Jameson Defined Geography Components

Global Business

(Jameson (2007) has defined geography as one of the possible components of cultural identity needed for cross cultural communication in global business. Discuss how a company might take this component into account in managing their business.

Over the last several years, globalization has been causing firms to begin establishing operations in different areas of the world. Part of the reason for this, is because many regions can offer them significant benefits such as: lower labors costs and the ability to maximize their profit margins. Evidence of this can be seen by comparing labor costs of many developing countries with the United States. As, the below table is illustrating how they are significantly lower in comparison with the U.S.

Table 1: USA Labor Costs vs. Developing Nations

Country

Hourly Labor Costs

USA

$7.25

Bangladesh

$.25

China

$.69

India

$.57

Mexico

$2.30

Kenya

$.62

South Africa...
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