one page international business homework

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Business Finance

Description

In Chapter 4 you read about cultural differences and the importance of cross-cultural literacy. This week, you will work with team-leader 2 to address discuss the importance of being culturally literate when attempting to enter foreign countries. The assignment should be double-spaced in 12-point Times New Roman font in paragraph form. The writing should be in APA format, and under no circumstances should your response include bullet points. The assignment will be graded based on the “Example Writing Rubric” document provided in D2L. The assignment should not exceed 1 page. A separate references section is not needed, but be sure to use in-body citations where needed. For example, "Hill and Hult (2016) note that ..." or "Abrams (2016) state that ..." Please include a title page in APA format with the assignment number, the team-leader for the week, the group number, and the date.

The content expectations for the assignment are:

  1. Provide a strong introductory statement (one to two sentences)
  2. Define social structure and explain the importance of social structure when entering foreign markets? (suggested three to four sentences)
  3. Based on the reading of your text, and the International Business Guide article found at the following link (https://www.internationalbusinessguide.org/10-successful-american-businesses-that-have-failed-overseas/), provide an example of how a business struggled with understanding social structure.
  4. What could have been done differently to overcome the social structure cultural challenge by the business you identified in 3? (two to three sentences)
  5. Provide strong concluding statement (one to two sentences)

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Explanation & Answer

You're welcome.

Running Head: SOCIAL STRUCTURE

1

Social Structure
Institutional Affiliation
Date

SOCIAL STRUCTURE

2

Cross-cultural teams are becoming more common, implying that businesses can be
able to benefit from the diverse base of knowledge and insightful approach to problems that
encroach the world of business. However, even with the benefits of expertise and insights
international organizations also face stumbling blocks when it comes to international business
and culture.
According to López (2000), Social structure is social arrang...


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