Description
Assignment Objectives
Compare alternative organizational structures for international operations.
Describe how global managers are able to influence management decisions despite cultural and language differences.
Discuss current management practices and principles used in the current global business environment.
Discuss strategies organizations can pursue for international market expansion.
Explain how differences between foreign and domestic environments impact the conduct of business.
Summarize the opportunities and risks of doing business in foreign countries.
1,000–1,200 words
Assignment Description
You want to launch a business internationally, and you need to choose 3 countries—1 in the Middle East, 1 in Asia, and 1 in Latin America.
- What are some of the components of these cultures that you need to understand from a business standpoint?
- How are they different in each country? Specifically, what considerations will be necessary to facilitate collaboration across these cultures? Identify supervisory skills appropriate to respond to your considerations.
- Can you have a U.S. management style in these countries? In support of your answer, show how various issues would influence the success of multicultural teamwork.
- How are their economic systems classified? Explain why they are classified as such.
- After studying these countries, explain whether you should or should not move forward with your business plan.
Explanation & Answer
Attached. Please let me know if you have any questions or need revisions.
Running Head: INTERNATIONAL BUSISNESS
INTERNATIONAL BUSINESS
Name of Student
Institutional Affiliations
Date
1
Introduction
Different nations have different cultural practices and challenges in regards to business; following
such reasons, international business has become a vital area that has to be dealt with much care
(Buckley & Casson, 2019). These cultural practices will be discussed in the three different
countries, which include the Middle East, India, and Latin America. Besides that, this paper will
aid in how to apply the U.S management style in the different cultural practices (Saudi Arabia,
India, and Mexico), how to classify the economic system and how to come up with a strategic
business plan for businesses in these countries.
Components of culture that one needs to understand from a business standpoint.
Culture refers to the way of living of people; it is an umbrella that encompasses human societies'
social behavior and norms. From a business point of view, the main critical cultural components
that one should understand include; symbols, language, norms, values, and artifacts and among
others (Su, 2019). These cultural elements differ in different countries.
Differences in culture among the three countries
Mexico, India, and Saudi Arabia comprise different cultural elements that are a result of
differences in people's living standards and lifestyles. Basing on the cultural elements, the three
countries portray major differences influenced by the following factors;
India: In terms of the language, Hindi is their national language that is mostly spoken by the Indian
people. Like in the Middle East, Indians also pra...
Review
Review
