International Business Management - Lecture No 06

1. Lecture No: 06
Course Facilitator: Khurshid Alam Swati
University of Swat, Swat
Email your query to:
Khurshidalamswati@yahoo.com
Evaluating Cultural
Differences

6. Cultural Differences
Cultural differences are the variations in the way of
life, beliefs, traditions and laws between different
countries, religions, societies and people
 E.g. Clothing, Food, Language and rules
Cultural differences distinguish societies from one
another.
Cultural difference is the variation in the quality of
a society or person based on race, language,
sexual orientation, religion and nationality. The
term can also refer to diversity regarding art,
scholarly pursuit and manners among many other
factors

7. International Differences
 Greater Number of Services
 Special Services to Unique Group
 Compensation Complexity
 Language Differences
 Foreign Exchange Rate Attention
4-7

8. Assignment No: 02
The role of WTO, UNO, IBRD,
IMF,OPEL & EU in international
Business
Due Date: 26th March 2014