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Samenvatting

Summary You want to launch a business internationally and you need

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You want to launch a business internationally, and you need to choose 3 countries—1 in the Middle East, 1 in Asia, and 1 in Latin America. What are some of the components of these cultures that you need to understand from a business standpoint?How are they different in each country? Specifically, what considerations will be necessary to facilitate collaboration across these cultures? Identify supervisory skills appropriate to respond to your considerations.Can you have a U.S. management style in these countries? In support of your answer, show how various issues would influence the success of multicultural teamwork.How are their economic systems classified? Explain why they are classified as such.After studying these countries, explain whether you should or should not move forward with your business plan.Role of Cultural Considerations in Shaping Business:Cultural considera

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Geüpload op
1 januari 2021
Aantal pagina's
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Geschreven in
2020/2021
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Samenvatting

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Voorbeeld van de inhoud

You want to launch a business internationally, and you need to choose 3 countries—1 in the
Middle East, 1 in Asia, and 1 in Latin America. What are some of the components of these
cultures that you need to understand from a business standpoint?
 How are they different in each country? Specifically, what considerations will be
necessary to facilitate collaboration across these cultures? Identify supervisory
skills appropriate to respond to your considerations.
 Can you have a U.S. management style in these countries? In support of your
answer, show how various issues would influence the success of multicultural
teamwork.
 How are their economic systems classified? Explain why they are classified as
such.
 After studying these countries, explain whether you should or should not move
forward with your business plan.



Role of Cultural Considerations in Shaping Business:


Cultural considerations form the basis of the determinants that shape

and curve human behavior while doing business. They are usually the driving

forces in business. One needs to understand the various effects of the

prevailing cultural environment on to business in the International scene.

With regard to the diversity of people, cultural environment influences the

other forms of environment such as: labor environment, political landscape,

socio-economic environment. The cultural environment too is influenced by

some other environmental aspects such as economic (standards of life:

whether stressed or comfortable), geographic (effects of climate, kind of food

and living conditions such as prevalent housing) and technological

environments (looks at aspects such as how the residents of the country go

about their daily chores. The existing means of transport and

, communication). These prevalent factors usually show variation with respect

the country that one wishes to conduct ones business in. in our case

countries that is Turkey, Mexico and India


A look at the different levels of relationships shows how countries have

their different ways of influencing how individuals conduct business. In

Mexico, the citizens there advocate for personal relationships instead of

business contacts. Mexicans also have a very unique way of avoiding

frequent arguments. Especially in instances where they do not agree with

you, instead of out rightly saying no. They usually have a tendency of saying,

“I’ll get back to you. Contrary to their Indian counterparts, who are usually

very open to dialogues that portray some sense? One does not need to

establish an in depth relationship with another individual in order to kick

start a business venture. In Turkey the situation is usually a bit different as

the relations there depend on the part of the country you find yourself in. in

the countryside, how businessmen relate with clients is usually very formal.

Exchange of greeting between for instance and the opposite sex should

never go beyond handshakes i.e. one is never allowed to hug or kiss, a

stranger.


When it comes to hospitality or hosting, Turkey exhibits friendliness to

businessmen or even tourists. Companies doing business in the country are

usually treated to a vast range of assistance in meals and entertainments.

Due to the sporadic influence of the US to Mexico, simple acts of free

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