Cultural differences and the importance of recognizing these differences

 

Describe and explain different cultural differences and the importance of recognizing these differences,
describe the three main types of economies and understand economic development and transition issues, and
describe and explain different political and legal systems and understand the increasing importance of CSR and ethics in international business.
Brief Description

Cultural understanding is a key factor in this situation. Comment on the importance of this aspect of market entry and development, being sure to discuss the key elements of understanding and working effectively in Mexico.
Using the Hofstede Framework, analyze the Mexican culture with reference to concepts covered in the course materials.
CSR and business practices are another set of critical issues in this case. Describe four CSR issues and explain how these issues can impact a company’s international business activities.
The Client, in order to develop its Market Entry Strategy fully, will be required to make an investment in Mexico. Explain each of the four means of incorporating risk into market entry strategies if The Client wanted to use an Adaptation Strategy.
The Client will benefit from trading with other countries in the region. Consider the changes arising from the renegotiation of NAFTA to CUSMA and evaluate the advantages/disadvantages of How significant is the trading area for the firm trading across all three member countries?
Evaluation
The overall grading is out of 100. Below is a breakdown of the grade. Note that simply meeting expectations garners an average grade.

Activity/Competencies Demonstrated% of Final GradeContent/60a. Describes the importance of cultural understanding in market entry and development/15b. Analyzes Mexican culture using the Hofstede framework./10c. Describes four CSR issues and explains how these issues can impact the client’s successful entry into Mexico /10d. Explain each of the four means of incorporating risk into market entry strategies./10e. Discuss the benefits and drawbacks of regional integration especially relating to

 

Sample Solution

arlier examined, various variables can influence an organization’s administration and arranging systems and these elements can be from inside the association and from outside the association. One main consideration that can likewise impact the executives and arranging methodologies is the organization’s administration otherwise called collaborate administration.

Corporate administration is the course of action of rules, practices and techniques by which an association is composed and controlled. It includes the premium of every individual who has a stake in the gathering which incorporate financial backers, chairmen, clients, suppliers, banks, government and the local area.

The corporate administration necessities stuck to In PayPal Holding Inc. are, we should have a survey board, which should assign, survey, oversee and control the exercises of the association’s assessing firm. Also, every cash related openings should consent to the law and sensibly address the association’s condition,

We are fortunate to have a capable, significantly attracted and free Board of Directors who considers corporate administration vital. This is to guarantee that administration is dependable to the Board and that the Board is capable to financial backers, it safeguard investors freedoms and treats all financial backers reasonably, it guarantee exact disclosure on each and every material issue, including the cash related situation, execution, ownership and corporate organization.

2.3 Evaluate the work of art and contemporary models utilized in creating business systems and plans.

As examined already, essential administration and arranging is pretty much the reinforcement of an organization execution and progress. In creating procedures and plans, we should put to thought the drawn out objectives, taking apart the most crucial issues that the plans needs to address, focusing on, sorting out and dissecting input after execution.

There are plenty of exemplary and contemporary models that are productive, yet every organization should pick the model that suits them. For instance; on account of PayPal Holding Inc. these were the models continued in fostering our business procedures and plans.

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