what would you suggest business people who are planning a visit or stay in a country...

what would you suggest business people who are planning a visit or stay in a country to build trade?

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Expert Solution

Businesses people must first focus on understanding the key differences in the country with respect to the home country. Different countries have different cultural attributes, social issues, political issues, economic issues, etc. All these factors have a significant impact on the business environment. Therefore, business people who are planning a visit or stay in a country to build trade must gather as much information regarding microenvironment of that country as possible. This would help a businessman make informed decisions regarding trade and investment in the country. For example, India has unique business laws, social customs, political culture, economic environment, etc. A businessman willing to conduct businesses in India must understand these forces to adequately evaluate the business environment of the country.

In addition, it is advisable for business people to remember local greetings, social customs, few important phrases used in local language, etc. This will help them communicate better with local business people. Moreover, businesspeople must learn about social and cultural taboos (like eating beef is a taboo in India) to avoid embarrassing situations.

Rahul Sunny answered 1 year ago

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