The world is changing in many different areas, and one of the many different ways it's changing is how businesses change and continue to grow. When businesses grow and expanded there are possibilities of gaining access into new markets that need to be understood before entering. Business markets in China are completely different than markets over here in the United States. We need to take a look at some of those differences.…
It’s very common in large business to expand abroad; however there are a lot of factors that have to be considered before planning to start business in another country depending on which policies they have or what their background is as well as their stability or whether your product or business will sell over there. In this assignment I’m going to compare the challenges to business activities in two different environments, my two chosen environments are the UK and the Republic of China.…
International business involves all commercial transactions, including sales, investments, and transportation—private and governmental—between parties of two or more countries. Global events and competition affect almost all firms—large or small. However, the international environment is more complex and diverse than a firm’s domestic environment.…
References: Alon, Ilan; 2003; Chinese culture, organizational behavior, and international business management; Greenwood Publishing Group; ISBN…
A nation’s culture has a profound impact on how that nation does business globally. An intricate segment of any nation’s culture is its religious beliefs. Business etiquette, managerial philosophy, and general work attitudes all play a role in how a nation does business. When all of those elements in the nation of China collide with other nations in the global business landscape, what is the outcome? Four key questions will be addressed regarding China and how these elements play a role in business endeavors: what are the major elements and dimensions of culture in this region? How are these elements and dimensions integrated by locals conducting business in the nation? How do both of the above items (elements and dimensions of culture) compare with U.S. culture in business? And, what are the implications for U.S. businesses that what to do business in that region?…
China has the largest population in the world, and has the largest market to the international business. So China reasonably becomes the focus of the international business. There are different business rules in different countries because of various cultures. China is a traditional country, which deeply affected by Confucianism. The foreigners who want to do business with China, should be familiar with the dominant social institutions , beliefs and values in China. Because the operation of business systems is controlled by all kinds of rules, especially by some informal rules. In this essay, i will identify some rules which govern the operation of business systems in China from the essence of formal and informal rules. In the first section formal rules such as laws will be clearly stated , and some informal rules will be discussed from socio-cultural practices.…
1.2 High power distance vs. Low power distance: Some countries use high power distance clarify who the boss is and that they possess the power to make decision, they have more privileges then the employees. In countries with low power distance, the managers seem more equal to the employees to enhance trust in the organization.…
Due to the differences in customs and culture, Asian business practices vary greatly from that of western culture. Confucianism has been a major influence in Chinese society as well as the business culture. Understanding these critical components of Chinese culture will help you determine the best way of relating to each other. In what circumstances is gift giving appropriate? How do you know a gift from a bribe? What is the proper way of accepting or declining a gift? Dealing with corruption, the consequences of being caught and political reform are also important issues to consider. The importance of relationships (guanxi) and proper protocol for various situations as well as the differences in communication styles are crucial factors for success in China. One must understand Chinese culture and its history to achieve business success with the…
Today we see companies looking towards new markets and industries to expand their businesses. Growth in the west is almost at its saturation peak and developed industries are looking to foray into Asian markets to promote their growth and take advantage of developing economies. There are a lot of constraints in entering new markets, businesses have to understand regional aspects and the environment which govern these markets. There are various aspects of the environment which are Political, Legal, Economic and Cultural. Economic, Legal and Political environment differ in different regions and are sometimes governed by their local culture. Culture in many ways influences and has a major role to define these policies. When businesses are entering new markets they can study economic limitations, political and legal environment.…
* Communities of Practice (Wenger, 2007) - are groups of people the come together to share knowledge and experiences and learn from one another whilst providing a social context for that work. Three characteristics are crucial:…
Power distance as a characteristic of a culture defines the extent to which the less powerful person in society accepts inequality in power and considers it as normal. Put simply, people in some cultures accept a higher degree of unequally distributed power than do people in other cultures. In high-power-distance cultures, power is concentrated in the hands of a few and there is a great difference between those with and those without power. In low-power-distance cultures, the power is more equally shared throughout the citizen.…
Organisations with LPD tend to have a flatter organisation structure that adopts a more democratic style of leadership that are flexible and adaptable to changes. (Griffin, n.d.). Organisations with HPD have a taller organisational structure that establishes a clear set of responsibilities for the employees. Bypassing the chain of command are thought to be disrespectful.…
This dimension deals with the fact that all individuals in societies are not equal – it expresses the attitude of the culture towards these inequalities amongst us.…
This dimension deals with the fact that all individuals in societies are not equal – it expresses the attitude of the culture towards these inequalities amongst us.…
Power distance expresses the degree to which the less powerful members of a society accept and expect that power is distributed unequally. The essential matter here is how a society handles inequalities between individuals. Individuals in societies showing a large degree of power distance accept a hierarchical order, and have top down decision making. In cultures with low power distance, individuals make every effort to equalise the spreading of power and demand justification for inequalities of power.…