The Cultural Challenges of Doing Business Overseas

Assignment #6 The Cultural Challenges of Doing Business Overseas University of Phoenix The following paper allow for discuss a study of Steve Kafka, an American of Czech line of work and a franchiser for Chicago Style Pizza, who decided to expand his fear into the Czech Republic. This paper will discuss the study ethnic differences and differences between the U.S. and Czech cultures, will pick out a project at what comparative advantages exist for Steve and how he can take advantage of them, and will also evaluate the Czech transaction environment by using Hofstedes four prime dimensions. The cultural differences will create a business hazard and how to alleviate these risks. Along with the trade barriers, Steve needs to be cognizant of and assessing the demand of pizza and the cost structure. In previous old age the Czech economy was sluggish, then in 1989 Czechoslovakia along with Poland and Hungary exposed 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 trading operations were shut down. Through liberalization, trade barriers, prices, and commercial laws aided will power to the private sector.

During macroeconomic stabilization, the currency was deflated and the interest rate were permitted and decided by the market forces. Although the economic progress has slowed in previous years in the Czech Republic, the low - proletariat costs, the exporting of manufactured goods along with a strong fiscal policy, which has take 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, dinero 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 handle and Technical... If you want to get a full essay, order it on our website: Ordercustompaper.com

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