Country risk and strategic planning Free Essay, Term Paper and Book Report
Risk Analysis
Social/Cultural Risks
Italian is the official language of Italy and when conducting business transactions, knowledge of the language is necessary or use of an agent or distributor within the region would be wise. More attention is paid to businesses when correspondence is done in Italian. Having knowledge of the religious culture which is 90% Roman Catholic is also valued when doing business. Other growing communities include Protestant, Jewish and Muslim immigrant. Familiarizing oneself with this culture and language will make for a more successful business venture. Business culture is another important issue. Knowing what is expected in the first meeting and understanding how business is conducted is appreciated by your Italian counterpart. Prompt replies, letting the buyer take the lead, meeting delivery dates, making positive observations related to the Italian culture, cuisine, style or art are all important factors when conducting business (U.S. Commercial Service, 2006).
Cyber/Technology
Technology is growing not only in the U.S., but also in I......
Word Count: 2216
Page Count: 8.8 (250 words a page / double spaced)
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