Table of ContentsCommunicationWorkplace EtiquetteOrganizational HierarchyUK TradesExportImportBusiness Model and Capital FlowCross Border Communication and Management IssuesContract ReviewsCulture Refers to learned norms based on the values, attitudes, and beliefs of a group of people and cultural difference is the variation in beliefs, values, and behavior. In this era, due to globalization, culture seems to vary from nation to nation. And in business, this Internet technology makes it easier to learn about other cultures before doing business. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an Original Essay As companies continue to expand their businesses across borders and the global market becomes more accessible. Multinational and cross-cultural teams are also increasingly common, meaning businesses can benefit from an increasingly diverse knowledge base and new, insightful approaches to business problems. However, in addition to the benefits of knowledge and expertise, global organizations also face potential obstacles when it comes to culture and international business. But in the concept of international trade, what is a common and accepted standard in one country may be different in another country. As we try to expand our business in England, we need to consider some issues as examples, such as demographics, culture, economics. , social status, people's income, religion. But when it comes to doing business, the three main things we need to consider are communication, workplace etiquette, and organizational hierarchy. CommunicationEffective communication is very important in business because our business function will work from there designated employee will be there to do the job along with other subordinates. The first barrier to communication is language, so the Bangladeshi manager or employee must be well trained in English and speaking. Besides verbal communication, non-verbal communication also has a great impact on communication. Usually, English people are very reserved, which makes people consider them moody, but in reality, they are very friendly to foreigners and helpful. Bangladeshis are also very friendly but people are reluctant to speak English which makes it difficult to communicate with people. Bangladeshis generally greet each other with salam, while English people greet each other by saying hello, smiling, etc. Shake hands with everyone present – ​​men, women and children – at business and social meetings. Shake hands again as you leave. The handshake should be firm, not very tight. Narrowness indicates very bad manners in their society. But Bangladeshis don't follow any rules. A working relationship between a man and a woman must maintain a certain distance in Bangladesh but must speak in a very formal manner. While the English are very fond of this relationship. Some physical contact may be considered bad manners, such as patting a (female) colleague or shaking hands, but the British do not follow it, this type of behavior is completely normal. English Use appropriate last names and titles until your British hosts or colleagues specifically invite you to use their first names. people usually calltheir bosses with sir or madam. The British like a certain amount of personal space. But in Bangladesh. Don't stand too close to another person or put your arm around someone's shoulder. Bangladeshis can put their arms on someone's shoulder, which is completely normal. Watching others is considered a big crime in British, while Bangladeshis are always curious about others. These are some fundamental differences in culture. Workplace Etiquette Workplace etiquette is another vital issue. In Britain, punctuality is important for business meetings and they always try to be on time but the business culture of Bangladesh is a very opposite scenario. But Bangladeshis work hard. Meetings should be scheduled well in advance. Meetings must have a concrete objective such as making a decision, developing a plan. Etc. The British always try to set goals for their business and try to achieve them. The presentation must be detailed and perfect. Organizational Hierarchy In British culture, the board of directors is the source of power and the main decision-making unit of a company. For each business function, formal approval from the hierarchy is required, which is why decision-making is very slow. A business organization traditionally has several levels with a vertical chain of command. A network of committees, formal and informal, exists in large companies. Group consensus is preferred to individual initiative. UK Trades England is a highly industrialized economy with a well-established business infrastructure. Since the beginning of colonization, trade has been the most important factor in the English economy. Export England recorded a figure of $351.3 billion in 2009 and ranked 10th in the world in terms of exports. Even though the recession brought down the figure of $466.3 billion reached in 2008, the economy was still supported by the amount of exports. The most commonly exported products from England are: manufactured goods, fuels, chemicals, food, drinks and tobacco. The main export partners are: the United States, Germany, the Netherlands, France, Ireland, Belgium and Spain. ImportsImports in 2009 were recorded at $473.6 billion, compared to $639.3 billion in 2008. England was the 7th country in the world in terms of import volumes. England's imports are dominated by the following products: manufactured goods, machinery, fuels and foodstuffs. England's main import partners are: Germany, the United States, China, the Netherlands, France, Norway, Belgium and Italy. that the British were going to collapse, but that didn't happen. Their pound rate increases by 9% against the dollar according to Forbes. Their GDP grew by 1.8% in 2016. Economic growth has been sustained so far, so unemployment has fallen to 4.3%. Much uncertainty remains with the official exit from the EU planned for March 2019. Some UK companies are delaying investments for We see how Brexit is affecting trade relations and growth is expected to slow in 2018, but the business climate in Britain remains attractive. The UK ranks first for the first time in Forbes' 12th annual Best Countries for Business survey. Many large companies are investing in their country to create a hub in Europe. Businesses.