...Culture and its Impact on International Business Introduction As businesses have grown and expanded to the international level; certain aspects of business have become abundantly clear. One thing that has become the norm when doing business on the international level is dealing with different cultures. Culture, as defined by Geert Hofstede is “the collective programming of the human mind that distinguishes the members of one human group from those of another. Culture in this sense is a system of collectively held values.” The concept of a culture has been around for a very long time; in-fact, when people exist in the same place together they end up following a set of rules. These rules can be called a “social norm” or culture and can be made up of simple things like how to act in certain situations all the way to a very devout set of beliefs or values. This paper will focus on the role that culture plays on multinational businesses around the globe and the differences that culture plays from one area of the globe to the next. An in-depth look will be taken on the obstacles that may arise due to culture, adjustments that need to be made, and any ethical conundrums that may arise due to different cultures. Literature Review D. Elenkov and d. Kirova, state that “MNCs should not underestimate the importance of the cultural specificity of the host countries because different staffing, selecting, training, motivating and compensating practices should be applied in accordance...
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...The East India Company and Perceptions of Indian Culture Throughout the 16th century, the Indian Ocean was filled with lucrative trade. Incredible amounts of capital and resources were exchanged all throughout the Indian Ocean from the Middle East to the shores of Japan. At the heart of all this trade stood the Indian subcontinent, whose merchants and monarchs accumulated vast amounts of wealth by taking advantage of their geographic position relative to the international market. Although the larger dynasties of Europe had learned of the vast material wealth of Asia through the travels of Marco Polo and other European explorers as early as the 14th century, it wasn’t until the 1600s that the first legitimate European trading companies set up shop in the east to bring Asiatic commodities to the European continent at a large scale. The first of said companies, the British East India Company, created under Elizabeth I of England, would bring not only great wealth, but also eventual colonization to the people of the India. The British East India Company arrived in the Indian subcontinent with purely economic goals. The merchants in the company adapted to Indian culture extremely well, quickly making friends with the monarchs of different Indian states, adopting and practicing Indian religions, marrying Indian women, and learning the vernacular languages of the continent so that they could seamlessly blend into the already thriving market. As English influence in the Indian economy...
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...Mcdonalds in India full Assignment Mcdonald is the world famous fast food restaurant.The idea of mcdonald’s was introduced by two brothers Mac (Maurice) and Dick (Richard) Mcdonald in California.their father Patrick Mcdonald in 1937 was having a hot dog cottage called as Airdrome restaurant near the airport.In 1940 the restaurant was renamed as Mcdonald’s Famous Barbeque.In 1940 both brothers came to a conclusion that most of their profit comes from selling hamburger so they made their menu very simple by selling only Hamberger,cheeseburger,soft drinks French fries and apple pie.in 1954 a turning point came in mcdonald’s brother history.Ray kroc a seller of Multimixer milkshake visited mcdonald and he liked the idea of mcdonald.Mcdonalds corporation was build in those times and as a result kroc started expanding their business by opening franchises for mcdonalds.1960 mcdonald’s advertising campaign “look for the golden arches” gave mcdonald’s sale a big boost.1965 mcdonald corporation went public.in 1968 mcdonal open its 1000th restaurant.1974 mcdonalds started their business in UK and Newzealand.in 1980 mcdonalds was facing very big competition from its rival Burger King and Wendy but mcdonald with its innovation was experiencing boost in its sales.in early and mid ninties mcdonalds was having decline in their sales and as a result they start improving their business.taste was improved and some new menu items were introduced.Mcdonald introduced first Kosher Mcdonald in...
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...International Management Managing Across Borders and Cultures Case study Nokia: Business Interests VS German Pressures Class 2 Group leader: Roger 12901227 Group members: Froggen 12901204 Henry 12902158 Himi 12901225 Eudora 12901203 Word count: 1953 words Menu Background (Roger) 1 Question 1 (Froggen) 2 Question 2 (Henry) 3 Question 3 (Himi) 4 Conclusion (Eudora) 5 The case study of Nokia Background As a well-known mobile handset maker in the globe, Nokia occupied a 40 percent market share once. However, with mobile industry progressing at an unprecedented rate, the competition was becoming increasingly fierce with encroaching on the market share of Nokia. Due to such situation, the whole mobile handset industry was marked by declining prices and depressed margins making companies look at low-cost production options. Nokia, was also making their efforts to reduce the cost, so they made decision to close the company in Bochum and built a new one in Romania although they were a little worried about the negative...
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...Delmy Franco Professor Burke MES M111 June 4, 2015 Research Essay Commodities That Revolutionized The Early Middle East And West Region Introduction Since ancient times, Commodities have always played an important role in the development of civilizations all around the world. This research paper focus it attention on the Early cultures of the Middle East and the way they marketed a wide variety of commodities, particularly: sugar, coffee, and tobacco, which became not only a very profitable business but they transformed the social and economic growth of the region, expanded the trade to the West and influences ancient people’s daily life, traditions, and religious beliefs from the 600s AC to early 1900s. Supporting Archaeological evidence...
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...A report on An analysis on Walton refrigerator Submitted to: Md. Ismail Hossain Associate professor Department of marketing University of Dhaka Submitted by: Group Insuperable Section: B Department of marketing University of Dhaka Submission date: May 2, 2016 GROUOP NAME: INSUPERABLE Serial no. | Name | Roll no. | 1. | Ashikul Islam | 44 | 2. | Shahinur Akter | 98 | 3. | Farjana Akter Mito- | 110 | 4. | Sajal Bepary | 112 | 5. | Forhadi Afsana | 152 | 6. | Sajedul Islam | 176 | 7. | Ashiqur Rahman Ashiq- | 266 | 8. | Md. Eqramul Islam | 268 | 9. | Tonmoy Das | 270 | 10. | Md. Anamullah | 274 | Letter of transmittal May 2, 2016 Md. Ismail Hossain Associate professor Department of Marketing University of Dhaka Subject: submission the report on “an analysis on Walton refrigerator” Dear Sir...
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...cultural settings? Illustrate with examples.2009/2010 3. Are Western theories of leadership relevant in Non-Western cultural settings? Illustrate with examples. 2008/2009 4. Leadership is critical for the success or failure of international operations, and what is effective in one country might be considered as ineffective in another culture. Select two leaders from two different cultures and compare and contrast their leadership styles. Explain why they are different or similar.2007/2008 5. “Leadership is fundamentally the same irrespective of culture.” Do you agree/disagree? 2007/2008 6. How does culture influence the practice of leadership? 2006/2007 Objectives: 1. Describe the basic philosophic foundation and styles of managerial leadership 2. Examine the attitudes of European managers toward leadership practices 3. Compare and Contrast leadership styles in Japan with those in the US 4. Review leadership approaches in China, the Middle East, and developing countries 5. Examine recent research and findings regarding leadership across cultures 6. Discuss the relationship of culture clusters and leader behaviour to effective leadership practices, including increasing calls for more responsible global leadership US and Japan “Getting Americans and Japanese to work together is like mixing hamburger with sushi.” (Atsushi Kagayama, VP Panasonic Corp, Japan & President, American Kotobuki, USA) Carlos Ghosn ...
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...of IT, Development of Applications, Integrations of systems, Outsourcing management, testing, storing. It also further performing business such as Business Intelligence, Security applications, Modernization of Legacy and Data Migrations. At present company’s employee strength is over 3500 peoples from different nationalities and it operating across the US, Canada, UK, Europe, Asia Pacifica and Middle East. Thus, Mastek operating eight of world class global delivery center in India and Malaysia. A person who took the cultural experience in this organization is working as a software engineer, who transferred from India Mastek to its UK branch. Nature of the Business Mastek (UK) Using an established framework, Mastek has over two decades of proven experience in the development and maintenance of large enterprise data warehousing and business intelligence decision support systems. Mastek's data warehousing and business intelligence solutions can help drive a lower total cost of ownership for your enterprise and are backed up by delivery models with stringent quality processes to reduce the risk and improve ROI. Mastek has unique solutions that not only monitor and display information but also supply the right information at the right time to support decision-making during real-time operations. Our understanding of data warehousing and business...
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... despite this it has to be analyzed to evaluate its strengths, weaknesses, opportunities and the threats. Let’s analyze the outlet using swot analysis. Weakness * The weakness that hits the list is the employee turnover rate. Every year many of their employees are fired out of the restaurant * McDonalds mostly advertises products and food items that targets children. You will notice that bill boards always display the advertisements of Happy Meal and any other deal that is ordered for the kids mainly * Health conscious people seldom complain that they do not provide us with the organic and healthy food. This becomes their weakness when they get in the complaints * They also face quality issue at times. This affects the business as they are running the outlet worldwide, if one franchise gets affected others also get a bad name Strength * McDonalds holds a very strong brand name worldwide * They have large partnerships with other companies that provides them with their desired products, this increases the goodwill of the company * Socially responsible firms earn a good name in the market due to their projects they do to help people, McDonalds is one the most reputed firms who are socially responsible * It is said that McDonalds was the first food outlet to provide its customers with nutritional facts * Loyal employees and management and customers is their biggest strength * McDonalds makes sure that cultural and regional barriers are kept...
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...an important aspect of the culture of a company. Not fully understanding the culture of a company can limit the potential success of employees substantially. Alternatively, when a manager creates a culture of both individual and collective human excellence, employee performance increases significantly. In negative, low-performing cultures, there is confusion about goals and roles, conflict among members, disempowerment, and not much listening. Examples of positive, high-performing cultures include those that have a common known goal, an open flow of communication, a passion to deliver results, and clear roles for decision making (Anderson & Anderson, 2010, p. 189). The question is: how do managers take the business culture from the negative, low-performing culture to the positive, high-performing culture? The answer is motivation! All managers must discover what motivates their employees. Managers also must consider what pushes employees to maintain higher productivity, have increased job satisfaction, meet organizational goals, and strive to be competitive in the job market today. When a leader can understand what motivates his or her employees, then employees will invest in the improvement of the company (Adler & Gunderson, 2008, p. 184). As the business world becomes more global each and every day, managers must also begin to think more globally. This includes investigating which motivational practices work the best for different cultures. This paper will first describe...
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...impact on the international trade system. Increasing international trade is crucial to the continuance of globalization. Without international trade, nations would be limited to the goods and services produced within their own borders. International trade is, in principle, not different from domestic trade as the motivation and the behavior of parties involved in a trade do not change fundamentally regardless of whether trade is across a border or not. The main difference is that international trade is typically more costly than domestic trade. The reason is that a border typically imposes additional costs such as tariffs, time costs due to border delays and costs associated with country differences such as language, the legal system or culture. Another difference between domestic and international trade is that factors of production such as capital and labor are typically more mobile within a country than across countries. Thus international trade is mostly restricted to trade in goods and services, and only to a lesser extent to trade in capital, labor or other factors of production. Trade in goods and services can serve as a substitute for trade in factors of production. Instead of importing a factor of production, a country can import goods that make intensive use of that factor of production and thus embody it. An example is the import of...
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...Standardization Strategies Success in today’s business world implies that all aspects of planning be utilized to the fullest. This includes the analysis segmentation and targeting of a potential market to facilitate sales whether retail, local, or global. When these protocol are combined this results in implementation and standardization strategies. Current research also show that, “targeting implementation also implies developing media and message strategies to reach each selected segment”(Johansson, 2009). Team A will construct a document that reviews the implementation strategy for their products which includes the protocol to be used in the global standardization of the merchandise. Factors influencing local and foreign buyer behavior There are many factors that could influence the local and foreign buyer behavior but in this paper, we will focus on four major aspects of influencing. The four key components that we will elaborate on are Cultural, Social, Personal, and Psychological factors. These four key components can be interchanged on the local and foreign buyers market. Understand these particular factors will not only be a good basis for a successful product launch but it can also help bridge the gap within global affairs and communication. Cultural factors involve many situations depending on the country of orgin, or if there is a specific need for the product within that country. According to Perrau, Culture is essential when it comes to understanding the...
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...the analysis of FDI activities, Giordano’s FDI activities have many impacts on host economies, like job creation in Indonesia. This report draws on sales data of main Asian markets and subordinate brands to analyse the trend of investment of Giordano. Korea is the most important and second market except Mainland China；The Middle East grows quickly during last decades; Singapore is a stable and profitable market. Malaysia and Indonesia are potential markets, and from a long term perspective Giordano will focus on the development of these countries. Asia is the basic market of Giordano, which conducts over 95% foreign investment there. This report applies SWOT analysis to illustrate the strengths, weaknesses, opportunities and threats, and also uses PEST analysis to explain the external factors-political, economic, social and technological, which influence the investment direction in the future. Country screening process identifies company-specific criteria, which enable them to rank countries. Giordano mainly selects countries in Asia and compares their political and economic environment, etc, Finally, Singapore, South Korea, the Middle East, Malaysia, and Indonesia are selected to be the primary markets. BCG box analyses the subordinate brand of Giordano. Finally, this report analyses the post financial crisis era of Giordano. Part A...
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...steadily over the years, incorporating several changes in its outfit and presentation. From the French beginnings, to the British influence and then the American dominance after the 2nd world war, the entertainment industry has seen it all. Bollywood, the Hindi-language industry in Mumbai is considered by many to be the heart of the Indian film industry. Although the format of Bollywood films has changed over the years, a typical film is melodramatic; long (three to four hours); filled with song and dance numbers, elaborate sets, and brightly colored costumes; and based on traditional values such as family and religion. India is the largest producer of films in the world and very old film industry in the world which originated around about 103 years ago. In 2009 India produced a total of 2,961 films on celluloid that includes a staggering figure of 1,288 feature films. Indian film industry is multi-lingual and the largest in the world in terms of ticket sales and number of films produced. However, due to high taxes and low prices, It ranks 5th largest in terms of revenue. The industry is supported mainly by a vast film-going Indian public, and Indian films have been gaining increasing popularity in the rest of the world—notably in countries with large numbers of expatriate Indians. For Indian film makers, reaching out to audiences outside of India seemed to be a lucrative route to take. Going global could translate into greater sales, higher profit margins and added visibility...
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...Resources Department 6 4.1. Managing Workforce and Retention 6 4.2. Work Culture and Diversity 6 4.3. Stress 6 4.4. Maintaining Ethics and Values 6 5. Internal Factors affecting Human Resource 6 6. External Factors affecting Human Resource 7 7. Emerging Human Resource Trend in UAE 7 8. Recruitment Trends 7 Bibliography 8 1. What is Human Resource Management? Human Resource Management is a department of an organization that focuses on internal factors of the organization like recruitment, management of employees and provides direction to the workforce. Human Resource Management also takes care of the benefits of the employees such as compensation, safety, wellness, training and motivation towards work. In other words, Human Resource Management is comprehensive and strategic approach to manage workplace people and maintain the environment of the organization effectively. (Susan, 2014) 2. Brief Introduction of Abu Dhabi Aviation Abu Dhabi Aviation is the one the largest commercial helicopter operator in the Middle East situated in Abu Dhabi, United Arab Emirates. Abu Dhabi Aviation has its base in Abu Dhabi International Airport. Abu Dhabi Aviation began its operation with 2 helicopters in the year 1976. In last few decades, the company has expanded its fleet size to 61 helicopters and 3 fixed wing aircraft, having its operations in almost all parts of the Middle East and overseas. Abu Dhabi Aviation provides services to major oil,...
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