Multicultural Business
Multicultural Considerations in Business
There are many different impacts that culture has on the way business is conducted; cultural systems of values and beliefs lead to specific interpretations of events and interactions, and different demands and expectations for business relationships often exist for individuals from different cultural backgrounds. Engaging in international and multicultural business requires a level of understanding and awareness of specific cultural issues that might arise due to different customs, perspectives, and values, and a general awareness of the influence of culture is a good thing in business as well as it allows for ongoing learning and consideration without rushing to judgment. Through both a specific and a general understanding of cultural issues in business, more effective strategies for conducting business on an international level can be developed and implemented. The following paragraphs provide specific examples from four differently cultures, identifying the importance of cultural understanding in all international dealings.
In Saudi Arabia, familial ties are an immensely important part of most businesses, and end up dominating most domestic business partnerships in the world of finance and medium- to large-scale corporate enterprises (Long, 2005). What might be considered unfair or inappropriate in terms of family ties between different businesses and in making deals is considered natural and commonplace in...
The office and administrative expenses would remain constant even to that point, as would the insurance expense. Exhibit B: Cash Flow Statement, Year Two At this point, the business is earning a healthy return and Mr. Ahn is receiving will be able to bring in a reasonable salary. The nature of the business may well change at this point. At the maximum revenue of $144,000 per year the pretax profit would
Multicultural Workforce Multiculturalism is rapidly becoming the norm in today's business climate. Globalization has forced companies to begin marketing worldwide and the result is that companies must diversify their workforce in order to successfully compete on the world stage. Companies such as McDonald's, Coca-Cola, Google, General Motors and many more have all entered the globalization era by diversifying and creating a multicultural workforce. A multicultural workforce can mean different things to different
Kent's options are to go ahead with the original plans, to modify the game or to take the game to other markets where marketing it would not be considered a violation of the company's social responsibility. Sex, violence and gambling are all controversial subjects in the United States, but all have significant commercial value. Some groups feel that these are negative attributes and should not be commercialized, while others view
As a result, we expect to hit the market with premium pricing. The price point will also be set in accordance with the data gathered from our target market research. A promotional message will need to be finalized and an advertising agency selected in order to help us build our promotional campaign. The promotional message will vary depending on the target market, focusing on different elements of the product. Two
" According to Short, Williams, and Christie (1976; cited by Van Den Hooff, Groot & De Jonge, 2005), Social Presence Theory notes that "communication media differ in the degree to which they can communicate (or simulate) the social presence of the communication partners through the use of social cues (both verbal and nonverbal cues)." This theory purports that if a medium can only communicate limited social cues, communication partners do
Business The Inclusive Workplace In the modern business world employees expect more and have more rights than ever. To accompany this, employees are seen as core contributors to an organization. The workplace has changed from one where employees blindly follow the guidelines of the company to complete tasks, to one where employees are central to the organization. Employees are also more educated than ever before. In recent decades, issues like employee empowerment, collaboration,
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