As Ukraine Affects Other International Countries

As Ukraine affects other international countries

As president of the company Mimi Clothing, I seek to expand business opportunities to other international countries. On this occasion I will present the country of Ukraine as CEDE to establish new markets of the family clothing business. Each culture has its values and that is why it is important to know them and take into consideration to do business in that country. As a manager, identifying the relevant aspects that can influence the future of the business is essential. In this way, information is obtained that helps manage cultural differences and at the same time raise awareness as a work team on these important factors that can impact the work environment in the country of Ukraine.

Language, religion and customs

Ukrainian is the official language of the State;It is a language of the Eastern Slavo subgroup of the Slavic languages. Ukrainians are of Slavic origin, about 75% of the population is ethnic Ukrainian, although there are other minority groups. Most of the population in Ukraine is described as atheists, although the majority are considered atheists. Ukrainians are extremely superstitious. The typical greeting is a warm and firm handshake, which maintains direct visual contact and repeats its name. Ukrainians exchange gifts with family and close friends on birthdays and orthodox Christmas, gifts do not have to be expensive. It is the act of giving the gift what is important, since it symbolizes friendship.

Ukrainian entrepreneurs are generally less formal than in many other countries, their hands are firm and maintain visual contact during the greeting.

How cultural aspects impact power with the interested country?

The culture of Ukraine is not by nature very oriented to production, and it may not be the easiest place to do business, but Ukraine has other virtues;For example, it’s a great place to make friends, meet interesting people and have fun. That is why an important factor is to develop marketing campaigns in the Ukrainian language, to establish direct communication, this is valued in Ukraine. On the other hand, being a mostly atheist population, providing outfits that are aligned with location trends and consumer attractive regardless of their gender, religion and social level will allow a more subtle acceptance. That is why the business presentation of the company will be aimed at the clothes used to go out to have fun, to share among friends and make gifts symbolically using factors of their culture, religion and/or popular tendencies in music,In cinema and social life among others. The cultural aspects of Ukraine can be beneficial to do clothing -for -sale business, since at present, the country has high -end stores in the capital’s area, the purpose of my business is to add more options to the consumer.

Governance systems

Ukraine is a unitary, sovereign and independent state. The people are the bearer of sovereignty and the only source of power in Ukraine. The power in Ukraine is carried out according to the principle of its division in legislative, executive and judicial. The Executive Power in the country belongs to the Cabinet of Ministers and the Legislative Power to Parliament. The president of Ukraine can influence the work of the three branches of power.

How can the type of government facilitate or hinder negotiations in that country?

Doing business in Ukraine is different from doing business in other countries, especially in the United States, England, Germany and other northern and central countries. Ukraine business culture differs from other countries. The different type of relationship between the government and companies in Ukraine is one of the greatest obstacles to a greater western investment in the country. In Ukraine it is important to establish businesses near or in the open free trade zone. Business opening can be carried out in the following ways: creation of new businesses, purchase businesses, lease with the right to buy among others. When establishing a presence under one of these methods, a foreign entity can participate in all authorized activities in Ukraine. But, in the same way, the Ukrainian authorities establish relevant restrictions for exclusive property companies of Ukraine. It is important to maintain good contacts in the government, since it can guarantee the safety and survival of the business. Sometimes, conflicts between the various government entities in the country can be controversial and hinder negotiations in these country. However, the key to effectively directing a business in Ukraine is the adaptation to the communication style between companies and governments systems, it means following the rules, policies and laws established according to the present system of present government.

Economic and financial

The National Bank of Ukraine is the Central Bank of the country. Works to guarantee the stability of the national currency, the Hryvnya, which was introduced in 1996. The Ukrainian Hryvni is the currency of the country, according to the volume of GDP, Ukraine is economy number 62. Russia remains the most important commercial partner of Ukraine. Ukraine also makes an important volume of trade with Germany, Italy, Poland and other EU countries. The country’s economic development in recent years includes a stabilized currency, sustained economic growth, rapid growth in the production and end of inflation industry.

How can economic and financial changes affect be able to do business in the country?

Economic improvements in the country allow foreign investments to be made. On the other hand, if economic coffers are in danger, businesses in that country can be doubtful, which can affect investment. These economic changes can arise due to corruption and other political laws for permits and licenses required for new businesses in the country. However, at the moment, technological advances and globalization have been propellants so that new businesses can be carried out. The modernization of some port infrastructure, new automotive parts plants and future telecommunications office openings are some economic developments that allow business in the country. This means that the economy is growing and government support for foreign businesses would be more acceptable.

Legal

The Ukraine system is based on the laws approved by the Supreme Rada or Parliament, the Constitution being the Fundamental Law. The current legal system in Ukraine, provides a certain legal basis for doing business and to protect the legitimate interests of the parties involved in it. In Ukraine, a company can hire people such as a salaried employee or as independent workers. The main law, which regulates employment employees of salaried employees, is the Labor Code of Ukraine, which was adopted a while ago during the time of the Soviet Union. The products offered by Ukraine are in service, transportation, agriculture, manufacturing and telecommunications.

How does the legal aspect influence be able to do business in the country?

Legal aspects take an important role when business in that country is taken, since they are taken into account how workers and applicable salaries will be hired. Each country has its labor code to protect both items in the employer-employe. For example, the amount of taxes that have to be paid, if there are some additional insurance that apply for both the company and the employee and etc. The service method provided and the target market will also be elements of influence on the legal aspect due to the rates and fees of sale and import or export. In this case, the clothing that will be put for sale will set lease costs, local sales taxes, marketing process and personnel recruitment, all elements are governed by laws according to the country.

Demographic and geographical

Geographically, Ukraine is located in Eastern Europe, occupies 232.200 square miles. Ukraine has twenty -four administrative units, almost all named by its capitals and its capital is Kyiv, the weather is moderate. It has an estimated population of more than 44 million inhabitants, the ethnic composition is mostly of Ukrainians (77.8%) and the rest is divided between Russians, Belarusian, Moldavo, Hungarian, Romans, Poles and others. The social structure is composed of working workers, peasants and intellectuals. Education, medical care and research professionals, all dependent on state budgets, are in the lowest income segment. The education system in Ukraine extends from preschool education to higher education, the government gives much importance to education.

How do demographic and geographical aspects impact power in the country?

Demographic and geographical aspects can be impact factors to do business in Ukraine, since by geography you cannot reach all capitals, and demographies vary according to the area. In this aspect the Internet and social networks play an important role, because they allow a better reach to the target market to be obtained. Educational levels are important because the most trained people in technology will have greater access. On the other hand, this will be a great challenge to cover the markets that do not have access, perhaps using telecommunication resources, written press (newspapers), and television or radio to distribute product marketing. Marketing studies will be very helpful in this regard to achieve a positive impact on doing business in that country.

In conclusion, all cultural, political, economic, legal, geographical and demographic aspects of a country are important to analyze and investigate when doing business. This will allow a better business alliance and business effectiveness. According to NUC Online and according to Porter, the success of companies, through the establishment of strategies that allow itcultural cohesion. Relations between different cultures and organizational culture are significant factors for global trade. For this reason, the cultural concept is important to study and understand to establish business in foreign markets, since it takes a valuable participation in compliance with the goals drawn by the company.