scholarly journals International Business and Country’s Culture Impact

2021 ◽  
Vol 6 (1) ◽  
pp. 125-127
Author(s):  
Gentisa Furxhi
Keyword(s):  
International Business ◽  
International Market ◽  
Foreign Investors ◽  
Informal Market ◽  
Foreign Companies ◽  
Attitudes And Behaviors ◽  
Cheap Labor ◽  
Italian Culture ◽  
New Challenges ◽  
Different Cultures

International business is very important, nowadays. Businesses, now, compete and operate in an international market. Globalization has created new challenges for managers. Different countries have different cultures, and this make culture a challenge for businesses and managers who operate in international business. They have to pay more attention to the differences of countries cultures they operate with. Sometimes, differences may be seen as insignificant, but they can cause troubles if you don’t respect them. Culture’s differences may create misunderstandings, conflict, anger even stress in the workplace. People in different culture have different attitudes and behaviors. Organizations have to pay importance to differences in a) communication, b) attitudes c) workplace etiquette d) language. Albania, after 90’, has been an attractive destination for foreign investors. Many investors came in Albania due to her strategic geography position, cheap labor price, informal market, etc. In this paper we will analyze culture’s dimensions according to Hofstede model. Then, we will compare Albanian culture to Italian culture, because Italy is the country which has the majority of foreign companies in Albania.

scholarly journals Business Climate Versus the Attraction of Direct Foreign Investments in Albania

2017 ◽  
Vol 4 (2) ◽  
pp. 35
Author(s):  
Dritan Shoraj ◽  
Perparim Dervishi
Keyword(s):  
Foreign Market ◽  
Business Environment ◽  
Foreign Direct Investments ◽  
Measuring Instrument ◽  
Business Climate ◽  
Foreign Investments ◽  
Chi Square ◽  
Foreign Investors ◽  
Foreign Companies

There are statistics that foreign direct investments (FDI) in Albania have significantly declined. Business climate and skill of policies to attract FDI in Albania has apparently not impacted the promotion of investments from foreign businesses. This study assesses the business environment disadvantages and the readiness and availability of foreign investors to take risks with their investments in a foreign market facing the business climate of the host country, as well as the skill or failure of the latter for long term cooperation. Some basic components of the business climate in Albania, impact and their attractiveness to foreign investors will be analyzed and assessed. The research methodology selected for this study is the quantitative one, where a number of about 100 CEO and administrators of medium and big foreign companies in Albania have been planned to be interviewed. The measuring instrument will be standardized and after data collection, a series of analyses will be built such as correlation, means, standard deviations, frequencies, Chi-square (χ2) where the value p00.5. Analysis of variables will be realized through SPSS program. The study will be closed with relevant conclusions and recommendations.

scholarly journals TANGGUNG JAWAB DIREKTUR PT PMA YANG TIDAK MENDAPATKAN PENGESAHAN SEBAGAI BADAN HUKUM DAN SUDAH MENJALANKAN USAHANYA BERDASARKAN PERATURAN PERUNDANG-UNDANGAN DI INDONESIA (STUDI KASUS PT.X DAN PT.Y)

2019 ◽  
Vol 1 (2) ◽  
pp. 620
Author(s):  
I Gede Putra Wijaya ◽  
Christine S.T. Kansil
Keyword(s):  
Limited Liability ◽  
Foreign Company ◽  
Foreign Investor ◽  
Limited Liability Company ◽  
Foreign Investors ◽  
Legal Entity ◽  
Legal Subject ◽  
Foreign Companies ◽  
Investment Law ◽  
A Company

Foreign investors who want to invest in Indonesia must obey the existing rules, namely the Investment Law No. 25 of 2007. The investment law stipulates that if foreign investors want to do business in Indonesia, the foreign investor must establish a company in the form of a legal entity, namely a limited liability company. Requirements for foreign companies can be said as legal entities that must go through the stages of establishing a company until the company ratified by the Ministry of Law and Human Rights. If a foreign company is not a legal entity, the foreign company is not legal and cannot be considered a legal subject in carrying out business activities in Indonesia. Regarding the liability of the foreign company that is to be borne by the private party not by the shareholders because the foreign company is not a legal entity. It is better if foreign investors want to carry out business activities in Indonesia that the business must be in the form of a legal entity in accordance with the investment law’s order to comply with the applicable rules and foreign investors can carry out their business activities properly.

Dynamics of Human Resource Strategies and Cultural Orientations in Multinational Corporations

2019 ◽  
pp. 80-99
Author(s):  
Isaac Idowu Abe ◽  
Ethel N. Abe
Keyword(s):  
Multinational Corporations ◽  
Return On Investment ◽  
Future Research ◽  
Cultural Adaptations ◽  
Legal Obligations ◽  
Cultural Orientations ◽  
Market Opportunities ◽  
New Challenges ◽  
Different Cultures ◽  
New Strategies

The search for new market opportunities in order to expand operations has been on the increase globally, and organizations are progressively pouring their resources into these expansions probably because of the huge turnover and return on investment derived from new market explorations. Multinational corporations (MNCs) that seek the market expansions in other developing countries transfer specific advantages and benefits to the emerging markets in order to operate effectively. The MNCs are required by law to comply with the legal obligations, local regulations, and cultural adaptations in the bid to transfer specific advantages. The situation becomes more complex because of the different cultures in different countries. New strategies are introduced to resolve the new challenges that each new market entrance offers. These strategies pose tremendous risk to expanding markets and their operations, especially to developing markets. Recommendations are suggested to HRM practitioners and scholars, and issues are considers for future research.

scholarly journals Entry Strategy and Export Marketing in Emerging Markets: A Small Player Case

2019 ◽  
Vol 16 (1) ◽  
pp. 76-85
Author(s):  
Peachayanant Lorvoralak ◽  
Winai Wongsurawat
Keyword(s):  
Environmental Factors ◽  
International Business ◽  
Emerging Economies ◽  
Construction Material ◽  
International Market ◽  
Export Marketing ◽  
Academic Researchers ◽  
Entry Strategy ◽  
Industry Leader

The internationalization of dominant market leaders such as Haier (China), Tata Group (India) and CEMEX (Mexico) in emerging economies has attracted immense amounts of interest among academic researchers. A less-explored area is how non-dominant, second-movers venture into the international market. How do small players connect with foreign customers while operating in the shadows of the industry leader? What decisions are serendipitous and what actions are deliberate? What are the key environmental factors and internal decisions that propel a secondary player to place more chips in the international market? This case study addresses these questions using an example of a construction material manufacturer from Southeast Asia. It is suitable as a discussion starter in an international business class, especially for topics such as entry strategy, export marketing and the organization of international business.

scholarly journals INTERNACIONALIZAÇÃO DE EMPRESAS BRASILEIRAS: DESENVOLVIMENTO DE GESTORES COMO FATOR ESSENCIAL PARA A ESTRATÉGIA DE NEGÓCIOS DOI:10.7444/fsrj.v3i1.68

2011 ◽  
Vol 3 (1) ◽  
pp. 111-139
Author(s):  
HILARIO DE MACEDO OLIVEIRA
Keyword(s):  
International Business ◽  
International Market ◽  
Business Environment ◽  
Global Mindset ◽  
International Mobility ◽  
Cross Culture ◽  
Management Leadership ◽  
Corporate Environments ◽  
New Type ◽  
Gain Access

The globalization phenomenon has given rise to a new and virtually limitless dimension for companies to gain access to new markets beyond their country borders. This has proven to be an opportunity for growth and expansion. Given the transformations that this phenomenon has driven in the international business environment, one is struck by the fact that the presence of Brazilian companies abroad is still low, as Brazilian business is continues to be shy of expanding via internationalization. One concludes that the leaders of Brazilian firms are better prepared to operate in the domestic market and with processes and businesses that focus on exports; few executives are required to run operations abroad. However, the reality of internationalization calls for a new type of manager, the “global executive,” who is expected to be cosmopolitan, a negotiator and a cross-culture communicator that is able to generate synergy and lead changes. Brazilian companies that want to grow beyond cultural and ethnic frontiers are facing the challenge of forming theses “citizens of the world,” capable not only of making room in the international market, but also of leading the processes of transformation and change within corporate environments. The aim of this article is to discuss how to develop people for the strategic management of internationalization processes, as well as to identify current gaps and to provide recommendations both for the development of the competences that a global mindset requires among our managers, and for the management of the international mobility of Brazilian executives.Key words: Company internationalization. Expatriation. People management. Leadership.

scholarly journals Establishment of a Company and Share Acquisitions in Turkey by Foreigner Investors

2019 ◽  
Author(s):  
Mustafa Topaloğlu
Keyword(s):  
Foreign Capital ◽  
Stock Exchange ◽  
Foreign Investor ◽  
Foreign Direct Investments ◽  
Government Bonds ◽  
Foreign Investors ◽  
Foreign Companies ◽  
The Republic ◽  
Economic Assets ◽  
A Company

Relating to the establishment and acquisition of a company in Turkey by foreign investors, Foreign Direct Investments Law No.4875, FDI has entered into force on 17.06.2003. FDI formed a notification-based system rather than an approval-based system for foreigners to establish a new company and to take over company shares. Accordingly, company information regarding foreign investors will be notified to the General Directorate of Incentive Implementation and Foreign Capital via “Electronic Incentive Implementation and Foreign Capital Information System”. Foreign investment means establishment of a new company by a foreign investor or share acquisitions of an existing company, any percentage of shares acquired outside the stock exchange or 10 percentage or more of the shares/voting power of a company acquired through the stock exchange, by means of the following economic assets: assets acquired from abroad by the foreign investor which are capital in cash in the form of convertible currency bought and sold by the Central Bank of the Republic of Turkey, stocks and bonds of foreign companies excluding government bonds, machinery and equipment, industrial and intellectual property rights; or assets acquired from Turkey by foreign investor which are reinvested earnings, revenues, financial claims, or any other investment-related rights of financial value, rights for the exploration and extraction of natural resources. According to Article 4 of the Regulation for Implementation of Foreign Direct Investment Law, the Ministry of Economy shall provide information on the companies within the scope of foreign direct investments from Trade Registry Offices and related public institutions and organizations.

scholarly journals The Characteristics of Court Probation Service for Adults in Poland

2019 ◽  
pp. 257-271
Author(s):  
Ewelina Silecka-Marek
Keyword(s):  
Social Control ◽  
Social Reality ◽  
Probation Officer ◽  
Economic Changes ◽  
Attitudes And Behaviors ◽  
Social Rehabilitation ◽  
Probation Service ◽  
New Challenges ◽  
Socially Maladjusted ◽  
Rehabilitation Needs

For many years, there has been a tendency in Poland to organize preventive and rehabilitation activities for offenders as much as possible in environment of freedom.This results, among other things, from criticizing the penalty of deprivation of liberty, which does not fully implement the goals set for it, disappointing with its results and thus searching for more effective ways of transforming, modifying or modeling the attitudes and behaviors of socially maladjusted people. The probation officer is an important instrument of social control and social rehabilitation impact on both minors and adults. He faces new challenges resulting from socio-economic changes, and in the changing social reality, the behavior of defendants also changes. This requires the probation officer to be mindful, flexible, and respond quickly to the rehabilitation needs of supervised.

scholarly journals BUSINESS ENGLISH: VIEWING ITS BENEFITS IN THE PERSPECTIVES OF STUDENTS AND ALUMNI

2020 ◽  
Vol 20 (2) ◽  
pp. 143-156
Author(s):  
Titien Indrianti ◽  
Af’idatul Husniyah
Keyword(s):  
Career Development ◽  
Communication Skills ◽  
International Business ◽  
Business Communication ◽  
Business Administration ◽  
Descriptive Statistics ◽  
Business English ◽  
Knowledge And Skills ◽  
Foreign Companies ◽  
English Instruction

English has been a language for international business. Thus, English instruction should be directed to teaching communication skills necessary for business. As a vocational institution, State Polytechnic of Malang is supposed to view its English instruction from the perspectives of the students and alumni. Thus, the present study is intended to investigate the students’ and alumni’s perspectives on the benefits of Business English as well as their recommendation for the course. The respondents of this study are students and alumni of Business Administration Department, State Polytechnic of Malang. To tap the data, questionnaires are deployed. The data, then, are analyzed employing descriptive statistics to obtain the most and least typical responses. Findings indicate that both students and alumni take the benefit of the course. They view this subject is to prepare for their career development in the workplace. Besides, it is beneficial for their communication at the office, particularly in foreign companies. Alumni claim that their business English knowledge and skills during their college time are applicable in their workplace.  The respondents mostly demand more practices on business communication skills and vocabulary teaching included in Business English courses.

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