The Cultural Challenge of Doing Business Overseas

The Cultural Challenge of Doing Business Overseas Many executives sample to flesh out their companies into new markets so they can pull in more profits. Domestically, these executives swan on many indicators such as area regard, barter estimates, demographics and household incomes to determine if expansion could be profitable. Internationally, the executives not barely have to factor in the uniform business indicators listed above, simply they also have to consider the varied culture, language, values and traditions of another(prenominal) country. This paper will examine some of the difficulties and issues that Steve Kafka, an American of Czechoslovakianoslovakian origin and a pizza franchisor, will see as he seeks to expand his business into the Czech Republic. The Czech Republic fit in to Countrywatch (2009), the Czech Republic gained independence in 1993 following the disengage workforcet of Czechoslovakia. The Czech Republic linked the European Union in May 2 004. The economic forecast for 2009 is that the economy will look at sharply because of the spillover effect of the global financial crisis, the shrinking demand in the European area is curtailing exports and direct investment inflows and change credit conditions in country is weighing on domestic spending (Countrywatch, 2009). U.S.

and Czech Cultures Steve Kafka was born in America, but has family and friends in the Czech Republic, speaks Czech fluently and has visited the country of his origin some(prenominal) times. He has seen firsthand the differences in culture between the U.S. and Czech. In addition, h e probably acquire from his family many sub! tle traditions and alone(p) cultural things seldom shown to outsiders. He should drive in that few Czech men cook, so the women traditionally do it (Culturegrams, 2009). Therefore, it may be suitable to open more pizza shop style restaurants as the economy contracts and both parents start working. If women and men work, then restaurants specializing in dining out or take-out feed could rise in popularity. In...If you want to get a replete essay, order it on our website: OrderCustomPaper.com

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