Business Practices And Culture The Same - 963 Words

If a company wants to expand their business to a different country, is the business practices and culture the same? According to the Encyclopedia of management, â€Å"The standards, expectations, and benchmarks of business behavior vary across countries† (Hill. p. 491). There are numerous countries in the world with their own culture, which correlates with their business methods. With that said, it is vital for companies to understand that not every country is the same, in terms of business and culture. The culture and business structure, for example in The United States (U.S), is different in Spain. Spain’s business practices and culture has differences in these three categories: contextual, social, non-verbal. Spain is a high context culture. Business people in this country prefer face to face versus written communication. The Spanish look at nonverbal communication like facial expressions and eye contact. In addition, Spaniards analyze the true intentions of a company; does the company care or is it just a financial gain for them? People with a business proposal must schedule a time to meet Spaniards. Spaniards appreciate those with great personalities and make the effort to meet them. With that said, Spaniards expect businesspeople to build personal relationships with them. In fact, the first meeting is meant to get to know one another, create stable relationships as well as trust (Global Road Warrior. â€Å"Spain: The business experience†). Therefore, in Spain, cultural contextShow MoreRelatedInternational Business : The Challenges Of Globalization963 Words   |  4 Pagesvillage. At the same time, it begins to have a deep influence on a company’s strategy plan which mana ger is involved in an international business market. In International Business: The Challenges of Globalization, I interested in PART 5 Chapter 2 Cross-Cultural Business. In my pervious business ethic course I learned a chapter about foreign assignment which an employee works in a foreign country and have a cultural issue. And in that course I did a research paper about foreign culture so I think theseRead MoreChanging Role of Hr Management959 Words   |  4 Pagesdriven by e-business and technology need to be ready to respond and adapt to the environmental changes and should focus on satisfying the company’s customer needs. In this role, the HRM contributes proactively to the development of global strategic plans and objectives. This essay will explain the changing roles in human resources management to the trends of: (a) globalization, (b) technology, (d) diversity, (e) e-business, and (f) ethics. Globalization The globalization of a business is theRead MoreEnvironmental Factors1188 Words   |  5 Pagesinterdependence, the effect of trade practices and agreements, the influence of cultural differences, the effect of political systems, and the influence of international relations in relation to McDonalds. This paper will also analyze the importance of demographics and physical infrastructure, the concepts of social responsibility, and the ethical and legal obligations of McDonalds. . An explanation of the effects of technology and the influence of the Foreign Corrupt Practices Act of 1977 as well as theRead MoreOrganizational Culture : Business Practices1011 Words   |  5 Pages Does Organisational Culture Shape Ethical Business Practices? U5009333 Sarah Zuiderduin 14/10/2014 â€Æ' Introduction Organisation culture can be described as the beliefs, customs, value systems and behavioural norms and ways of doing business that are unique to each corporation. 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They all have unique approaches that have been found to be the most adequate or efficient way in accomplishing specific objectives. We have heard the English terms culture, management terms, and business culture, which are commonly used business terms in America. Nonetheless, we don’t have much knowledge about international business terms. International business terms such as â€Å"wa†, â€Å"quanxi†, and â€Å" inhwa†, which are essential management terms in JapanRead MoreThe Ethical And Moral Nature Of Products And Services917 Words   |  4 PagesIndividuals who are familiar with the world of business may have noticed constant changes within industry along with increasing complex factors stemming from the altering dynamics of the society and culture. As a result, managers and stakeholders have to apply sophisticated quantitative and qualitative methods in trying to conjure up a business model that will incorporate all variables and lead to the best possible outcomes for sustainability and growth in a given sector. Some of the emerging issuesRead MoreEthics And Legality Of The Strategy 31398 Words   |  6 Pagesimitating the plan from other players. Lopez a fresh Harvard business graduate faces a deadlock between ethical values and professionalism while working at imatari. Since the company have severe Hum an resource practices and business strategy, Lopez has to decide whether to pursue he career with the organization or not. In addition the case also illustrates the illegal and unethical business practices of Imatari, which established very unlawful culture in the organization. Also since copying and imitatingRead MoreA New Forms Of Trans National Management Organization Essay1545 Words   |  7 Pagesâ€Å"best practice† in Multinational Companies have been made, dazzling the importance emotionally concerned to the effective management of people from corner to corner national boundaries for Multinational Companies performance (Hofstede, 1980, 1997; Bartlett and Ghoshal, 1989; Adler, 1986; Adler and Ghadar, 1990; Yuen and Kee, 1993; Guest et al., 1996; Ferner, 1997; Edwards and Ferner, 2000). HRM practice from the home country to abroad subsidiary may be hampered by constraints set by the culture andRead MoreConvergence and Divergence Debate over Ihrm Practices1125 Words   |  5 PagesConvergence and Divergence Debate over IHRM Practices By : Anggun M.B Nowadays, there is an increasingly concern about convergence and divergence debate over Human Resource Management practices of MNCs that operate expandly accross the globe. With regard to convergence approach, it is generally accepted that the universality of sound management practices would lead to societies and countries becoming more and more alike and interlink. On the other hand, according to divergence approach, companies