Impact Of Ethnocentrism On Foreign Areas And Variable Responses Of Economies At The Same Time

Mongolians are proud, self-confident, and independent in disposition therefore it is important to avoid ethnocentricity in dealing with their local culture and people when doing business projects. The condescending attitude or belief that one's ethnic

Ethnocentrism is the tendency to assume that ones own culture and way of life represents the norm or is superior to others. Americans in particular tend to be very ethnocentric in part because the United States has been perceived as a superpower for most of its existence, and in part because of the global influence of American media. Patriotism and love for ones country is also instilled in Americans from an early age to a greater extent then in other countries. For example, American children recite to the pledge of allegiance to begin each new school day and the national anthem is played at most sporting events.

For any international organization, understanding cultural differences is very significant in the global context. The article analyzes the role and impact of the cultural perspective when dealing with conflict in the global context. “What seems like a perfectly reasonable approach in one culture may seem ridiculous, disrespectful, inefficient, or unfair to managers from other cultures. Japanese and German managers may be uneasy with conflict resolution preferences that differ from their own.” (Adams, p.110.) The understanding that organizational and global cultures vary results in the connected research supported in several businesses in diverse fields.

The United States of America was founded on July 4, 1776. Seeking a life free of the British Government, a host of immigrants founded a new nation. Because the United States was created by the migration of people from various parts of the world, it is sometimes described as a “melting pot.” Along with their personal possessions, these immigrants brought their respective cultures and traditions as they meshed together into a new society. Despite being categorized together as citizens of the same country, the independent traditions and lifestyles of humankind have created challenges throughout history. It is important for Americans to share a sense of pride, patriotism and loyalty. Equally important, however, is the need for respect regarding differences and individualism. Ethnocentrism is a barrier between understanding culture and diversity.

International business meshes across multiple domains most notably market entry strategies and sociocultural variances. Factoring in those two critical aspects and giving them the right amount of attention is the separating line between success and failure. Terralumen, Blue Ridge, and Delta are all successful companies; However, by not observing the basic requirements of

The basic insight of the sociological perspective is that the world does not consist of a reality that everyone sees in exactly the same way and that each and every one of us possesses our own individual social construction of reality (the sum total of our life experience, observations and thoughts.) The Micro level of analysis is that which pertains to the individual and the macro level applies to the larger society.

ECL manages cultural diversity by having “Constant respect for people” and “Uncompromising integrity”. (Wo, 2001) A significant number of companies that have ventured into international business did not attempt to adjust to the foreign culture and rather tried to take the ‘business

In this assignment, we aim to investigate in which extent an organisation must appreciate cultural differences before entering a market.

The five weeks of the Cultural aspects of international business course have been a truly enriching life experience for me. I must admit that I was a little skeptical about the value proposition of the course as I thought this was going to be one of those purely theoretical pro-diversity lectures with no potential for practical application. However, the fact that Professor Lane co-authored the textbook intrigued me so much (I have never had a Professor who actually wrote the textbook for the course) that I decided to give it a chance and sign-up for the course.

Sometimes cultural difference between countries can cause a negative impact when conducting free market businesses. According to the textual evidence, economic advancement and globalization may be important factors in society change. The culture of societies may also change as they become richer because economic progress affects a number of other factors, which in turn influence culture.

In doing business so many times an organization must think globally. This might be done to increase sales and/or profits or to lower labor costs. In either case problems can occur due to ethical and cultural barriers in global expansion. In this paper I will attempt to show some of what a global organization and a cultural issue that affects their interactions outside the United States by identifying and comparing some of these cultural differences.

WalMart's approach to global expansion exemplifies the journey of self-discovery many corporations who have a stable, profitable domestic base of operations go through as they attempt to enter new markets globally. For WalMart this meant confronting the exceptionally high level of ethnocentrism in their organization while also using their analytics-based prowess to better understand cultures, not just costs and profits (Ming-Ling, Donegan, Ganon, Kan, 2011). The intent of this analysis is to define how WalMart overcame a significant series of challenges and successfully launched into China, overcoming an ethnocentric mindset and tendency to rely too much on analytics alone in guiding global expansion.

After World War II, some ambitious leaders advocated the establishment of an effective mechanism to stabilize the world order. One of the ways to maintain the international order is to prevent the disintegration of the world economy (Seitz, 1995, p. 26). Under such a background, the World Trade Organization (WTO) was founded, and then accelerated the development of economic globalization. As there is an inseparable relationship between economy and culture, the more the trend of economic globalization accelerates, the faster the trend of various culture globalization blends (Seitz, 1995, p. 27). Collisions between various cultures may have different consequences. Some scholars think that the long-term results of culture clash might lead to

According to the works of Chaney & Martin (2011) and Harris & Moran (2000), they agree that international management skills are in need for the increasing scope of international trades and investments. A large number of multinational companies have expanded their businesses through both developed and developing countries. Some of the business invest directly and others are partnership arrangements and strategic alliances with domestic operations. Their studies show that independent entrepreneurs and small businesses have started investing and competing in the world marketplace. Thus, to acquire corporations’ objectives, there is exceedingly a necessity for the development of strategic framework for cross-cultural management and communication in the current competitive global market. Chaney & Martin (2011) also noted that, cultural awareness and cultural differences are strongly important to the multinational corporations’ success. A good understanding of the culture where business is implemented can make international managers productive and effective.

The most challenging decision that a company may face in internationalization is the degree of standardization or adaptation in its operations. The question of standardization or adaptation affects all avenues of a business’ operations, such as R&D, finance, production, organizational structure, procurement, and the marketing mix. Whether a company chooses to standardize or adapt its operations depends on its attitudes toward different cultures. These attitudes are defined by three orientations toward foreign culture: ethnocentric, polycentric, and geocentric.