Doing business in Ukraine

Essay by wawawaldorfUniversity, Bachelor'sA, October 2014

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It is not easy when entering worldwide market. There are the risks of not be sure whether there are different legal considerations to take into account. There are also cultural differences to adapt to which can impact all areas of our business. A good understanding of how culture impacts our international business helps us to manage risk better, and generally provides us with a framework to make our international business a success.

In this case, we take Ukraine as the subject to investigate on how the business people interact with foreign business people. Ukraine is located in south-eastern parts in Central Europe. Doing business in Ukraine is different from doing business in other countries, especially the U.S., England, Germany, and other northern and central European countries. Ukraine's culture is may not be the easiest place to do business, but Ukraine has other values. For example, it is a great place to make friends, meet interesting people, and have fun.

Ukrainian people are more towards family-oriented and are closed with their community. They will treat foreign business people who come to deal business with them as their family. In terms of mixed up, business people will not meet any difficulties there. But there is some rules must be undertaken when doing business there. We first must study how their culture there to make the business trip more valuable. The culture of the host country is very crucial because not only to pleased the person in charge but also to represent ourselves as a professional business people.

The process of negotiation in Ukraine might be quite a long process to go. For a start, they will ask about our journey coming to their country. We must tell them our story and a compliment can be added to make the starting more...