Assignment 1: Discussion Questions—Culture and International Trade

Assignment 1: Discussion Questions—Culture and International Trade

Culture and politics are important parts of the external environmental and vary more across than within countries. These features should be carefully assessed before entering into a foreign market or location with a business venture.

Research the impact of culture and politics on business using your textbook, University online library resources, and the Internet. Respond to the following:

Why is understanding culture critical for successful international business? Give examples of how understanding culture has been important for an international business.
Classify and describe at least four different types of political systems that an international business might encounter. What type of political system might have the greatest potential for imposing adverse political risk on an international business? Compare at least one other system to the one you selected and explain why it has less potential for imposing political risk.
Write your response in 400 words or less. Apply current APA standards for writing style to your work. All written assignments and responses should follow APA rules for attributing sources.