Introduction Culture in a global economy is a exact factor in international business enterprise. While some(prenominal) business transactions make economic sense, the ability to supremacyfully fulfill profitcapable relationships often depends on being able to reconcile international differences arising from separate cultures.(Wong, n.d., p.1) Understanding cultural differences is an initial step, but managers also need to engage in amaze processes to develop international cultural competence. Cross-cultural training enables managers to acquire both knowledge and skills to fulfill the role of cultural agents.(Wong, n.d., p.1). progress cultural intelligence and international cultural competence is critical to the future success of managers and leaders working in a global context. (Wong, n.d., p.1). In these pages, I will analyze the cross-cultural differences between the United States and Czech Republic, determine comparative advantages in this country, and recommend ways to minimize the risks of establishing a franchise overseas. harmonize to the web site http://www.allbusiness.com, franchise is a effectual and commercial relationship between the owner of a trademark, serving mark, trade name, or advertising symbol and an individual or group wishing to use that identification in a business. (Allbusiness, n.d.
, ¶1) Each franchise business has been authorized by a parent company, or franchisor, to sell their goods and/or services every in a retail space or a designated geographical area. The franchise governs the method of conducting business between the devil parties. Generally, a franchisee sells goods or services supplied by the franchisor or that jibe the franchisors quality standards. This relationship is regulated by FTC laws. (Allbusiness, n.d., ¶2) The popularity of the franchise business model has to do with its proven track record of success and ease in becoming a business owner. Independent, non-franchise businesses nonplus a much higher likelihood of failure within... If you deficiency to get a full essay, order it on our website: Ordercustompaper.com
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