International Business Coursework Example | Topics and Well Written Essays - 500 words

International Business - Coursework Example For example, in Western cultures, ordinary employee can speak with the director of the company equally while in Eastern cultures it is almost impossible that the opinion of the ordinary employee would be considered seriously. In other words, cultures with high score of power distance believe that every person has its place and they should act in accordance with their role in society. Uncertainty avoidance is a dimension that identifies peoples attitude to their inability to predict future. Some cultures let things happen in their natural flow; others tend to control the future. Pragmatic cultures with high uncertainty avoidance scores tend to pay more attention to planning than those cultures where the score is low. This score helps to predict peoples attitude to planning and define the best way to build long- and short-term relationships with them. Also, pragmatic cultures rely on planning, experts and analysts who try to define future obstacles and prepare people and organizations for changes. Overall, power distance and uncertainty avoidance are really important for successful cross-cultural business. If people ignore these cultural dimensions, they can fail to build good relationships with representatives of the opposite culture. On the contrary, they succeed if they pay enough attention to features of every culture they deal with. 2. Conflict and violence, terrorism and kidnapping, property seizure, police changes and local content are 5 main types of political risk. Out of these 5 types, conflict and violence and policy changes affect international business directly. In case of external and internal political conflicts, any society experiences crisis related to unstable political and economic situation. All international companies suffer from this instability and it results in a sequence of unwanted consequences for any organization. Business becomes dangerous in terms of safety; in many cases the best solution to the issue is to ship the