About This Chapter
Cultural Differences in Business - Chapter Summary
This self-paced chapter offers a comprehensive overview of the impact cultural differences can have on business. Explore fun lessons developed by top instructors to gain greater insight into the effects of religion on business, differences between caste and class, the impact of changing culture on economics and more. Each lesson in this chapter is accompanied by a mini quiz you can take any time to test your knowledge of concepts covered. Questions that arise during your studies can be submitted to our experts via the Dashboard. After completing this chapter, you will be able to:
- List and discuss the effects of culture and society on global business
- Define social stratification and discuss differences between caste and class
- Explain how language affects meaning and reflects culture
- Describe the impact of religion on economics and business
- Detail how ethical systems and changing culture affect business and economics
- Share a description of Hofstede's cultural dimensions theory
1. Effects of Society & Culture on Global Business
Travel and technology have made our world smaller, which has led to greater opportunities for companies to operate in a global market. This lesson will look at the effects of society & culture on global business.
2. Social Status: Caste vs. Class and Social Stratification
Social hierarchies exist in all societies and cultures. In this lesson, we define social stratification and its characteristics. We also discuss the difference between open and closed systems, including what differentiates a caste from a class.
3. How Language Reflects Culture & Affects Meaning
Culture affects language, giving rise to words, influencing their use, and providing context. Language, in turn, supports culture, promoting social bonds and allowing for shared information. In this lesson, we explore the relationship between language and culture.
4. Impact of Religion on Business & Economics
Since the dawn of civilization, religious beliefs have been some of the most powerful influences on human behavior. This lesson defines religion and explores its impact on international business.
5. Impact of Ethical Systems on Business & Economics
The expectations for ethical behavior in personal and business conduct are widely varied based on a number of factors. This lesson explores this dynamic and its consequences for international businesses and retailers.
6. Impact of Changing Culture on Business & Economics
Cultural shifts are inevitable, and they are important for retailers because they can dramatically shift consumer buying habits. This lesson explores three types of cultural change that impacts businesses.
7. Hofstede's Cultural Dimensions Theory
Dimensions of culture are an important aspect of international business. Knowing how cultures view different aspects of business can help a manager navigate through the international business market.
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Other chapters within the Business 205: International Retailing Strategy & Operations course
- Introduction to Business Globalization
- International Market Dynamics
- International Trade Theories
- International Trade Policy
- World Trade Organizations
- Strategies for International Business
- International Market Entry Strategy
- International Production & Logistics
- International Supply Chain Management & Distribution
- International Product, Pricing & Marketing Strategy