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repare
for Success
in the Global Marketplace
Today, international business people increasingly
find themselves working in multicultural environments, encountering
differences in everything from communication and negotiation styles
to time perception to business etiquette to conflicting values about
the meaning and purpose of life itself. What is easy and intuitive
within one's own culture can be clumsy, ineffective, or even offensive
in another. What you don't know about a foreign culture can slow
you down, kill deals, even cause entire ventures to fail.
In
the global economy, corporations ignore these differences at their
peril: Anthropologist Edward T. Hall has said, The single
greatest barrier to business success is the one erected by culture.
Cross-cultural training and consulting empowers your personnel to
be culturally competentand can play a critical role in building
your business soundly in international markets.
he Costs of Intercultural Incompetence
| The single greatest
barrier to business success is the one erected by culture. |
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Edward T. Hall
Anthropologist, author
and business consultant |
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More than 40,000 new products are
introduced into global markets every yearyet 85 percent of
them fail, often because cultural factors were overlooked. |
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One in five U.S. expatriates sent
overseas will fail in their assignments. The cost to US business
of failed overseas assignments is more than $2 billion a year. |
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Only 28 percent of US CEOs believe
they need cultural knowledge to do business in other countries. |
he Price of Ignoring Cultural Differences:
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Lost sales |
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Failed negotiations |
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Broken partnerships |
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Embarrassing mistakes |
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Poor customer relations |
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Damaged corporate reputations |
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Damaged national reputations |
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Unsuccessful marketing campaigns
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Failed overseas assignments and premature
return home |
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