Nobody downloaded yet

Cultural Differences in Business - Essay Example

Comments (0) Cite this document
Summary
Article Review Connie Johnson October 3, 2011 University of Phoenix Cultural differences exist among the 210 countries in the world. The culture of each country affects how the people visualize ethical decisions. Countries that have developed economies tend to have a higher ethical standard than emerging economies…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.8% of users find it useful
Cultural Differences in Business
Read TextPreview

Extract of sample "Cultural Differences in Business"

Download file to see previous pages It is important to consider that the United States is a developed economy, while Jamaica and China are emerging economies. China is one of the fastest growing economies in the world and a member of the elite BRICS group. Jamaica on the other hand has struggled to adapt to the business realities of the 21st century. The article presented three ethical situations. The first scenario depicted the general position of businessmen in terms of pollution and environmental laws. Jamaica businessmen are more willing to disregard environmental laws in order to make a profit. The second scenario relates to bribes. In China businessmen are more willing to accept and give out bribes to land a business contract. This position probably is this way due to the centuries of communist regime China has lived through. The third ethical scenario concerned defective product. China was the country that showed the lowest disregard for quality issues. All three countries seemed to believe in the utilitarian ethical approach which implies that it is more important to attend to the countries concerns and needs than ethical matters. The use of positive economics was present within the article. Since the study is a peer review journal article positive economics was used often. ...
I read the article twice and there is a slight possibility that no normative economic statements were used. The concept of economizing seemed to be more important within the Chinese culture. The fact that Chinese businesspeople are willing to provide lower quality goods is evidence that the businessmen in China prefer to save a buck to increase operating margins. Another potential reason that economizing is important in China is due to the fact that China has the highest population in the planet. Jamaica was the economy that had the worst market efficiency among the three countries and it also had the lowest uncertainty avoidance. The findings of the article suggested that during the last ten years the ethical positions have not change much in the three countries with the exception of Jamaica being willing to accept lower environmental standards to attract investor in an effort to jumpstart its struggling economy. China has moved away from its command economy and has become more of a free economy. This has been instrumental in the success this economy has had worldwide. China is the biggest exporter of manufactured goods in the globe. Overall the ethical tests showed that the United States as a developed economy has a higher ethical standard in business matters than China and Jamaica. References Fok, L., Hartman, S., Kwong, K. (2005). A Study of Differences in Business Ethical Values in Mainland China, the U.S., and Jamaica. Review of Business, 26(1). ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Cultural Differences in Business Essay Example | Topics and Well Written Essays - 1000 words”, n.d.)
Retrieved from https://studentshare.org/business/1432594-week
(Cultural Differences in Business Essay Example | Topics and Well Written Essays - 1000 Words)
https://studentshare.org/business/1432594-week.
“Cultural Differences in Business Essay Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.org/business/1432594-week.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Cultural Differences in Business

Cultural differences in business life between Germany and USA

...?Table of Contents Table of Contents Cultural differences in business life between Germany and USA 0 Introduction The major issue of concern in the business life is the ability to communicate effectively with people from different cultures. Lack of cooperation ends negotiations without any closed partnership. Culture of different individuals involved in a business deal may have both negative and positive impacts on a business deal. Culture is known to be a collection of given values, beliefs, behaviors, customs, and attitudes of people of a specific...
9 Pages(2250 words)Essay

Business and cultural differences

...?Business and cultural differences between UK and China Table of Contents Introduction 3 2 Cultural differences between United Kingdom and China 3 2.1 Power Distance Index 4 2.2 Individualism 4 2.3 Masculinity 5 2.4 Uncertainty Avoidance 6 3 Issues which might arise as a consequence of cultural differences for the managers of Marketing and Human Resources department 7 4 Recommendations on how to successfully deal with any potential issues 10 5 Reference: 11 6 Bibliography: 11 1 Introduction Culture may be defined as the behaviours and beliefs of the people which are passed from one generation to the next...
9 Pages(2250 words)Essay

Importance Of Understanding Cultural, Ethnic, And Gender Differences By Managers And Professionals In A Business Setting

...? ID Lecturer Importance of understanding cultural, ethnic, and gender differences by managers and professionals in a business setting It is difficult at times to make-do with situations that ask for doing something which is just not happening. Same is the case with the organizations where diversity is difficult to manage. The managers and professionals need to exactly pinpoint how the basis of cultural, ethnic and gender differences within the midst of an organization need to be tackled. This is because they have to find out ways and means through which these differences could be kept away from an organization. Unquestionably, this is...
3 Pages(750 words)Research Paper

Business Models and Cross-Cultural Differences

...?Business Models and Cross-Cultural Differences Lecturer: Problem The company relies on technological and design dimensions of the LED photo modulation so as to develop an operational process. It would be difficult to meet patients’ expectations of wrinkle removal and skin treatment, if design and innovations in a scientific process is not carried out. Increased chances of newer discoveries in cosmetic surgery make improve possibilities of the company to satisfy customer requirements. The cost of laser treatment is lower compared to the physician model inferring that clients have options to make owing depending on their financial ability. The annual quantities can be estimated. For...
3 Pages(750 words)Assignment

How Various Cultural Differences May Affect the Success of International Business Negotiations

...? Discuss how various cultural differences may affect the success of international business negotiations. Evaluate several strategies that negotiators can use to manage successfully these cultural differences The global business scenario has passed through different phases, and opportunities of international business have grown over the years. Negotiation is one of the primary aspects of doing business although cross-cultural barriers often pose serious difficulties in conducting successful business or creating a win-win situation from which both sides...
7 Pages(1750 words)Essay

International Business - Cultural Differences

...variations. Differences between national culture function as an obstacle to various aspects of international business management, including HRM and marketing. With specific reference to HRM and marketing, this essay will examine the potential problems which a UK owned hotel, operating in China and Russia, among numerous other countries, may confront. 2 The Culture Construct In order to understand the challenges which the UK-owned hotel may confront in the management of its operations in China and Russia, it is important to begin with a clarification of the implications of the culture construct. The reason is that since culture has...
8 Pages(2000 words)Essay

International Business Practices - cultural differences

...Being aware of cultural differences is vital for the sales managers. Each country has its own peculiarities regarding the way business is conducted and potential sales negotiated. South Africa, United Kingdom and Australia have completely different business practices and to ensure the successful cooperation sales manager should pay close attention to them. In Australia for example, business people are very enthusiastic in conversations and debates and prefer to discuss issues during face-to-face meeting rather than on the phone (Australia Business Etiquette, 2003). The sales manager should be ready to discuss such distant to business topics as religion and politics. The best method is to wait until Australian partner brings... ...
2 Pages(500 words)Essay

Cross-cultural gender differences in the UK and Japan business

...CROSS-CULTURAL GENDER DIFFERENCES IN THE UK AND JAPANESE BUSINESS (A CASE STUDY OF BRITISH AIRWAYS AND TOYOTA) 2005 CROSS-CULTURAL GENDER DIFFERENCES IN THE UK AND JAPANESE BUSINESS (A CASE STUDY OF BRITISH AIRWAYS AND TOYOTA) Culture is more often a source of conflict than of synergy. Cultural differences are a nuisance at best and often a disaster. Dr. Geert Hofstede Introduction In terms of accelerating globalization cross-cultural differences in business are becoming increasingly important for research analyses. Also...
12 Pages(3000 words)Essay

Managing Challenges of Cross Cultural Differences in International Business

...1. Introduction Decades ago, the level of cross-cultural business dealings were limited to import-export transactions. But with the rapid phase of globalisation, growth in Free Trade and the relaxation of Foreign-Direct-Investment policies of many of the previously closed economies, today’s business executives are required to deal with counterparts from different countries on a regular basis. These cross-cultural business relationships require a high level of awareness and sensitivity to the diverse national cultures. While many companies may attempt at setting up International Joint Ventures (IJV’s), many do not progress even further than the negotiation process, mainly due to the challenges in managing cross-cultural differences... ...
11 Pages(2750 words)Essay

Latin influence in America social and cultural differences in Business

... Latin influence in America Social and Cultural Differences in Business Culture affects the way business is done in any society. Different ethnic group have different cultures and attitudes as well as social structures and this affects the way they conduct business. A look at the United States of America and Latin America indicates that there are very conspicuous social and cultural differences that differentiate the way they do business. However, as DonQuote (Para 1) says, the recent years have seen the influence of Latin culture in American business. With regard to cultural differences, the Latin culture in business has an inward looking culture where the business partners tend to stress more on the loyalty among the partners... . With...
2 Pages(500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Cultural Differences in Business for FREE!

Contact Us