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How to Overcome Cultural Difference When Doing Business
Avoid the Mistakes That Others Make When Doing Business Internationally
Humor in Different Countries
In a previous post on Humor in Different Countries (2012), I tried to make a point about humor not being culturally neutral. (Click here to read it). I don't think there are many people who will disagree with the above point. In order to illustrate the...
The Good Assumption in International Business
The term ‘economics’ comes from the Ancient Greek oikos, which means ‘house’, and nomos, which stand for ‘custom’ or ‘law’. In other words, economics is really a social science about the ‘rules of the house'. Macroeconomics, microeconomics, business economics,...
Trust in International Business (but Verify)
The phrase ‘Trust but Verify’ was emphatically used by former US President, Ronald Reagan during his dialogues with Michael Gorbachev, then-leader of the Soviet Union. Reagan picked up the phrase from an American writer called Suzanne Massie, who told him that...