Nobody downloaded yet

A cross cultural comparison into the significance of personal familiarity and respect within business arrangements in Romania and the United Kingdom - Dissertation Example

Comments (0) Cite this document
Summary
The secret of a successful economic development of any business lies in its expansion on international level. The globalization has created an acute need to expand the business internationally. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.1% of users find it useful
A cross cultural comparison into the significance of personal familiarity and respect within business arrangements in Romania and the United Kingdom
Read TextPreview

Extract of sample "A cross cultural comparison into the significance of personal familiarity and respect within business arrangements in Romania and the United Kingdom"

Download file to see previous pages The globalization has created an acute need to expand the business internationally. The cultural factor is one of the most influential factors in the accomplishment of business aims. Culture is the sentimental factor of every country. The business manners and etiquettes vary in every culture. So it is very important to be familiar with the culture of the country. Approach: The study is held with the comparative analysis of the corporate culture between the two European nations. Britain and Romania have been taken for the culture study on corporate scenario. The paper aims at finding out the cultural differences between Britain and Romania. Despite being European country, there is a vast difference between the cultures of these two different countries. The paper first focuses on the international business relationship between Britain and Romania with recent statistic. Further the paper discusses Romania’s corporate culture and Britain’s culture. Scope to the study: Though it is a management and business related research paper, the paper focuses on the cultural issues in business world. Awareness, respect, and honour to the other cultures has become one of the major prerequisites of the corporate leaders Practical implication: The study includes the following corporate cultural aspects of Britain and Romania: Languages/ religious orientation Cultural Values Etiquettes and manners Behaviour Symbols Body language and their meaning Key words: Comparative analysis, Britain Romania, Cultural factors, corporate world. INTRODUCTION Due to globalization the business has crossed its local and national peripheries. ‘Globalization is rapidly breaking down our vision of a world with well-defined national, cultural and linguistic boundaries.’ (Irina Budrina 2011) For its growth and expansion, the businesses have to rely on international dealings. Mergers, acquisition, joint ventures are the common phenomena in today’s globalized corporate environment. The corporate tasks are majorly performed by the employees from different cultural background. Culture has an influence on the way people operate and manage their businesses. It also plays a significant role in the way managers negotiate and interact with other business people, organisations and consumers. ‘It is important that you adapt your management style to reflect the market in which you are working.’ (International Marketing Challenges, Smart Biz Connect) New strategies related to multiculturalism have been dominating in the organizations. Knowledge and well understanding and benefitting from cultural differences has become one of the major challenges to the organizations that are operating on global level. ‘Each nation has a distinctive culture and different beliefs about what business activities are acceptable or unethical.’ (Ferrell, Fraedrich 2009 p.150) Consequently it has become crucial to consider cultural aspects while designing the strategies. Intercultural competency has become one of the most important prerequisites in the increasingly global business. The term intercultural competency is associated with the ability communicate effectively with the people of different cultures. While training and orienting people who are going to be the leaders, they have been given the training of cultural knowledge needed for a successful business. It is essential for the manager to understand and respect the cultural aspects of the country in which they want to establish their business. ‘Failure to place marketing strategy in the cross-cultural context of the countries where a company is doing business will work to the detriment of brands and business relationships.’ (Emery and Tian, 2003, 2002; Tian 2000) The cultural factors include language, behavioural pattern, their ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“A cross cultural comparison into the significance of personal Dissertation”, n.d.)
Retrieved from https://studentshare.org/business/1474198-a-cross-cultural-comparison-into-the-significance
(A Cross Cultural Comparison into the Significance of Personal Dissertation)
https://studentshare.org/business/1474198-a-cross-cultural-comparison-into-the-significance.
“A Cross Cultural Comparison into the Significance of Personal Dissertation”, n.d. https://studentshare.org/business/1474198-a-cross-cultural-comparison-into-the-significance.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF A cross cultural comparison into the significance of personal familiarity and respect within business arrangements in Romania and the United Kingdom

Business Environment in United Kingdom

...periods of deprecession businesses in the UK are faced with declining profit margins and poor share prices in the london stock exchange (Black 2009). The businesses have also been impacted on negatively by the rising interest rates which has made the cost of borrowing high and reduced the profits. Moreover, the government policies and regulations on trade in the United Kingdom is also important in influencing perfomance in market (Simpson 1996). With a cut in the government expenditures the turnover of businesses were bound to reduce since the government is a core purchaser and their cut ill reduce the level of demand. Businesses...
11 Pages(2750 words)Essay

Initiatives to develop respect towards referees in the United Kingdom

...?Initiatives to develop respect towards referees in the United Kingdom Introduction The present day sports is more than a sport which displays on field violence by the player between team, indiscipline behavior, breaking the rules of the games, cheating which are all part of the game for winning cause. Sports is an important part of our society as it brings people from varied culture and backgrounds at one place cheering for their teams and players. These people can be from different places, religion, caste and various other factors which are considered discriminatory in social norms come to an end in a sports extravaganza. Players are their heroes; they worship them,...
21 Pages(5250 words)Essay

Cross-cultural business issues

...establishment. Cross cultural ethical differences have significant impacts on marketing. Gift giving in china is a sign of respect and business etiquette. The gifts however require careful choice to avoid influencing the decisions of the recipient. In such cases, the gift is considered as a bribe, which may break the business ties. In USA, bribes are considered unlawful, but in some parts of china they are part of the business process. The market penetration may require breaking the law by giving some bribes. Individualism is common in USA, but the Chinese prefer community integration. Americans have egoism, and feel...
3 Pages(750 words)Coursework

Cross-Cultural Comparison

...of the desk of a security officer was a device for voting which allowed individuals to vote that individual’s service as satisfactory or unsatisfactory. I also observed that Chinese children are usually taught to be good listeners than good speakers. In Chinese culture, good listening translates to obedience and respect (Fang, Tony, ShumingZhao, & VernerWorm, 2008). However, things in the business world are changing as China is thriving to become a major superpower. Most Chinese leadership conferences and books are now centered on the Western philosophy whereby interpersonal communication is quintessential to business success. Therefore, although...
5 Pages(1250 words)Essay

Digital Business Proposal:Manchester, United Kingdom

...in Manchester, UK. The company headquarters will also be established in Manchester. Personal market research revealed that there is high demand for maintenance and plumbing services, but the existing companies are not able to provide services to the customers’ expectations or standards. Quality service is a problem, with some of the service providers even failing to show up for service appointments. This business expects to exploit this opportunity, and improve services to ensure a sustainable long term business. 2.0 Business Strategy 2.1 Business Model Maintenance and plumbing services industry in Manchester is characterized by poor and slow response to...
13 Pages(3250 words)Essay

Business in the United Kingdom

...-how and innovation administration (Bulli: 7). An absolute analysis for the UnitedKingdom in comparison to other major economies of the world states that the UK has been lacking large firms, which prove to be the main-stream performers of the business in R & D for the reason that over-seas R & D flows as well as collaborations are extensively significant occurrences in anatomizing the development systems, and that the UK is well structured to benefit from an increment in the international R & D motion. As per Bloom and Griffith's notice, the internationalization of R & D has been taking place in the UK for quote some period... and ...
4 Pages(1000 words)Essay

Extradition within the United Kingdom

...on specific basis. In other words, this can be achieved through random arrangements with that respective country. In other circumstances, this may be done through multinational conventions or in other circumstances; the UK may need to engage in a bilateral arrangement. All in all, the arrangements must be such that they have been agreed upon between the two countries. The details of these procedures can be seen in the latter section. Detailed description of the Extradition Act 2003 Extradition within the United Kingdom is comprehensively covered by the Extradition Act 2003. This Act was passed in the latter year and...
18 Pages(4500 words)Essay

Cross-Cultural Business Expansion Management

...to be binding agreements. Signing a contract could even be considered a starting point of negotiations on the contract if it is a draft document since a final agreement could only be signed once a relationship between the parties has developed to a significant level (LACLC, 2007). Therefore, while doing business in china, it would be good if our managers saw the draft contract as a starting point rather than a document that only needs minor changes. Perhaps the most important aspect of doing business in China is the idea of keeping face. Face is kept by the Chinese if they are shown respect by their peers and is taken as a mark for personal honor. If...
8 Pages(2000 words)Essay

Cross cultural business issues

...first Cross cultural business issues Introduction Globalization and increasing employment opportunities have lessened the distance between people from different cultures and communities, requiring them to work closely with one another. While this setup has been highly advantageous for business purposes as well as employment, it brings certain hidden challenges that affect the way business and relationships are conducted and established, respectively. This paper evaluates the impact of national cultural differences in management and communication on business performance and management...
4 Pages(1000 words)Essay

Cross-cultural comparison

...Cross-Cultural Comparison The Ashanti The Ashanti are a small tribe that live in central Ghana, Africa. The Ashanti are well-known for placing a huge importance on the family unit. Children born in the Ashanti tribe are said to inherit their soul (or ntoro) from their father, and their flesh and blood from their mother (mogya), and they believe that this makes children more closely related to their mother. The Ashanti do not live in family units based on this typical mother, father, child scenario, but rather live together in extended family units. This family group live in several huts surrounding a central courtyard, and the head of the group is the eldest brother, elected by a council of elders (Fortes, 2008). Marriage is also... ....
3 Pages(750 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 Dissertation on topic A cross cultural comparison into the significance of personal familiarity and respect within business arrangements in Romania and the United Kingdom for FREE!

Contact Us