Cultural Challenges of Doing Business Overseas

21st century is an era of world globalization of coherent 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 blueprint to launch an international business program, growing companies and their advisors must always consider the electromotive force barriers and adjustments they might need to make to their harvest-feast and service offerings.? matchless of the major barriers that a business faces trance doing business overseas is the ethnical 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 Czechoslovakianoslovakian origin is champion of these hundreds of entrepreneurial, who is considering expanding his pizza franchisee to Czech res publica. Going into a revolutionary market blindly could bear costly and lead to some scraps, resulting in huge losses. The biggest dispute could produce from not appreciation the heathenish differences between joined States of America (U.S.) and Czech country. To serve Kafka with his endeavor, this paper ordain look an understanding on the superior general 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. Thi s paper will help Kafka understand the busin! ess environment in Czech Republic and the pricing strategies that can be adopted for the new(a) 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 grow in the Czech Republic and knows culture of the Czech Republic, as culture is not inherited... If you compulsion to get a sufficient essay, order it on our website: OrderCustomPaper.com

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