See attached files for the two articles.
Why is cultural awareness an important factor in international expansion? Support your ideas with Peer Reviewed articles that you have read.
Why would a company decide to expand internationally? Where are the risks for the company, considering such an expansion? How can these risks be mitigated? Suppport your ideas with Peer Reviewed article..
Lee, S. M. (2003). Samsung CEO Ki Tae Lee on expanding the global market. Academy Of Management Executive, 17(2), 27-29. doi:10.5465/AME.2003.10025183© BrainMass Inc. brainmass.com October 25, 2018, 6:17 am ad1c9bdddf
Question 1: Why is cultural awareness an important factor in international expansion?
Cultural awareness is an important factor in international expansion in that it influences "the communication and success potential of competition in conducting international business." Marketing communication must be shaped to the country that the organization is operating. It is key to a successful expansion to understand the differences ethnically, nationally and regionally in order to succeed globally. Failure to address differences in cultural values can lead to marketing messages that are interpreted as offensive or ineffective in international markets. Tian and Borges (2011) point out "the essential core of culture consists of traditional ideas that are historically derived, selected and generated to support values".
Understanding the cultural background of a country is key to success. An example is given in the article of the Japanese succeeding with high ...
This solution discusses why cultural awareness is an important factor in international expansion, and gives support for ideas with attached peer reviewed articles.In addition, it discusses why a company would decide to expand internationally, and includes a discussion of the risks for such an expansion and how the risks can be mitigated. Support for this argument is given from an article about Samsung Electronics. References are included.
Foreign country issues in business
PPQ Parts has determined that for the company to expand globally over the next several years, its managers must be properly trained in multiculturalism and diversity management. PPQ Parts executives must be aware of any political and economic concerns that may arise during the expansion.
What are some of the issues the host foreign country could face as a result of the expansion?
Explain what cultural barriers and diversity issues are commonly encountered by international/multinational (MNC) and global organizations.
Why has diversity become such an important topic in the international arena?
What can occur when issues related to multiculturalism and diversity are ignored in an international company?
Describe at least 2 political and 2 economic issues that may arise during global expansion and proposed methods of addressing them.
Explain the importance of and the implications of each of these items in PPQ Parts's expansion plans to Germany and Japan.
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