Culture.Customes. Beliefs and International Business.ppt
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Transcript of Culture.Customes. Beliefs and International Business.ppt
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7/27/2019 Culture.Customes. Beliefs and International Business.ppt
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The Impact of Culture,
Customs and Beliefs on
International Trade
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Impact of Cultural Differences
Culture
the sum of a countrys way of life, beliefs,
customs
Influences how things are purchased, sold, Sets boundaries on what can or can not be done
Impacts preferences, style, values, and norms
May be represented by a specific language
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Cultural Differences
In order to do business with differing cultures, muchmarket research is needed to help companiesunderstand various similarities and differences evenwhen dealing with everyday cultural norms dealing
with people such as:
1. Punctuality
2. Greetings
3. Nonverbal communication signals4. Good Manners
5. Decision making
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Punctuality
Punctuality Norms in North America?
People are expected to be
on time
Rely on books, calendars and
even pay a fee sometimes
for missed appointments
Punctuality Norms in Other Countries
Time is considered flowing, flexible,beyonds people control
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Greetings
Shaking hands differs from onecountry to the next
Eye contact made in somecountries, not in others
Bowing before an elderacquaintance versus not bowingat all
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Nonverbal Communications Signals
Considered rude in Asian cultures to refuse someones
request, so an Asian business person may not give adirect no answer to a sales request
A nod means yes to North Americans but no to aBulgarian.
Shaking the head side to side means no to NorthAmericans but yes to Bulgarians.
The sign okay with ones hand is a symbol for moneyin Japan and is an offensive gesture in Brazil.
Personal space interpretations also differs from placeto place.
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Good Manners
In North America, getting down tobusiness is the norm when tobusiness people meet.
In other Asian and Latin Americancountries it would be considered rude
not to discuss family, friends, andfavours first to establish a personalrelationship before business.
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Decision Making
In some cultures, decisions are madefrom the top down approach, inothers, from the bottom up
approach.
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Other Differences
North Americans read from right to left.
Israel and Egyptians read left to right.
This difference may impact the order in
which a sequential advertisement is laidout from one country to another.
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Other Sources
Wilson Jack et al. The World ofBusiness, 5th Ed. Nelson EducationLtd., Canada, 2007