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How Does Trade Influence Culture

5 min read

How Does Trade Influence Culture – In a global economy, social responsibility is important. As more companies expand and the global market becomes more accessible to small businesses, multinational and cultural groups are becoming more and more common. This means that now more than ever, it is important for companies to understand the culture of their foreign market if they want to succeed in the world.

Culture is the ideas, traditions and culture of a particular people or group. How does culture affect international business?

How Does Trade Influence Culture

In business, culture relates to what is experienced and accepted professionally in one place versus another. What may be acceptable for doing business in another country may be very different from the way foreign companies do it. Therefore, it is important to understand how culture can affect international business in order to avoid conflicts between colleagues and customers and to ensure that companies present themselves in the best possible way in their new market.

An 11th Century, 14 Meter Viking Coastal Trading Vessel, Sits On Display At The Viking Ship Museum. Roskilde, Denmark, Monday, Jan. 17, 2022. For Thousands Of Years, Wooden Sail Boats, Best Known For

Communication plays an important role in international business and sometimes effective communication can be the difference between success or failure in a new market. Effective communication is especially important for international businesses, as there is a risk that your messages will be “lost in translation”. There are a number of factors to consider when determining how effective your company’s global communications are.

The first thing to consider when communicating is any language barriers that may hinder communication between you and your new market. However, it goes deeper than the language that people use to communicate

Information is provided, which is important. Language barriers are not only related to people who speak different languages, but also to the sound of words used in those languages. For example, in countries like the US or Germany, it is common for people to be loud and assertive when sharing ideas with their peers. However, in countries like Japan, people prefer to speak quietly and do not talk when they give advice to their friends.

Another thing to consider are the customs, manners and practices that are widely accepted in that culture. Behavior that may be common in another culture may be strange or offensive to a customer or co-worker in a foreign country. Professor Jean Vanhoegaerden gives the example of a business handshake, which is common in European and American cultures, but in some parts of the Middle East, shaking hands is viewed differently. For example, in some cultures, shaking hands requires only the right hand, because the left hand is not clean.

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Companies that want to operate globally need to be aware of barriers to language, tone of voice and body language. Communicating across cultures can be difficult, but approaching cultural differences with enthusiasm, openness and enthusiasm can help businesses succeed globally.

Scandinavian countries such as Sweden emphasize social equality, and thus have a stable social hierarchy. This is in line with their unconventional approach to communication and collaboration, which is often at the heart of their organizations. In Japan, their values ​​of kinship and respect for old age are reflected in their organizations and there is a clear organizational structure. This means that senior managers always respect and expect a certain level of behavior from junior members of their teams.

These different leadership styles can make it difficult to define roles in multi-ethnic groups. It is therefore important for companies to know the culture of their target market in terms of organizational behavior.

Address stability is another important factor to consider in international business when communicating with colleagues and customers from different cultures. Do they prefer to be called by their first names or do they prefer titles and titles? Asian countries like China seem to prefer last names, while Americans tend to use first names. Things like job title may not seem important, but getting off on the wrong foot with an external client can hurt your chances of working with them in the future. Therefore, it is important for companies to know that their level varies according to the nature of the person they are communicating with.

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Workplace ethics in other cultures also means that they have a different approach to workplace conflict, rules and regulations, and working hours. While some may see working long hours as a sign of dedication and success, others may see these extra hours as evidence of inefficiency or lack of family or personal time.

Don’t let international business get lost because of cultural misunderstandings: When doing business across borders, companies need to do a lot of research and be open to new cultural trends and expectations. Companies are not alone in this process, Language Insight can help them communicate globally with our translation and localization services to ensure they have the best chance of success in new markets. Contact us now for a free, no-obligation quote. Trade was an important part of the Greek world, and after territorial expansion, population growth, and transportation innovations, goods could be bought, sold, and exchanged on the same side of the Mediterranean, from very different and distant regions. region. Food, raw materials and manufactured goods were not only available to the Greeks for the first time, but the export of ancient products such as wine, olives and pottery helped spread Greek culture to the rest of the world.

In Greece and the wider Aegean, local, regional and international trade exchanges existed since the Minoan and Mycenaean periods in the Bronze Age. The presence, in particular, of pottery and precious materials such as gold, copper and ivory, found far from the place where they were made, confirms the exchange that existed between Egypt, Asia Minor, the Greek world and islands such as Crete. , Cyprus and the Cyclades. Trade declined and perhaps all but disappeared as these civilizations declined, and during the so-called Dark Ages from the 11th to 8th centuries BC. n. no. International trade in the Mediterranean was mainly carried out by the Phoenicians.

) from the 8th century BC, although the profession is often portrayed as inappropriate for rulers and nobles. However, international trade grew from 750 BC. n. n., and communication spread throughout the Mediterranean region due to cultural and political factors such as migration, occupation (especially in Greater Greece), international alliances, currency circulation, gradual suspension of measures, wars, and seas safe to follow determination. stop piracy.

How Does Culture Affect International Business?

), where merchants of different nations meet to trade, were established, for example, at Al Mina on the Orontes River (now Turkey), Ischia-Pithekoussai (on the coast of modern Naples), Naucratis in Egypt, and Gravisca in Etruria. Since the 5th century BC n. no. The Athenian port of Piraeus became the most important commercial center in the Mediterranean and was known as a city where every commodity could be found in the market.

Fine Greek ceramics were also highly valued abroad and examples were found as far away as the Atlantic coast of Africa. Other Greek products included wine, mainly from the Aegean islands such as Mende and Kos, bronze objects, olives and olive oil (taken as wine in amphorae), emery from Delos, leather from Euboea, marble from Athens and Naxos, and ore (some kind). of waterproofing materials for ships) and Keos.

Sea loans allowed merchants to pay for their goods and the loan did not have to be repaid if the ship failed to arrive safely at the destination port. For the borrower to cover the risk, interest (

Government involvement in trade was limited; but the interesting thing was the grain. For example, because it was an important part of the diet of many Athenians and especially valuable in times of drought, the wheat trade was managed and bought by a special ‘grain buyer’.

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). From c. 470 BC n. no. it was forbidden to prevent the importation of wheat, as well as the exportation; for the guilty, the punishment was death. Marketing Officers (

) took care of the quality of goods when they were sold in the markets, while wheat had managers or

In addition to taxes on the movement of goods (for example: road taxes or in Chalcedon a 10% tax on Black Sea traffic imposed on Athens) as well as shipping and export duties at the ports, measures were taken to protect trade. For example, the Athenians taxed citizens who borrowed goods that were not delivered to Piraeus, or merchants who did not release a certain portion of their goods. Special maritime courts were set up to encourage merchants to choose Athens as a trading partner, and private banks could help exchange money and protect deposits. Similar commercial incentives were in place on Thasos, the largest merchant and exporter of high-quality wines.

With the decline of Greek cities in the Late Classical period, international trade moved elsewhere; However, many Greek cities would continue to be trading centers during the Greco-Roman era, especially Athens and the commercial ports of Delos and Rhodes.

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Editor’s note This article has been reviewed

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