Cultural Challenges of Doing Business Overseas Free Essay, Term Paper and Book Report
Globalization has become the key for a business to succeed internationally. General Motors, Toyota, Pepsico and Verizon are all companies which have success on several continents and in most countries. To have success these companies had to learn and deal with the many cultural differences of each country. Culture is an important part of life and is a key ingredient of a societys economic system, politics, religious beliefs, art, literature, education and social interaction. Companies should understand how these cultural differences will play huge roles in business negotiations and how to blend into the culture instead of fighting it. Where a hand shake may mean the end of negotiations in one country, it may signify the beginning in another. Recognition of even the smallest of differences is important in order to succeed. This is true for any business; whether a multi-billion dollar corporation or a privately owned pizza shop. Entering into a different market takes a thorough knowledge of the cultural differences, any barriers which may hinder production, and any advantages......
Word Count: 1479
Page Count: 5.9 (250 words a page / double spaced)
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