Global Business Challenges Of New Zealand Essay

It is no longer feasible that a corporation can successfully move through the global marketplace without learning to recognize the cultural norms of each country. It falls to the executives and managers to implement these changes and to ensure that their companies are working to move towards a more inclusive, and ultimately, more profitable way of doing business that appreciates and respects all cultures and work

Since people and customers to be specific come from different cultural backgrounds, considering and understanding the cultural background and practices of every market niche. In ensuring that the organizational activities do not conflict with the cultures of clients and that they suit the needs of the cultures, the following would be done by the organization;

In a time of global commerce, new business ventures can take on many forms. What used to be local or even national companies have become world-wide. International growth of a business can be extremely beneficial but is not without its challenges. Different countries have different peoples and different cultures - different ways of doing business altogether. If a venture is to be successful, these differences must be well understood.

Business organizations face many different challenges. The following are some of the challenges faced by today 's company 's: competition, decreased profits, raising employee performance, enhancing leadership, increasing customer base, allocating resources, delivering better service, increasing efficiency, increasing shareholder value, reducing costs, and customer satisfaction

There are many cultural and ethical differences between countries and it is important for mutual trust and respect that no organization try to strong-arm another into their way of thinking or take a position that their culture is more valuable than the other. According to Pitta, Fung, and Isberg (1999), it is vital for success to have a basic understanding of the culture and the expectations within cultures as they affect all business transactions. Failing to understand and consider the cultural differences will likely result in failure.

Making business abroad can be risky, but it can also be profitable for a company as well; thus the necessity to study in deep the country where the company will bring the business to. International companies are faced with many cultural challenges, when doing business across and inside of different borders. Identifying the significant cultural issues involved when evaluating the attractiveness of a particular location as a place for doing business can be crucial for a business. Aspects to consider when studying culture in a new place

In this ever-changing world, we have experience a rapid growth in globalization. From Americans working in foreign countries, to foreign exchange students, we have seen an abundance of inter-cultural work places or interactions in the past few years. Individuals are often not prepared for these new cultural experiences. This paper will discuss cultural sensitivity, and how the lack of understanding of difference can hinder

United Kingdom has adopted a cultural marketing philosophy that emphasizes on high service, high image and high quality. Local subsidiaries can be found globally, having come from Shiseido Deutschland, Shiseido Australia and Shiseido France. In every case, Shiseido works to incorporate itself in the local community, contribute to the community’s wellbeing and localize its operations. To guide its fragrance business globally, Beauté Prestige International (BPI) was established in 1990 in Paris. BPI worked with globally-famous designers and soon created highly successful fragrances. In 1991, Shiseido established the first European factory in France, Gien. Fragrances and skin care products were produced. In all its planning, the facility had a desire to sponsor local social and cultural events. There is an emphasis on growing community and adding on god corporate citizenship (Ganesh, Kumar and Kotabe, 1996). Shiseido has been able to sell its products in UK, Sweden, France and Italy. Shiseido is an apt example of how companies intending be global should act. Before marketing their products in foreign countries, there is a need to do comprehensive studies and understand cultural differences that exist. Failure to do this, a company might be criticized and incur sizeable loses. In addition, working with the local community is particularly beneficial in ensuring stability in the foreign country.

In international business the topics of diversity and culture is one the most important strategy that needs be address. Making the decision to outsource for profit gain will not necessarily happen if preparation of cultural change is not in place first. What is values and a norms in a company’s country may be offensive to other social groups of people. For example, in Germany lack of attention to diversity and culture had a serious impacts on Walmart’s position. It build frustrations to both the employees and customers that played a major role in the downfall of Walmart in Germany.

Lawrence, A.T., & Weber, J. ( 2014). Business & society: Stakeholders, ethics, public policy (14th ed.). New York, NY: McGraw-Hill Irwin.

Many industries and privately owned business face several fulfillments, as well as challenges and obstacles. Without challenges and obstacles to jump through, what would make a professional business goals exciting, but yet troubling at the same time; that a company wants to just forefeet as an alternative? When challenges arrive one of the best things that companies can do, is look back at what has been accomplished, turn to their mission and vision statements, ultimately stand up and focus on what it stands for and review their SWOT analysis to where and what can be differently to secure their achievements and/or make operation stronger.

In this era of globalization, many companies and organizations often heavily dependent on the international trade which are the main industry to keep their business running. Indeed, even with information on how the business can grow internationally, some business frequently fails to keep up the importance of cultural understating in the business itself. Further, it is often leads to the lack of understanding and decreasing of performance to achieve its goals. In this essay, the writer will describe the importance of understanding the cultural difference in business communication. Further, the writer also emphasizes on the three major issues that is commonly forgotten, such as Cross cultural communication issues, workplace etiquette issues, and organizational hierarchy. In addition, the writer then gives an example of the company who fails to understand the cultural difference in an organization or businesses.

While most companies may only highlight their successes to the public, it’s important to understand that every business has its own group of challenges. The key is to recognize the issues and take the necessary action to move forward.

1. The most significant challenge to business success you see in this rapidly changing global economy;

First, one of the major problems global businesses are facing currently is communication difficulties and cultural differences. According to Hult News, it falls to number eight around the world on their list of problems (Hult News, 2017). The problems with communication difficulties and cultural differences are people are different all around the world. They speak different languages, eat different types of food, and have different religion methods they follow. A tremendous problem is people 's behaviors and attitudes toward different issues. Some people have very strict rules on how they handle business matters and others are lenient (Hult News, 2017). In my opinion, we are living in the year 2017 and need to be more open-minded regarding