'International Business Culture and Global Business\r'

'For an foreign origin person, business traveller or expatriate, doing business in a foreign country poses some enkindle cross heathen challenges. Getting to grips with a countrys business culture, protocol and etiquette is important in maximising your potential and getting the surmount out of your visit. Greece is a High contect culture. In found to categorize it, we must scratch line know what the difference between number one and high place setting culture means.High vs. low gear Context Cultures suggests the categorisation of cultures into high context versus low context cultures in order to understand their basic differences in communicationstyle and cultural issues. Communication style refers to ways of expressing oneself, to communication patterns that ar understood to be ‘ typic’. Cultural issues mean certain societal factors, such(prenominal) as the country’s status, history, religion and traditions. Cultural issues in like manner embarrass Hofstede’s individualism vs. collectivism dimension. genial nuances ar important parts to insure when doing business in greece.To say ‘no in Greece use an upward nod of the head. For ‘yes wobble the head to either side. However, note that m whatsoever an(prenominal) Greeks now also use the European/North Ameri endure gestures too so it can be confusing! The â€Å"OK” sign (circled thumb and forefinger) may be considered obscene. Never raise an open wield at face level as this is an insult. If you see a Greek harbor a puff of breath by the lips, they are warding off the ‘evil eye. This is unremarkably done after receiving a compliment. endeavour and avoid discussions involving sensitive issues such as with Turkey, the Cyprus issue, or the politics of the former-Yugoslavia.They are task-oriented, super organised and prefer doing one social function at a time. They stick to facts and fi gures that they realise obtained from reliable sources . They prefer straightforward, direct discussion, and they bawl out and listen in equal proportions. So it is important to stand by your product with pride and transparancy in order to wear the trust of the consumers their, and also their business. The Greeks can be fairly laidback and as such meetings can be arranged at compendious notice. It is best to do so oer the phone and to confirm in paternity (fax or email).The handshake is the most parking area form of greeting in the business environment. Among friends or close acquaintances you may also see an embrace or kiss. storage area for the opposite party to initiate the execute to this level if it ever comes. One other country I would relate to Greece is Iceland because on that point are rural lands, and busy cities as well. Iceland is also facing financial challenges as Greece is due to the EURO currency and has been severly hit by the european recession as well. The fumble politics and regulations of the countrys ass ets has led to some grueling times inboth countries.However, on that point are chill out many opportunities to in doing business abroad to such countries, considereing the minimum wages are increasingly lower than that of America and there is a large percentage of better individuals seeking employment in these enceinte times. Another factor is untapped resounrces, such as oil and precious metals of the earth. Lastly, I would say whenever doing business in any country we must remember to that we are guest, and work with ethics in perspicacity and proper investment so that there may be a ordained effect on the countrys citizens view of international business ventures.\r\n'