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 future? (05 marks)
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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 future? (05 marks)
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- Choose two countries that are culturally diverse. Compare the cultures of those countries and discuss the ways in which cultural differences will affect the cost of doing business in each (country). Answer: Students answer vary depending on the countries they have chosen. 1. Identify the countries for comparison 2. Identify the cultural factors, two to five factors 3. Prepare a table. See example below. Countries E.g., Malaysia Religion Islam Hindu Buddha Christian Social 4. Discuss the ways in which cultural differences will affect the cost of doing business in each (country).Choose two countries that are culturally diverse. Compare the cultures of those countries and discuss the ways in which cultural differences will affect the cost of doing business in each (country). Answer: Students answer vary depending on the countries they have chosen. 1. Identify the countries for comparison 2. Identify the cultural factors, two to five factors 3. Prepare a table. See example below. Countries E.g., Malaysia Religion Islam Hindu Buddha Christian SocialUsing Dubai aa an example, do you believe that cultural similarities among people can outweigh cultural differences that exist in terms of doing business together in the future?
- From the statements below, select the one that is not an example of a factor in the socio-cultural environment. A) Companies are more likely to set up foreign operations in countries with stable political and economic systems. B) Many people in the Middle East are unwilling to work in food service operations. C) McDonald's has added salads and other low-fat foods to its menu. D) Prepackaged chili is more popular in southwestern U.S. states than in the U.S. northeast. E) Consumers in China perceive bicycles primarily as a mode of transportation, while consumers in Canada perceive bicycles as recreational items.What types of cultural shocks would a foreign student have and what types of cultural shock would they encounter upon first coming to the United States. Briefly describe a foreign student and explain their cultural shock experiences. Explain positive outlooks about such experiences.Choose two countries that appear to be culturally diverse. Compare the cultures of those countries, and then indicate how cultural differences influence (a) the costs of doing business in each country, (b) the likely future economic development of that country, and (c) business practices
- Questions: 1. Can country cultures really be classified as masculine and feminine today? Arethe concepts valid but the terminology outdated?2. What are the pros and cons of the various market entry strategies discussed inthe chapter?This is interantional Business class Q: What are the different entry strategies and what need to be considered to choose one of them for entering a new foreign market?One way to analyze the cultural differences among countries is to conduct a Hofstede analysis. Visit www.geert-hofstede.com/ to learn what this analysis involves. Develop a presentation explaining how three countries of your choice differ from the United States.
- Is there any relationship between the culture of a given country and the extent to which it will likely have a dynamic, growing economy? Are there cultures that would be more likely to limit economic growth and even result in poverty? Defend your answer.Which of the following international strategies will work best for an ecofriendly company entering ireland 1. multi-domestic 2. global, or 3. transnationalThis international business classs Q: What are the different forms of foreign presence and how to decide which form to be present in a foreign market?
