Cultural Challenges When Entering the Global Market Prepared by: Dennis M. Reilly, Regent University, LDSL 724, Cultures & Values I. Executive Summary Globalization can be defined as the inevitable integration of markets, nation-states, technologies and people in a way that is enabling individuals, organizations and nation-states to reach around the world farther, faster, deeper, and cheaper than ever before. Culture has become a highly significant factor in determining the success
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Executive summary Claytan Fine China (tableware) Sdn. Bhd (CFC) is the only surviving pioneer in Malaysia’s ceramic industry. CFC manufactures stoneware and fine china tableware which contributes part of tableware product line under Claytan Group. The company intends to invest in China as part of its international expansion project. The cultural distance between Malaysia and China is small. Based on Hofstede’s Value Dimensions Framework, China has almost similar cultural dimension compared with
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value development within national cultures has served as an important foundation for this field of international study (Triandis, 2004). Hofstede (1980) originally proposed a framework that consisted of four dimensions: uncertainty avoidance, individualism/collectivism, power distance, masculinity/femininity. He later added a fifth dimension, time orientation (Hofstede & Bond, 1988). Of particular interest in this study is the macro dimension of uncertainty avoidance measured at an individual level.
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Geert Hofstede Analysis Japan | Click Here for Geert Hofstede country scores | The Geert Hofstede analysis for Japan is dramatically different from other Asian Countries such as Hong Kong, Korea or China. In Japan Masculinity is the highest characteristic. The lowest ranking factor is Individualism, which coincides with their high ranking in Uncertainty Avoidance. Japan is a more collectivist culture that avoids risks and shows little value for personal freedom. More Geert Hofstede Details
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advertising message and brand associations. One example, impact on consumer choice, is related to the country of origin (COO) of the product. The effect of COO has been extensively explored in the literature. However, cultural frameworks like those of Hofstede (2001) have seldom been considered as a factor explaining the variability of consumers’ preference (or avoidance) for products originating in different countries. The objective of this research is to identify how cultural aspects affect product choice
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A COMPARISM OF HR POLICIES AND PRACTICES IN CHINA AND PAKISTAN INTRODUCTION The introduction of globalization has brought an awareness of the differences in partaking in business activities from one country to the other and from region to region. This is because policies and structures that guide the successful conduct of business activities vary. Human Resource is the most important asset for any organization as it is the source of achieving competitive advantage as well as the development
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Doing Business in Pakistan 1. Methodology 1. Choosing the topic 2. Formulating the research questions 3. Objective of the Research 4. Research Model 2. Theoretical Framework PEST Analysis Political and Legal Environment Economic Environment Socio-Cultural Environment Technological Environment Porter Five Forces Threats of New Entrants Intensity of rivalry among existing competitors Bargaining
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[pic] MANAGING PEOPLE CROSS-CULTURAL CHALLENGES IN INTERNATIONAL BUSINESS Word Count: 2170 Cross-cultural Challenges in International Business Management has been one of the key elements of companies in most cases. A major responsibility of managers at all levels is to encourage organization members to perform to the best of their abilities in ways that help the organization achieve its goals (George & Jones 2002). In order to do so, managers need to first have an understanding
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Switzerland lies at the crossroad of several main European cultures. The national languages include German 65%, French 18% and Italian 10%, along with Romansh 1%, which is spoken by small minority of the population. (CIA, 2014) As e result the Swiss culture is characterized as really diverse. Moreover, the 26 cantons supplement for the large cultural diversity. Swiss culture has been affected by its neighboring countries, but during the years Switzerland has developed a distinctive one with strong
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HUMAN RESOURCE MANAGEMENT (HRM) IN THE GLOBAL PERSPECTIVE: THEORY AND PRACTICE. BY UKERTOR GABRIEL MOTI (P.hD.) Department of Public Administration UNIVERSITY OF ABUJA INTRODUCTION Human resource management (HRM) is universal in terms of strategies, policies and processes. The term has gradually replaced personnel management. Managing and developing human resources in the international (global) setting is increasingly recognized as a central challenge
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