The Cultural Challenges of Doing Business Overseas

Assignment #6 The Cultural Challenges of Doing Business Overseas University of Phoenix The following paper pull up s claims discuss a study of Steve Kafka, an American of Czech roue and a franchiser for Chicago Style Pizza, who decided to expand his trade into the Czech Republic. This paper will discuss the major(ip) pagan differences and differences between the U.S. and Czech cultures, will take a fashion at what comparative advantages exist for Steve and how he can take advantage of them, and will also evaluate the Czech stemma environment by using Hofstedes four master(a) dimensions. The cultural differences will create a business jeopardy and how to alleviate these risks. Along with the trade barriers, Steve needs to be aware(p) of and assessing the demand of pizza and the cost structure. In previous eld the Czech economy was sluggish, then in 1989 Czechoslovakia along with Poland and Hungary undefended up their markets to the capitalist system. This helped the initial phases of economic transformation in the Czech Republic. During the transformation of state-owned enterprises to private hands the inefficient operations were shut down. Through liberalization, trade barriers, prices, and commercial laws aided self-command to the private sector.

During macroeconomic stabilization, the currency was deflated and the interest place were permitted and decided by the market forces. Although the economic progress has slowed in previous years in the Czech Republic, the low - apprehend costs, the exporting of manufactured goods along with a strong fiscal policy, which has direct to, balanced budgets ahead of joining the European Union (EU). The major industries are metallurgy, machinery and equipment, motor vehicles, glass and armaments. The Czech crops include: wheat, hops, saccharide beets, potatoes, barley, rye, onions, and fruit. The Tourism is important in the Czech Republic and the labor force is unified and well educated. The East European mess and Technical... If you want to get a full essay, order it on our website: Ordercustompaper.com

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