Discuss the key differences in cultural variables between the United States and the country that are important when conducting business in the selected country. What are the implications of these differences for the practice of business?

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The cultural factors that are important to consider when conducting business abroad can differ greatly from the ones in the United States. Communication styles, attitudes toward authority figures, and decision-making procedures are all examples of these differences. When doing business with Japan or South Korea, it’s important to keep in mind that hierarchical systems are valued highly and ingrained within local cultures. Direct communication is avoided. American culture, on the other hand, is more open to innovative ideas and prefers to confront issues directly rather than relying solely on one authoritative decision-maker.

The consensus-building process outside of the US tends to be slower due to the fact that it takes longer to reach an agreement because there is more negotiation between the various parties involved. Americans are accustomed to prioritizing individual rights. This can be in conflict with other cultures that prioritize collectivism. It can cause tension when people of different backgrounds have different values in terms of how they want to make decisions or manage things.

These cultural differences have a significant impact on doing business overseas. By being aware of these differences, companies can better prepare for business abroad. They may provide training to their employees who are going to work in foreign countries or establish effective cross-cultural techniques that still respect the local customs.