The Aspect of Cultural Mismatching
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Added on 2020-02-18
The Aspect of Cultural Mismatching
Added on 2020-02-18
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Running head: BUSINESS CASE STUDYBusiness Case Study Name of the studentName of the UniversityAuthor Note
1BUSINESS CASE STUDYExecutive Summary In this assignment relating to cultural aspect regarding global business, expansion of businessinto global territories can take place either via internal growth or mergers and acquisitions. Therecan take place the aspect of cultural mismatching when an organization will be making decisionsin setting up new operations within a new country, as because it will be taking time for learningthe cultural aspects as well as adopting the country’s traits. While making entry into the newmarket, the knowledge relating to organizational culture is considered important in respect ofmanagers and should be considered in the feedback process, and regarding the intrinsic as well asextrinsic rewards and so on.
2BUSINESS CASE STUDYTable of ContentsIntroduction......................................................................................................................................3Importance of cultural understanding regarding market entry and development............................3Analysis of the Indonesian culture by using the Hofstede Framework...........................................5Impact of CSR issues on the international business activities of an organization...........................8Incorporation of risk into market entry strategies using an Adaptation Strategy..........................10Description regarding the Association of Southeast Asian Nations (ASEAN).............................11Benefits and drawbacks of regional integration............................................................................11Conclusion.....................................................................................................................................12Reference.......................................................................................................................................13
3BUSINESS CASE STUDYIntroduction This case study is delving with the issues relating to the cultural aspect of globalbusiness. Sustainable business practices take into consideration the issues relating to CSR,foreign investment, as well as the advantages of regional integration in respect of the countrieswithin as well as organizations conducting business in that area. The organizations that are tryingto start their operations in a foreign nation need to consider the cultural changeability of variousareas of the world as well as developing a cultural understanding. Importance of cultural understanding regarding market entry and development When an organization is entering a new market, certain issues in regard to culturaldifferences might be encountered by the company. Cultural differences that need to beconsidered by the company entering the new market comprises of factors such as languages,religions, social standards as well as demographics. The significance of cultural understandingregarding the aspect of market entry and development are mentioned as under,1. The cultural aspect, which might be considered being national or organizational culture, willbe providing the company a better understanding for conducting business. It should be notedhere that the majority of the daily as well as regular business operations are considered beingculturally driven. 2. While entering a new market, an organization should not simply be relying upon its presentprocess of conducting business. The reason for doing so is that the every country is having a setof varied variables that can be regarded as new for an offshore company such as rules and
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