Eco 561 Week 6 Individual Cultural Challenges of Doing Business Overseas

Week 6 Paper

The Cultural Challenges of Doing Business Overseas

University of Phoenix Online

ECO/561

Abstract

Mr. Kafka is an American of Czech origin. He's a franchisor for Chicago Style Pizza and decided to expand his business into the Czech Republic and anticipates he will face some difficulties at the new location in Prague, Czech Republic. Born in the United States, he has family and friends in the Czech Republic, speaks Czech fluently, and has visited the country of his origin several times (University of Phoenix, 2010).

This paper will identify major differences, incompatibilities, risks, mitigation factor, comparative advantages that exist and how best Steve can benefit, Hofstede's four primary dimensions,...