assessment task 2 based on this case study give deep explanation of questions gi

Question

assessment task 2

based on this case study give deep explanation of questions given at the end

Based on the above case study and facts stated in the report, you
will be asked as a business manager in your workplace to establish
an international network in Latin America. Write 2000-word report
demonstrating your understanding to the following
Writing this report will rely on your analytical skills and
reflective thinking:

Part 1:
1-How culture impacts establishing international network?
2-How participants are likely to ask questions or highlight
problems?
3-What are the benefits of establishing an international network in
Latin America?
4-What is your strategy to establish this network?
5-Which international event do you prefer to build your
international business network?

Assessment Tool Task requirement. Case study: Business in Latin America Spotlight on Impact of Culture on Business in Latin America The business culture of Latin America differs throughout the region. A lot has to do with the size of the country, the extent to which it has developed a modern industrial sector, and its openness to outside influences and the global economy. Some of the major industrial and commercial centers embody a business culture that's highly sophisticated, international in outlook, and on a par with that in Europe or North America. They often have modern offices, businesspeople with strong business acumen, and international experience. Outside the cities, business culture is likely to be much 19

Explanation / Answer

1) Culture has a big impact on establishing international network. In Latin America most of the businesses flourish on the basis of deep connections with one another. This nexus is attributable to culture only. Indeed we have seen that businesses have rejected less costly outside vendors in support of their own friends / relatives as vendors. This can only be explained on the basis of culture rather on any rationality. Another aspect is that in Latin America it will take a long time to build the network as people have a much fluidic sense of time.

2) In a strict hierarchical structure generally people will refrain from asking questions to the top management. It will be very difficult for someone from US to work there as a manager and understand the problems as the lower level employees will seldom highlight the problems. In the meeting the participants are likely to ask questions regarding ease of business, environmental impact and current economic situation.

3) Without establishing international network it will be very difficult to run a business in Latin american countries. In these countries your familiarity , networking leads to building up of trust and this trust will ultimately give you business

4) To establish this network I will use online tools such as LinkedIn , Twitter etc. And also will go to many international conferences and webinars. Meet with persons in Latin America . establish a permanent residence there for company executives.

5) Events such as CEAAL , AMC networks can be used

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