>> International Economics
Your fast-food franchise has been cleared for business in all 4 countries (United Arab Emirates, Israel, Mexico, and China). You now have to start construction on your restaurants.
The financing is coming from the United Arab Emirates, the materials are coming from Mexico and China, the engineering and technology are coming from Israel , and the labor will be hired locally within these countries by your management team from the United States.
You invite all of the players to the headquarters in the United States for a big meeting to explain the project and get to know one another.
In preparation for the meeting, you want to avoid cultural silos, while ensuring all parties engage with each other.
Answer the following questions in preparation:.
What do you know about these cultures-specifically their economic, political, educational, and social systems-that could help you in getting them together?
What are some of the contrasting cultural values of these countries?
As you begin to plan, you are concerned about some of the language barriers, particularly the fact that the United States is a low-context country, and some of the countries present are high-context countries.
Furthermore, you only speak English, and you do not have an interpreter planned at this time.
What strategy would you use to begin to have everyone develop a relationship with each other that will help ease future negotiations, development, and implementation? Address the following questions in your response.
How will this affect the presentation?
What are some of the issues you should be concerned about regarding verbal and nonverbal language for this group?
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The cultural differences for executing the task, has to be analysed for improving the business performances. Political aspects and systems, needs to evaluated and introduced in the right manner. Business expansion plan has to be evaluated after understanding the political challenges and cultural communication issues that exists in execution of the business. There are different types of political factors that can affect the impact the business activities. The cultural factors have to be analysed, and the corrective measures are introduced for increasing the business execution. The new project has challenges related to cultural communication which has impacted the business execution (Garcia 2004).
For constructing of the restaurants, the finances have been arranged from the UAE, materials have been procured from China and Mexico. The technology has been procedure from Israel. The labour would be hired from the local markets. For project execution has been planned for implementing the changes that are necessary for introducing the best products and services for the clients. Major cultural challenges are related to implementing the best process for increasing the sales.
Business strategies and international expansion has to be implemented after analysing the cultural differences that can affect the business execution. Customs, gestures, and mannerism has to be considered. This would help in increasing the communication process, which is useful in introducing the changes that are necessary for increasing the performances. Through this method, the customer’s expectations are analysed. This will help in integrating different tasks that would be useful in increasing the business performances (Csikszentmihalyi, et al. 2003).