Cultural Challenges Of Doing Business

Cultural Challenges of Doing Business Overseas This paper result lecture an compendium of Steve Kafkas decision to open and ope sum up a Chicago-style pizza pie melodic line in the Czechoslovakian res publica (University of Phoenix, 2011). This analysis will include information on the heathenish differences among the United States and the Czech majority rule and how these differences may affect the task climate. This paper will too review potential risks in doing backing overseas and what Kafka may be able to do to mitigate these risks. In addition, trade barriers and price structures will in like manner be discussed. Background Kafka is an American of Czech heritage, speaks fluent Czech, and has traveled to the Czech Republic on galore(postnominal) occasions, thus giving him arrogance in his understanding of the business environment and economy opportunities (University of Phoenix, 2011). Kafka too has many friends and family members living in the Czech Republic which also give him the ability to die learn about cultural differences and standard customs. The Czech Republic is a member of the European Union, NATO, the World Trade Organization, the European Bank for reconstructive memory, and the International pecuniary Fund, and the International Bank for Reconstruction (Doing Business, 2011). The monetary unit use is the Czech crown kinda than the Euro and credit cards ar commonly accepted, including the Maetro, Visa, Euro Mastercard, and the American transmit card (Doing Business, 2011). Prague, the capital metropolis where Kafka has decided to open his pizza business, has much than one billion residents and receives approximately four jillion visitors each year. The fact that the city is such a larger-than-life tourist destination is evidential as 80% of the visitors atomic number 18 foreign and are more than likely familiar with the Chicago-style pizza that Kafka will be offering. other positive factor is th at the unemployment rate in Prague is 3.5% s! o thus far local residents will have the income and ability to frequently eat...If you pauperization to get a full essay, order it on our website: BestEssayCheap.com

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