Social stratification can be very strong in some cultures, significantly affecting the way people in one social strata behave and purchase. India, for example, is known for its hierarchical and relatively rigid social class system.
Reference groups in any culture provide values and attitudes that influence behaviour. Besides providing overall socialization, reference groups develop a person’s concept of self and provide a baseline for compliance with group norms. As such, they significantly impact an individual’s behaviour and buying habits.
The entrepreneur also needs to recognize that the social structure and institutions of a culture will impact the roles of manager and subordinate and how the two relate. In some cultures, cooperation between managers and subordinates is elicited through equality, while in other cultures, the two groups are separated.
Religion
Religion in a culture defines the ideas for life that are reflected in the values and attitudes of individuals and the overall society. The impact of religion on entrepreneurship.
Consumption, and business in general will vary depending on the strength and impact of the dominant religious tenets on the values and attitudes of the culture. Religion also provides the basis for some degree of transcultural similarity under shared beliefs and attitudes, as seen in some of the dominant religions of the world.
Political Philosophy
The political philosophy of an area also impacts its culture. The rules and regulations of a country significantly impact the entrepreneur and the way business is conducted. For example, embargoes or trade sanctions, export controls, and other business regulations may preclude an entrepreneur from doing business in a particular culture or at the very least will impact the attitudes and behaviors of people in that culture when business is transacted.
Economics and Economic Philosophy
The economics and economic philosophy of a country impact its culture and the entrepreneur. Whether the country overall is in favor of trade or trade restrictions, its attitudes toward balance of payments and balance of trade, its convertible or nonconvertible currency, and its overall trading policy all affect not only the decision about whether it is advantageous to do business in a certain market, but also the types and efficiency of any transactions occurring Some countries use import duties, tariffs, subsidization of exports, and other restrictions to protect the country’s own industry by having more exports than imports. Think-how difficult it would be to do business in a country that restricted the exportation of profits
Social stratification can be very strong in some cultures, significantly affecting the way people in one social strata behave and purchase. India, for example, is known for its hierarchical and relatively rigid social class system.
Reference groups in any culture provide values and attitudes that influence behaviour. Besides providing overall socialization, reference groups develop a person’s concept of self and provide a baseline for compliance with group norms. As such, they significantly impact an individual’s behaviour and buying habits.
The entrepreneur also needs to recognize that the social structure and institutions of a culture will impact the roles of manager and subordinate and how the two relate. In some cultures, cooperation between managers and subordinates is elicited through equality, while in other cultures, the two groups are separated.
Religion
Religion in a culture defines the ideas for life that are reflected in the values and attitudes of individuals and the overall society. The impact of religion on entrepreneurship.
Consumption, and business in general will vary depending on the strength and impact of the dominant religious tenets on the values and attitudes of the culture. Religion also provides the basis for some degree of transcultural similarity under shared beliefs and attitudes, as seen in some of the dominant religions of the world.
Political Philosophy
The political philosophy of an area also impacts its culture. The rules and regulations of a country significantly impact the entrepreneur and the way business is conducted. For example, embargoes or trade sanctions, export controls, and other business regulations may preclude an entrepreneur from doing business in a particular culture or at the very least will impact the attitudes and behaviors of people in that culture when business is transacted.
Economics and Economic Philosophy
The economics and economic philosophy of a country impact its culture and the entrepreneur. Whether the country overall is in favor of trade or trade restrictions, its attitudes toward balance of payments and balance of trade, its convertible or nonconvertible currency, and its overall trading policy all affect not only the decision about whether it is advantageous to do business in a certain market, but also the types and efficiency of any transactions occurring Some countries use import duties, tariffs, subsidization of exports, and other restrictions to protect the country’s own industry by having more exports than imports. Think-how difficult it would be to do business in a country that restricted the exportation of profits
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