Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.

QUESTION

Hello, I am looking for someone to write an essay on The Cultural Difference Issue of Multinational Companies. It needs to be at least 2250 words.Developing cultural knowledge enables companies to bui

Hello, I am looking for someone to write an essay on The Cultural Difference Issue of Multinational Companies. It needs to be at least 2250 words.

Developing cultural knowledge enables companies to build global competitive advantage as well as enabling people to be more sensitive to globalization. However, global markets face various challenges that are crucial and may affect the performance of the business. One major challenge is culture and as it can affect the entire company. Culture is divided into three main types which include data based culture, relationship-based and finally group based. Data based culture is controlled by a timetable where individuals do their responsibilities at a time. Relationship-based culture enhances teamwork and interlinks social life since individuals are not punctual in their work but do their duties at a time. Group-based type is very patient and people mostly consider working in groups such as family or corporations. People always avoid conflicts with wisdom and respect are the major virtues needed (Cateora and Graham 2005).

Culture affects business operation in various ways such as language barriers, culture collisions and difficulties in pricing. The above are not exceptional and particularly at the start of the business. These problems should, therefore, be minimized at all levels of operations. It is therefore important for the company to inform its members about the customs and ways of conduct in the new culture. According to Cavusgil et al. (2007), cultural differences can yield both positive and negative outcomes. The most helpful thing to consider in a foreign market is to respect and understand the new culture. This builds up trust, respect, and thus competitive advantage. Cultural aspects found in various countries are for example in Denmark, red color means positive but considered as a sign of death and witchcraft in most African countries and in Korea and Taiwan rectangular shapes are considered to show a negative effect.

Show more
LEARN MORE EFFECTIVELY AND GET BETTER GRADES!
Ask a Question