Are there major differences and incompatibilities between

Reference no: EM13395509

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 of his origin several times. In other words, he knows the people and the culture. Or does he?

In an 850-1,050-word APA-formatted paper, address the following questions:

a. Are there major differences and incompatibilities between the U.S. and Czech cultures? Will these differences create major business risks for Steve? How might Steve mitigate these risks?

b. What comparative advantages exist in the Czech Republic? Can Steve take advantage of these?

c. Will Hofstede's four primary dimensions help Steve evaluate the Czech business environment? What are the likely results of this evaluation?

d. What kinds of trade barriers would Steve need to be aware of?

e. How would Steve assess the demand for pizza at different prices? How would he assess the cost structure he would face? What could Steve infer about the price and income elasticities of pizza?

Reference no: EM13395509

Questions Cloud

Assume that two countries engage in free trade recognize : suppose that the u.s and japan are two ricardian economies. both countries can produce only two goods automobiles and

Like engineers operations managers are very concerned : like engineers operations managers are very concerned about product and process design. however rather than focusing on

Strengths weaknesses opportunities and threats swot are : strengths weaknesses opportunities and threats swot are critical components of a marketing plan. for this assignment

Eplain the prevalence and transmission of this disease 1 : describe the prevalence and transmission of this disease.1. where in the world is the disease prevalent? how many

Are there major differences and incompatibilities between : steve kafka an american of czech origin and a franchisor for chicago style pizza has decided to expand his business

Write down a short summary describing the following search : write a short summary explaining the following search online sources for business headlines from the last 6 months.

For your own organization give three examples of key : understanding business metrics as key performance indicators kpis is a key part of business strategy and management. in

Explain the pathogenic effects on cells tissues and organ : describe the pathogenic effects on cells tissues and organ systems.1. where in the body what tissuesorganscells does

Which of the following is not an example of a product cost : which of the following is not an example of a product cost at a gym?a. salary paid to instructors.b. corporate office

User Account

All Pages