Global Business Environment Term Paper

Open, View, and/or
Download this Document

Total Length: 570 words ( 2 double-spaced pages)

Total Sources: 1

Page 1 of 2

Social, cultural, economic, legal and political differences among nations have had an important impact on the international business activities of Africa. While many in the international business community feel that Africa is a potentially huge emerging market, many concerns hold back investors. An understanding of these concerns is vital in both promoting Africa as an international business opportunity, and understanding the inherent risks and rewards in business in Africa.

Social differences between African nations and the international community often act as a barrier to business transactions. Business, like any other human activity, is conducted within the realm of human interactions. As such, social differences can make or break a business deal. For example, African attitudes toward women are often more 'macho' and less liberal than in North America, and an understanding of this difference can ease social concerns.

Cultural differences, which are often closely tied to social differences, can also have an enormous impact on international business.

Stuck Writing Your "Global Business Environment" Term Paper?

View All Our Example Global Business Environment Term Paper

Have A Custom Example Essay Written



For example, cultural values like family and work times and attitudes the importance of family in daily life may differ significantly between Africans and Europeans. Culture may even impact the effectiveness of organizational structure in Africa, and international businesspeople must be aware that there are often strict rules regarding social interactions that are based on color and race in many African countries, especially South Africa in the wake of yeas of Apartheid. European and North American corporations must clearly understand the unique cultures within Africa in order conduct business effectively.

Economic differences among the larger international community and Africa have largely limited investment in Africa in the past. Factors such as exchange rates, foreign competition, import-export balances, and competitive advantages are all important factors in how Africa responds….....

Show More ⇣

     Open the full completed essay and source list


OR

     Order a one-of-a-kind custom essay on this topic


Related Essays

Strategic Importance of Outsourcing in U.S. Manufacturing Company

the activities of non-core activities of an organization to make firms focusing on the core businesses. In the contemporary global business environment, firms are required to produce the innovative products, and developing a new strategy to increase profitability, outsourcing has become a new business technique that firms employ to remain competitive. Thus, outsourcing helps manufacturing companies to lower costs and remain competitive in the fiercely competitive business environment. However, there is an ongoing debate that outsourcing decision can be detrimental to organization business advantage. The objective of the essay is to explore the benefits and shortcomings of outsourcing for the manufacturing companies. Benefits and Shortcomings of Outsourcing for Manufacturing… Continue Reading...

Multinational Companies

the global marketplace. Nonetheless, operating in the global scene is usually not a straightforward undertaking. The global business environment presents numerous complexities, which MNCs must effectively deal with if they are to be successful (Noorderhaven and Harzing, 2003). One of the major complexities MNCs face relate to human resource management (HRM). Indeed, managing human resources in the international context can be a daunting task. This is particularly because of considerable cultural, institutional, economic, and political differences across countries (Thite, Wilkinson and Shah, 2012). National (country-of-origin) characteristics tend to influence how MNCs behave in the host country. They influence not only corporate strategy, but also the kind… Continue Reading...

sample essay writing service

Cite This Resource:

Latest APA Format (6th edition)

Copy Reference
"Global Business Environment" (2004, March 23) Retrieved May 20, 2025, from
https://www.aceyourpaper.com/essays/global-business-environment-163645

Latest MLA Format (8th edition)

Copy Reference
"Global Business Environment" 23 March 2004. Web.20 May. 2025. <
https://www.aceyourpaper.com/essays/global-business-environment-163645>

Latest Chicago Format (16th edition)

Copy Reference
"Global Business Environment", 23 March 2004, Accessed.20 May. 2025,
https://www.aceyourpaper.com/essays/global-business-environment-163645
   

Open, View, and/or
Download this Document
order custom essay example