Importance of National Culture with respect to Global Business Environment

Added on - 28 May 2020

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Running head: CULTURAL DIFFERENCES IN TERMS OF INTERNATIONAL BUSINESSImportance of National Culture with respect to Global Business EnvironmentName of the student:Name of the university:Author note:
1CULTURAL DIFFERENCES IN TERMS ON INTERNATIONAL BUSINESSExecutive summaryThis study is aimed at understanding the importance of cultural awareness at the global level.The purpose is being explained with the help of Hofstede’s Cultural Dimension. In this paper,Australia and Saudi Arabia are being compared with each other. Some major differences incultures in between Australia and Saudi Arabia are being identified in this study. The paperpresents some suggestions as well in case if an Australian business is moving to Saudi Arabia.
2CULTURAL DIFFERENCES IN TERMS ON INTERNATIONAL BUSINESSTable of ContentsSection 1: Introduction:...................................................................................................................31.1 Introduction:..........................................................................................................................31.2 Factors that made national cultures important at the global level:........................................3Section 2: Main body of the essay:..................................................................................................52.1 Comparing the national culture based on Hofstede's Cultural Dimension:...........................52.2 Opportunities for business in Saudi Arabia:........................................................................112.3 Possible challenges in doing business in Saudi Arabia:......................................................122.4 Recommended suggestions to mitigate the challenges:.......................................................13Section 3: Conclusion:...................................................................................................................14References:....................................................................................................................................16
3CULTURAL DIFFERENCES IN TERMS ON INTERNATIONAL BUSINESSSection 1: Introduction:1.1 Introduction:International business means either operating on the global platform or utilizing theprospect of globalization to increase the business efficiency and enhance the competency level(Gurung and Prater 2017). It is also an interesting point that what all compels an organization tomove to international locations. They do it to widen up their market to increase their customerbase and most importantly, to enhance their market shares and maintain a progressive profitableventure (Gurung and Prater 2017). They also move to international locations to access theresources like technological advancement and the cost-effective production in the target foreignlocation (Gurung and Prater 2017). Globalization has widened up the scope and integrated thedifferent cultures on the same platform. Theglobalization of productionis one of its kinds thatcompanies use to increase its efficiency by accessing the technological advancements and thecost-effective production of the target country (Islam and Hossain 2016). Theglobalization ofmarkethelps to take a company-specific factor to the global platform to fetch a home likesuccess (Crane, Kawashima and Kawasaki 2016). Globalization of market is indeed a challengeas it involves cultural intervention in notable amounts. This creates problems for the humanresource management as they will have a diverse workforce to take care of. The managementfaces the challenge to understand the culture of the target country and finds this difficult to offeronly relevant products or services to customers. The study is aimed at understanding theimportance of national culture in the international business environment.1.2 Factors that made national cultures important at the global level:
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