CAGE stands for: Cultural Distance – Differences between culture, such as language, religion, values, and social groups. This chapter is the CAGE framework, and there are even some surprises on that dimension itself. achieved, based on a large dataset of over 700 companies and covers four host countries. CAGE Analysis. With all present similarities and differences, cooperation among Croatia and the EU candidate countries has a perspective for development, especially at a time when all candidate countries join the EU. According to the CAGE distance framework, what does cultural distance represent? September 2015 ; Business Systems Research Journal 6(2) DOI: 10.1515/bsrj-2015-0011. Even the word 'management' has different origins and meanings in countries throughout the world. Management is not a phenomenon that can be isolated from other processes taking place in society. The lower portion shows how they affect different products and industries. The upper portion of the table lists the key attributes underlying the four dimensions of distance. The CAGE - Distance Framework The cultural, administrative, geographic and economic (CAGE) distance framework helps managers identify and assess the impact of distance on various industries. [1] It may also be used to understand patterns of trade, capital, information, and people flows. Hrčak ID: 146902. Table 1. The CAGE Distance Framework Essay Sample. The CAGE Distance Framework “There are no foreign lands. Pankaj “Megawatt” Ghemawat is an international strategy guru who developed the CAGE framework to offer businesses a way to evaluate countries in terms of the “distance” between them. It may also be used to understand patterns of trade, capital, information, and people flows.) The CAGE distance framework For MNEs originating from mature markets, managing subsidiaries in emerging economies appears to be a difficult task, because the local environment of these foreign subsidiaries usually presents important differences with the home-country environment of the parent company. This framework is usually best applied at the industry level because different types of distance vary greatly in importance from industry to industry. It interacts with what happens in the family, at school, in politics, and government. Source: (dkirupalli, 2012) 3.0 CAGE framework CAGE framework is developed by an international strategy professional Pankaj “Ghemawat’s” which provides companies with one more parameter to evaluate countries in terms of the “distance” between them. In proposing the CAGE framework to explain the differences in domestic and foreign business environments, Ghemawat states four kinds of distances between a home and a foreign country (Ghemawat 2007). CAGE distance framework, where “CAGE” is an acronym for Cultural, Administrative (institutional and political), Geographic and Economic distances among countries. This chapter digs deeper into the question of why. However, these flows are affected by more than geography. Differences Across Countries. The CAGE Distance Framework identifies Cultural, Administrative, Geographic and Economic (CAGE) differences or distances between countries that companies should address when crafting international strategies.It was developed by Pankaj Ghemawat, an international strategy expert, to offer businesses a way to evaluate countries in terms of the “distances” between them. Attributes creating distance … Go further, discover our cultural survey tool, the Culture Compass™ or join our open programme Introduction to Cross-Cultural Management. Differences between Croatia and EU Candidate Countries: the CAGE Distance Framework. Listed: Miloloža Helena (Faculty of Economics and Business – Zagreb, University of Zagreb, Croatia) Registered: Abstract. They find that larger countries seem to have more diversified export portfolios across countries and industries, and that capital, trade, information, and people actually traverse limited geographical distances. b) The CAGE framework analyses bilateral differences and commonalities between two countries. It is the traveler only who is foreign.” —Robert Louis Stevenson, The Silverado Squatters, 1883. The CAGE Distance Framework identifies Cultural, Administrative, Geographic and Economic differences or distances between countries that companies should address when crafting international strategies. Hofstede's cultural dimensions theory is a framework for cross-cultural communication, ... he executed a large survey study regarding national values differences across the worldwide subsidiaries of this multinational corporation: he compared the answers of 117,000 IBM matched employees samples on the same attitude survey in different countries. Ključne riječi the CAGE Distance Framework; Croatia; EU candidate countries. Select one or several countries/regions in the menu below to see the values for the 6 dimensions. Can define and explain the CAGE distance framework (identifies Cultural, Administrative, Geographic and Economic differences or distances between countries that companies should address when crafting international strategies. Differences between Croatia and EU Candidate Countries: the CAGE Distance Framework Pankaj “Megawatt” Ghemawat is an international strategy guru who developed the CAGE framework The analytical framework used to understand country and regional differences along the distance dimensions of culture, administration, geography, and economics. a) The CAGE framework investigates to what extent home demand, home factor conditions and domestic rivalry are important to multinational firms. CHAPTER 1 EMPHASIZED the semiglobalized state of the real world, in which borders continue to matter. Administrative Distance – Differences between the countries institutional system, such as legal framework, political systems, and even trade agreements. Country comparison. Example: Many consumers associate Brazil with football, carnivals, beaches, and sex. Business Systems Research (2015-09-01) . The CAGE Distance Framework identifies Cultural, Administrative, Geographic and Economic differences or distances between countries that companies should address when crafting international strategies. Administrative distance: differences in foreign investment policy, … When expanding to a foreign country, the company needs to analyze the business environment in the foreign country. Differences across countries: The CAGE distance framework Instead of treating differences versus similarities in absolute terms, the companies must focus on the degrees of differences. It helps in the assessment of the effects of distances that act as This chapter enumerates the reasons that borders still matter and classifies them in terms of the cultural, administrative, geographic, and economic distances between countries. Figure 2 covers country charac-teristics across all four CAGE dimensions. The Inputs into CAGE Analysis. Distance here not only means the physical distance between countries but also the cultural, administrative and economic distance … This systematic analysis can significantly intensify Croatia’s international exchange and improve Croatia’s performance at important foreign markets. It is obviously also related to religion and to beliefs about science. to offer businesses a way to evaluate countries in terms of the “distance” between them. Cultural arbitrage exploits differences in culture across countries or regions. The CAGE Distance Framework The CAGE Distance Framework represents an appropriate model that identifies cultural, administrative, geographic and economic differences between countries (Ghemawat, 2001). The CAGE distance framework By, Nandini and Anusha Cultural dimension Economic Dimension Greater cultural differences– leads to lower amount of cultural trade Long lasting economic interactions– leads to weakening effect of cultural differences More malleable over the long run Chapter 2 collects the reasons that borders still matter and classifies them in terms of the cultural, administrative, geographic, and economic (CAGE) distances between countries. Objectives: The goal of this paper is to identify the fundamental differences between Croatia and the EU candidate countries through a comprehensive and systematic analysis of the determinants within the CAGE Distance Framework. See Table 1 for a summary (and the readings assigned for Module II for additional discussion). URI https://hrcak.srce.hr/146902 Differences between Croatia and EU Candidate Countries: the CAGE Distance Framework. This study extends the existing CAGE distance framework that analyzes the attractiveness of foreign markets. The CAGE framework suggests that simple gravity effects based solely on geographic distance might be ameliorated when the three other dimensions of distance are taken into account (Head and Mayer, 2014). It offers a broader view on distance and provides another perspective on the geographic location with the associated risks and opportunities related to global arbitrage. Differences between Croatia and EU Candidate Countries: the CAGE Distance Framework Differences between Croatia and EU Candidate Countries: the CAGE Distance Framework Miloloža, Helena 2015-09-01 00:00:00 Abstract Background: Nowadays, international cooperation is unevenly divided among countries. We explain the CAGE framework as follows: Cultural distance: differences in language, customs, religion, etc. One of the best tools, how to recognize differences between domestic and foreign country is the CAGE distance framework. It compares GDP-weighted (rather than simple) averages to highlight differences that business practitioners encounter in the large markets on which they often focus.3 Author & abstract; Download; 7 References; Most related; Related works & more; Corrections; Author. Furthermore two methods of calculating cross-national distance are analyzed. In the report, I firstly define foreign direct investment and briefly describe analyzing foreign country for FDI.

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