Intercultural Negotiation is one of the most important and challenging aspects of International Trade.
Religion impacts on many areas of International Marketing. It can restrict the types of products
/ services that consumers may purchase or use. It also influences on how products are promoted.
The main objective of the Subject “Cross-cultural Management” is to gain an understanding of the nature of different cultures and how to adapt strategies of
International Marketing to different countries.
In this subject, student will learn about adapting global marketing approach to different markets.
This will be achieved by:
Examining how the diversity of culture can influence the outcome of an International Marketing Plan
Outlining the key strategies to dealing with new cultures
Detailing the major theories on Intercultural Management
Highlighting the critical errors to be avoided when dealing with different cultures
The Subject “Cross-cultural Management” is included within the curriculum of the following academic programs at EENI Global Business School:
Exporter negotiates with individuals from countries with
different cultures and habits. If the exporter does not adopt an open and respectful attitude towards these cultures; he will hardly
achieve the success in his business. He should try to learn the idiosyncrasies of each market.
The self-reference criterion (James A Lee) as an unconscious reference to one's cultural values, experiences, and knowledge as a basis for decisions. The self-reference criterion impedes the ability to assess a foreign market in its true light.
Edward Hall divides cultures into two types, according to its context:
High-context culture.
Context rather than content is of significance
Fewer legal documents are used in these cultures, where one's word is one's bond, and this makes negotiations a lot slower
Social position is also a dominant factor
Japan and the Arab Countries are examples of these culture
Low-context culture.
With clear and explicit messages in which, written words transmit most of information
Legal documents are considered essential
Europe and the United States are examples of these culture
Hofstede Theory is based on the assumption that countries can be compared to each other by rating the following parameters:
Power Distance Orientation (distance from power)
Individual vs. Collective Orientation
Dominant Values Orientation (Masculinity or femininity)
Uncertainty Avoidance Orientation (Distance from uncertainty)
Short-Term vs. Long-Term Orientation
Trompenaars' Seven Dimensions
Universalism vs. Particularism
Individualism vs. Communitarianism
Neutral vs. Emotional
Specific vs. Diffuse
Achievement vs. Ascription
Sequential vs. Synchronic time
Internal vs. External control
How to negotiate successfully in:
America:
Argentina, Brazil, Chile, Costa Rica, Ecuador, Mexico, Uruguay, or Venezuela