Cultural Challenges Of Doing Business

Cultural Challenges of Doing Business Overseas This paper give advert an compendium of Steve Kafkas decision to open and ope range a Chicago-style pizza pie pie melodic line in the Czechoslovakian country (University of Phoenix, 2011). This analysis will include information on the non-Jew differences among the United States and the Czech republic and how these differences may affect the byplay climate. This paper will too review potential risks in doing vocation overseas and what Kafka may be able to do to mitigate these risks. In addition, trade barriers and price structures will in like manner be discussed. Background Kafka is an American of Czech heritage, speaks fluent Czech, and has traveled to the Czech Republic on many occasions, thus giving him arrogance in his understanding of the business environment and economy opportunities (University of Phoenix, 2011). Kafka too has many friends and family members living in the Czech Republic which al so give him the ability to wagerer learn about cultural differences and standard customs. The Czech Republic is a member of the European Union, NATO, the World Trade Organization, the European Bank for reconstructive memory, and the International pecuniary Fund, and the International Bank for Reconstruction (Doing Business, 2011).

The monetary unit use is the Czech crown rather than the Euro and credit cards ar commonly accepted, including the Maetro, Visa, Euro Mastercard, and the American excerpt card (Doing Business, 2011). Prague, the capital metropolis where Kafka has decided to open his pizza business, has much than one billion residents and receives approximately four ! gazillion visitors each year. The fact that the city is such a jumbo tourist destination is evidential as 80% of the visitors argon foreign and are more than likely familiar with the Chicago-style pizza that Kafka will be offering. other positive factor is that the unemployment rate in Prague is 3.5% so thus far local residents will have the income and ability to frequently eat...If you pauperization to get a full essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay