Denny Will Pass free essay sample

What are some of the general challenges of starting new business in another country? What specific challenges did Copy General face in Eastern and Central Europe? Starting a new business from another country will have some general Challenges faced as follows: 1. Language barriers 2. Cultural diversity 3. Ethical problems and concerns 4. Political and economical conditions 5. Methods of doing business 6. Strategy formulation and implementation 7. Labor relation and industrial democracy 8. Adaptations to new trend and technologyCopy General also faced some specific challenges in Eastern and Central Europe. 1. Language difference will make serious problems during communications. 2. As Budapest was new place for them, they faced difficulties in choosing location for their business. 3. Accommodation problem for the employees of Copy General 4. Distrust of banks towards new business 5. Difficulty in searching for supplier 2. How important was Paul Panitz’s vision to the decision to go into Hungary? How would you characterize his leadership and management style and his commitment to ? doing well by doing good’?The Hungarian Erno Duda was a much concerned only of his country and culture but the US. We will write a custom essay sample on Denny Will Pass or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Ken Chaletsky was not helpful about the business ideas of  Paul. But as a good friend of his, he signed on to with him. 4. What lessons (if any) can you derive from Copy General’s successful experience in Eastern Europe and beyond? From Copy general’s successful experience in Eastern Europe and beyond, we can derive that To gain success in international business, administrator must have knowledge about host country, strong leadership, analytical ability, forecasting power and mentality to face hard challenges.