The International Business Center recognizes the international scope of Dr. Stephen Guisinger and his work, Professor at the School of Business, University of Texas at Dallas, and who left us much too soon.
is a Country's
The International Corruption Perceptions Index (CPI) from Transparency International has been released. The report charts the perceived level of corruption in each of 176 countries.
By utilizing a process of surveying perceptions by business people, academics and risk analysts, of the degree of corruption within a country, the numeric indexes will range between 10 (highly clean) and 0 (highly corrupt).
So what are the results for this year? At the top of the list was Denmark, Finland, and Sweden with a CPI Index score of 90, followed by Sweden with 88 and Singapore at 87.
At the other end of the scale, and considered the most corrupt nations on earth is Somalia, North Kores, and Afganistan at 8 with Sudan at 13 and Myanmar at 15, followed by Turkmenistan and Uzbekistan at 17.
The report makes for good reading, and an excellent topic for discussion among international business managers, always concerned about risk, and the best way to hedge against potential losses.
Also of note is that the first Corruption Perception Index in 1995 had the United States at 7.8 (78 under new 0-100 scale). Now, 17 years later in 2012, the perceived corruption in the US has increased by 6.4% to a current CPI of 73.
Before your next visit and negotiation session in any country, perhaps it may be advantageous to look up the Corruption Perception Index?
To review the complete listing of the Corruption Perceptions Index, including the methodology used, go to one of these locations:
You can view the CPI Table at this LINK
You can download the full eight CPI report in Acrobat PDF at this LINK
Culture + Etiquette
Don't Lose the Deal!
It happens somewhere in the world everyday. Negotiations have been accelerating and both sides seem to be nearing a fruitful culmination. The end is in sight when suddenly it begins to unravel. Perhaps impatience to 'close' was the trigger, or frustration that one side seemed to be 'back pedaling'. Whatever the reason, the deal has fallen apart and someone will be on the phone to explain this to the Executive VP of Global Marketing.
Perhaps one of the most difficult aspects of international business is dealing with, and understanding, differences in culture. Visit the International Business Etiquette and Manners Website to learn details about cultures from over 35 Countries. The Site also has an explanation of Geert Hofstede's world famous studies and analysis of cultural differences.
As an international business person, we urge
you to use extra caution and common sense when it comes
to travel and visibility while on
business or pleasure. This link leads to travel related
topics and current travel
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