How cultural differences impact international business? 2. Describe the types of economic systems. 3. Why do governments intervene in trade? 4. How does political aspects affect international businesses? 5. How does political aspects affect international businesses?
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- Multinational enterprises are supported by strong and effective institutions tosucceed in business.i. What do you understand by the concept “institutional framework”?ii. Certainty of a business environment determines a firm’s success. Examinehow the various types of institutions that reduce a firm’s uncertainty.Moving from markets that are anchored in a Judeo-Christian orientation such as that found in United States or Germany, to others markets oftentimes is quite challenging to international managers. Difficulties often emerge when moving from a Judeo-Christian to Islamic society, such as that seen in Saudi Arabia. The latter typically advocate and enforce different codes that directly influence acceptable personal and business behavior. In the case of Saudi Arabia, the case, Saudi Arabia’s Dynamic Culture, points out that it’s unique Islamic- centric mixture of ____, ____, and ____ results in laws and customs that are pose points of uncertainty and perplexity. A) liberalization of economic practices B) strict religious convictions C) governmental economic policies D) ancient social traditions E) regulation of technologyThere are some famous examples of companies struggling to successfully expand in foreign markets, because they didn't understand or underestimated the cultural difference. Dominoes Pizza in Italy, Disneyland Paris, and Starbucks in France come to mind. Similarly, foreign companies don't always successfully capture US market share. Can you think of any other examples?
- Can you help with answring this question please? “The world’s a stage; each plays his part, and takes his share” – Dutch proverb. What does this mean in Globalization? What are four (4) negative effects of Globalization and how these effects have affected your country?What is globalisation?2. Discuss two (2) advantages and two (2) disadvantagesof globalisation.3. Utilising Hofstede’s Cultural Dimensions, state thedifferences in culture between Brazil and Russia?4. How would you recommend a company deal with thedifferences in culture when operating in Russia andBrazil?1. What is globalisation? 2. Discuss two (2) advantages and two (2) disadvantages of globalisation. 3. Utilising Hofstede’s Cultural Dimensions, state the differences in culture between Brazil and Russia? 4. How would you recommend a company deal with the differences in culture when operating in Russia and Brazil?
- Discuss the importance of connecting "what" a business does (key activities) and "how they do it" (key resources) to the "why". Why is it so important that a global business can describe their "why"? Why is it important that the employees of the business understand the why? https://www.youtube.com/watch?v=V7vr3JSx-yY https://www.youtube.com/watch?v=pLdWfcLNZ1AAnswer all questions A) With relevant examples, compare the absolute advantage theory and the Comparative Advantage theory. What lessons can be learnt from these theories? B) Understanding the beliefs, values, behaviour and material objects that together form a people’s way of life is crucial in International Business. Examine the various aspect of culture that an International Business Manger should consider and how they affect business strategy. C) In the quest to transform the Ghanaian economy, the Government of Ghana introduced the Ghana Free Zones Programme. Critically examine how this programme has added value to the economy of Ghana.All of the following are important for the success of global managers, except: a. Experience working in a foreign country b. The ability to network across borders c. Knowledge of your job role effectively d. Money
- 1. If you were in a position to advise a Western company that was considering doing business in UAE for the first time, what would your advice be? 2. Using Dubai as an example, do you believe that cultural similarities among people can outweigh cultural differences that exist in terms of doing business together in the futureWrite 2 or 3 paragraphs to teach the competency to somewho who has not taken Introduction to Business. 1. Describe how firms engage in international business.Iggy’s Bread of the World Culture – How has the Culture Helped and/or Hindered the Growth of Iggy’s?