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In this discussion, you will explore the fascinating relationship between culture and the cost of doing business in a country. Discuss why the culture of
In this discussion, you will explore the fascinating relationship between culture and the cost of doing business in a country.
Discuss why the culture of a country can influence the cost of conducting business, providing country and company examples to illustrate your points.
Go to Hofstedes Insights, country comparison tool and choose two countries that appear to be culturally diverse for example USA and China, Sweden and Colombia Compare the cultural dimensions of the two countries using Hofstede's IDV, PDI, and UAI scores. Share the scores you compared and analyze what this comparison reveals.
Discuss how cultural differences influence a the costs of doing business in each country, b the likely future economic development of that country, and c business practices.
Next, based on the scores you examined, evaluate whether a teambased business culture would thrive better in one country compared to the other. Provide a rationale for your assessment, taking into consideration the cultural dimensions and their implications.
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