Here is an enjoyable method we will use to informally teach one another about the culture and environments of various countries. Each student will introduce the class to the practical side of venturing to a foreign country so that we can be culturally sensitive and aware of what’s expected when conducting business in that country. Each student group will make an oral presentation to the class to share information and provide class members with an “info sheet” on ppt. slides that can serve as a helpful resource. Areas that you might explore include:
- What’s the cultural profile (using the dimensions defined by Hofstede & Trompenaars as a framework, and how are these cultural dimensions exhibited in business practices? In particular, what cultural dimension of this country or region favors foreign investment?
- What’s the political and economic history of the region, and how has that history shaped the laws and practices?
- What customs and traditions are observed? What’s the currency used? How do people dress? What do they eat and drink? What language is spoken?
- How attractive is the region for foreign investment beyond the cultural dimension listed in the first question?
- What U.S./Canada firms currently conduct business in that country, and what challenges have they met?
- What are the governmental policies to solve the national and global crises in finance and the economy, etc.?
