Purchase Solution

Economic distance versus cultural distance

Not what you're looking for?

Ask Custom Question

Do you feel that "economic distance" is a stronger or weaker determinant of foreign market entry timing than is the "cultural distance"?

Why?

Definitions:

Economic distance is the level of economic development of the host country relative to that of the home country

Cultural distance is the level of differences in terms of tastes, values, ethics, etc. of the host country relative to that of the home country

Purchase this Solution
Solution Summary

Do you feel that "economic distance" is a stronger or weaker determinant of foreign market entry timing than is the "cultural distance" is determined.

Solution Preview

I feel that economic distance is a stronger determinant of foreign market entry timing that the "cultural distance" because cultural distance will relatively remain stable over a long period of time, but economic distance will change at a rapid ...

Solution provided by:
Sheetal Jain, PGDM
Education
  • BComm, University of Delhi
  • Post Graduate Diploma in Management (Equivalent to MBA), All India Management Association
Recent Feedback
  • "Thanks"
  • "Thanks"
  • "Very good! "
  • "thanks"
  • "Thank you!"
Purchase this Solution
Free BrainMass Quizzes
Cost Concepts: Analyzing Costs in Managerial Accounting

This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.

Marketing Research and Forecasting

The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.

Marketing Management Philosophies Quiz

A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.

Team Development Strategies

This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.

SWOT

This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.

View More Free Quizzes
Related BrainMass Solutions

  • Hofstede's Cultural Dimensions

    422438 Brief discussion of Hofstede's cultural dimensions This solution offers a brief overview of each of Hofstede's cultural dimensions.

  • Curtin's work in terms of economic history

    Thus Curtin's work shed light on the structure of long-distance trade and the role of merchants as some of the most efficient cross-cultural brokers in world history. The expert analyzes Curtin's work in terms of economic history.

  • Global Business Environment and Culture in Brazil

    l Masculinity versus Femininity - The masculine culture tends to focus more on power, material success, greater performance and economic growth, whereas feminine cultures focus more on the quality of life, higher level of interaction and communication

  • Hofstede's Cultural Dimensions and Manager Behavior

    Hofstede's cultural dimension initially has four cultural dimensions namely 1) low versus high power distance, 2) individualism versus collectivism, 3) masculinity versus femininity, and 4) low versus high uncertainty avoidance.

  • Hofstede's Cultural Dimensions - El Salvador and U.S.

    Long term orientation versus short-term orientation was revealed as connecting with the teachings of Confucius (Hofstede, 1993). Reference: Hofstede, G. (1993). Cultural constraints in management theory.

  • Hofstede's Five Cultural Dimensions of a Specific Culture

    342598 Hofstede's Five Cultural Dimensions of a Specific Culture Describe Hofstede's Five Cultural Dimensions of a specific culture of your choice.

  • Important information about cultural differences.

    This shows that the societies' belief in meeting its obligation and reflects an appreciation for cultural traditions. 4. Explain exactly how your actions as a manager might reflect these index scores versus the world average index scores.

  • CAGE Distance Framework

    Analyzing the business and economic environment in Czech Republic relative to the United States: Cultural distance of the Czech Republic from the USA is high. The language spoken is Czech.

  • Hofstede's Uncertainty Avoidance Dimension

    Another cultural segment of a country's society could be individuals that have high uncertainty avoidance beliefs as well as high power distance dimension cultural beliefs as well.

View More Related Solutions