International Business: Competing in the Global Marketplace
11th Edition
ISBN: 9781259578113
Author: Charles W. L. Hill Dr, G. Tomas M. Hult
Publisher: McGraw-Hill Education
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Question
Chapter 4, Problem 1CTD
Summary Introduction
To explain: The impact of the culture of a country doing business in that country.
Expert Solution & Answer
Explanation of Solution
The impact of the culture of a country doing business in that country:
There are numerous reasons and examples to stress the fact that culture will have a significant impact on managing a business in a country. Some of them are:
- The business people in Country UA will get down to perform the business activities first. The idea of getting to know each other professionally and social is usually done at a later period.
- The business people in the South Country U like to know each other better before getting down to serious business activities.
- The religious and cultural beliefs will have a huge impact on the way businesses are being conducted in certain countries. Countries such as IA, CA, and JP give much importance to the religious and cultural
ethics before conducting business activities.
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