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Deliverable length: 1,000-1,200
Use a minimum of 3 references to support your findings 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
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National Business Environments
It is very important that entrepreneurs understand the aspects of different business
environments especially before planning to expand or start businesses in other countries (Wild,
Wild, & Han, 2014). Culture is one of the aspects of different national business environments that
has to be considered by business people before venturing into any new geographical area to
conduct business. Culture comprises the values and norms that are accepted by a particular group
of people. Each of the three countries for this case, the Middle East, Asia and Latin America has
got its own activities, values, and beliefs (Wild, Wild, & Han, 2014). Culture has an impact that is
considerable on a business’ strategic direction all the way from the business functions to
management decisions. Companies have to conduct their business in line with the national culture
of the country in which they operate in order to be successful (Wild, Wild, & Han, 2014).
Some of the components of national culture I have to learn from the word go before
launching a business in either the Middle East, Asia and Latin America include their religion, the
ethnic groups in these countries, the geography ...
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