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Cultural Challenges Of Doing Business Overseas 4

Cultural challenges of doing business overseas

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Title: Cultural challenges of doing business overseas

Essay Details:

Subject: Business

Author: Stanley G

Date: February 23, 2012

Level: University

Grade: A

Length: 4 / 1063

Essay text:

Some studies reports that entry mode of U.S. companies into the Czech Republic is determined by export/import (easiest and most common), licensing, joint venture, consortia, partially-owned subsidiaries, and wholly-owned subsidiaries (Shama, 2000). European firms entry into the U.S. market through three modes: building, buying (most extensive), and partnership (Chowdhury, 2006). "According to Stopford and Wells (1972), entry mode into a foreign market depends on the international experience of the company and the extent of its product diversification" (Shama, 2000). Food is another difference in the Czech Republic and U...

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