Cultural Challenges of Doing Business Overseas

21st century is an era of world globalization of synthetical argument, opening umteen countries to foreign investors. According to Sherman, ?Each year, hundreds of entrepreneurial and growing companies flip over outside(a) expansion as a marketing and addition strategy. When developing a strategic project to launch an international business program, growing companies and their advisors must incessantly consider the electromotive force barriers and adjustments they might need to make to their convergence and service offerings.? matchless of the major barriers that a business faces spell doing business overseas is the cultural differences between the nations. According to Hodgetts, Luthans, and Doh, ?A major quarrel of doing business internationally is to adapt effectively to different cultures.?Steve Kafka, an Ameri apprise born Czechoslovakian origin is iodin of these hundreds of entrepreneurial, who is considering expanding his pizza franchisee to Czech res publi ca. Going into a immature market blindly could bear costly and lead to some(prenominal) scraps, resulting in huge losses. The biggest dispute could trick out from not sagaciousness the cultural differences between joined States of America (U.S.) and Czech country. To financial aid Kafka with his endeavor, this paper give look an understanding on the prevalent cultural differences between U.S. and Czech Republic by applying the cultural dimensions of Hofstede.

This paper will withal station the risks that might arise due to these differences and will identify mitigation techniques for the risks identified. This paper will help Kafka understand the ! business environment in Czech Republic and the pricing strategies that can be adopted for the impudent pizza business to be successful in this new market. Differences between Czech and U.S. culturesKafka needs to be aware of the cultural differences between Czech Republic and U.S. to make his pizzeria successful. Although Kafka has root in the Czech Republic and knows culture of the Czech Republic, as culture is not inherited... If you compulsion to get a rich essay, order it on our website: BestEssayCheap.com

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