Cultural Challenges of Doing Business Overseas

The Cultural Challenges of Doing Business Overseas Doing business overseas has its rewards, as intimately as its challenges. This paper will analyze the economic purlieu and the foreign investment climate for the Czechoslovakianoslovakian Republic, in regulate to help Steve Kafka, an American of Czech origin, to expand his business in his country of origin. Steve is a franchisor for Chicago Style Pizza and wants to blossom forth a red-hot franchise in Prague, the capital of the Czech Republic. The paper will present the pagan differences between US and Czech culture that Steve must be aware of, the relative advantages that exist in the Czech Republic, as well as the macroeconomic and investment factors, trade barriers for his country of origin. Based on this analysis, Steve will be able to success totaly conduct his new business, knowing how to mitigate the risks that may be involved because of the cultural differences, as well as how to asses the cost structure and the exact for his product.

Differences and Incompatibilities between US and Czech Cultures The cultural differences between Czech Republic and United States stem from their unique historical ontogeny across centuries, from their specific traditions, structure of population, geographical position, surrounding peoples and cultures, and traditionalistic cultural and economic ties with other countries. The Czech Republic was break-dance of the Austro-Hungarian Empire for several centuries. Their civil law system was establish on Austro-Hungarian codes. During 1945-1990, the Czech Republic had a communist regime, as part of the Socialist Republic of Czechoslovakia. Nowadays, the Czech Republic authentic a free market economy, being one of the almost prosperous countries of the ex-Communist bloc. Their legal code was changed to eliminate the Marxist-Leninist concepts and to gentle the requirements of the Organization on Security and Cooperation in Europe (OSCE). piece building-up and maturing their own business legislation, the business... If you want to get a full essay, order it on our website: Orderessay

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