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In: Economics

Describe the role of “education” in culture. Why is education important for a multi-national entity, which is considering expansion into a new host country market?

Describe the role of “education” in culture. Why is education important for a multi-national entity, which is considering expansion into a new host country market? 

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Expert Solution

Education teaches us about the cultural as well as social values. It prepares us for dealing with the cultural norms and ethics. It helps in the establishment of more knowledge to be imparted to the people. The cultural and social norms values and ethics is more into practice when people learn about them , why they are important, for what purpose, how to, etc. Which is given by education. How to live in a society with cultural ethics is the main motive of education. When it comes a multi-national entity, the way it deals with the consumers living in a society becomes really important.

Not only in dealing with the consumers, but with the traders, wholesalers and retailers not only of the host nation but also in various other nations where the entity is going to deal. When we talk about dealing in over seas marketing, it is really important to know the basic ethics and how to present yourself in front of a new culture and society. The convincing and influencing power of the entity works on the point. For the expansion of business to international destinations brings additional responsibilities. It is important to acknowledge the importance of global culture in the overseas business activities. The success in cross-border business depends on the dealing and sensitivity towards the international and regional cultures. This is the reason why education about the cultures around the world rema8ns important to the successful running of the overseas business strategies.

Multiculturalism, i.e., various cultures around the world is really vast. Learning about the cultures of the nations where the entity wants to establish is essential which comes with proper understanding about it. Therefore the basic education imparting the ethics of the culture and society is important for the entity.


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