A Case Of McDonald’s Global Strategy
GAAP are the Generally Accepted Accounting Principles, guidelines or best practices established by the Financial Accounting Standards Board. Cross cultural solutions to international business demands are increasingly being viewed as a valid and necessary method in enhancing communication and interaction in and between companies, between companies and customers and between colleagues. The last three decades saw many governments acquiring the systems of free markets, thereby, maximizing their own potential and opportunities for international business as well as investment.
Selling products from one country to another is sometimes difficult when the cultures of the two countries differ significantly. An international business in some of these countries would mean saving on a lot of money in basic raw materials. This case of McDonald’s shows that in order to succeed globally, intercultural differences should be taken into consideration in the strategy adopted by international organisations.
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You’ll learn the latest methodologies for business research and gain the experience and skills to maximise the impact of your research. These financial reports must comply with the guidelines laid in Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS).
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