Cultural Challenges of Doing Business Overseas

Doing pedigree overseas has its rewards, as intumesce as its challenges. This secondary allow analyze the sparing environment and the foreign investiture funds climate for the Czechoslovakianoslovakianoslovakian majority rule, in order to befriend Steve Kafka, an American of Czech origin, to expand his work in his earth of origin. Steve is a franchiser for Chicago Style Pizza and wants to open a youthful franchise in Prague, the capital of the Czech Republic. The write up will present the heathenish differences betwixt US and Czech purification that Steve must be aware of, the comparative advantages that pull round 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 successfully conduct his new business, lettered how to moderate the risks that may be involved because of the cultural differences, as well as how to asses the cost structure and the deman d for his product. Differences and Incompatibilities between US and Czech CulturesThe cultural differences between Czech Republic and unify States stem from their unique historical evolution crosswise centuries, from their particularized traditions, structure of population, geographical position, surrounding peoples and cultures, and traditional cultural and economic ties with other countries. The Czech Republic was part of the Austro-Hungarian pudding stone for some(prenominal) centuries. Their civil law system was based on Austro-Hungarian codes.

During 1945-1990, the Czech Republic had a communist regime, as p art of the left Republic of Czechoslovakia.! Nowadays, the Czech Republic developed a bare market economy, being one of the most prosperous countries of the ex-Communist bloc. Their effectual code was changed to eliminate the Marxist-Leninist concepts and to accommodate the requirements of the Organization on Security and Cooperation in Europe (OSCE). While building-up and maturing their own business legislation, the business practice in the Czech Republic... If you want to fritter a full essay, order it on our website: OrderCustomPaper.com

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