Question

In: Operations Management

list and describe the six rules that show how culture and its appreciation serve as a...

list and describe the six rules that show how culture and its appreciation serve as a tool to secure marketing success.

Solutions

Expert Solution

Culture refers to the views, ideas, belief that influence the behavior of individual or group. Culture plays important role when doing business globally. Global firms need to understand the culture of foreign countries before doing business. Culture of people in different countries influence their buying decision. This contributes to the success of the product or service.

The six rules of thumb that show how culture and its appreciation serve as a tool tosecure marketing success are: -

  • Preparing well in advance - It is very important to prepare oneself about the social and business etiquette, historical and current affair, values, political factor, religion, etc. before doing business across cultures.
  • Slowing down - It is very important to be patient and understand each and every aspects of the culture rather than being in rush.
  • Building trust - It is very important to develop personal relationship and trust first rather than just focusing on pricing, contractual terms, etc.
  • Proper understanding of language - Language is one of the barrier for international business. When business are outsourced to another country whose language is different, then the customers may not understand and impact the customer experience. Thus a business should consider this factor before expanding its business in another country.
  • Respecting the culture - It is very important to respect the host country's culture and follow all the rules.
  • Understanding the cultural components - It is very important to understand the surface culture and deep culture which include styles, food, attitude, belief, etc.

Conducting business globally is very important and crucial decision made by the business and require lots of effort and correct decisions in order to make it an effective move. It not only provide new opportunities for growth and profit but also provide reputation to business globally.


Related Solutions

The Government uses its power as both an actor and a referee to serve six specific...
The Government uses its power as both an actor and a referee to serve six specific functions in the U.S. economy. Providing a stable set of institutions and rules is one of the six. Give an example of how the government is able to affect a change in that arena.
Based on your Culture, describe its impact upon the treatment of mental illness. How does culture...
Based on your Culture, describe its impact upon the treatment of mental illness. How does culture play a role in stigmatisms of someone seeking treatment for mental health?
Imagina Walmart is a country on its own. How would you describe its culture
Imagina Walmart is a country on its own. How would you describe its culture
Please list and describe six environmental forces that impact business. Provide a specific example of how...
Please list and describe six environmental forces that impact business. Provide a specific example of how the careful consideration of each environmental force is vital to business planning.
List and describe six reasons that humans choose and eat foods?
List and describe six reasons that humans choose and eat foods?
Describe the microenvironmental forces that affect the company’s ability to serve its customers.
Describe the microenvironmental forces that affect the company’s ability to serve its customers.
Describe the location of the hypothalamus and list its functions. Explain how it serves as a...
Describe the location of the hypothalamus and list its functions. Explain how it serves as a link between the nervous and endocrine systems.
Show how to compute the probability of winning the jackpot in the megamillions lottery. The rules...
Show how to compute the probability of winning the jackpot in the megamillions lottery. The rules are at http://www.megamillions.com/how-to-play under ”How to play”. (a) First let us define an appropriate sample space Ω where Ω = {(i1, i2, i3, i4, i5;i6)|what has to hold about i1, . . . , i6}? (b) How many outcomes are in Ω? (c) What is the probability of winning the jackpot? (d) Do you have a better chance of winning the jackpot in powerball...
Describe in general terms how future appreciation of the euro will likely affect the value (from...
Describe in general terms how future appreciation of the euro will likely affect the value (from the parent’s perspective) of a project established in Germany today by a U.S.-based MNC. Will the sensitivity of the project value be affected by the percentage of earnings remitted to the parent each year? (4 pts) Huskie Industries, a U.S.‑based MNC, considers purchasing a small manufacturing company in France that sells products only within France. Huskie has no other existing business in France and...
Describe the dimensions of an organization’s culture. Define organizational culture and give an example of how...
Describe the dimensions of an organization’s culture. Define organizational culture and give an example of how it can affect job satisfaction and performance.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT