Importance Of Embracing Cultural Diversity In The Global Marketplace Essay

PAGES
2
WORDS
770
Cite
Related Topics:

Global Marketplace Culture can be defined as the common values, traditions and beliefs held by a certain group. It captures how the group's members live, how they relate both with each other and with other groups, and how they perceive life. In that regard therefore, culture can be referred to as the glue that holds members of a particular group together (Cavusgil, Knight & Riesenberger, 2007). An enterprise that succeeds in today's global marketplace is one that is capable of; overcoming the strong cultural influence of the society in which it is domicile, appreciating cultural diversity, and incorporating it into its day-to-day operations (Cavusgil, Knight & Riesenberger, 2007).

What cultural factors must U.S. sports franchises overcome to increase popularity abroad?

From the onset, it should be noted that sports are a fundamental component of the U.S. culture, and have, like all other sectors, not escaped global scrutiny. There have been numerous attempts to make the country's sports franchises more popular on foreign platforms, some of which have been successful, and others, a total failure (Cavusgil, Knight & Riesenberger, 2007). In order to serve new markets effectively, one should first gain an understanding of the cultural...

...

have different, and at times vulgar meanings in other cultures, has contributed significantly to the failure of popularity attempts in the past - especially with regard to the scouting and recruiting of foreign athletes and players. Displeased foreigners may take it as though the 'vulgar' U.S. environment would only ruin the morals of the recruited athletes (Cavusgil, Knight & Riesenberger, 2007).
The failure to address such concerns would often lead to cultural conflicts and the ultimate closure of U.S. sport franchises established abroad, as was the case in the 2007 closure of the NFL European Franchise (Cavusgil, Knight & Riesenberger, 2007). Despite the large sums of money invested therein, the European Football Franchise was unable to take off because the Europeans felt that the sport was too pervasive, emphasized the idea of violent conflict, and had too much of the American headstrong attitude, and that, through the franchise, the…

Sources Used in Documents:

References

Cavusgil, S.T., Knight G. & Riesenberger, J.R. (2007). International Business: Strategy, Management and the New Realities. Upper Saddle River, NJ: Prentice Hall.

Kegley, C. & Blanton, S. (2009). World Politics: Trends and Transformations, 2009-2010 Update Edition (12th ed.). Boston, MA: Cengage Learning.


Cite this Document:

"Importance Of Embracing Cultural Diversity In The Global Marketplace" (2014, March 14) Retrieved April 26, 2024, from
https://www.paperdue.com/essay/importance-of-embracing-cultural-diversity-185049

"Importance Of Embracing Cultural Diversity In The Global Marketplace" 14 March 2014. Web.26 April. 2024. <
https://www.paperdue.com/essay/importance-of-embracing-cultural-diversity-185049>

"Importance Of Embracing Cultural Diversity In The Global Marketplace", 14 March 2014, Accessed.26 April. 2024,
https://www.paperdue.com/essay/importance-of-embracing-cultural-diversity-185049

Related Documents

.. A series of symbols used to represent things. [and it is] a process of "coding and then decoding these symbols" (Lewis, 2006). And what must never be lost is that both speaker and listener are stakeholders in the process. Moreover, when the peaceful management of culturally diverse workers is pivotal to the success of a company, it's important to remember that "intention is not a necessary condition for communication,"

Global Mindsets Importance of the Global Mindset I agree with the assertion made by Cohen that possessing a global mindset is a key and integral part to being successful in business, particularly if global expansion is an organizational goal or aspiration. To be successful in today's marketplace, leaders must understand that the world is no longer made up of only local/regional/national customers and competitors. It has been shaped by the digitized age

Despite its conservative image, IBM is known for its philanthropy as well as its technical innovation. Thus, I became an IBMer. My mother, as a woman still struggling with her career in the business world almost thirty years ago, at first disapproved. IBM had a reputation as a male-dominated company -- but male did not necessarily mean misogynist, in my mind. For twenty years, it was my home. Although I

Workplace Diversity "The benefits of diversity cannot be achieved with isolated interventions. To the contrary, a complete organizational culture change is required in order to promote appreciation of individual differences… diversity is a multifaceted reality…" (Martin-Alcazar, et al., 2012) The need for diversity in the workplace has been well established in the literature, but the need for managers and executives to build a culture based on diversity is still on the drawing

Managing Diversity
PAGES 12 WORDS 4114

Managing Diversity Diversity is a fact of American and International business and is a broader, more complex issue than one might initially believe. A universally vital element of global commerce, Diversity has spawned an abundance of theorists, journals and specialists, some of whom are encountered in this composition. Addressing the remarkable breadth and complexity of Diversity, this essay reviews: the nature of Diversity; legally protected classes within the United States; aspects

When this happens, they will recall these concepts and begin utilizing them. In a number of schools, this is enhancing everyone's understanding of the challenges that English language learners and other individuals will face in adapting with their new environment. (Graham, 2009) (Wang, 2010) How does the research relate to these theories? The research is showing that each one of these theories is effective at enhancing diversification inside middle schools. This