Establishing businesses abroad requires considering a multiplicity of factors linked to trade policies and culture. As managers,
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Question:
Establishing businesses abroad requires considering a multiplicity of factors linked to trade policies and culture. As managers, we must reconcile the local business profile with the culture of the foreign market that one wants to assimilate. In this task you will investigate and evaluate a case and show your position regarding it.
Instructions
- Research the following companies and how they have been involved in events where their expansion plan is called into question as a result of culture clash with the foreign country.
- McDonald's and its expansion to the market in Japan
- Wal-Mart and its expansion to the market in Germany and India
- Answer the following questions:
- Assuming you are the CEO or president of the company, justify the internationalization of the company as a response to globalization.
- Explain in your own words each of the cases in terms of what the multinational companies McDonald's and Walmart were looking for and the results obtained.
- It describes the cultural realities faced by McDonald's and Walmart and their relationship to the cultural dimensions of Hofstede and Trompenaars.
- Put yourself in the position of a person belonging to the affected foreign country (Japan, India or Germany). What is your perspective on the culture shock situation and how could it translate into a lack of ethics?
- Argues about the importance of considering culture in international business management. Support your answer in the theoretical foundation presented by Hofstede and Trompenaars.
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
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