Business society question

User Generated

yrkvrrrr15

Business Finance

Description

If you were planning to do business in a culture that was opposite from your own on the cultural dimensions of “power distance” and “individualism/collectivism,” what challenges would you expect to face?  How would you prepare?   


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Explanation & Answer

If you are planning to do a business in a different culture from yours in terms of power distance and individualism, then rest assured that some challenges such as ignoring your brand, bias on legal requirements and unfair competition will be unavoidable. For the purpose of preparations, make sure you have all the legal documents necessary for the kind of business you want to start and be ready to convince them that your brand is the best. make sure you have the best brand.


Anonymous
I was struggling with this subject, and this helped me a ton!

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