Cultural Challenges of Doing Business Overseas Free Essay, Term Paper and Book Report
The Cultural Challenges of Doing Business Overseas
Going into business or owning a business is always exciting and risky, but moving a business overseas can create challenges related to business that even the best entrepreneur finds difficult to overcome. Not only does business overseas endure cultural challenges, but understanding the country structure and development of the economy, and how decision-making on new investments or entering into contracts will affect the business, becomes crucial. This paper looks into the scenario of Mr. Steve Kafka, an American of Czech origin and a franchisor for Chicago Style Pizza, who decides to move his franchise to the Czech Republic. The paper addresses major differences and incompatibilities between the U.S. and Czech cultures, how the culture affects business, advantages of moving the business overseas, evaluates Hofstede�s dimensions, identifies trade barriers, and assesses cost structure of the business. Is moving a business to the Czech Republic the right decision? Steve Kafka has family and friends in the Czech Republic, he spe......
Word Count: 2890
Page Count: 11.5 (250 words a page / double spaced)
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