Cultural differences are critical to success in business

Assignment Help Business Management

Reference no: EM13797248

Understanding cultural differences are critical to success in international business. A country's culture reflects and shapes its values, and each country adopts laws that reflect their prevailing ethical standards.

Consider the following scenario:

To assist the sale of your products in a particular foreign market, you are advised to pay a 10 percent commission to a go-between who has access to high-ranking government officials in that market. You suspect, but do not know, that the go-between will split the commission with the government officials who decide which goods to buy.

Research the importance of understanding cultural differences in global business. Then, respond to the following:

Should you pay the 10 percent commission? Justify your response.

Does it make a difference if your competitors routinely pay such commissions? Explain why this may or may not have an impact on your decision.

Do you think there should be more or fewer attempt to regulate international ethics? Why?

Write your initial response in 300-500 words. Your response should be thorough and address all components of the discussion question in detail, include citations of all sources, where needed, according to the APA Style, and demonstrate accurate spelling, grammar, and punctuation

Reference no: EM13797248

Questions Cloud

Assignment public speaking self-reflection : How would you plan to improve weak areas to accomplish your goals

What might be reasons for the similarities and differences : compare and contrast the two lists each member submitted, noting any similarities, differences, and themes. Some points to consider are: What might be the reasons for the similarities and differences?

Article describing the nature of the problem : How does each article describe the nature of the problem, issue, or deficit you have identified?

Swirl of conflicting cross-currents : The U.S. government's expansive role in public policy is caught in a swirl of conflicting cross-currents. On the one hand, popular expectations about government's responsibility to solve problems often exceed the capacity of state and local author..

Cultural differences are critical to success in business : Understanding cultural differences are critical to success in international business. A country's culture reflects and shapes its values, and each country adopts laws that reflect their prevailing ethical standards.

How is the studying motivation when the persons have a goal : How's the studying motivation when the person's have a goal and dream working to achieve it and when he is in the high school and don't have a goal?

Assignment on personal action plan : Why was this situation out of your comfort zone?

Different styles of management : Describe and explain in detail the three secrets of the One Minute Manager and how you can use them now. Give concrete examples.

Differences between kent and kendall visions of intelligence : What are the most important differences between the Kent and Kendall visions of intelligence? Why are these differences so important and worth discussing? Which vision might be most applicable today and why?

User Account

All Pages