Cultural Analysis of Australia for International Business

Running Head: ISSUES IN INTERNATIONAL BUSINESS
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Issues in International Business
11/24/2018

ISSUES IN INTERNATIONAL BUSINESS
1
Contents
Introduction...........................................................................................................................................3
Rationale for the chosen host country (Australia)..................................................................................3
Cultural analysis of Australia................................................................................................................3
Business Culture of Australia and Singapore.........................................................................................4
Appropriate functioning of foreign companies in Australia (host country)...........................................6
Conclusion.............................................................................................................................................7
References.............................................................................................................................................8

ISSUES IN INTERNATIONAL BUSINESS
1
Introduction
The report brings about the discussion on the cultural aspects of the markets of the
host country and the related aspects. Each country has different cultural activities and cultural
rituals. The term culture includes many aspects, such as material goods, the things people use,
and produce. Culture also defines about how people think and behave, and perceive the
world, and understand their own lives. Culture of any country is composed of several
elements, such as customs, laws, dress, architectural style, social standards, religious beliefs,
and the traditions (Huang & Rundle-Thiele, 2014). Australia has been chosen as the host
country, and the home country as Singapore. Thus, the report will use information from the
Hofstede cultural dimensions for a company to operate in the chosen host country.
Rationale for the chosen host country (Australia)
Australia has been taken as the host country, for analysing the cultural background,
and comparing it with the home country as Singapore. The rationale or the reason behind
choosing the host country as Australia is to get the best job opportunities in accordance to the
skills and qualities. Working abroad is the best decision in terms of both personal and
professional development, and is one of the greatest challenging experiences. Work
experience in Australia i.e. outside the home nation, provides insight to the world and
broadens the horizons of an individual, and facilitates in continuation of career development
in the future.
Cultural analysis of Australia
The host country, Australia practices western culture which has been primarily
obtained from Britain, but it has been also influenced by some other factors within the
country. These factors include geographical characteristics of the country, cultural inputs of
certain other groups of people which consist of Aboriginal, Torres Strait Islander, and other
Australian people. Culture includes the beliefs, behaviour of people, objects and other
characteristics common to the people, or members of a particular group or society. In
addition, each country has some unique societal aspects of their culture, which describes