5. Define culture and its main determinants. Using examples, explain how paying attention to cultural differences in international business can be beneficial for business managers. Flashcards
Intro
Solomon et al (2016) Culture is an accumulation of shared meanings, rituals, religion and traditions
Important to business becuse
State main determinants
Education
Religion
Language
Define education as a main determinant
Education is a way for people to learn skills eg mathematics, English which is useful for businesses
Important because = businesses can know where to find talent + resources + which country has the best talent for specific things
Eg after the Japanese war, the government had a focus in education. Japan post-war was miraculous by 1970’s they had evolved and specialised in technology
Define Religion as a main determinant
Christianity:
Largest religion
Weber believed that the Protestant hard work ethic = driving force in capitalism. They were known to use their wealth to develop other enterprises
must consider Sunday
Islam:
Middle East= no meat
Mcdonalds adapt to not offend
Define Language as the main determinant
Verbal:
Must know for effective communication
Eg Ikea desk “Fartful”
Non-verbal
Philippines (Not to offend anyone)