...Spain Country Report Feb. 14, 2013 Doing business in a foreign Country can be a very difficult thing to do if you are not familiar with proper business etiquette in the Country in which you are doing business. It also helps to have a good understanding of family life and the culture, ad well as social customs in the new country. This report will tell you, our valued employee’s, how to be successful in Spain, the home of our newest expansion branch. The figure to the left shows the current trends in the unemployment rates in Spain compared to the US, Portugal, and the UK. It is very important with the constant rise in unemployment in Spain that you go to the new branch prepared and therefore everything in this report should be considered important. Business Etiquette The first thing that you need to know when doing business in Spain is how to properly introduce yourself in a business setting. The most common and accepted way to professionally introduce yourself in a business setting in Spain is with a firm handshake with direct eye contact being kept throughout the gesture. Men should wait for women to extend an offer to shake hands if she wishes. When verbally addressing people in the business setting “Try to address people by their title and last name until invited to do otherwise.” (Coleman, 2011) For people in Spain, calling them by their title and last name is a sign of respect and this will go along way with them. These are two small things that will gain you the...
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...introduction Officially identified as the republic of India, India is the seventh largest country in tern of area and the currently the second most populous country with over a billion people residing in the region, as a democratic country after the British rule, the Indian culture plays a major role in the development and operational structure with regards to its economic development. Language, food, religion, architectural structure and the overall way of living is primarily influenced by their culture orientation which is made up of several culture from the Indian subcontinent over a long period of time implying their strong view of culture in every practice including business and commercial activities. The economic environment in India is fast paced in terms of development however its full potential is not met and the reform by the government has been limited, the institutional shortcomings continue to undermine the current level of development, therefore consideration of investment in India should not be limited to the overall outcome but critically valued. In recent decades India has been largely viewed as an outsourcing destination where companies from other countries mainly ones that has high cost of labour, move their businesses with the aim of cost reduction through the transfer of work, given the high population in the country the average level of graduates will be high, so the ability to transfer educated graduates who speak fluent English is in high supply and...
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...BUSINESS CULTURE OF UK K2014 5/1/2014 EXECUTIVE SUMMARY In this executive report, key cultural benefits of UK are evaluated. When we intend to start business in any country it is very crucial to have knowledge of business culture of the country. Culture defines the complex of distinct elements from a spiritual, material, intellectual and emotional point of view, which describes society or a social group. Furthermore, the culture includes not only art but literature as well as the community’s way of life, the fundamental human rights the values systems, the traditions and the beliefs. A businessman or an entrepreneur must have knowledge about the business custom, legal and political issues to get competitive advantage. He must analyze economic, investment or market areas and also identify the customer preferences, living standards, income pattern, GNP, GDP, inflation rate and tariffs etc. This country-specific research gives a comprehensive description of British business culture which will be helpful to interact more effectively with British clients and colleagues. TABLE OF CONTENTS Introduction ----------------------- 03 Culture objective ----------------------- 03 - 04 The Culture Analysis -----------------------...
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...Doing Business in Germany September 12, 2015 Doing Business in Germany Conducting business abroad in Germany introduces a different culture and different practices. Before committing to doing business in Germany it is important to consider factors such as differences in location, language, culture, meeting etiquette, negotiation styles and business protocol. If these considerations are addressed before hand a business endeavor in Germany will have a better chance of succeeding (Varner & Beamer, 2011). Germany is a federal republic located in central Europe. Germany is the eighth largest country in Europe after Russia, Turkey, the Ukraine, France, Spain, Sweden, and Norway. It is located centrally on the European continent and borders nine other countries: Denmark, the Netherlands, Belgium, Luxembourg, France, Switzerland, Austria, the Czech Republic, and Poland (Chow, 2015). With the biggest population of all the European Union countries, Germany’s population density is one of the highest in all of Europe at over 230 persons per square kilometer. The UK, Netherlands, and Belgium are the only countries in Europe with a higher population density (Chisolm, 2011). The official language of Germany is German. As would be expected, the majority of German citizens speak German (over 100 million people). Some minority languages in Germany include Danish, Sorbian, Frisian, and Romany. Turkish, Kurdish, Polish, the Balkan languages, and Russian are the most commonly spoken...
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...utilities Information assets (owned by Manager or MIS) ‘Information’ means information held by the Company on its own behalf and that entrusted to it by others. The following are examples of the media which may contain or comprise information assets. • • • • • • • • • • databases and data files system documentation user manuals training material operational or support procedures continuity plans and fallback arrangements back-up media on-line magnetic media off-line magnetic media paper Services • • computing and communications services (owned by MIS) heating, lighting and power (owned by Manager or Building Services Manager) 1 17/01/03 First•Base Technologies Town Hall Chambers High Street Shoreham-by-Sea West Sussex BN43 5DD UK Tel: +44 (01273 454 525 Fax: +44 (0)1273 454 526 info@firstbase.co.uk Guidance on Information Classification Categories for classifying document security Category 1 : Routine (non-confidential) documents Description: All documents of a routine nature. Effects of disclosure: No measurable damage to the company or a department. Examples: Normal memos, routine reports, circulars. Estimated occurrence of this classification: More than 80% of all documents would be within this class. Recommended marking of document: This is the default class. Therefore, there should be no need to mark non-confidential material, and all unmarked material would normally be expected to fall in this category. Recommended electronic...
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...Nuances in Bulgarian business culture in comparison with the United Kingdom’s Course work in Cross-cultural issues in the European Human Resource Management Prepare by: Dimitar Arnaudov, Faculty number: 1523078 Course: European business and Finances Sofia, 2015 1. Differences between national cultures. Authors, studies, etc. 2.1. Culture (def.); Culture differences. 1.1.1 Culture – def.; 1.1.2 Culture differences. 1.1 Authors and studies related to business culture. 1.2.1 Geert Hofstede; 1.2.2 Famous studies around the World. 2. Similarities and differences between the business cultures of Bulgaria and the United Kingdom. 2.1. Bulgarian business culture; 2.2. British business culture in comparison to Bulgaria’s . 3. References. Differences between national cultures. Authors, studies, etc. Culture (definition) and culture differences Culture illustrates the accepted norms and values and traditional behaviour of a group. One definition of culture by Deal and Kennedy is “the way a we do things around here”. However, culture also evolves over time. The culture of each country has its own beliefs, values and activities. In other words culture can be defined as an evolving set of collective beliefs, values and attitudes. Culture is a key component in business and has an impact on the strategic direction of business. Culture influences management...
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...Table of contents Introduction…………………………………………………………………………………. 2 Study program …………………………………………………………………………….. 3 The educational culture…………………………………………………………………..5 The facilities of the INSEEC (paris)……………………………………………….. 6 The City and surrounding ……………………………………………………………….7 The French culture, customs and etiquette……………………………………….9 Interview International students ……………………………………………………14 Personal statement about going abroad in 3 year.......................................17 Partner universities ……………………………………………………………………….18 Project in general (conclusion)………………………………………………………..19 Introduction In this project we gone a be actively involved in internationalization in an early stage of our studies by talking to people abroad . Of course to find out more information about educational systems. We think it is very important to have a clear goal and what marketing related. An important goal is: by (marketing) researching find out more information what possible fellow students abroad think it is very important in education. Information that is Useful for the international marketing department so that they can see if they can welcome even more international students. We hope after this project to have enough information to respond to these following questions: . What is the image of the FEM, when seen internationally? . What are the expectations the students willing to go abroad? . How does our university partners base his...
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...Management of Soft Skills @ Campus Placement ABSTRACT Every student pursuing a professional career in engineering/management or any other stream has an ambition to obtain a challenging job in a company of repute (a brand name) and make a successful career. The eligibility of any student for campus placement although decides on the basis of his current and past academic performance (i.e. 10th and 12th marks) but his success in the interview is mainly depend on the technical knowledge and mostly on presentation / communication skill/general awareness. This implies the importance of soft skill knowledge at this stage. Basic campus placement activities conduct in three phases. 1. Technical or subject Test 2. Group discussion 3. Personal Interview A group discussion or GD conducted to test following skill of the candidates. • Interpersonal skill-listening, speaking, receptiveness, team spirit etc. • Clarity of thoughts-knowledge and ability to link known fact • Communication skill- coherence And the interview process to evaluate the candidate on various aspects such as goal, attitude, and motivational level ability to react the situation etc. This also helps company to assess the cultural fit between the company and students. This paper will elaborate on exact soft skill required for the students who are ready for placement i.e. final or pre final year students of the college based on four important factors...
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...For the modern business ethics are a priori questions of corporate social responsibility. Opinion that the financial well-being of the least compels her to ethical behavior, is fundamentally wrong, the very life and business practice postulated the following statement: "Good ethics is good business." Otherwise, a negative reaction on the part of customers and partners will inevitably lead to a significant reduction in the profitability of the company, and widely disseminated by the media unsavory reputation will lead to a lack of any credibility. Nobel Prize winner Milton Friedman wrote that "the true role of business! "PICs in its use of energy and resources in activities designed to increase profits, provided that it adheres to the rules of the game ... participate in an open competition, without resorting to fraud and deception." Ethics imposes restrictions on the business system, being the moral rules and practices of a given society. Business Ethics - Business ethics based on honesty, openness, fidelity to one's word, the ability to function effectively in the market s compliance with applicable laws, rules and established traditsiyami.22 Experience confirms the importance of international business to business ethics in shaping the success of the company. So, dishonest behavior of the firm Coca-Cola, cases of bribery of competitors as compensation in lawsuits with them cost the company market share, given away Pepsico, as the latter had evidence information about the...
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...Jacob Jones January, 21st, 2015 Lab 1 Culture Country of Choice: Italy Individualism The fundamental issue addressed by this dimension is the degree of interdependence a society maintains among its members. It has to do with whether people´s self-image is defined in terms of “I” or “We”. In Individualist societies people are supposed to look after themselves and their direct family only. In Collectivist societies people belong to ‘in groups’ that take care of them in exchange for loyalty. At a score of 76 Italy is an Individualistic culture, “me” centered, especially in the big and rich cities of the North where people can feel alone even in the middle of a big and busy crowd. So family and friends becomes an important antidote to this feeling; but the word “friend” should not be misinterpreted because in business it has a slightly different meaning: someone that you know and can be useful for introducing you to the important or powerful people. For Italians having their own personal ideas and objectives in life is very motivating and the route to happiness is through personal fulfillment. This dimension does vary in Southern Italy where less individualistic behavior can be observed: the family network and the group one belongs to are important social aspects, and rituals such as weddings or Sunday lunches with the family are occasions that one can’t miss. People going from Southern Italy to the North say that they feel cold not only for the different climate but for...
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...Background Information: MTV (short for Music Television), which pioneered the concept of a cable music channel, was launched on August 1 1981. At the time of its launch, the MTV channel primarily catered to those in the 12 to 24 age group, airing heavy metal and rap music, although it expanded into several different niche markets through the establishment of alternative channels, such as VH1 and Nickelodeon, in conjunction with airing reality TV shows. In 1986, MTV was acquired by Viacom inc. and started to expand its operations through the global marketplace through a “Think Globally, Act Locally” strategy. The channel MTV Arabia was formed as a result of a licensing arrangement between MTV and AMG. MTVN (MTV Networks) launched MTV Arabia on November 17, 2007, in partnership with Arabian Television Network (ATN), which is part of the Arab Media Group’s (AMG) Arabian Broadcasting Network (ABN). According to analysts, MTV’s success in the Middle East was contingent upon a tactical balancing between delivery of international quality music and the culturally sensitive environment prevalent in the region. The Fundamental Management Issue: The key fundamental issue within the MTV case study is to determine whether localisation is needed to be successful in the market in conjunction with maintaining the MTV global brand and product. This is an issue since the market that MTV was entering, the Arabian market, presented a different cultural and socio-ethical construction from which...
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...Europe is one of America's main business and political partners. America has made a huge financial investment in Europe, going back to World War II. However although many American companies have trading partners in Europe, they need to understand that there are major political and social differences when it comes to doing business in Europe. Human Resources managers, who usually are the ones who end up smoothing over ruffled feathers, should prepare themselves to deal with a new field of HR problems. This paper will discuss some of the HR challenges American companies doing business in Europe and how they can overcome them. A different political and Economic landscape Although Europe, and Britain in particular, is America's closest political and economic partners, many Americans have not ventured abroad. HR managers will need to understand that they will probably have to give American executives a short crash course on Europe's political and social landscape. While Europe is about the sized of America, it is made up of several individual countries, each with it's own language and culture. Although many parts of the European union have a common currency (the Euro) and constitution, the different nation states still retain their own individuality. Most Americans executives will probably find it easier adjusting to work life in Britain, with it's common language. HR managers should note that the southern European countries such as Italy, Spain and Portugal, have...
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...By Mashell Chapeyama Effects of globalization in Zimbabwe Zimbabwe, like other countries, has been affected by globalization. The first thing is that the welfare of the people in the country improved. There is good medication that is coming from other countries. During drought periods we get food from as far as America. China has been contributing also to the country. A lot of funds have been donated to the country. This fund was used to assist in education. So many children are now learning in the country. The life expectancy of the people has also improved due to medication and good food that is coming from other countries. There has been an improvement in the development of the country. We have received new technology from other countries that have led to economic growth. For example, in Zimbabwe about fifty percent of our fuel now comes from bio-sources. Fuel is now being made from plants. This has led to the creation of employment. The rate of employment has increased of late. New technology has flowed in the country. We are now able to use solar energy, wind energy and hydropower due to globalization. Due to globalization the political system has changed in my country. We have now adopted democratic type of governance. This is as a result of the influence of organizations such as United Nations. Regional blocks also emphasize on the need to be democratic in governance. One negative impact has been that of environmental degradation. Due to demand of products by other...
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...Management Articles of the Year January 2013 With a foreword by Sir Paul Judge In association with Contents Page Foreword Introduction About the articles Article 1 Improving the Quality of Working Life: positive steps for senior management teams Article 2 Failure, Survival or Success in a Turbulent Environment: the dynamic capabilities lifecycle Article 3 A New Role Emerges in Downsizing: special envoys Article 4 Only a Click Away? – What makes virtual meetings, emails and outsourcing successful Article 5 Closing the Needs-to-Offer Gap: customer relationship management in retail SMEs Acknowledgements 3 4 6 7 13 20 25 31 38 Copyright Chartered Management Institute © First published 2013 Chartered Management Institute 2 Savoy Court, Strand, London WC2R 0EZ All rights reserved. Except for the quotation of short passages for the purposes of criticism and review, no part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior permission of the publisher. British Library Cataloguing in Publication Data A CIP catalogue record for this report is available from the British Library ISBN 0-85946-458-x Foreword The way that people in positions of authority exercise leadership and management has a decisive influence on the performance of their own organisations and therefore of the wider economy. It has been estimated that...
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...Hasan Hajibrahim International Business “BUSH03” Starting business links with China Report December 16, 2013 Table of contents: Page number Introduction (Motivations to International Business) …………….… 1 Commercial Laws in China …………………………. 1 & 2 Foreign business entities in China …………………………. 3 Facts about China …………………………. 4 Estimating Market Potential …………………………. 5 Market Segmentation …………………………. 5 Marketing Management …………………………. 6 Pricing …………………………. 7 Advertising …………………………. 8 Personal Selling …………………………. 9 China’s Economy and Trade Statistics …………………………. 9&10 China’s Reform Plan …………………………. 10&11 Arguments and Conclusions …………………………. 11 List of References …………………………. 12&13 Introduction Motivations to International business: The need to enter new markets and stretch business internationally can be motivated either proactively or reactively; as discussed by Czinkota, Ronkainen and Moffett (2011:430-432) the proactive motivation is driven by; the directive to increase profits; achieve business growth cross borders; having unique products that are in high need in the international markets; tax benefits that can result in higher profit margins and lead to reducing cost prices; also when a business have access to exclusive information in the international market. The reactive motivation is generated by the adaptation of a business to imposed external...
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