Cultural Globalization Essays

Cultural Globalization Essays Cultural Globalization Essay Cultural Globalization Essay while National Basely National movies re based on Islamic values, contraindicative, romantic and they turn to appeal and be watched more by Islamic countries. QUESTION 2 2 ECONOMIC ENVIRONMENTS: According to the business dictionary economic environment is the totality of economic factors such as employment, income, inflation, interest rates, productivity and wealth that influences the buying behavior of consumers and institutions. The Nigerian economic environment is the biggest in Africa. It is also one of the fastest growing and robust economy in the world which will be suitable for selling the Nebulas Gal . GAL toothier. 2. Economic infrastructure: According to a study done by economy watch, Insignias economic structure suffers from a lack of infrastructure and poor regulation related to foreign and private investments. To encourage foreign direct investment in foreign direct investments, the country has aligned trade tariffs with the Economic Community of West African States (SHOWCASE) standards. Prior to 2005, trade tariffs were the second largest source of revenue for the country and this will give Karmic International Motors an advantage to migrate its motorbike business to Nigeria. 2. Standard of living: Still, for 80 percent of the Nigerian population, the cost of living is around USED 1 per day. And there is also a deteriorating infrastructure. Although there is a small but growing middle-class in Nigeria there remains a glaring absence of a middle class. The rich are filthy rich and the poor are dismally, irrevocably poor. Hence Karmic International Motors needs to consider these disparities for pricing. 2. 3 Economic infrastructure: Among its African peers, Nigeria has relatively advanced power, road, rail, and CIT networks that cover the national territory quite extensively. In the transport sector, Insignias road networks are in poor condition from lack of maintenance, and the country has a poor record on air transport safety which means that when Karmic International Motors should expert logistical challenges especially when transporting the motorbikes from the assembly plant to the show rooms. 5 | Page 2. 4 Per capita income: According to the World Bank national accounts data, and COED National Accounts data files, the latest value for GAP per capita (current SIS$) in Nigeria was $1,501. 72 as of 201 1 . Over the past 51 years, the value for this indicator has fluctuated be;en $1,501. In 201 1 and $91. 37 in 1960. This will affect the profit margins of Karmic International Motors especially taking into considerations all capital that has to be spent on running the business and looking at the time to make a return on investment. 2. 5 Exchange rate: according to the money converter the latest exchange rates is 1 South African Rand is equals 16. 1683 Nigerian Naira. This is a good thing because it means all assembling of the motorbike and logistics will be done in Nigeria for a very small amount then transported to other African states at a lower rate. It also means that the motorbike will be marketable nice oil prices are low in Nigeria. 3 CULTURAL ENVIRONMENT: is a set of beliefs, practices, customs and behaviors that are found to be common to everyone that is living within a certain population. Cultural environments shape the way that every person develops, influencing ideologies and personalities [o] 3. 1 Living standard: In Nigerian living in poverty has risen to nearly 61% over the past 5 years. Absolute poverty is measured by those who can afford only the bare essentials. According to WFM Poverty has risen in Nigeria, with almost 100 million people living on less than a $1 a day, despite economic growth. It is a concern for Karmic International Motors besides of doing business in Nigeria, CSS projects that will fit in to the standard of living must be considered to improve the standard of living. 3. 2 Gangue Although: English is the official language of Nigeria but Hausa, Your, Gobo are the some of the domino languages in Nigeria. For marketing the bike on different radio stations all of these languages have to be taken into considerations. 3. Lifestyle: Nigerian are outgoing and friendly. Unlike in South Africa, The motorbike is a very popular mode of transport used in different areas of remonstration in Nigeria. This is a pulling factor for Karmic International Motors to invest in Nigeria. 3. 4 Values: Extended families are still the norm and are in fact the backbone of the social system. Grandparents, cousins, aunts, uncles, sisters, brothers and in-laws all work as a unit through life. Family relationships are guided by hierarchy and seniority. Social standing and recognition is achieved through extended families. These are the values that will be used by Karmic International Motors when they are running marketing campaigns to sell the motorbike. 3. 5 Taboos: Nigeria is a religious entry, the northern part of Nigeria is comprised Of conservative Muslims while the South has conservative Christians. Therefore it is taboo to eat in 6 | Page public during the month of fasting and this is one of the points that Karmic International Motors needs to put in mind when hiring some of the staff members. 3. 5 Norms and customs: Many Nigerian use gestures when communicating. They may smile to mask their true feelings, especially when disappointed or confused. Many employ indirect eye contact to demonstrate their respect for the other person. It is common to gaze at the forehead or shoulders of money they do not know well. Very direct eye contact may be interpreted as being intrusive unless there is a longstanding personal relationship. Members of staff of Karmic International Motors who will be going to train and work in Nigeria from South Africa needs to be trained on the Norms and customs before departing. DEMOGRAPHIC ENVIRONMENT: According to business dictionary [o] this is the demographic factors of the market in which an organization operates, and which are used to segment the target population for effective marketing. 4. 1 Size of population: 173. 6 million in 2013 and over 250 ethnic groups including Hausa and Filial 29%, Your 21 Oh, Gobo (Bib) 18%, Jaw 10%, Kanji 4%, Bobbie 3. 5%, Tip 2. 5% ,Muslim 50%, Christian 40%, indigenous beliefs 10%. This is a huge market for Karmic International Motors. The different demographic dynamics needs to be taken into consideration when setting up the business as well. 4. 2 Education level: The majority of curricula found in the international schools in Nigeria follow British, American or International Baccalaureate standards. The quality of education tends to be high, and students who are children of employees who decides to relocated there need not worry about ailing behind during their time abroad. Furthermore, many of the private schools are equipped with state-of-the-art facilities, and offer a healthy choice of extra-curricular activities. 3 Income level: The income levels are low however there is growing middle-class. The pricing of the motorbike should consider this fact. The Nebulas Gal . GAL motorbike needs to cater both the middle-class and the lower class. Furthermore this will also be at the advantage of Karmic International Motors when it hires staff from Nigeria. 4. 4 Employment rate: Although there is oil in Nigeria and other thriving sectors like farming by big business, however there is also a thriving small medium business enterprises. It also very much important for Karmic International Motors to note this because they will most of the time not be dealing with people who get monthly income but people who will be paying their installment at any given time in a month. 4. 5 Occupation distribution Incentives looking for work in Nigeria can average as much as 45 percent above basic pay, and range between about SAID 100,000 and USED 200,000 per annum. The average is about USED 123,000 a year, but is often quoted in terms of (approximately) USED 71 Page 00 per day. Very high-level senior management jobs in the oil sector will command higher salaries, sometimes as much as USED 450,000 a year. 5 CONCLUSION This assignment discussed different issues that entailed an in-depth look at the Exportability of global markets where issues such as the relationship between national culture and the film industry were explored on the first question. There was also a description of cultural globalization as a two-way street and a look as to why certain film genres do better in some cultures than in others.