+1-415-670-9189
info@expertsmind.com
Evaluate each countrys similarities and differences
Course:- International Economics
Reference No.:- EM13855403




Assignment Help
Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> International Economics

Question:

You are preparing for business negotiations with potential partners from Mexico, China, Israel, and the United Arab Emirates (UAE). You understand that these cultures are vastly different. They have different business customs, social protocols, and languages. However, they also have a strong relationship with several of your vendors so they may be viable business partners for your hamburger franchise expansion project.

1. In order to prepare for your first outreach effort with each country, analyze the cultural similarities and differences that exist between the countries and the United States using Geert Hofstede's 6 Dimensions as discussed in class. Provide a discussion of these comparisons (400-600 words).

2. Using the United States as a basis for comparison, evaluate each country's similarities and differences. Use your textbook and the CTU Library to help identify cultural characteristics that will be important during your first meeting with each country. Use a bar graph or table to highlight how the four countries compare to the United States.

Answered:-

Verified Expert


Preview Container content

The solution for the given case strongly owes to the Hofstedeā€™s model of international comparison of cultures. Hofstede while analysing the cultural issues of different countries across the world has used 6 important dimensions and analysed the country specific cultural profiles. It is very much necessary to understand the complex cultural issues associated with culture while undertaking business outreach programme. Hamburger franchise expansion project links with eating habits of the people, which is strongly influenced by culture. It is against this background, it is important to have a fair idea of the existing cultural practices of the planned four countries Mexico, China, Israel, And UAE In Relation To US. In the following paragraphs after providing a brief cultural profile, cultural similarities and dissimilarities are traced.

Mexico is a hierarchy based society. There is a given protocol system. Boss is not easily accessible to subordinates. People are interested to take care of themselves and their immediate family. Group behaviour is also noticed in a limited manner so that people exchange and interact in support of loyalty considerations. Most of the Mexicans live in order to work. Managers are found to be assertive and decisive. Most of the Mexicans are in favour of avoiding uncertaininties. They are suspicious to new societal changes. They honour tradition and the existing norms.




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (International Economics) Materials
An rise in the Federal minimum wage to $7.25 per hour from $5.15 a hour, suppose that the $7.25 is an effective price floor and that all other things remain steady,
Describe the increasing returns to scale as a basis for international trade. Be sure that you discuss the relevant concepts, explain important features of such trade,
What is the "current macroeconomic situation" in the U.S. (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.) What fiscal policies
Suppose the effect of monetary policy on the exchange rate value of the dollar. Estimate the effect of expansionary monetary policy on each of the following.
John Maynard Keynes was the first to show that government policy could be used to change aggregate output and prevent recessions by stabilizing the economy. Describe the eco
Identify and define one key element of a systematic research study. Provide an example of this element used in research to support management of a human services team. How d
Sydney is wants to start a new business, but would have to give up a job with a total compensation of $100,000 every year. After researching the new business opportunity, Synd
Analyze measures of economic growth, and comparative and absolute advantage in international trade for the following countries: USA, China, Saudi Arabia and Democratic Republi