scholarly journals Intercultural Communication In Global Business: An Analysis Of Benefits And Challenges

2012 ◽  
Vol 11 (2) ◽  
pp. 217
Author(s):  
Melvin C. Washington ◽  
Ephraim A. Okoro ◽  
Otis Thomas
Keyword(s):  
Intercultural Communication ◽  
International Business ◽  
Business Environment ◽  
Global Market ◽  
First Century ◽  
Global Business ◽  
Intercultural Skills ◽  
The World ◽  
Business Negotiations ◽  
Appropriate Practices

The twenty-first century business environment is expanding and increasingly attracting the interest of countries from developed and developing nations of the world. As countries of the world become increasingly interdependent and interconnected because of global market and diverse consumer needs, it is critically important that participating countries and their organizations understand and appreciate one anothers cultural differences in order to ensure growth and sustainability in international business. Recent studies have traced the failure of some international business ventures to three significant factors: lack of intercultural skills and competence, inability to communicate effectively at a global level, and failure to practice acceptable etiquette in business negotiations. Therefore, businesses from different countries need to appreciate the importance of understanding the cultures and values of their counterparts as well as develop intercultural communication sensitivity and decorum. This paper then is an attempt toward analyzing the significance and role of intercultural communication and etiquette in international business. Recommendations for appropriate practices and acceptable conducts among nations are provided.

scholarly journals An Integrative Framework for International and Intercultural Communication Contexts: Conflicts, Ferment and Theoretical Analysis

2013 ◽  
Vol 1 (1) ◽  
pp. 37
Author(s):  
Ephraim Okoro
Keyword(s):  
Intercultural Communication ◽  
Strategic Alliance ◽  
Global Market ◽  
Cultural Patterns ◽  
Theoretical Frameworks ◽  
Global Business ◽  
Integrative Framework ◽  
Business Operations ◽  
Business Negotiations ◽  
Communication Differences

Many scholars observe that international and intercultural communication is taking new directions in<br />the twenty-first century, and they are reconceptualizing a range of critical topics, including cultural<br />identity and its role in intercultural business negotiations; communication ethics and its impact on<br />international business; and the role of mass media in disseminating information and setting issues<br />agenda for citizens. This reconceptualization of critical communication concepts is attracting the<br />interest of academics and researchers nations and is leading to a rethinking of the theoretical<br />frameworks guiding communication debates and analyses. As nations are becoming interdependent and<br />interconnected because of global market, it is important that countries involved in global markets<br />understand one another’s cultural patterns and variations in their communication differences in order<br />to ensure continuing growth, expansion, and sustainability. Recent studies traced the slow growth of<br />global business operations to a lack of effective communication, ineffective intercultural business<br />communication skills, inability of entrepreneurial engagement in cross-border transactions, and<br />incompetence in cross-cultural strategic alliance negotiations. This paper identifies and discusses<br />various communication contexts, issues, and theoretical frameworks, and provides recommendations<br />for effective utilization of communication tools in global and intercultural environments.

Competitiveness in the era of global digitalization

2020 ◽  
pp. 30-40
Author(s):  
E. Smirnov
Keyword(s):  
International Economic ◽  
International Business ◽  
World Economy ◽  
Development Strategies ◽  
Global Market ◽  
Antitrust Policy ◽  
Economic Dynamics ◽  
Digital Platforms ◽  
The World

In the context of digitalization in the world, competition is intensifying, lead-ing to a significant transformation of international business and a change in the development strategies of global digital platforms in the global market. The article analyzes and summarizes the prevailing approaches to competition and antitrust policy in the context of the “platformization” of the world economy and its impact on international economic dynamics.

Conceptualizing trust with cultural perspective in international business operations

2017 ◽  
Vol 24 (4) ◽  
pp. 1099-1118 ◽  
Author(s):  
Mian Ajmal ◽  
Petri Helo ◽  
Rassel Kassem
Keyword(s):  
International Business ◽  
Business Environment ◽  
Trust Building ◽  
Systematic Research ◽  
Cultural Issues ◽  
Cultural Perspective ◽  
Global Business ◽  
Content Type ◽  
Business Environments ◽  
Building Process

Purpose The growing international landscape of business has underlined the significance of multiculturalism and the novel challenges it brings to business implementation. The purpose of this paper is to draw attention of the readers toward how trust can be conceptualized and how trust-building process is affected in global business environments where more and more projects and businesses come into operation. Design/methodology/approach This research employs intensive literature review to conceptualize trust and develop a model of culture effects for trust building in global business environment. However, this study is presently explanatory in nature because no empirical evidence is provided. Findings Culture is a significant factor in building trust among global project stakeholders for the reason that trust is vital for developing a well-functioning long-term business relationship. The study highlighted that cultural differences among project teams can cause conflict, misunderstanding, and poor project performance. Research limitations/implications Future empirical research should investigate various scenarios, types of projects, cultures, and countries. Cultural issues are pretty sensitive, which have immediate association with trust-building process among international project stakeholders. Diminutive systematic research has been done on the cultural effects for trust building in international business context. The probe of how culture affects trust building efforts in global business environments remains unrequited. Originality/value This study adds value by creating awareness in the research community for undertaking a detailed and comprehensive research on this topic, and because of its originality, it serves as a foundation for future studies.

Trends, Events, and Centres, 1993–2006

2020 ◽  
pp. 130-150
Author(s):  
Ranald C. Michie
Keyword(s):  
Financial Markets ◽  
Economic Integration ◽  
Global Market ◽  
Second World War ◽  
First Century ◽  
Financial Flows ◽  
The World ◽  
Uncertain Future ◽  
And Control ◽  
Second World

At the beginning of the 1990s banks, exchanges, and regulators were all in a state of flux, facing a very uncertain future. The certainties of the past had been removed as internal and external barriers crumbled, destroying the world within which they had operated since the end of the Second World War. In its place the world was moving towards global 24-hour financial markets and an elite grouping of megabanks. These developments were driven by global economic integration, developments in technology, the retreat of government from policies favouring ownership and control, and the search by regulators for strategies that could cope with the end of compartmentalization. Though these trends continued in the 1990s and into the twenty-first century they faced numerous obstacles and experienced significant twists and turns that were instrumental in shaping the outcome. Even though barriers to international financial flows were reduced or removed the result was not a seamless global market, as major differences in language, cultures, laws, and taxes remained. These all contributed to the segregation of markets. Though many prophesied that the revolution in communications spelt the death of distance or the end of geography, when it came to the location of financial markets that ignored the fact that time was not absolute but relative. The effect was to generate a continued clustering of financial markets

scholarly journals Some Sources of Misunderstandings in Intercultural Business Communication

2017 ◽  
Vol 2 (3) ◽  
pp. 91-101 ◽  
Author(s):  
Tímea Lázár
Keyword(s):  
Intercultural Communication ◽  
Market Share ◽  
Business Communication ◽  
Primary Objective ◽  
Minimum Level ◽  
Intercultural Skills ◽  
Intercultural Competencies ◽  
The World ◽  
High Level

It is always a big challenge for all types of companies anywhere in the world to survive in the globalised and accelerated world. Their primary objective is to stay competitive, keep or even enlarge their market share while keeping their costs at a minimum level. These corporations often cross borders and operate on a multinational level. In order to do that successfully they need flexible workforce: people who have a high level of intercultural competencies and can help their corporations to achieve their aim of profit maximising. It is widely accepted that culture and languages are among the most significant impacts on intercultural communication. In this paper first I am going to interpret intercultural communication and the role of culture and then look at different intercultural skills and the role of languages in intercultural communication. Some areas that might cause problems in intercultural business communication will also be described.

scholarly journals Change in Textile and Clothing Industry

2018 ◽  
Vol 69 (01) ◽  
pp. 37-43 ◽  
Author(s):  
TUDOR LIVIU
Keyword(s):  
Change Management ◽  
New Technologies ◽  
Consumer Preferences ◽  
Small And Medium Enterprises ◽  
Business Environment ◽  
Global Market ◽  
Clothing Industry ◽  
Labor Costs ◽  
Global Business ◽  
Efficient Manner

Traditionally, Textile and Clothing Industry has been known for its incremental changes but the current global business environment creates the premises of multiple organizational disruptive changes. Change Management helps people to transition structural change in a positive and efficient manner. Small and medium enterprises in Textile and Clothing Industry face a particular set of challenges – new technologies requiring high investments, relocation arbitrage on labor costs, regional industry protectionism, volatile consumer preferences, need for new managerial skills etc. – all these demanding a rebalance of managerial focus from operational excellence to strategic and change management excellence. A Change Management Model, with associated implementation discipline and attention to global market trends, represents a necessity for current managers active in Textile and Clothing Market.

scholarly journals Predicting The Role of Entrepreneur Strategies on Improving Cognitive Positioning in Global Business

2020 ◽  
Vol 9 (4) ◽  
pp. 92
Author(s):  
Diyar A. Mustafa Khoshnaw ◽  
Ari A. Hameed
Keyword(s):  
Field Testing ◽  
Business Environment ◽  
Global Market ◽  
Global Business ◽  
Rapid Changes ◽  
Intellectual Assets ◽  
The Subject ◽  
Current Area ◽  
Traditional Competition

The current area characterized with strong competition, the changing pattern of the business, move the value from physicals to knowledges and information, and the shift of the benefits from traditional competition cognitive and intellectual assets, most of the organizations are looking for new methods to achieve a state of leadership and uniqueness in the global market in order to develop the competition.The current study aimed to identify the role of Entrepreneur Strategies on improving cognitive positioning in the global business area. Moreover, field testing of the views of leaders as a sample of foreign organization operating in Erbil - Iraq, where these dimensions vary in their effects towards the competitive position in global business sector, because of rapid changes in the global business environment as a result of increased competition, as well as the variation of the capacity of the organizations in the adoption of competitive as one of the modern models in the conduct of organizations. This is why the subject of entrepreneur strategies and cognitive positioning in global business became under the attention of many researchers and scholars being of contemporary themes with impact on the performance of organizations in pursuit of excellence on others, prompting the researcher to choose these subjects to be his field for study.

scholarly journals Poslovna etika in Pravna načela -dejavnika uspešnosti Delovanja Organizacij

2021 ◽  
Author(s):  
Bojan Vavtar ◽  
Andrej Škraba
Keyword(s):  
Local Level ◽  
Rapid Development ◽  
Business Environment ◽  
Global Dimension ◽  
Global Market ◽  
Entrepreneurial Activity ◽  
Business Success ◽  
Global Business ◽  
Ethical Business ◽  
Legal Principles

The development of effective organizational systems is one of the most important factors of business success. Radical economic and political changes and the rapid development of the global economic environment trigger public debates in all social structures on the state of entrepreneurial culture, based on generally accepted ethical and legal principles. Ethical business problems have a global dimension and are particularly clearly reflected at the local level of operation. By joining wider social and entrepreneurial structures, Slovenia also accepts global rules of entrepreneurial activity. Growing competition in the global market requires companies to provide superior products, services and ethically and legally correct operations, which is one of the central factors of success in the global business environment. In this paper, we discuss the important relationships between ethics, respect for legal principles and the effectiveness of organizations.

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