Cross-Cultural Transaction Management Essay Example | Topics and Well Written Essays - 1500 words

cross-cultural Transaction Management - Essay ExampleThe Chinese space for individuals to make decisions appear to experience nearly direct influence from the government, the US has a liberal space for individuals to decide on many issues without a direct influence from the government. Politics around the social scene affects the cultural definition between the devil countries with the Chinese culture being closely monitored and dictated upon by the strong political forces. The US pop model is perhaps one of the most liberalized in the world making it one of the leaders in the most favored nation (MFN) in economic terms. In contrast, the Chinese political setting has been a socialist model that appears to be on the opposite end when compared to democracy, which depicts the setting as intolerant of parliamentary values and principles. Entering the Chinese market to set up shop is likely to be subjected to unaired government bureaucracies than in the US. The government cronies fou nd all over China may pose the superlative challenge to setting out investment due to their political inclination thereby affecting external investment. In addition, the highly patriarchal cultural system that is established in the political arena hinders the part of women in Chinese economy.The Motosuzhou management makes are defined by high political influence business from the organization structure. Con alignrations of the political influence that the Electrowide joint venture may have on the Chinese strange policy of isolation based on its government structure come into the equation.... that the government has accorded Motosuzhou along side other 1000 companies in terms of liberal decision making, the role of Minister of Finance in the internal structure contradicts this assumption. Socialist model of the Chinese culture that emphasizes on understanding social attributes of the dialogue panel forwarded by Electrowide also consumed a lot of time that would otherwise have m ade advance in terms of the Americans estimation. Gender discrimination of female negotiator in the Electrowide team was non delicious from the Americans causing more frustrations. Negotiations failure between Electrowide and Motosuzhou Joint venture negotiations must contemplate the selection criteria of a married person for success in such negotiations, which were heavily compromised in the Electrowide and Motosuzhou case. During the negotiations, it was not clear what each partner was willing to obtain and offer as part of the joint venture. The Chinese team acted casually and did not utilize the time as the American team expected during the negotiations. Several assumptions were made by both(prenominal) parties which were not the exact positions of the intended entry strategies for the other parties. The accounting policies that the two firms applied in their operations were very different, for instance, in the treatment of manufacturing costs and their allocation in the bo oks. For better performance of the joint venture, it is alpha that the internal operations of the firms are not very different for purposes of harmonizing the joint operations. As it also appeared in the disparities, Motosuzhou did not strictly comply with audit rules which are fundament in American corporate operations. Thirdly, communicating is a basic necessity in the negotiations of a joint venture as well as during