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Advantages of international expansion
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Business in US and The Czech Republic The purpose of this document is to present solutions and recommendations for Steve Kafka, an American of Czech origin and a franchisor for Chicago Style Pizza, who has decided to expand his business into the Czech Republic. This document focuses on the major differences and incompatibilities between the U.S. and Czech cultures. The script also shed lights on the business risks and mitigation on Czech culture. The paper also talks about the comparative advantages that exist in the Czech Republic and Hofstedes four primary dimensions for Steve to evaluate the Czech business environment.
In this paper, the organizational cultures of Ukrops and Martins Grocery Store. The purposes of this paper are to discuss the similarities as well as the differences in culture between the two organizations such as the employee/customer satisfaction, policies, as well as the benefits each company gave their employees. Also in the paper, the reason why Martins felt a need to buy out Ukrops will be discussed.
A business can either take a step forward or a step back depending on the external and internal influences and how they handle them, they can either flourish or enter stages of degradation and cessation. External and internal influences on a businesses plays a part in the opportunities that arise in the industry the business operates in, otherwise the business may choose to venture out of it’s defined industry depending on the opportunities at hand. Businesses are affected by internal and external influences to a degree where they are either benefiting or suffering from the way they handle opportunities that arise. The five articles depict the problems encountered by businesses no matter their size or industry.
There are many factors to consider when deciding to do business with another country. The United States is one of the top industrialized countries and is highly involved in trade and investments. In evaluating a countries economic situation you can learn a lot about the risks and benefits of doing business with or in that country. For the United States to do business with Guatemala the factors to be considered include: international trade, exchange rates, Foreign Direct Investment, Economic structure and performance, cultural complications, as well as Social and Political stability.
With globalization in full force nowadays, it is crucial for a businessperson working in the international setting to understand how business practices vary in different countries. Showing the understanding of other cultures and showing an effort to adapt to their business customs can make or break any negotiation. In order to ensure success during meetings and presentations, this short guide will outline the main aspects and differences between the United States’ and Japanese business practices with regards to the business attire, meetings and negotiations, salaries and benefits and finally the popular careers in Japan.
The Business Attire in Mexico is similar to that of the United States. Standard office attire for women includes dresses, skirted suits, or skirts and blouses. Femininity is strongly encouraged in women's dress. However nothing revealing should be worn in public or to a meeting. Women business travelers will want to bring hosiery and high heels. They will also appreciate a light coat for evening wear.
Each country has its own culture, with subcultures inside the dominant culture (Schaefer, 2009, p.69). “Culture is the totality of learned, socially transmitted custom, knowledge, material objects, and behavior” (Schaefer, 2009, p.57). Values, artifacts, and ideas are also part of culture (p57). With globalization there is the integration of these cultural aspects, as well as language, social movements, and ideas throughout the world (Schaefer, 2009, p.20). Internationalization helps with this integration. Internationalization is the process of planning and implementing products and services so that they can easily be adapted to specific local languages and cultures (Linfo, 2006). Numerous American retail firms have expanded to other countries. Many have been quite successful due to their internationalization. However, failure to study the culture, retail practices, and consumer market of the country they intend to expand to can be quite costly. Although Home Depot is one of the world’s largest home improvement stores, their expansion to Chile cost them enormous financial loss, resulting in their divestment (Bianchi & Ostale, 2006, section 1, para3). This paper will look at successful international expansion of Home Depot stores, analyze what mistakes were made in Chile, and make suggestions of what could have been done differently.
The rest of the book is spent discussing each of the countries in detail. For each country the authors give a brief explanation of the history of the culture. Then they give tips on what each country expects from a visiting businessman. This includes tips on whether or not it is okay to be late for meetings, proper behavior during a business lunch or dinner, and how to properly address people you come in contact with during your business trip. They also give a guide t...
Executive Summary To be given an opportunity to do business in Mexico, one must understand where to start and how to deal with a totally different social and cultural environment from what one is accustomed to. To succeed in making a good first impression and in carrying out any type of business transaction, it is important to understand what these differences are. When conducting business in Mexico, there are specific things that must be understood and complied with. Just understanding how important building a relationship is, such as shaking hands and exchanging pleasantries, can have a huge impact. What could potentially be the start of a bad or mediocre business trip now has the possibility of being a successful one.
International Business is an important aspect for the world’s economy. Interacting with other countries connects the world in ways for both the government and for the citizens. Each country the United States connects with influences our country in both positive and negative ways. But one of the most prominent countries that the US does business with is Switzerland. A country comfortably settled in the middle of France, Germany, and Italy, it has made a positive effect on America’s economy and culture. Understanding Switzerland’s culture is an essential piece of knowledge to successfully do business with them.
The importance of culture in International business today cannot be underestimated and it is imperative that attention is paid at strategic, organizational and the individual levels. The “Blue Ridge Spain” case elucidates these at all three levels. My analysis of this case is from the perspective of the Spanish corporation, Terralumen S.A. National culture is the shared implicit beliefs and tacit values that truly differentiate one cultural group from another. I will be using Geert Hofstede’s frame work to deconstruct this case into its separate dimensions.
The differences in cultures between Sweden and Italy had already become apparent in 1993, when Pharmacia merged with an Italian pharmaceutical company, however the inclusion of the American company into a corporate culture which had only so recently been developed and accepted by employees of the companies involved in the original merger created further cultural confusion. “Communication problems, beyond the obvious language differences, became a real barrier to honest dialogue”. This quote, coming from one of the American representatives of Upjohn goes to prove that there was an obvious problem with the interaction between managers of the three countries involved in the deal.
A major challenge of doing business internationally is to adapt effectively to different cultures. Steve Kafka, an American of Czech origin and a franchiser for Chicago Style Pizza has decided to expand his business to Czech Republic. This is a risky decision and Steve anticipates he will face obstacles as he goes about setting up the new pizza outlet at this new location, Prague.
“Red is a positive color in Denmark, but represents witchcraft and death in many African countries,” (Understand and heed, 1991, p.1). Simple understandings, such as this one, can make the difference in a business’ success or failure in a foreign country. Various countries have different customs and beliefs that need to be accustomed to when business are to be successful. American businesses especially have difficulties with this concept. “At times in the past, Americans have not had a good track record of being sensitive to cultural distinctions,” (Understand and heed, 1991, p.3). Perhaps this is because America is made up of so many different cultures that American people have become so used to easily adjusting to each other’s differences that they forget that other cultures are not as flexible. Today, more American’s are becoming more sensitive to the differences of other cultures. This sensitivity and understanding has come with a price, after a long string of business failures. It is not until a business fails miserably in another country that they see the adjustments that should have been made in order for their success to be a possibility. With an understanding and sensitivity to the customs and beliefs of other cultures, it is possible for successful businesses that have originated in western cultures to also be successful in foreign countries as well.
French Business Report Christa M. Hudler Lenoir Community College Abstract In France, women are treated as equals to men; however women in business differ when compared to business men. French business practices are very formal in all aspects. French business wear is similar to that of America; however French business clothing differs slightly for women. Communication with the French is similar to communicating with any other foreign country.
Mexico is a developing country located in the southern region of North America. Mexico is a country with about one hundred and twenty million individuals, making it a great candidate for IKEA to spread into. Mexico has the fifteenth largest nominal GDP and the eleventh largest by purchasing power parity. (wikipedia , 2015)The Mexican economy continues to grow at a moderate annual rate of growth of 2.4 percent as the economic recovery lost steam during the first half of 2015. (worldbank.org, 2015)