Special Topics in
Special Topics in
A. Cross-Cultural Differences Company X is considering expanding its business to China. However, prior to moving into a new and foreign market, Company X must understand the various cross cultural differences that are relevant to properly conducting business in China. By being more sensitive to and understanding the cross-cultural differences, Company X's transition into the new market should be less challenging and improve its chances of acceptance. Language, work ethic and material culture are three cultural differences that should, first, be understood prior to pursuing opportunities in China.…
This proposal provides a guide to properly integrating culturally diverse business models to international business acquisitions. When the Roaring Dragon Hotel (RDH) needed improvements, Hotel International (HI) was brought in to make the changes. HI’s approach was not sensitive to local customs and cultural norms. While employees needed to become more productive, HI’s motivation methods were not as successful as expected. This proposal will address this issue while providing recommendations on improving communication with HI managers and current employees at the RDH. It will also analyze the importance of including current RDH leaders in the new management style. Breaking language barriers and taking current RDH leaders’ opinions into consideration will provide for a well-rounded administration. By keeping these recommendations, HI can provide a working environment where RDH staff feels empowered and a part of the team.…
Making business abroad can be risky, but it can also be profitable for a company as well; thus the necessity to study in deep the country where the company will bring the business to. International companies are faced with many cultural challenges, when doing business across and inside of different borders. Identifying the significant cultural issues involved when evaluating the attractiveness of a particular location as a place for doing business can be crucial for a business. Aspects to consider when studying culture in a new place are: aesthetics, values and attitudes, manners and customs, social structure, religion, personal communication, and education.…
20. Richard M. Hodgetts & Fred Luthans. International management: culture, strategy, and behavior, 5th ed. Boston, Mass.: McGraw-Hill Irwin, 2003,p279-302.…
GESTELAND, R, (2002), Cross Cultural Business Behavior: Marketing, Negotiating, Sourcing, and Managing Across Cultures, 3rd EDITION, COPENHAGEN BUSINESS SCHOOL PRESS, COPENHAGEN…
Becker, Kip; 2000; Culture and international business; Volume 4, Issues 3-4 of The Journal of transnational management development; Routledge; ISBN0789009692, 9780789009692; pp105-109.…
Cross-cultural management is seen as a discipline of international management focusing on cultural encounters, which aims to discover tools to handle cultural differences seen as sources of conflict or miscommunication. Cross cultural solutions to international business demands are increasingly being viewed as a valid and necessary method in enhancing communication and interaction between companies, between companies…
Source: Journal of International Business Studies, Vol. 14, No. 2, Special Issue on CrossCultural Management (Autumn, 1983), pp. 75-89…
Cultural sensitivity is vital to remember when any firm does any business in a foreign market. Certain strategies and procedures used in the United States may not translate the same way in other countries or have the same impact. Other areas in the world operate their businesses with different priorities and in different cultures so it is crucial to consider how these differences may affect how business is done. Ethical situations will inevitably arise when a firm begins operations in a new international market so it is best to be prepared to face such situations with character.…
Running an international business is different from running a domestic business. International business requires you to recognise and understand the cultural differences between countries. Failing to recognise and understand this difference could possibly lead to many difficulties, or worse still, failure. In this essay, I will be discussing the difficulties that Best Buy Co. Inc. faced, and its eventual failure due to the lack of understanding of the cultural differences in its host country, China.…
Saji, B. (2004). Cross Cultural Management, Vol 11, Iss 4; Pg 40. Retrieved April 25, 2006 from…
Intercultural communication is known as the base for international business. This paper will analyze intercultural communication focusing on Phoenix Management Services which is an organization with multicultural people. I think I can bring strategies to increase their intercultural communication skills so that they can intermingle with other individuals from any part of the world.…
Today 's world has entered the democratic, free and open era of information technology. The earth seems to become a village - 'global village ', This shows that the people who are living in it become closer and closer. This close relationship causes a natural phenomenon, which is having the conflicts due to the different traditional culture, different lifestyles & different religion beliefs & etc from different countries. This phenomenon should be eliminated by the reasonable way in order to let the people all over the world be more mutual respect, mutual care, mutual assistance and cooperation with each other. So that intercultural communication is very important to the human beings over the world. It could help to deal with a lot of the conflicts and contradiction owing to the different culture. And also the intercultural communication and competence could help the corporation to get the further success.…
3. How does culture impact market choices, structural decisions, and likelihood of success for an internationalizing firm? What are the implications for human resources?…
1. Capital Investment Funds invested in a firm or enterprise for the purposes of furthering its business objectives. May also refer to a firm's acquisition of capital assets or fixed assets such as manufacturing plants and machinery that is expected to be productive over many years…