Q1: (a) INTERNAL FACTORS AFFECTING BUSINESS ENVIRONMENT: Companies must endure economic recessions‚ competing businesses stealing their market share and dips in their stock price. However‚ these external factors are not the only problems businesses face. Companies must deal with internal factors as well. Internal issues can create just as many problems as external ones. Sometimes‚ the two types of factors are linked. Employees : The caliber‚ attitude and work ethic of a company’s employees are
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Gesteland is the author of a cross-cultural business behavior model. In his model he names 4 set of attributes. Each set has 2 contrary traits. We have: * relationship-focused and deal-focused business cultures * formal and informal business cultures * polychronic and monochromic business cultures * reserved and expressive business cultures We present each set of attributes in a table to simplify the content: Relationship-focused business cultures | Deal-focused business cultures | People are
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highly important for all international companies to understand that business culture in China is based on strong family networks or cultural ties secured in "quanxi" connection (Huang‚ 1987). This form of Chinese culture is heavily influenced by Confucianism‚ Taoism and Cultural Revolution. Under the cultural acceptance‚ good business practice in helping family and close associates and building relationships prior to doing business deals. Fei ’s (1948) framework also illustrate the network circle
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The external environment of a business includes a variety of factors such as competitors‚ suppliers and regulations that influence major strategic decisions. Scanning and assessing the external environment is a vital part of strategic decision-making in entrepreneurial ventures. This helps small-business managers locate factors that pose opportunities or threats to their businesses. A better understanding of the ramifications of external environmental factors can improve success and survival for
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Individual Assignment: “Euro Disneyland” 1. Using Hofstede’s four cultural dimensions as a point of reference‚ what are some of the main cultural differences between the United States and France? PDI: Power Distance IDV: Individualism MAS: Masculinity UAI: Uncertainty Avoidance PDI: Power Distance IDV: Individualism MAS: Masculinity UAI: Uncertainty Avoidance The main cultural differences when using the Hofstede dimensions are in the dimensions Power
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Environmental Factors of International Business By Walter Johnson‚ eHow Contributor Environmental factors for international business comprise the external relations a firm will face in going global. These include‚ most importantly‚ the economic‚ political and legal environments‚ each of these always entangled with the others. Basic Issues The central issues for the decision to go global are concerned with minimizing risk. A company‚ when considering the environment that it will deal with when entering
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COMMUNICATION AS A CROSS-‐CULTURAL CHALLENGE FOR INTERNATIONAL MANAGEMENT A CASE STUDY OF GINA TRICOT Paper within: Bachelor Thesis in Business Administration Authors: Tutor: Frida Mordenfeld Sandra Johansson Pamela Hinojosa Giron Zehra Sayed 881201-‐5520
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Spitzberg and Cupach (1984) define communication competency as the ability to achieve your goals while you fulfill relational and situational expectations (as cited in Cupach & Canary‚ 1997). Spitzberg and Cupach contend that communication competency is primarily comprised of two dimensions‚ appropriateness (meeting social expectations and social rules) and effectiveness (achieving one’s goals). Understanding the individual’s role in cross-cultural communication has gained the attention of several
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3.0 The Social and Cultural factors that influence a sanitation project Sanitation can best be defined as the way of collecting and disposing of excreta and community liquid waste in a germ-free way so as not to risk the health of persons or the community as a whole (WEDC‚ 1998). Sanitation systems properly designed‚ may not necessarily be appropriate for a group of people when relevant factors like social and cultural practices affecting sanitation and hygiene are not taken into account. Lack of
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feelings effectively in English for it is the second official language of our country. There are two types of communication‚ the verbal communication and the other is the Non-verbal communication. Being a Filipino‚ it is the “lingua franca” of social‚ Professional and the business word as able to develop one’s proficiency in English. However‚ what are the factors that affect poor communication skills of most students especially at PCCr (Forth year criminology students) and some other colleges? In addition
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