Cultural Challenges of Doing Business Overseas

21st century is an era of world globalization of crystal clear 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 pattern to launch an international business program, growing companies and their advisors must continuously consider the electromotive force barriers and adjustments they might need to make to their harvest-time and service offerings.? matchless of the major barriers that a business faces maculation doing business overseas is the pagan differences between the nations. According to Hodgetts, Luthans, and Doh, ?A major quarrel of doing business internationally is to adapt in effect to different cultures.?Steve Kafka, an Ameri apprise born Czechoslovakian origin is nonpareil of these hundreds of entrepreneurial, who is considering expanding his pizza franchisee to Czech res publica. Going into a tender-made market blindly could bear costly and lead to galore(postnominal) scraps, resulting in huge losses. The biggest dispute could evolve from not brain the cultural differences between joined States of America (U.S.) and Czech country. To friend Kafka with his endeavor, this paper pull up stakes look an understanding on the familiar 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 parvenue 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. Althou gh 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 proficient essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay