However, in some culture, such practice may be taken as a rude process. For instance, being indirect is a form of politeness in Japan. But such will be seen as nothing but a form of dishonesty in the American business scenario.
How to Approach Foreign Markets from the Perspective of Culture
In the event of conducting business relationships, there are a number of strategies that business parties can use to approach the foreign markets from the perspective of culture. Some of them are the following:
Prior learning of the culture of one foreign business party will not do any harm to the other.
Before conducting business with a party from another region, it will be helpful for international companies to learn some cultural background of the other part. It is important to consider that not every people, especially between those that come from totally different cultural background, have similar regard for culture. Hence, it is always safe to think that the culture of other is very important to them.
Use the perspective of culture as an important factor to consider when deciding to have business with an international company.
Culture sometimes affects how a company grows. When good culture is being practiced in a company, chances are the company has the ability to provide good business relationship with other companies as well as to its customers. It is always important to realize that good culture imbibed within the people of a company in some ways assure that business relationship with them throughout the entire business partnership can flow smoothly.
If possible, attend trainings to learn more about the culture of the other party.
Learning the culture of the other party is both an investment and insurance to consider. To ensure a higher chance of a successful...
2004) outlines some of the cultural mistakes that have come up when taking franchises overseas. He highlights that it is important to understand the different aspects of a foreign culture, for example what things are offensive to that culture and what things are not. Offending locals is a great way to fail in an overseas venture. The example of Richard Nixon basically flipping the bird to the Brazilians is
Practical obstacles like taste can be difficult to predict, in terms of how entrenched they may be, unlike simply adopting to bowing rather than shaking hands on a business trip. Dealing with local corruption is also hard to fully explain in an educational seminar for managers going to work abroad, versus advice on how to dress so as not to offend the local population. Subway is perhaps the best
Cultural Briefing Document Zurich Switzerland The LJ Products Co. is proud to announce that one of our executive staff will be joining our staff in Zurich Switzerland in January of 2012. Mr. Didier Burkhalter will be joining our Zurich staff as chief financial officer. Mr. Burkhalter will report directly to the CEO and other members of the board. To make Mr. Burkhalter feel welcome in his new position it is requested
Despite its conservative image, IBM is known for its philanthropy as well as its technical innovation. Thus, I became an IBMer. My mother, as a woman still struggling with her career in the business world almost thirty years ago, at first disapproved. IBM had a reputation as a male-dominated company -- but male did not necessarily mean misogynist, in my mind. For twenty years, it was my home. Although I
(the Shame of the Nation: Separate and Unequal by Nathan Glazer. The New York Times. September 25, 2005) In the work entitled: "Kozol Discusses "Shame of a Nation" During Hauben Lecture" the author, Brian Whitson states: "The proportion of black students attending public segregated schools is at its highest since the death of civil rights activists Martin Luther King, Jr. is the news related by Kozol to a "...sold out
The solutions are numerous and more diversified. Knowledge is crucial for business success. There are two types of knowledge: explicit or tacit. The explicit type is easily codified, stored and transmitted to other individuals. As opposed to the former, the tacit one is embedded in people. The size of the tacit knowledge is proportional to the diversity of the workplace. Therefore, organizations face the increasing challenge today of finding ways
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now