Today's world corporations must handle all kinds of restrictions concerning getting into foreign countries. Marketers and finance managers play a key role when it comes to making decisions concerning getting into a foreign country and controlling worldwide funds matters. It is quite important for international marketers to receive insight into multinational finance and accounting functions, because traditions are heterogeneous from one region to another.
This case contains problems concerning two companies whom come from distinct cultures and wish to do business with the other person.
Was the chairman of the US company wrong for not having found out before hand about Japanese people business practice?
Not research before you buy
Yes it was wrong because of not having discovered in advance about Japanese business practice. The tomato market in ALL OF US has not been going above its goals because it has not been enough to soak up increasing imports. To enter japan market was one of the potential bright spots for the Supreme Canning Company. Asia has been lowering their operate barriers and attempting to motivate imports. Considering that the US firm did not possess well-known brand name/image than it own just like the Japanese company, which was much larger and dealt with a large number of items with superb success, it absolutely was a good income opportunity for the company to the Japanese marketplace and act as a considerable supplier of goods made to client's specifications. The company must have considered that Japan's business practice is a lot different than can be recognized in US with assorted cultures in business and day to day lifestyle and they must have sought understanding of how the Japan carry out their particular business practice. If the US Company acquired done there is a big possibility that they could have a long lasting successful collaboration inside the tomato marketplace in Asia. The chief executive and chief of the table of Substantial Canning Business went on a four-day business trip...