The International Business Strategy And Valuable Business Relationships Essay

The International Business Strategy And Valuable Business Relationships Essay

Length: 1117 words (3.2 double-spaced pages)

Rating: Strong Essays

Open Document

Essay Preview

The international business have lots of challenge in foreign countries, especially the culture impact. If the company want to success that have to know the different culture well. Culture is a combine of a series of custom, norms and guidelines of specific social groups. It plays an important part as norm, guidance and impetus in the development of different nations and countries. Since the companys of the International business negotiations represent the interests of different countries and regions, with different social and cultural backgrounds and political and economic background, people 's values, and ways of thinking, behavior, language and customs differing, the negotiations are more difficult than in domestic. Different performance reflects different companys arising different values and different ways of thinking from different cultures.In today 's global business environment, developing successful business strategies and valuable business relationships, based on an awareness of these different cultures, is essential for your organization.
The importance of cultural diversity to social, economic, and political agendas is gaining momentum in international discussions and has been recognized in a number of multilateral forums. However, recognition and understanding is at varied levels. For some industrialized countries, trade and the vulnerability of national cultural models in a rules-based environment is the driving force. For other organizations and nations, interest arises from social cohesion, human security and prosperity objectives. For the most part, international discussions have yet o result in concerted action. One thing is clear-the current global environment will require a global approach to cultural diversity ...

... middle of paper ...

...rns characteristic of the members of a given society is constantly shaped by a set of dynamic variables: language, religion, manners and customs. In some cases, globalization is a face of life; however, cultural differences are still far from converging. An international business needs both factual and interpretive knowledge of culture. To some extent, the factual knowledge can be leaned; its interpretations only through experience.
Each of them the variables discussed in this document influences the course of communications, and can be responsible for conflict or the escalation of conflict when it leads to miscommunication or misinterpretation. A culturally-fluent approach to conflict means working over time to understand these and other ways communication varies across cultures, and applying these understandings in order to enhance relationships across differences.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

The Sustainability Strategy of Nike Company Essay

- Introduction and the objective of the study Nike is one of the biggest footwear and apparel manufacturing companies in the word. The company came into existence in 1964 by Bill Boweman and Phil Knight and named it as the Blue Ribbon Sports. The company changed the name to Nike, which is Greek word meaning victory, in 1972 after producing a good brand of shoes that became popular among the athletes (NIKE, Inc., 2001). Since then, the company has been successful, dominating the world market of athletic shoes....   [tags: business strategy, Bowerman, Knight]

Strong Essays
2752 words (7.9 pages)

Essay about International HRM With the Context of Global Economy

- International HRM with the context of global economy It would be very easy to refer to international human resource management as little more than HRM on a national scale with some additional features that indeed similarities in the role of human resource management within national and international organizations; however, there are also some significant differences, not least of which is the development and deployment of staff in different national and regional locations around the world. The somewhat overused maxim encouraging the imperative to ‘think globally and act locally’, if nothing else, illustrates the importance of looking at the management of global organization at two, sometime...   [tags: International Business]

Strong Essays
960 words (2.7 pages)

International New Ventures Essay

- Introduction The article ‘A Theory of International New Ventures: A Decade of Research’ by Zahra (2005) is based on findings based on research sparked by the work of Oviatt and McDougall (1994) ‘Toward a Theory of International New Ventures’. In this article, Zahra (2005) builds on the authors’ research framework, highlighting aspects which expand on the original article and pointing out those which require re-examination in the light of accumulating empirical findings. The term ‘international entrepreneurship’ as developed by Oviatt and McDougall (1994) brings international business theory into an integrated model of International New Ventures (INVs) with an approach based on unique resourc...   [tags: International Business ]

Strong Essays
1351 words (3.9 pages)

Business Plan: Namaste International Hotel Essay

- Based on our business level strategy, the category we plan to be in will be a luxury, five-star hotel targeted towards international businesspeople. The name of the hotel will be ‘Namaste International Hotel.’ Namaste is a common greeting that originates from India and is used to acknowledge the divine spirit or soul of an individual (Geno). The greeting can be used by individuals of all ages. In Sanskrit, the term translates to “I bow to you” (Geno). Namaste has a spiritual connotation used to recognize that we are all one....   [tags: Business Plan]

Strong Essays
2317 words (6.6 pages)

Marketing Strategy For A Marketing Program Essay examples

- Introduction According to Pendrith (2014), one of the main reasons businesses fail is due to the lack of a marketing program. Opening the doors to a business does not mean customers will be swarming to utilize the services or products of that business (Pendrith, 2014, para 8). GCC will face the same obstacles when it comes to marketing that every new business faces and GCC will need to create a strategy and implement a guiding plan to create a foothold in the market. Other types of companies may be able to create very broad marketing strategies and plans that can target many different types of customers or potential customers....   [tags: Marketing, Corporation, Marketing strategy, Golf]

Strong Essays
1526 words (4.4 pages)

Essay about Doing Business in the Chinese Business Culture

- Doing Business in the Chinese Business Culture Doing business in China is on many levels similar to conducting business in many western countries. However, the importance of understanding the local business culture and practices are imperative to ensure success, for your business there. The following points deserve special attention: Dealing with Bureaucracy and Cultivating Relationships Dealing with bureaucracies and cultivating relationships on many levels, will ensure business success in China....   [tags: International Business]

Strong Essays
1834 words (5.2 pages)

Essay on IKEA’s Global Marketing Strategy

- IKEA’s Global Marketing Strategy 1. What were the sources of IKEA’s successful entry in furniture retail business in Sweden. The sources of IKEA’s successful entry into the furniture retail business were IKEA’s low prices and resilience. First, Ingvar Kamprad, the founder of IKEA, began selling furniture in his mail order company. Then he was faced with a social problem and turned it into a business opportunity. Since 1935, furniture prices rose faster than any other retail good at 41%. Kamprad responded by creating a line of furniture priced so that all could afford it....   [tags: Business Strategy Analysis]

Free Essays
1106 words (3.2 pages)

Essay on Omnicare Strategy Plan

- Omnicare Strategy Plan Omnicares Vision To combine OCR's outstanding people, process and technologies in novel ways to create entirely new eClinical services and outcomes that revolutionize how we conduct clinical trials and create value for our customers. Company History: Omnicare, Inc. is the nation's major provider of pharmaceutical products and services to nursing homes, assisted living institutions, and other long-term care facilities. Its pharmacies usually provide prescription drugs and pharmaceutical consulting services to geriatric institutions located within a 150-mile radius....   [tags: Business Strategy Analysis]

Strong Essays
1844 words (5.3 pages)

Marketing MA Management and International Business Essay

- Marketing MA Management and International Business Introduction CRM is a term for methodologists, technologies and e-commerce capabilities -used by companies to manage customer relationships. (Foss, 2001:1) It is also called customer management, customer care and sometimes customer centricity or customer-centric management. (Brown, 2000:1) All the names and definitions of CRM have customer, as its core-it is the management of customer relationships, which attempts to revolutionize marketing and reshape entire business models....   [tags: Business and Management Studies]

Strong Essays
2235 words (6.4 pages)

International Marketing Essay

- International Marketing Explain the stages that are typically taken by a firm moving from a domestic business to an international. Domestic Marketing: involves the company manipulating a series of controllable variables such as price, advertising, distribution and the product in a largely uncontrollable external environment that is made up of different economic structures, competitors, cultural values and legal infrastructure within specific political or geographic country boundaries: International Marketing: Involves operating across a number of foreign country markets in which not only do the uncontrollable variables differ significantly between one market and another, but the controllab...   [tags: Business International ]

Strong Essays
928 words (2.7 pages)