Doing Business in the Middle East Presently Bahrain, Egypt, Iraq, Iran, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, United Arab Emirates, and Yemen are the 14 nations in the Middle East. The majority of Middle Easterners share in common the Arab culture, language and religion. It is especially important to take note of the Islamic belief. "Islam means the act of giving one's self to God or Allah" (Harris & Moran, 2000, p.385). Visitors and business people must understand
How the World-Wide-Web Impacts the way of Doing Business Since its comet-like boom in the nineties the internet has attracted myriads of companies to do business on this boundaryless media. And the boom does not seem to stop. eCommerceis a catchword, which stands for a whole branch of new types of businesses that mushroomed up in the last couple of years. Retailers, all sorts of companies, even law offices are using the web for their daily business. There seems to be no comparable other way to
Challenges of Doing Business Overseas Abstract The research conducted within this document will look at the various areas considered by someone before venturing in to another country for a business, regardless how well he or she know the specific business. As the information is gathered as well as imported in to tables for visual comparison, one can see that there are many similarities and the possibility of success via such a business seems possible. Cultural Challenges of Doing Business Overseas
Doing Business in Thailand Thailand’s booming economy has encouraged me to begin a new business relationship with a highly recognized Thai company. I manufacturer a line of products for the sugar processing industry. I recently signed a one-year contract with Thai Chemiclas and Engineering Co. Ltd., located in Bangkok, to be my exclusive representative in the Thailand area. Thai Chemicals and Engineering will promote my product line and get it into the all the sugar mills in the area. They
Steve Kafka, an American of Czech origin and a franchisor for Chicago Style Pizza, has decided to expand his business into the Czech Republic. He knows it is a risky decision; when he became a franchisor, he had to overcome a lot of difficulties. Steve anticipates he will face some of these difficulties again at the new location in Prague, Czech Republic. Although he was born in the United States, he has family and friends in the Czech Republic, speaks Czech fluently, and has visited the country
Since the motto “Doing Well By Doing Good” appeared, the number of businesses that have adopted it has increased over time. In order to tell whether this increase is substantial and significant we must first analyze the steps into which this motto has gone through. The implications it has on the market and economy as a whole will also be determinants of whether to adopt the motto or not. In the essay below we will go through the evolution of the meaning of the motto, the concept of social responsibility
The Cultural Challenges of Doing Business in Czech Republic Steve Kafka, an American of Czech origin and a franchisor for Chicago Style Pizza, has decided to expand his business into the Czech Republic. He knows it is a risky decision; when he became a franchisor, he had to overcome a lot of difficulties. Steve anticipates he will face some of these difficulties again at the new location in Prague, Czech Republic. Although he was born in the United States, he has family and friends in the Czech
technology, political, economic environment, and social organization of Russia has better enabled an understanding of the way business is conducted and the overall feel of the country. Russia being previously being under communist rule has made them a more recent addition to the global business market. This makes it both challenging and exciting for other countries to do business with them. In recent times, Russia is one of the fastest growing economies and willing to change ways to better accommodate
Date: Subject: Important Info for your Business Trip to Mexico On Thursday, October 20, you'll be taking a one-week business trip to Mexico to meet with our potential clients there. As you have never visited the country before, I have prepared a short report for you on what you will need to know so as not to offend anybody. Business Relationships Mexicans place a good deal amount of emphasis on personal relationships. The key to a successful business trip to Mexico is establishing a close
Executive Summary To be given an opportunity to do business in Mexico, one must understand where to start and how to deal with a totally different social and cultural environment from what one is accustomed to. To succeed in making a good first impression and to carry out any type of business transaction, it is important to understand what these differences are. When conducting business in Mexico, there are specific things that must be understood and complied with. Just understanding how important
French Business Report Christa M. Hudler Lenoir Community College Abstract In France, women are treated as equals to men; however women in business differ when compared to business men. French business practices are very formal in all aspects. French business wear is similar to that of America; however French business clothing differs slightly for women. Communication with the French is similar to communicating with any other foreign country. When traveling to France, there are some things
E-Commerce E-commerce is rapidly becoming an excellent way to do business. It incorporates elements which are similar to those of regular commerce. The hype surrounding this new way of doing business is constantly increasing for many reasons. There are some barriers to e-commerce, but the benefits seem to far outweigh the risks. There are many elements necessary to e-commerce. First of all, you must have a product. It is also necessary to have a place. The web sit displays the product
There are many factors to consider when deciding to do business with another country. The United States is one of the top industrialized countries and is highly involved in trade and investments. In evaluating a countries economic situation you can learn a lot about the risks and benefits of doing business with or in that country. For the United States to do business with Guatemala the factors to be considered include: international trade, exchange rates, Foreign Direct Investment, Economic structure
industry situations. In earlier days, ?wining and dining? the customer had been a part of the steel industry and adjusted as a cost of doing business. But recently government regulations had restricted this method of doing business and now ?buying? business was just not a part of the industry. Sponsoring the annual sales meeting does not comply with the present business ethics and SOSLP could risk hurting their image and losing respect in the marketplace. Matworks at one time had been one of SOSLP
innate challenging capacity of doing business, as well as a skilled decision maker. His first business was selling matches. He packs the things in his old bicycle and start selling to his neighboring houses.It was just at the age of 10. When he was 17, he performed well in his studies. So his father gave him a reward for his success. In that adolescent age boys will normally spend money in a lavish way. But do you know what he did? He invested in his dream business; a home furnishing retailing
The marketing principle or concept : The central idea is the ‘matching’ between a company’s capabilities and the various wants of the consumers to achieve the objectives of both parties. (McDonald, 1999). It is also defined as the philosophy of doing business that emphasizes customer orientation and coordination of marketing activities in order to achieve the organization’s goals. The management of the marketing mix consists of the various tools and techniques that are available to marketers in order
When conducting business in an international country you must always worry about political risks. There are many macroeconomic risks when considering conducting business in Mexico. Mexico could raise taxes against businesses at almost any time to generate money for their government. Another macroeconomic risk that applies in Mexico is the cartel situations in that country; it is as if they are in a civil war. Problems may arise for business like IKEA any time there is conflict
How Biographical Traits of Individuals Affect Organizational Performance To study the organization behavior, that is to study the people who form the organization. The success of an organization rests on the characteristics of its people. Successful managers can observe the employees’ behavior to understand their individual characteristics, which helps to improve the employees’ performance. Therefore, the performance of employees is directly related to their biographical characteristics
Relationship marketing is a part of the marketing concept and strongly applies to this article. A company wants to build trust with its customers in order to build customer loyalty and a long-term bond. This gives the customer a value-added feature of doing business with a particular company. In marketing orientated companies, the customer's needs have to be targeted and different social classes or issues need to be taken into account. If a company does not take different sensitive and social groups into
rather than using cash alone. "The importance of countertrade as a trading tool has increased since early 1970s -especially in markets where there is a shortage of foreign exchange and countertrade may be the only effective marketing mechanism for doing business." (www.barternews.com, 2003) "One of the unique risks of countertrade transactions is that companies often find themselves handling products with which they are not familiar. This is probably the greatest risk in a countertrade transaction." ((www