IndexCommunicationWorkplace EtiquetteOrganisational HierarchyUK TradeExportImportBusiness Patterns and Capital FlowsCross Border Communication and Management IssuesContract ReviewCulture refers to learned norms based on values , attitudes and beliefs of a group of people and cultural difference is the variation in beliefs, values and behavior. In this era, due to globalization, culture seems to vary from country to country. And in doing business, this Internet technology makes it easier to learn about other cultures before engaging in any business. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay As companies continue to expand their business across borders and the global market becomes more accessible. Likewise, multinational and cross-cultural teams are becoming increasingly common, meaning that companies can benefit from an increasingly diverse knowledge base and new, in-depth approaches to business problems. However, in addition to the benefits of insight and expertise, global organizations also face potential obstacles when it comes to culture and international business. But in the concept of international business, what is a common and accepted norm in one country may be different for another country. As we are looking to expand the business in England, we have to consider some issues, for example demographic, cultural, economic. , social status, people's income, religion. But specifically in doing business, the three main aspects we need to consider are communication, workplace etiquette and organizational hierarchy. Communication Effective communication is very important in business, as our business function will operate from there, an assigned employee will be there to do it. working together with other subordinates. The first barrier for communication is language, so Bangladeshi manager or employee must have good training in English language and speaking skills. Along with verbal communication, non-verbal communication also has an important impact on communication. English people are usually very reserved, which leads people to consider them moody, but in reality they are very friendly and helpful to foreigners. Bangladeshis are also very friendly, but people are reluctant to speak in English, which causes discomfort in communicating with people. Bangladeshis usually greet each other with salam, while English people greet each other by saying good morning, smiling at each other, etc. Shake hands with everyone present - men, women and children - at business and social meetings. Shake hands again when leaving. The handshake should be firm and not very tight. Rigidity indicates very bad ways in their society. But Bangladeshis don't follow any rules. In a business relationship between male and female it is necessary to maintain some distance in Bangladesh but it is necessary to speak very formally. While the English care a lot about this relationship. Some physical contact can be considered a rude gesture, such as caressing a (female) colleague or shaking hands, but the English don't follow it, instead this type of behavior is very normal. British Use appropriate surnames and titles until you are specifically invited by your British hosts or colleagues to use their names. people usually call their bosses sir or madam. The British like a certain amount of personal space, but in Bangladesh. Don't stand too close to another person or put your arm around thembehind someone's back. Bangladeshis can put their arms on someone's shoulder, which is very normal. Staring at others is considered a big crime in Britain, while Bangladeshis are always curious about others. These are some key differences in culture. Workplace Etiquette Workplace etiquette is another vital issue. In Great Britain punctuality is important for business meetings and you always try to be punctual, respecting the company culture. Bangladesh is a very opposite scenario. But the people of Bangladesh work hard. Meetings should be scheduled well in advance. The meeting must have a concrete objective such as making a decision, developing a plan. Etc. The English always try to set goals for their business and try to achieve them. The presentation must be detailed and perfect. Organizational hierarchy In British culture the board of directors is the source of power and the main decision-making unit in a company. For every business function, formal approval from the hierarchy is required, which is why the decision-making process is very slow. The corporate organization is traditionally multi-layered with a vertical chain of command. In larger companies there is a network of committees, formal and informal. Group consensus is preferred to individual initiative. UK Trade England is a highly industrialized economy with a well-established trading infrastructure. Since the beginning of colonization, trade has been the most important factor in the English economy. ExportEngland recorded a figure of 351.3 billion dollars in 2009 and ranked 10th in the world in terms of exports. Although the recession pushed the figure down from the $466.3 billion reached in 2008, the economy was still helped by the volume of exports. The most commonly exported products from England are: manufactured goods, fuels, chemicals, foods, drinks, tobacco. The main export partners are: United States, Germany, Netherlands, France, Ireland, Belgium, Spain. Imports Imports in 2009 were recorded at $473.6 billion, in contrast to $639.3 billion in 2008. England was the seventh largest country in the world in terms of import volumes. She cares that the British would have collapsed but that didn't happen. According to Forbes, their pound exchange rate increases by 9% against the dollar. Their GDP increases by 1.8% in 2016. Economic growth has been strong so far, so unemployment has fallen to 4.3%. Much uncertainty remains with the official exit from the EU expected in March 2019. Some British companies are holding back investment to see how Brexit affects trade relations and growth is expected to slow in 2018, but Britain's economic climate remains attractive. The UK has ranked first for the first time in Forbes' 12th annual survey of the best countries for business. Many large companies are investing in their country to create a hub in Europe. International companies locate in the UK because they want to access new or existing customers Develop new products Find new suppliers and partners Do more business in other countries across Europe. UK-based businesses can reach more than 500 million customers across Europe. You do not need to make any payment while moving inventory through UK because it is free. The UK has a workforce of over 30 million people. This is the 2nd largest in the EU. The UK has: A highly skilled workforce A flexible labor market Regulations designed to protect employees The.
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