International Business: Global and Cultural Models
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1. Analyze the constraints that exist in the global marketplace, and discuss how language can be a starting point for misunderstanding.
2. Compare and contrast the Classification of Cultures Model, the Global Business Practices Model, and the Inner-Outer Circle Model.
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Solution Summary
The following posting analyzes the constraints the exist in the global marketplace and compares and contrasts the classifications of the cultures model, global business practices model and inner-outer circle model.
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Intercultural management
1. Analyze the constraints that exist in the global marketplace, and discuss how language can be a starting point for misunderstanding.
A global market place is an area where individuals from different corners of the globe meet to purchase or sell their products. Having in mind that there are different individuals with different ethnic as well as cultural barriers, the existence of constraints in the global market place is therefore a likely factor to occur since different people will always have differing opinions, tastes, and language among others which may hinder the way and rate of making purchases in the global market place. Religion, political and legal influences, and culture are also some of the global market place constraints which are likely to be experienced.
Observing language as a constraint in the global market place, different levels of misunderstandings may arise from it. Different people with different ethnic backgrounds as well as cultures are known to be present within the global market place due to the fact that there are from ...
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