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Tesco in the cultural institutions

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  1. For decades now companies have had to analyse cultural and institutional differences and to adopt efficient strategies to adapt themselves to these differences in order to make profits
  2. Recently Tesco has withdrawn itself from Japan and the United States because it was losing huge amounts of money and its implementation has been a total fail. In several years
  3. We can clearly see here that identifying key social facts is a necessary step during the decision of implementing itself abroad

To succeed in a global economy international companies have had to show awareness of cultural differences, but what about institutional differences between nations or regions?
How do the institutions that we consider "social facts", such as money, marriage, government and education vary between different social groups and nations and how does this affect the business world? What are the implications for companies and management practices?

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