This website uses cookies to ensure you have the best experience. Learn more

Social, Cultural, Economic, Legal And Political Differences Among Nations Affect International Business

810 words - 3 pages

This paper describes some of the ways in which social, cultural, economic, legal and political differences among nations affect international business. Specific real world examples of the described differences are also provided.Doing business in the international marketplace mandates taking into account some very hard to overlook social differences between countries. For instance, if trying to market and sell a product in a country other than where the company is based, the company must take into account the language differences for such things as packaging (Ebert, R. J., 2003), use instructions, marketing materials, web site presence, and customer care and support. A marvelous real world example of overcoming social differences in order to do business in the international marketplace is provided by the company Ikea (Ikea, 2003). Ikea does business in over thirty-four countries. Much of Ikea's furniture requires the purchaser to assemble them. This means that all the instructions that are included with the same merchandise must be written for each of the countries that it does business in. Another example of Ikea's adeptness at handling social differences is their website (www.ikea.com). The company has links from their global website to translated websites for each company they do business in.There are some other, not so obvious, cultural differences as well. Such things as general consumer preferences may be very different in the target country. An example of these consumer preferences would be what is considered standard staples in the country. Another example would be shopping habits, such as time, frequency and consumer outlet type that is generally preferred (Ebert, R. J., 2003). Yet another example would be if the standard work day isn't the same as a standard workday in the country where the company is based, this could affect such things as the hours of operation of a store-front or office. A terrific example of general consumer preferences is brought to light by McDonald's (McDonald's Inc, 2003). McDonald's does business in over fifty-eight countries. In order to gain consumer credibility they generally provide to a charity in the countries they do business in. In the United States the charity that they prefer is the Ronald McDonald House, which concentrates on providing for the needs of children. In Europe the charity of choice for McDonald's is a community football (United States soccer) due to the heavy influence that the sport has in the European countries it does business in. There are also some other cultural differences in...

Find Another Essay On Social, cultural, economic, legal and political differences among nations affect international business

Political, Economic, Social, Technological, Legal and Environmental Influence Analysis for Expanding Business

1113 words - 4 pages Explain why an understanding of the environmental/external (PESTLE) factors is Important for all organizations To run a successful business, it is very important to run a background check on the external environment of that particular industry. PESTLE analysis is widely used to investigate the Political, Economic, Social, Technological, Legal and Environmental influences under expanding businesses. It helps in decision-makings and also to

The Social, Economic and Political Differences Between Catholics and Protestants

3788 words - 15 pages The Social, Economic and Political Differences Between Catholics and Protestants Protestant politicians tried to explain the differences between Catholics and Protestants in terms of political, religious and cultural differences. Politicians like Ian Paisley had very extreme views on why these differences existed. Whilst others, like Terence O’Neill, who was a Protestant, were willing to improve things for the Catholics

Discuss how the six macro-environments (demographic, economic, natural, technological, political, and social/cultural) forces may affect the marketing of a drink or food company

1409 words - 6 pages Discuss how the six macro-environments (demographic, economic, natural, technological, political, and social/cultural) forces may affect the marketing of a drink or food company.Companies and their suppliers, marketing intermediaries, customers, competitors, and publics all operate in a macro-environment of forces and trends that shape opportunities and pose threats. Within the rapidly changing global picture, the firm must monitor six major

Social, Economic and Political Differences Between the New England and Chesapeake Colonies

696 words - 3 pages two distinct societies. These differences affected the colonies socially, economically, and politically. Social differences are one of the reasons New England and Chesapeake developed into two distinct societies. People in England were tired of being oppressed by the government, so they wanted to come to the New World for new opportunities and better treatment. According to a source from Massachusetts of the New England Colonies, “our town shall

Healthcare Varies Among Economic Differences

2117 words - 9 pages language, can affect their relationships with their patients. Doctors need to work on showing positive body language when attending a minority patient. For example, by “sitting close to the patient, leaning forward, making eye contact, nodding, having a closed body posture, and exhibiting facial expressiveness”, a patient can feel more comfortable with his or her doctor (Levine 3). If a doctor worked on these skills, patients will feel

Industrial Revolution: Causes And Social, Economic, Cultural, Religious, Political, And Intellectual Impact

1232 words - 5 pages intellectually.The exact cause of the Industrial Revolution is debatable among historians today, some believe that the Revolution was an outgrowth of social and institutional changes brought about by the end of feudalism in Britain after the English Civil War while others simply blame it upon the effectiveness of border patrol, which prevented less diseases from entering the countries. With this, more babies lived past infancy, and for the first time

An Analysis of The International Covenant on Economic, Social, and Cultural Rights

1749 words - 7 pages The International Covenant on Economic, Social and Cultural Rights, hereafter the ‘ICESCR’, binds State Parties to take steps to achieve the rights recognized within the treaty. Involved are both core obligations, which are to be realized immediately, and duties to be achieved progressively, through the use of maximum available resources. Once attained, measures are to be taken to ensure those rights are not diminished. Should regression

International Political Economy Essay – China and The New Economic Order

2989 words - 12 pages YuezhiZhao The Challenge ofChina 561 Despite the mainstream western and Chinese dichotomous portrayal of an economically devastated Mao era versus the economically miraculous reform era, the Mao period laid the essential political, industrial, as well as social foundations for China's spectaculargrowthinthereform era(Shirk 1993, Meisner 1996). Walden Bello (1999), writingfromthePhilippines, hasgonebackfurtherarguingthatChina's post-Mao economic

Effect of Cultural Differences in International Negotiation

1038 words - 4 pages without being offensive to his prospective partners. Above all, he or she needs to spell out his expectations and that of his partners for the meetings before negotiations commence. This will ensure that expectations are uniform and would generally improve the success of the negotiations. Effect of cultural differences in negotiations’ disputes Disputes in business are bound to happen (Metcalf et al, 2007). However, cultural differences affect the

During the planning process of BIRLEY FIELDS CAMPUS (MMU), to what extent were the Social, Political, Cultural and Economic values of the COMMUNIT

2168 words - 9 pages significantly to Corridor Manchester which aims to marry the knowledge capacity of Oxford Roads learning quarter to the City’s social, community and economic ambitions.” (SDF, 2009:4) However the Oxford Road Corridor and Hulme site is significantly cut in half by one the busiest roads, that is Princess Road which channels people in and out of the City. Instead of Birley Fields being an extension and collaborating with the Manchester Corridor it is easy to

Cultural and Political Differences Between Blake's "London" and Addison's "The Royal Exchange"

1217 words - 5 pages London society, and this is exemplified in his nameless, faceless, timeless narrator. However, Addison would recognize London as an opportunity for economic (and personal) growth worldwide as evidenced in his obsession with foreign places and his first-person narrator in his essay. I would propose that both of these aspects of London need to be addressed in order to better appreciate the city as a whole. Cultural and political differences aside, both authors would advocate that London is a unique city, thus why there is a need to write on all aspects of city life.

Similar Essays

Social, Cultural, Economic, Legal And Political Differences Among Nations Affect International Business

3344 words - 13 pages 10 8 10 120 Please note that only brief solutions are provided for some parts of this exam paper 2 FEV (forced expiratory volume) is the volume of air that can be exhaled after taking a deep breath and is an important measure of pulmonary (lung) function. FEV1 is the forced expiratory volume exhaled in the first second. Researchers surveyed 507 Australian children aged 8 -16 to determine whether they were smokers or non-smokers. Among these, 59

The Ways In Which Social, Cultural, Economic, Legal And Political Differences Among Nations Affect The International Business Of South Korea

1098 words - 4 pages is a combination of practices from the German civil law system, and the communist legal theories. They do not have judicial committee to over see the courts and they will not allow for a open hearing and trial. This affects international business in the way that you won't have many tourists or people visit from outside of the country due to the inadequate juridical system. "The judicial system of North Korea consists of the central court and the

Differences In The Social, Cultural, Economic, Legal And Political Conditions Of The Country Affect International Business Procedures In Haiti

731 words - 3 pages Many aspects affect the way international business is conducted. Differences in the social, cultural, economic, legal and political conditions of the country affect international business procedures in different levels and degree depending on the countries infrastructure and relationship.Social differences range from a country's income per consumer, literacy rates, religious beliefs and code of ethics. Social conditions affect the way companies

Differences Among Nations: Compared And Contrasted

2577 words - 10 pages There are many aspects that affect the way international business is conducted. Differences in social, culture, economic, legal and political conditions can greatly affect the way globalized businesses are managed. Doing business abroad presents enormous challenges simply because countries and societies are so incredibly different. There is a need to appreciate not only that these differences exist, but also to appreciate how these differences