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.
Nobody downloaded yet

Cross-Cultural Transaction Management - Essay Example

Comments (0) Cite this document
An essay "Cross-Cultural Transaction Management" claims that joint ventures are generally proposed to enable firms to enjoy the opportunity of exploiting the capacity of their partner which is not currently possible while also extending similar privilege to the partner…
Download full paperFile format: .doc, available for editing
Polish This Essay93.2% of users find it useful
Cross-Cultural Transaction Management
Read TextPreview

Extract of sample
"Cross-Cultural Transaction Management"

Download file to see previous pages The Chinese space for individuals to make decisions appear to experience some direct influence from the government, the US has a liberal space for individuals to decide on many issues without a direct influence from the government. Politics around the social scene affects the cultural definition between the two countries with the Chinese culture being closely monitored and dictated upon by the strong political forces. The US democratic model is perhaps one of the most liberalized in the world making it one of the leaders in the most favored nation (MFN) in economic terms. In contrast, the Chinese political setting has been a socialist model that appears to be on the opposite end when compared to democracy, which depicts the setting as intolerant of democratic values and principles. Entering the Chinese market to set up shop is likely to be subjected to tight government bureaucracies than in the US. The government cronies found all over China may pose the greatest challenge to setting out investment due to their political inclination thereby affecting foreign investment. In addition, the highly patriarchal cultural system that is established in the political arena hinders the role of women in Chinese economy.The Motosuzhou management makes are defined by high political influence right from the organization structure. Considerations of the political influence that the Electrowide joint venture may have on the Chinese foreign policy of isolation based on its government structure come into the equation....
that the government has accorded Motosuzhou along side other 1000 companies in terms of liberal decision making, the role of Minister of Finance in the internal structure contradicts this assumption. Socialist model of the Chinese culture that emphasizes on understanding social attributes of the negotiation panel forwarded by Electrowide also consumed a lot of time that would otherwise have made progress in terms of the Americans’ estimation. Gender discrimination of female negotiator in the Electrowide team was not welcome from the Americans causing more frustrations. Negotiations failure between Electrowide and Motosuzhou Joint venture negotiations must contemplate the selection criteria of a partner for success in such negotiations, which were heavily compromised in the Electrowide and Motosuzhou case. During the negotiations, it was not clear what each partner was willing to obtain and offer as part of the joint venture. The Chinese team acted casually and did not utilize the time as the American team expected during the negotiations. Several assumptions were made by both parties which were not the exact positions of the intended entry strategies for the other parties. The accounting policies that the two firms applied in their operations were very different, for instance, in the treatment of manufacturing costs and their allocation in the books. For better performance of the joint venture, it is important that the internal operations of the firms are not very different for purposes of harmonizing the joint operations. As it also appeared in the disparities, Motosuzhou did not strictly comply with audit rules which are fundament in American corporate operations. Thirdly, communication is a basic necessity in the negotiations of a joint venture as well as during ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Cross-Cultural Transaction Management Essay Example | Topics and Well Written Essays - 1500 words”, n.d.)
Retrieved from https://studentshare.org/management/1441445-read-the-paper-and-answer-the-questions
(Cross-Cultural Transaction Management Essay Example | Topics and Well Written Essays - 1500 Words)
“Cross-Cultural Transaction Management Essay Example | Topics and Well Written Essays - 1500 Words”, n.d. https://studentshare.org/management/1441445-read-the-paper-and-answer-the-questions.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Cross-Cultural Management
Cross-cultural management Name: Institution: Abstract: One of greatest challenges for international leaders is motivating employees from different cultures. Motivation is the willingness of employees to exert efforts towards achievement of objectives of the organization.
10 Pages(2500 words)Essay
Mergers & Acquisitions
Since the past decade, the globalisation of the businesses across the globe has initiated a search for the competitive advantage, worldwide. With the increased competition to fetch the customer satisfaction in a cost effective way, the companies have responded to the pressure of attaining scale in a quickly consolidating global economy
10 Pages(2500 words)Essay
Cultural Diversity Management: Business Ethics and CSR
The diversity can ranges beyond the race, ethnicity, age, gender, education, geographic, region, religion, sexual preferences and parental status (Baroutas, 2011, p43). Workplace diversity is an important by product of diversity. It’s a people issue that focuses upon the differences and similarities that people usually bring to an organization (Hacker, 2011, p93; Susan, 2011, p183; Joe Joe, 2011, p52).
6 Pages(1500 words)Essay
Cultural Differences Essay
Inpatriates have societal information of worldwide operations and nations facilitating the alteration of managerial strategies to a confined competitive/market circumstances while guaranteeing their steadiness and management with the existing international strategic propel (Cox, 2001, 89).
14 Pages(3500 words)Essay
International Management Competencies
The conclusion from this study states that cultural intelligence is a unique quality and is critical for effective leadership in cross-cultural or intercultural settings. Leaders in these contexts require special competencies like knowledge about multiple cultures and their manifestations as well as differences between cultural dimensions of various countries etc.
12 Pages(3000 words)Essay
Why managers may face difficulties when managing employees in a cross-cultural context
The questioning on the cross-cultural context has been raised because of the problems that many managers faced in the country they were sent to. In Expansin1, a management/strategy magazine in Mexico, we could read in the July 6th 2005 issue the story of Donald Gleason, a U.S.
4 Pages(1000 words)Essay
Module Title:Non Traditional Approaches to Qualitative Research in Business and Management
According to Way and Johnson (2005), theoretical foundations of human resource management include resource-based view; multiple stakeholder perspective; vertical and horizontal linkage; systematic agreement including structural alignment, cultural alignment,
12 Pages(3000 words)Essay
Managing Conflict and Negotiating
Under appreciation, it is important that the two conflicting groups must be acknowledged, in some aspects including but not limited to their thoughts, feelings, and actions. The reason why conflict at Apple Incorporated
2 Pages(500 words)Essay
M4A2-Theory and Development
The incorporation has a positive impact in attracting customers from each group who are urged to buy from their own people in order to further motivate them. Another
3 Pages(750 words)Essay
Negoatiation contract
Before starting contract with anyone or with another country, there should be well design strategies that lead to success. According to Mesa (2014), about the cultural approach to the management of human resources and the analysis of Hofstede’s cultural
5 Pages(1250 words)Essay
Let us find you another Essay on topic Cross-Cultural Transaction Management for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us