Wilkes College Greece Economic Geographic Social Cultural & Technological Environment Paper

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Business Finance

Wilkes Community College

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I have this project for Greece and I will attached all the information for the work

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International Cross-cultural Negotiations Individual Project Guidelines Objective 2c: Recommend business decisions based on cultural differences and diversity Students will be assigned a specific country which they will use to answer questions related to the following scenario. As the manager of an American company you have to negotiate a business deal with the representatives of a potential distributor in your assigned country. Intercultural skills are critical for a successful international experience so you consider collecting information regarding the local culture before your departure. 1. Select 2 dimensions detailed in Hofstede’s framework to describe your assigned country. Provide country specific examples to support your answer. 2. Provide a recommendation on indicating how the Hofstede cultural characteristic you identified will positively or negatively impact the negotiation process. More specifically, to complete this project: 1 Go to Hofstede’s website and find the rating of the country on the six dimensions • Discuss the country cultural characteristics. What can you say about the country’s culture? • Get the national culture profile for USA. Compare it with that of your country. (5 points) 2 Select two of the dimensions where your country’s and the US cultures differ a lot. (5 points) 3 Provide a recommendation on indicating how the Hofstede cultural characteristic you identified will positively or negatively impact the negotiation process. (15 points) Use the Global Road Warrior database, available on RMU Library website to see what you will need to prepare for the negotiation. Focus on behavior that will help you successfully negotiate the contract. Submit a 5-page report of the project.
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Explanation & Answer

Hello my friend, here is the answer.

Running head: GREECE

1

Greece
Name:
Institution:

GREECE

2

Greece:
Corruption is 45/100
Capitalist: immigrants = ⅕ workforce.

Assessing the Economic-Geographic Environment
● Examine geographic and economic factors that affect the business environment of a
nation
○ Heavy tourist attraction that drives the economy. Tourists, in 2017, generated 14.2
billion euros. https://news.gtp.gr/2018/05/08/study-greek-tourism-generatesrising-revenue/
○ Greece still has high debt, only surviving due to the debt-relief deal made within
the euro-zone. - https://www.economist.com/the-economist-explains/
○ 7th most visited country in the EU, and 16th in the world. https://businessculture.org/southern-europe/business-culture-in-greece/
○ Greek business enterprises are increasingly adopting the use of corporate social
responsibility strategy to attract and retain more customers in the market. The
companies are getting involved directly on activities that are related to local
communities, human resources and the environment. Multinational companies as
well as small business enterprises therefore have to be socially responsible for
them to perform well in the Greece market. https://businessculture.org/southerneurope/business-culture-in-greece/business-etiquette-in-greece/
○ Greece working population lacks effective policies to promote work-life balance
in their place of work. P...


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