INTERNATIONAL BUSINESS & PROMOTIONAL VENTURES: A CROSS-CULTURAL PERSPECTIVE 2008 Annual Diversity Conference Bagher Fardanesh, Ph.D. bf@progamut.com 410-404-1122 INTRODUCTORY REMARKS • Dynamics of Competition, an Overview of Business and Marketing • The Importance of Effective Business Negotiation and Promotional Decisions • What Is Ahead? CULTURAL DIVERSITY & BUSINESS NEGOTIATION Verbal Communication: • Process • Practice • Discount • Meanings of “yes” • Date and Signature • Lubrication, and Bribery Non-Verbal Communication: • • • • • • • Punctuality Handshake and Kissing on the Cheeks Proxemics Eye Contacts Facial Movements Exchange of Documents Emblems PITFALLS in PROMOTIONAL DECISIONS • • • • • General Motors Gerber IKEA Electrolux Pepsi MISLEADING MARKETING & PROMOTIONAL APPROACHES With Respect to: • Branding & Counterfeiting • Quality • Quantity and • Pricing INTERNATIONAL PROMOTIONAL STRATEGIES • Demographic Considerations • Literal and Figurative Meaning of an Advertisement • Modes of Advertising as Related to the Level of Literacy • Facts and Feelings RECOMMENDATIONS, QUESTIONS, & COMMENTS • Research – Secondary – Primary • Translation and Back Translation • Ethnocentrism and Self-Reference Criterion, SRC