This presentation discusses international business and communication, with a focus on China's culture and joint ventures. It also covers cultural sensitivity, Hofstede's culture dimension model, and communication strategies and recommendations. The presentation includes references for further reading.
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International business and communication
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Table of Content Introduction Introduction to China and its culture Success and a failure of joint venture Cultural Sensitivity Hofstede’s culture dimension model UK vs China Communication strategies and of the recommendations Conclusion References
Introduction There is the growing competition for the global organization therefore they are indulging themselves into the modes of internationalizationsuchasfranchising,jointventure, licensing etc. Theglobalorganizationareexpandingthemselvesby recognizingthemarketopportunitiesinthedeveloping countries and then adopt internationalization. Internationalbusinessandtradeisconsideredasthe internationalization where the business organization involve in supply of their goods and services across the borders.
Introduction to China and its Culture China is the worlds most populous country in the East Asia with the population of approximately 1.4 million. The country is fast growing developing country in economy. China is leader in science and technology all over the world as country has donevarious ancient inventions.
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Success factors ofJoint venture Success factors The China culture of high telecom service users is the success factor for the, UK to have the Joint venture with China as this will increase the sales of the company in china and also the overall year revenue will be increased. The China is the leader of the science and technology which will provide the company a opportunity to drive innovation and develop internet services for the consumers all over the china and UK.
Cultural sensitivity The cultural sensitivity is term that implies as thecrossculturalawarenessthatisthea knowledge,sense,acceptanceandthe understanding of someone else culture as the part their values. Fortheorganizationtoputitsfootinto international market through the joint venture it is essential to have the deep insight about cultural sensitivity because a lack of knowledge canleadtounintentionalharmtothe sentiments.
Hofstede culture dimension model China vs UK According to the (Hofstede Insights, 2021), The Hofstede's cultural dimension model is the framework derived by the Greet Hofstede which is all about the providing a deep insight and understanding about the culture of the country in which business is planning to operate. The different cultural dimensions of the theory are discussed below in context of UK vs China: Power distance Index Individualism- Collectivism Masculinity- femininity Uncertainty avoidance index Long term and short term orientation Indulgence and Restraint Individualism-Collectivism
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Communication strategies and Recommendations To get rid off the communication barriers it is very essential for UK to comply with some communication strategy which will fill the gaps of communication and also lead to effective communication. The communication strategy will also help the UK to focus on the competitive market place. communication strategy is also useful to maintain the working environment that is flexible and open to communicate. The UK is recommended to use the upward use the visual communication strategy as this will be useful to convey the message of company's vision and mission among employees. This will also help in attracting the consumers towards the company's services.
Conclusion It is concluded from the above report that for the organisation to do business in the foreign developing country the company must evaluate the culture factors before establishing the businessastherearevariouschallengesandbarriersofrelatedtothecultureand communication. The organisation must utilize the appropriate theory like Hofstede's culture dimension model to analyse the key difference between the culture of two countries. Hence therefore the organisations are suggested to use different communication strategies that will help in resolving the communication challenges and barriers and make the joint venture more successful and profitable for the organisation.
References Grace, R. and Tham, J. C. K., 2021. Adapting Uncertainty Reduction Theory for crisis communication: guidelines for technical communicators.Journal of Business and Technical Communication.35(1). pp.110-117. Gu, F. F., Wang, J. J. and Wang, D. T., 2019. The role of sales representatives in cross-cultural business-to- business relationships.Industrial Marketing Management.78. pp.227-238. Haglund, L., Kovala, T. and Lindh, C., 2019. Managing complexity through business relationships: the case of the Swedish electricity market.International Journal of Management and Decision Making.18(2). pp.209-227. Hartley, J., 2019.Communication, cultural and media studies: The key concepts. Routledge. Hoberman, J., 2020. Sportive nationalism and globalization. InPost-Olympism?(pp. 177-188). Routledge. Obstfeld, M., 2021.6. International Capital Mobility in the 1990s(pp. 201-261). Princeton University Press. Qian, D. D. and Pan, M., 2019. Politeness in business communication: Investigating English modal sequences in Chinese learners’ letter writing.RELC Journal.50(1). pp.20-36. Skaar, A. A., 2020.Permanent establishment: erosion of a tax treaty principle. Kluwer Law International BV.
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