yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

Adapting when doing business with different cultures!


less than 1m read
·Nov 3, 2024

Processing might take a few minutes. Refresh later.

The old days when 80 percent of the Jets were owned by U.S corporations and 19 of the worldwide jet ownership was in Europe, it was one percent all around the rest of the world. Most of the people in the U.S or in Europe are used to Western ways of doing business in a capitalistic environment.

But, as of late, in the last 20 to 30 years, there's been a lot of markets that have come that never were in the capitalist marketplace. So whether it's in the African continent, in Asia, or whether it's in the ex-Soviet block, these places never really dealt with the Western ways of doing business.

When all these places opened up in the emerging markets and the frontier markets started evolving, all the money was starting to be built there, and companies were being built. These kinds of people were sort of evolving also and learning how to do business in this capitalist world.

So it's very, very difficult because it's not that some of these people are trying to be difficult. The problem is they do business differently than Westerners. Over time, obviously, that has merged and overlapped a lot, but there's still a lot of the older people who still...

More Articles

View All
Great White Shark Photo Shoot: Don't Try This At Home | National Geographic
Look at him right here! God, he’s big. Whoa, look at the size of that animal coming right at us! I am in Cape Cod, Massachusetts, which over the last few years has become sort of great white shark central. Man, look at all the seals! That explains everyth…
Why I Think the 2024 U.S. Presidential Election will be the Most Important in our Lifetime
Let’s do politics quickly. We have an election next year in the US that you’ve said is the most important election in our lifetime. You see populists on both sides of the debate. How do you—what’s the end result there? Well, I think we can all see that w…
Dark Matter: The Unknown Force
A quick thanks to Squarespace for sponsoring this video! What if I told you that your entire life, everything you’ve ever seen, everyone you’ve ever met, every cluster of galaxies, stars, our planet, only makes up for less than 5% of the entire universe?…
Ray Dalio & Bill Belichick on Going From Nothing to Something Big: Part 1
I think the interesting thing, one of the most interesting things of the book was when you talked about going from, what was it, a four-person company? Well, it started with me and another guy, and yeah, three people. Three, okay. And how many? 1500? 1500…
How to avoid phishing attempts. However it’s spelled, it’s bad news
Hi, everyone. Sal Khan here from Khan Academy, and I’m here with Grace Hoyt, head of Account Security Partnerships at Google to talk a little bit about online safety. Welcome, Grace. Thanks for having me, Sal. So let’s just start at the basics. What is …
The Crux Episode 4 | Full Episode | National Geographic
Growing up, I watched the Olympics when they were in Vancouver, and I thought, wow, it would be really cool to be one of those athletes one day. But I never thought it would actually come true. It did on the first Olympics ever, which is like even more sp…