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International Business Management - Lecture No 06

International Business Management - Lecture No 06

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International Business Management - Lecture No 06

  1. 1. Lecture No: 06 Course Facilitator: Khurshid Alam Swati University of Swat, Swat Email your query to: Khurshidalamswati@yahoo.com Evaluating Cultural Differences
  2. 2. Cultural Differences Cultural differences are the variations in the way of life, beliefs, traditions and laws between different countries, religions, societies and people  E.g. Clothing, Food, Language and rules Cultural differences distinguish societies from one another. Cultural difference is the variation in the quality of a society or person based on race, language, sexual orientation, religion and nationality. The term can also refer to diversity regarding art, scholarly pursuit and manners among many other factors
  3. 3. International Differences  Greater Number of Services  Special Services to Unique Group  Compensation Complexity  Language Differences  Foreign Exchange Rate Attention 4-7
  4. 4. Assignment No: 02 The role of WTO, UNO, IBRD, IMF,OPEL & EU in international Business Due Date: 26th March 2014

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