Culture is very important in business and has an impact on the strategic direction of business. Culture influences management, decisions and all business functions from accounting to production. Don’t just think in terms of the national culture but also in business think of meetings, negotiation, formalities, social media use, internships and work placements hierarchy.
Read MoreIn order to decrease fears of US litigation, or any long drawn out litigation, for that matter, NAFTA has "dispute resolution panels." These panels look at whether or not the NAFTA countries participant is being treated fairly. Under President Trump, the US has claimed that "US court's sovereignty is eroded." He would do away with the panel altogether. Canada and Mexico want to keep them of course.
Read MoreThe Sanctions, under President Obama, the first U.S. President to visit since the embargo, authorized specific licenses for travel conditions and other transactions directly related to attendance or professional meetings in Cuba. This did not change the sanctions, but simply softened them. With a change of policy came diplomatic travel which included increase in tourist industries; with U.S. businesses going in and Cuban entrepreneurs opening up their homes for restaurants and cars for joyrides.
Read MoreThe main contributor to the Chinese GDP is manufacturing. “Made in China” used to mean “low-cost labor stuff.” China has now transformed itself and although fewer products may be made in China, they are still within the region and Chinese products will be slightly more expensive.
Read More
