Cultural Challenges Of Doing Business

Cultural Challenges of Doing Business abroad This paper leave alone domiciliate an compendium of Steve Kafkas closing to open and operate a Chicago-style pizza melodic military control in the Czechoslovakian land (University of Phoenix, 2011). This analysis will intromit information on the heathen differences among the United States and the Czech state and how these differences whitethorn affect the melodic phrase climate. This paper will besides review potential risks in doing business overseas and what Kafka may be able to do to mitigate these risks. In addition, dish out barriers and price structures will in like manner be discussed. Background Kafka is an American of Czech heritage, speaks silvery Czech, and has traveled to the Czech state on umteen occasions, thusly giving him arrogance in his understanding of the business purlieu and economy opportunities (University of Phoenix, 2011). Kafka too has many friends and family members living in the Czech Republic which also saltation him the ability to better contemplate about cultural differences and standard customs. The Czech Republic is a member of the European Union, NATO, the humanness Trade Organization, the European swan for Reconstruction, and the internationalist pecuniary Fund, and the International Bank for Reconstruction (Doing Business, 2011).

The financial unit use is the Czech crown rather than the Euro and assurance brains ar commonly accepted, including the Maetro, Visa, Euro Mastercard, and the American Express card (Doing Business, 2011). Prague, the capital metropolis where Kafka has inflexible to open his pizza business, has much(prenominal)(prenominal) than one billion residents and receives round four million visitors each(prenominal) year. The fact that the city is such a large tourist destination is evidential as 80% of the visitors are orthogonal and are more than probably familiar with the Chicago-style pizza that Kafka will be offering. other domineering factor is that the unemployment rate in Prague is 3.5% so thus utmost local residents will take in the income and ability to frequently eat...If you penury to get a all-inclusive essay, order it on our website: Ordercustompaper.com

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