...Have you had any previous experience traveling or living outside the US? (*) I have not lived outside the United States; however, I have traveled internationally. In 2010, I visited India for three weeks to visit my husband’s family. During this time, we lived in the homes of our family members in various villages and cities throughout the country including: Ahmedabad, Mount Abu, Pune, Delhi and Mumbai. Additionally, in 2007, my husband and I vacationed in Greece for two weeks staying in Athens and Greek Islands. Lastly, I have taken smaller vacations in several Caribbean countries and Mexico. Through these vacations, I came to appreciate the unique cultures and values of the people that I met. Despite the contrasting lifestyles and material wealth I witnessed in each country compared to what is in the US, I also saw how similar my values and beliefs are to those I met. In each case, the people I met helped make me a more well rounded person. I only wish I could have stayed longer. 2. Do you have any foreign language skills, either reading or conversational? (*) Currently, I would characterize my knowledge of Spanish as: Speaking = conversational, Listening = basic, Writing = conversational. I studied Spanish in high school and was fortunate to have the opportunity to complement my studies with the knowledge that came from conversing with the Latin American employees of my father’s various farming operations in their native language. After, moving away from...
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...History and Economy of the Czech Republic This paper is on the Czech Republic economy. I will first introduce the country with detailed information on the Czech history from past to present. Then, I will talk about their economy during communism and post-communism. This will show how the country and its economy has changed dramatically during and after communism. Transitioning from that, later on in this paper will exemplifies the Czech Republic economy in exquisite details from the past 25 years to now; post-communism. The term "Czech" refers to the cultural characteristics of the Czech-speaking inhabitants of the Czech Republic, which includes Bohemia; the larger western part. The republic is bounded by Poland on the north, Germany on the northwest and southwest, Austria on the south, and the Slovak Republic on the east. The crowning of the first Bohemian king took place in 1085. And the first university in central Europe was founded in Prague in 1348. The development of Czech national culture came to a temporary halt in 1620, when the Czech's social classes possessing political rights were defeated in the Battle of White Mountain. The Bohemian kingdom lost its independence, and its provinces were declared the hereditary property of the Hapsburgs. A period referred to as "the darkness" lasted until the end of the eighteenth century, when the Czech national revival the formation of the modern Czech nation began. The area of today’s Czech Republic used to be an industrial...
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...Bohemia was formerly part of Czech From 16th century until 1918 Czechs were a part of the Habsburg Empire Reasons for Emigration (Czechs): political unrest - feudal rule crumbled in Habsburg Empire = freedom in society for movement (emigration) industrial revolution = stronger competition for farmhands and lower demand for them military draft for over 10 years (under Habsburg Empire) and many wars for which the Czechs did not understand or believe in So... US seemed nice because it offered free land, more opportunities and you could quickly get out of fighting in wars Emigration was not easy after the revolution that caused Habsburg Empire to fall Was known for beautiful work in glass Made first non-lead glass called potash Was famous for its work with crystal In second half of 19th century started to trade their glass masterpiece peasants were serfs of noble families Herman Augustine- First Czech in Ameica Fled to America to escape political persecution by Habsburg 10,000 Czechs living in US by 1850 Immigrated with families, unlike many other countries Some immigrants were exiles Moravian Brethren came to seek religious freedom founded elementary and secondary schools in America Czechs are a Slavic group Supported women to get educations Came to try and find relatives Many moved to the west Many wanted the economic prosperity that America had Over 2,000 Czech immigrants by the time the Declaration of Independence was signed Men required to serve one...
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...i Country studied : Czech Republic Group members : 1. Martin Aurélie 2. Camille Pennel 3. Quentin Ohl 4. Lucas Gautier 5. Adrien Champas Faculty tutor : Lily Ming LI Mark : _______ ( Like all marks, subject to validation by an exam board ) Due Date : 7 nov. 2011, 5PM Received on time ? yes / no Content (80%) Mark ______ 1. Cultural analysis and examples- integration of cultural theories- depth of knowledge and understanding- use of quality example- originality 2. Implications, recommendations - Coherent structure & arguments - Relevant & specific recommendations - Business orientation, appropriate for Expatriate | Comments | Style (20%) Mark ______ 1. Quality of writing 2. Layout and lengh 3. Correct referencing | | Other Comments | ESC RENNES SCHOOL OF BUSINESS – PGE2 INTRODUCTION Czech Republic needs to be viewed as a transitional economy which is in the process of moving from a state-controlled, centrally planned economy to one which is embracing a more Anglo-style capitalist model. Although it could be strongly argued that the Czech Republic has moved faster and more successfully in this direction than some of its neighbors, this does not mean that the transition is complete. In the study of the behavior of the Czech in business, we must take into account the specific past of this country. The Czech approach is necessarily...
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...International Economic Relations International Economic Relations International House of Pancakes International House of Pancakes Export analysis: From USA to Czech Republic Export analysis: From USA to Czech Republic Authors: Barbora Nykodýmová Helena Leszczynska Preet Singh Authors: Barbora Nykodýmová Helena Leszczynska Preet Singh Delivery date: 2011, May 26 Delivery date: 2011, May 26 Table of Contents Internal Analysis (USA) 3 External Analysis (Czech Republic) 4 Macroeconomic Factors 4 Economic Structure 4 Political Legal Structure 6 Demographic Aspects 7 Socio-cultural Factors 10 Technological Level/Factors 11 Geographic Aspects and Distribution Structure 11 Product Analysis on the Export Market 13 Potential Buyer Analysis 13 Competitive Analysis 13 Product 15 Price 16 Distribution 16 Communication 17 Other Aspects 18 Conclusion 19 List of Sources 20 Appendices 22 Internal Analysis (USA) External Analysis (Czech Republic) Macroeconomic Factors Economic Structure Own experience with the market: Two from three members of group are citizens from Czech Republic; so own experience is strong enough. Gross National Product (GNP): In Czech Republic to measure value is used gross domestic product. GNP is not measured. So GDP as a value of all final goods and services produced within a country in certain period. In 2010 annual increment in GDP was positive, except in 2009 was negative, last 5 years was...
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...Businesses worldwide are increasingly worried about the impact of their business activities on society. They also recognize that the world they live in presents a growing array of demands, pressures and risks that are not signalled through markets or the traditional political processes on which they have relied for a very long time. Thus, many have implemented into their operation the so-called corporate social responsibility (hereinafter also CSR) that aim to balance their operations with the concerns of internal and external stakeholders such as employees, customers, suppliers and business partners, labour unions, local communities, non-governmental organizations (hereinafter also NGOs) and governments. By its very nature CSR is a complex, multiform phenomenon emerging as the interface between enterprises and society. Social and environmental consequences have started to being weighed against economic gains and short-term profit against long-term prosperity by the businesses in order to maintain long-term sustainable growth and development. With growing sensitivity towards social and environmental issues and shareholder and owner concerns that can be effectively addressed through internal and external dimension of CSR, businesses are increasingly striving to become better “corporate citizens”, i.e. appropriately grasping and implementing CSR concept. But whilst many agree that CSR is the right thing for businesses to implement and follow, proponents often grow uncomfortable...
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...Investment Climate POLITICAL AND ECONOMIC STABILITY The Czech Republic is a fully-fledged parliamentary democracy, and is one of the faster growing economies as well as one of the ten countries that entered the European Union on 1 May 2004. The country’s economic policy is consistent and predictable. A strong and independent central bank (the Czech National Bank) has maintained an extraordinary degree of currency stability since 1991. The Czech Republic was the first CEE country to be admitted into the OECD. The country is a member of NATO and is fully integrated into other international organisations such as the WTO, IMF and EBRD. EU legislation was adopted in preparation for EU accession. Czech commercial, accounting and bankruptcy laws are compatible with Western standards. The Czech koruna is fully convertible. All international transfers (e.g. profits and royalties) related to an investment can be carried out freely and without delay. NON-DISCRIMINATION Under Czech law foreign and domestic entities are treated identically in all areas, from protection of property rights to investment incentives. The government does not screen any foreign investment projects with the exception of those in the defence and banking sectors. As an OECD member the Czech Republic is committed not to discriminate against foreign investors in privatisation sales, with the same exception as that mentioned above. INVESTMENT PROTECTION The Czech Republic is a member of the Multilateral Investment...
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...Automotive OEM Developing cars faster and selling them for less Product lifecycle management solutions speed vehicle design and enable lower prices M A R U T I U DYO G LT D. www.ugs.com Business challenges Ensure customer delight Increase shareholder value Reduce development time and offer cars at lower prices Working with pride in India Maruti Udyog Ltd., a subsidiary of Suzuki Motor Corporation of Japan, has been the leading Indian passenger car maker for about two decades. The company has a diverse portfolio that includes: the Maruti 800; the Omni; a premium small car, Zen; the international brands, Alto and WagonR; an off-roader, Gypsy; the mid-size Esteem; a luxury car, Baleno; an MPV, Versa; a premium subcompact car, Swift; and a luxury SUV, Grand Vitara XL7. The company’s 11 base platforms encompass 300 variants for 100 export destinations. According to Maruti’s vision statement, its goals include maintaining leadership in the Indian automobile industry, creating customer delight, increasing shareholder wealth and being “a pride of India.” Customers have shown their approval, ranking Maruti high in customer satisfaction for six years in a row according to the J.D. Power Asia Pacific 2005 India Customer Satisfaction Index (CSI) Study. The company has also ranked highest in the India Sales Satisfaction Study. Keys to success Information management, process management and global collaboration supported by Teamcenter® software More efficient and innovative...
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... The Cultural Challenges of Doing Business Overseas This paper will provide an analysis of Steve Kafka’s decision to open and operate a Chicago-style pizza business in the Czech Republic (University of Phoenix, 2011). This analysis will include information on the cultural differences between the United States and the Czech Republic and how these differences may affect the business climate. This paper will also review potential risks in doing business overseas and what Kafka may be able to do to mitigate these risks. In addition, trade barriers and price structures will also be discussed. Background Kafka is an American of Czech heritage, speaks fluent Czech, and has traveled to the Czech Republic on many occasions, thus giving him confidence in his understanding of the business environment and economy opportunities (University of Phoenix, 2011). Kafka also has many friends and family members living in the Czech Republic which also give him the ability to better learn about cultural differences and standard customs. The Czech Republic is a member of the European Union, NATO, the World Trade Organization, the European Bank for Reconstruction, and the International Monetary Fund, and the International Bank for Reconstruction (Doing Business, 2011). The monetary unit used is the Czech crown rather than the Euro and credit cards are commonly accepted, including the Maetro, Visa, Euro Mastercard, and the American Express card (Doing Business, 2011). Prague, the capital...
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...of Czech origin and a franchisor for Chicago Style Pizza, has decided to expand his business into the Czech Republic. He knows it is a risky decision. When he became a franchisor, he had to overcome many difficulties. Steve anticipates he will face some of these difficulties again at the new location in Prague, Czech Republic. Although he was born in the United States, he has family and friends in the Czech Republic. Steve speaks Czech fluently, and has visited the country of his origin several times. In other words, he knows the people and the culture. Or does he? The purpose of this Cultural Challenges of Doing Business Overseas paper is to analyze the major differences and incompatibilities between the U.S. and Czech cultures. I will analyze the cross-cultural differences between the United States and Czech Republic, determine comparative advantages in this country, and recommend ways to minimize the risks of establishing a franchise overseas. It is important for Steve Hafka to understand Czech Cuisine being that he has decided to expand his business in Czech. If he does not research the Czech culture, his pizza franchise may not be successful. Both cultures are quite compatible and the major differences come in attitudes of people. Americans are generally optimists, where the majority of Czechs are pessimists. Another difference between the Czechs and Americans is their level of confidence. Americans seem to be overly confident in anything they do where Czechs have...
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...Czech Republic IN CLASS GROUP CASE STUDY ANALYSIS ASSIGNMENT – MGMT 6032 – Worth 20% Section 1 – 25 October due at the end of class Section 2 – 26 October due at the end of class IN GROUPS OF A MAXIMUM OF FOUR PEOPLE Please read Case 1 – “Spanning the Globe” in your textbook on pages 418 to 421 Analyze the case as follows, referring to the Case Analysis Rubric. Step 1: Situation Summary This step should provide a brief summary of the case and its key features. It should be ½ to ¾ of a page long. Step 2: Problem Identification The second step in your written analysis is to explicitly identify the major problem(s) in the case in one or two clear and precise sentences. One way to identify a problem is to compare some desired state or objective with the actual situation. In order to define a problem there must be some type of standard for comparison. Possible standards include the organization’s stated objectives or goals, objectives or goals of competing organizations, etc Step 3: Identify the Causes of the Problem In order to identify the root cause, the internal and external environment needs to be analyzed. It is helpful to ask yourself some or all of the following questions - Why did the problem occur? When did it begin? Where does it occur? Where doesn’t it occur? What has the organization failed to do? What else is happening as a result of the problem? The idea here is to probe beyond the symptoms to uncover the root cause(s) of the problem...
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...insight into the PSEM cell before they started changing the layout of the workstations and operating procedutes. a. What did they do well? They observed the process well, identifying muda in various areas and came up with a time and money saving process. b. What did they do poorly? They did poorly in their attempt to communicate with the individual workers. Instead of talking to the workers to get their input on the process, they simply observed the operation, and wanted to make changes based on their observations of different cell’s operations c. What should they do for the rest of the week? For the rest of the week, they should work to close the language barrier between them and the workers. I know it would be impossible to learn Czech, however they should work more closely with the translators in an effort to understand the...
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...Just an option, but I think this itinerary is pretty legit and is the best logistically. We leave September 20th which is a Thursday at 4:00 pm.. 1 stop only 13 hrs total of flying from LAX to Vienna, Austria. Land Friday at 2:40 pm We depart Sunday October 7th at 9:15 from Rome, Italy to LAX Nonstop arrive at 1:50pm Countries Visiting: Austria Switzerland Italy Germany Czech Republic Airline Cost: $1254 pp Train Cost: $653 pp (15 day first class Euro Global Rail) Estimated Hotel Costs: $850 @ average nighty rate of $200 equated currency conversion Estimated miscellaneous cost: $1,700 @ $100 daily expenses (food, BOOZE, etc) Estimated Trip Cost= $4,000 – $4,500 | Day 1- Travel Day (Thursday) Day 2- Explore Austria (Friday) Day 3- Explore Austria (Saturday) Day 4- Travel To Prague, Czech Republic (Sunday) 4 hour train ride Day 5- Explore Prague (Monday) Day 6- Explore Prague (Tuesday) Day 7-Travel to Munich (5 hour 55 min) have all afternoon to explore Munich (Wednesday) Day 8- Oktoberfest (Thursday) Day 9- Oktoberfest (Friday) Day 10- Explore other parts of Germany (Saturday) Day 11- Explore other parts of Germany (Sunday) –overnight train ride to Zurich Switzerland from Berlin. Leaves at 10:10 pm arrives at 9:17 --$63 extra per person for overnight train.. Day 12- Explore Switzerland (Monday) Day 13- Explore Switzerland (Tuesday)- Overnight train to Venice Day 14- Explore Venice (Wednesday) ...
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...IN CLASS GROUP CASE STUDY ANALYSIS ASSIGNMENT – MGMT 6032 – Worth 20% Section 1 – 25 October due at the end of class Section 2 – 26 October due at the end of class IN GROUPS OF A MAXIMUM OF FOUR PEOPLE Please read Case 1 – “Spanning the Globe” in your textbook on pages 418 to 421 Analyze the case as follows, referring to the Case Analysis Rubric. Step 1: Situation Summary This step should provide a brief summary of the case and its key features. It should be ½ to ¾ of a page long. Step 2: Problem Identification The second step in your written analysis is to explicitly identify the major problem(s) in the case in one or two clear and precise sentences. One way to identify a problem is to compare some desired state or objective with the actual situation. In order to define a problem there must be some type of standard for comparison. Possible standards include the organization’s stated objectives or goals, objectives or goals of competing organizations, etc Step 3: Identify the Causes of the Problem In order to identify the root cause, the internal and external environment needs to be analyzed. It is helpful to ask yourself some or all of the following questions - Why did the problem occur? When did it begin? Where does it occur? Where doesn’t it occur? What has the organization failed to do? What else is happening as a result of the problem? The idea here is to probe beyond the symptoms to uncover the root cause(s) of the problem. Step 4: Alternative...
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...protesters grew to an unprecedented half a million and 75 percent of the country’s entire population went on a two-hour general strike, the Communist leadership stepped down. * Two weeks after that, the first non-Communist government was sworn in and a dissident leader, the playwright Vaclav Havel, was made president just in time for New Years 1990. * Remarkably, no one was killed; especially considering Warsaw Pact nations had invaded Czechoslovakia to suppress a popular reform movement just 21 years before. * Four years later the country split, also peacefully, into the Czech and Slovak republics. It was called the velvet revolution as it was a bloodless revolution, and because of its peacefulness it was named “velvet” as the revolution was as smooth as this material. Velvet divorce * The Velvet Divorce is the name given to the dissolution of Czechoslovakia into two separate countries, the Czech Republic and Slovakia, which went into...
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