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Business culture is the state of commercial development in a country.

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Introduction

TASK 1 Business culture is the state of commercial development in a country. It takes the values, attitudes and norms, which underpin commercial activities and helps to shape the behaviour of companies in a given country. These companies in turn, develop their own individual 'corporate cultures', which manifest the way we do things. There is no such thing as a single, homogenous European business culture. Europe contains as many business and government, the shape and orientation of the economy, the financial institutions and the trade unions all exert a profound effect on the business cultures of all European countries. The business culture in a particular country grows partly out of what could be called the 'current business environment' of that country. Foe instance, most companies in Western Germany are not in business to make profits, which will be distributed to shareholders as dividends, they are in business to generate surpluses in order to stay in business. Germany's business culture consists of: > A tendency to be product-led rather than market-oriented > Manufacturing companies over-engineering their products > Their preference for straight forward bank funding rather than complex share capital from financial institutions > Publicity shyness by small-medium sized firms > Lack of entrepreneurial spirit throughout business The business culture in Western Germany is affected by the attitudes and policies adopted by the federal government in Bonn. The business culture in Western Germany is dominated by considerations of manufacturing and the wealth-creation associated with it. ...read more.

Middle

However UK companies cannot assume that everybody will understand and welcome advertising in English. In 1994, there were moves once again in France to try and limit the use of English by law. Even more sensitive will be the business negotiations, which take place before a product can be sold in a new market. Here the rule is most definitely to sell in the buyer's language. Only UK importers should expect to be able to negotiate in English, where the local language is used. (Language) English French German Italian Spanish Dutch Belgium 26 71 22 4 3 68 Denmark 51 5 48 1 1 1 France 26 100 11 8 13 1 Germany 43 18 100 3 1 3 Ireland 99 12 2 1 1 / Italy 13 27 6 100 5 / Netherlands 68 31 67 2 4 100 Spain 13 15 3 4 100 / UK 100 15 6 1 2 1 Leadership in the business environment tends to be reflective of other elements of the social organisation. Eg: The French have the most hierarchical system within the EU with a strong tendency for centralisation and management is often considered to be a dictorial & highly formalised. Spanish & Italian management tend to be highly autocratic. Decision-making is shared and systems are highly informal as the organisation is held together on the basis of trust and loyalty rather than formal contracts or monetary incentives. ...read more.

Conclusion

As you can see from the charts provided, from debts, total capital transfers amounted to �708 million. The main source of moving capital transfer was the Migrant transfers, with �461 million. Central government had no credits but in debits and this amounted to �247 million with project grants and debt forgiveness and the purchases of non-produced, non-financial assets came to �130 million. In Credit terms, total capital transfers came to �2,644 million with EU institutions rising to nearly half of this figure at �1,273 million. The Regional Fund and the Migrants transfers produced a lot of credit for the UK and the sales on non-produced, non-financial assets came to �167 million. A major difference between credits and debits would be the EU institutions. When assessing the Capital Account in task 4, with the main Capital flows from and to the UK, you can see that the credits outweighs the debits. The sales of non-produced, non-financial assets, oversees the purchases of non- produced, non-financial assets by �247 million. The capital account for the main capital flows to and from the UK has noticeable effects of capital inflows and outflows. Migrant transfers showed to be a successful capital flow with �910 million and the Regional Development Fund for credits is also high with �989 million. The total amount of capital transfers have a difference of �1,936 million in the year 2000 which is in favour of debits to credits. The best outcome is from 1999 - 2000, total capital transfers, which rose by �1,200 and from �1,476 million to �2,644 million. ...read more.

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