Introduction to Global Business
and hand shake are fitting. It is imperative not to look directly into the eyes of the hosts, and business there has a group orientation and not individualistic. In Korea, there has to be a personal relation prior to discussion of business aspects with foreigners. Elders are given respect for their wisdom and knowledge. In China, Guanxi is adhered to and this is a philosophy delineating friendships among superiors and their subordinates. Chapter 6 Chapter six takes into account the legal, economic and political setting of global business. To begin with, there are four different global political systems. These include democracy, Athenian democracy, representative democracy and totalitarian government. Economic-wise, there are three major… Continue Reading...
