Cultural Challenges Of Business Overseas
Running head: THE CULTURAL CHALLENGES OF DOING BUSINESS OVERSEAS
The Cultural Challenges of Doing Business Overseas
The Cultural Challenges of Doing Business Overseas
Steve Kafka, an American of Czech origin is considering opening a Chicago Style pizza franchise in the Czech Republic. He understand that their will be many difficulties for him to overcome if he is to be successful at doing business overseas. For 45 years, Communism dictated the rules of the Czech Republic. Employment was guaranteed, but the notion of ownership did not exist and entrepreneurial sprit was prohibited. In 1989 the Communist regime broke down and democratization immediately triggered an economic boom. This opened the door to franchising in the Czech Republic and in 1991 the first foreign franchise was established. Today many types of franchises are prospering in the Czech Republic, from restaurants, clothing and hotels to car rentals, household appliances and education creating a good......
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Approximate Word Count: 3739
Approximate Pages: 15 (250 words per double-spaced page)
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