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The influence of culture on the economic freedom and the international business

Author

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  • Herciu, Mihaela

Abstract

The firms who decide to expand their business in an international environment must modify their management style through international management. Certainly, international management must adapt their on functions to the different framework of the business development. The culture is a cardinally factor, being an essential component in the success equation of multinational companies. The culture, the habits and the attitudes became points of major interests on the global market. Their importance is obvious through numerous "blunders" which find out in international trade and international. For the success of international business the economies must bees free, but the economic freedom is influenced by the national culture. All the undertake activities of managers are accessible to cultural environment. The global firm is due to negotiate with different international organisms, and where through the negotiations to fall flat, the managers must understand the cultural environment of the negotiator and must have cross-cultural competence.

Suggested Citation

  • Herciu, Mihaela, 2006. "The influence of culture on the economic freedom and the international business," MPRA Paper 1686, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:1686
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    File URL: https://mpra.ub.uni-muenchen.de/1686/1/MPRA_paper_1686.pdf
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    Cited by:

    1. ȚÎMBALARI Carolina, 2021. "Trends And Challenges Of Nordic Management Style. Some Results From The Hofstede Cultural Model," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 73(4), pages 95-105, December.

    More about this item

    Keywords

    culture; economic freedom; international business;
    All these keywords.

    JEL classification:

    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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