The three generalizations are: Cultures are either high-context or low-context, Cultures are either sequential or synchronic and Cultures are either affective or neutral. Business leaders know that intercultural savvy is vitally important – not just because they have to deal increasingly with globalization, but also because the work force within their own national borders is growing more and more diverse. Part III The article is related to the question in the way the communication side of business and how cultural controls business communication and conduct. Conducting business and communication go hand-in-hand. Every aspect of global communication is influenced by cultural differences.
LAW 421 WEEK 2 Individual Assignment University Of Phoenix WEEK 2 INDIVDUAL ASSIGNMENT NAME: DATE: LAW 421 INSTRUCTOR: Once I finished participating in the simulation I began to see many problems when it came to the practices and the resolving of international transaction disputes. I took some resourcefulness to navigate through difficulties of working with two separate sets of protective laws. One of the major problems I encountered was that you are forming one agreement for two different companies, each with their own set of government policies regarding business. Each of the two parties involved should do their part to protect against legal disputes, for instance drafting a choice-of-law clause. This action is a good start, so that both parties define and protect specific laws.
These forces encompass raw materials, instant capital, and people. Other factors PepsiCo faces are labor skills, socioeconomic opportunities, including uniqueness, and division in population, labor costs, gender, race, class, language barriers, trading arrangements, technology, and ambiguous rules (International Business, 2005). Response PepsiCo responds by defining core beliefs by making the utmost of diversity assets and aptitudes to aid corporate success. The organization takes abundant care to interlace diversity and presence into the culture to progress as a global, and multicultural organization adept at serving the world’s societies effectively ("Performance with Purpose" 2011).
Roles and Functions of Law XXXXXXXX Contemporary Business Law June 01, 2013 XXXXXXX Roles and Functions of Law Many issues can be experienced for a business when resolving legal disputes regarding international transactions. Issues that may occur include signing of contracts designed to protect both parties, choice of clause, which forum to use when settling a dispute and if arbitration (if used) will be nonbinding or binding. Another aspect to take into consideration when resolving legal disputes regarding international transactions would be to gauge when the government becomes involved with the legal proceedings, and to discover if the particular countries ruling government can overrule decisions made by a business. More issues would include dominant international laws, the political situation, and culture issues that would influence the success or failure of the business venture. Some things to consider when addressing legal action against a foreign business partner based in a different/foreign country include considering the best interest of the company as well as future business ventures with the company or country conducting business with.
P6 - Describe how political, legal and social factors are impacting upon the business activities of the selected organisations and their stakeholders All businesses and corporations will face external factors that impact the business activities and stakeholders of a business. These factors of changes can be political, legal, and social within the business environment. Politics is a process by which groups of people make collective decisions. These decisions can affect businesses as well as the working economy. For example, a new legislation or a regulatory change of policies from the government will affect business activities.
Define Research Purpose The international sales research is important to the marketing and sales team that works in companies that sell products and services to overseas countries. Due to the cross cultural difference, the research interprets market behavior and helps strategize sales and marketing tactics for the company (Craig, 1999). The research also investigates cultural variation to help the company obtain a larger advantage to sell their product and service to the oversea companies. The Business Problem
The criticisms of the new process are unjustified because the old method of having unstructured debates caused each individual executive team leader to prioritize their own business units over the necessary enterprise goals. Applegate says that governance efforts should include formation of organizational structures for overseeing and directing all of the organization’s IT resources, or the implementation of processes to ensure that IT resource requirements are identified based on business priorities. (p.416) This new process provides necessary structure and alignment with enterprise goals, however it should be noted that there are holes which need to be addressed in which certain business units can take advantage of the new priority management system by associating a project with an enterprise goal in order to increase chances of funding. (p.457) 2. Who controls the budgets from which IT projects are funded at Volkswagen
In the academic literature there are two famous culture-related M&A problems - “liability of foreignness” formulated by Zaheer in his paper of 1995 and “double-layered acculturation” suggested in 1996 paper by Barkema et al. The main idea behind these papers is that companies who follow an M&A deal may meet significant obstacles in the form of differences in business practices, legal systems, languages and customs at double levels, introducing new liabilities, which ultimately may prevent a company from realizing its strategic objectives. Additionally, asymmetry of information that a company may encounter in foreign markets may make it difficult to study a new market in the correct way. Depending on the degree of required integration, there could arise other principal issues such as conflicts originated from cultural stereotypes, nationalism and even racism (Stahl and Voigt, 2005). Therefore, the rapid increase in cross-boarder M&A transactions is accompanied by growing popularity of cultural due diligence and greater interest to the “cultural distance” hypothesis.
Strategic Plan Paper: Riordan Manufacturing, Incorporated Team A Strategic Plan Paper: Riordan Manufacturing, Incorporated Global organizations have complex structures because operations span beyond their domestic markets and into the international marketplace. This global marketplace affects how organizations conduct business because of varying differences and needs in economic, technological, political-legal, and sociocultural forces. Organizations then must balance these external factors by strengthening their core competencies. Strategy planning is the means for organizations in realizing goals while considering the factors that affect their businesses. Riordan Manufacturing, Incorporated is a global organization planning for sales
In the last 30 years or so, business communications have taken a definite global turn. Business relationships and communication are important on a global scale and understanding the others culture is an important part of knowing how to communicate effectively. Knowing the particular culture of those you are attempting to do business with can make a real difference in how business is conducted and the success or failure of your attempts. Through research, Geert Hofstede noticed differences in national cultures in 5 basic areas: power distance, individualism vs. collectivism, uncertainty avoidance, masculinity vs. femininity and long term vs. short terms orientation. Having an understanding of these differences and the part they play in cross cultural communications allows a business professional to be able to adjust their style of doing business to better mirror the way the other nation does business.