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Identifying and Handling of Managerial Issues in a South Korean and American Business Cooperation

Jasmin Janle

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Essay from the year 2018 in the subject Economics - International Economic Relations, grade: 1,1, Victoria University of Wellingt...

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Essay from the year 2018 in the subject Economics - International Economic Relations, grade: 1,1, Victoria University of Wellington, language: English, abstract: This work will focus on a South Korean and American business cooperation. "Knowledge is power when it comes to global business" (Steers, 2017). Keeping that statement in mind, the objective of the following essay is to transfer and strengthen the knowledge about cross-cultural theories and dimensions in order to benefit from global business. The comparative analysis of those countries is highly correlated to the context of global management and divided as follows: In the first part, the cultural environment and key national cultural differences will be illustrated. Based on those identified differences, potential managerial issues driven by situational contingencies in business context will be highlighted in the second part. The third part of the analysis will focus on ways in overcoming those cross-cultural issues in order to benefit from this specific cross-cultural cooperation.