You have been requested to prepare a short summary of the situation the CEO will face when she tries to negotiate this agreement with business people in Lithuania. Your memo should not focus on generic cultural differences. It should focus exclusively on cultural issues that might arise in a negotiation setting. Identify and overview seven facets of culture that you think would be very critical to a negotiation between a typical US manager and a typical manager from Lithuania. Clearly number them and present them in order of importance (as best you can - you are the cultural specialist). Of the seven facets of culture you overviewed, identify and discuss the facet that you think will be most challenging for the typical person raised in the US. Justify your thinking. Use at least five resources. Some resource options are provided below: • Business Culture section of the chapter about Lithuania (or a neighboring country that you think similar) from the Global Road Warrior: 95-Country Handbook for the International Business Traveler and Communicator (Troy library weblink: https://ebookcentral.proquest.com/lib/troy/detail.action?docID=3051629 Links to an external site. (https://ebookcentral.proquest.com/lib/troy/detail.action?docID=3051629)) • Culturegrams (Troy library weblink: https://www-proquest-com.libproxy.troy.edu/publication/2026824 Links to an external site. (https://www-proquest-com.libproxy.troy.edu/publication/2026824)) • Passport to Trade 2.0 website https://businessculture.org/passport-to-trade-2-0/ Links to an external site. (https://businessculture.org/passport-to-trade-2-0/) • Country and Culture Guides - Commisceo Global website https://www.commisceo-global.com/resources/country-guides Links to an external site. (https://www.commisceo-global.com/resources/country-guides) • World Business Culture - Country profiles website https://www.worldbusinessculture.com/ Links to an external site. (https://www.worldbusinessculture.com/) • Cultural Atlas website - https://culturalatlas.sbs.com.au/ Links to an external site. (https://culturalatlas.sbs.com.au/)
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
The term culture is a very broad concept that may encompass beliefs, attitudes and perceptions, common practices, and behaviors that are common among the people of the same culture. The facets of culture are very important to businesses, particularly those whose target market, or stakeholders are from different cultures.
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