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Culture

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  • 1. Culture Environment Culture is an integrated system of learned behavior patterns that are characteristic of the members of any given society.
  • 2. Elements of Social and Culture Language (verbal and nonverbal) Religion Values and Attitudes Manners and Customs Material Elements Aesthetics EducationSocial Institutions
  • 3. Political Environment • The Home-Country Perspective • Host Country Political and Legal Environment
  • 4. The Home Country Perspective Major areas of governmental activity that are of concern to the international business manager: – Embargoes and Sanctions – Export Controls – Regulation of International – Business Behavior
  • 5. Host Country • Political Action and Risk – Varies widely from country to country • Economic Risk – Less dangerous, but more common
  • 6. Three Types of Political Risk • Ownership Risk – Exposes property and life • Operating Risk – Interference with the ongoing operations of a firm • Transfer Risk – Limitations on the outflow of funds
  • 7. Political Risk May Involve • Confiscation – The government takeover of a firm without compensation to the owners. • Expropriation – A form of government takeover in which the firm’s owners are compensated. • Domestication – The government demands transfer of ownership and management responsibility.
  • 8. Economic Environment • Economic Size • Economic Systems • Key Macroeconomic Indicators • Economies in Transition