Joseph McDaniel University of Phoenix September 28, 2008 Global Perspective MBA 501 Dr. Omer Konuralp Pamukcu Prof. Geert Hofstede, Emeritus Professor, Maastricht University {draw:frame} America and the Czech Republic have areas in which Steve can capitalize on his business based on the familiarity of the values in culture. Based on the culture the two countries are not so different in some ways, Steve can take advantage of the masculine ways in the culture and he can relate to the long term orientation the country shares closely to America. But Steve has to adapt to other areas that dominate the culture that may not have been so obvious in America. Czech Republic is not a large country it is almost about the size of South Carolina, so once his business is established it will be easy to determine if his success will be long term or nonexistent. Compared to America where he has competition and a larger market to make an impression on Steve can take the opportunity to make a huge impression on a small market in the Czech Republic. The trade barriers that will have to be taken into account with the efforts of expanding business in the Czech Republic are the differences within regulatory quality. It is a measurement of the incidences of unfriendly market policies such as price controls or insufficient bank supervision. The Czech Republic has often kept this number at 1.1% and below, the quality is measured on a scale of -2.5 to 2.5, with the higher scores indicating to better governance of the regulatory quality. The United States has a consistent higher rate staying steady within 1.2-1.5, meaning a better quality of regulations (country watch, 2008). Steve needs to be aware of the financial institutions that are within the Republic and how his business can coexist with the policy and procedure on a lower spectrum. This could affect funding and location, based on availability and funding. The economic stability of the citizens in the Republican, the GDP rate...