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The aim of this bachelor thesis is to investigate how cultural differences of countries can be used to make assumptions on what kind of financial product might be the most efficient one based on the culture of a country. By using re-search that is trying to explain market performance differences and consumer behavior differences based on culture of a country. This thesis is trying to link those researches in order to create a cultural assessment framework that can be used to make predictions about a country
Morality confronts us in our daily life. Sometimes people do not act the way we would have expected it. One of the biggest culture differences can be found between China and Germany. A lot of foreigners try to make business in the more and more economic important becoming country. A lot of them fail, because of not knowing how to act in certain circumstances. Furthermore, some situations are happening which one would not expected. Everyone got influenced by media about China. But is everything true about it? Most of the journalists are from western countries and they decide what is right and what wrong dependent from their origin. We call such a situation ethnocentrism. It means, that one judges dependent on ones ethnical norms one raised up with and that these norms are basis of valuation on other cultures (Schubert, 2011). While I was in China, I experienced a lot moral misunderstandings. I found out that especially foreign companies do have huge problems in that term because they use their - grown up morality- in China which is not working. This paper explains moral inequalities and helps companies to act differently in consideration of a very important topic such as payment morality.