...Culture and its implication on the international business management. Introduction Today, problems associated with global business management have been identified as factors that negatively impact the performance and productivity of multinational corporations and in turn, adversely affect regional and national economic growth The goal of this paper is to analyze the influence of culture in international business. The globalization of the world economy has intensified international relationships, increasing the importance of cultural dimension. The world is being affected by the globalization of the economy. This phenomenon is bringing movement of companies, assets, services, capital and people. Analyzing globalization this process is taking the world to major changes in the economic, technologic and social areas, which are having consequences in all organizations and societies that participate in this globalized market. It is a process that does not bring equal benefits to all participants. The globalization concentrates more of its actions in some sectors of economic activity and some regions and countries, rather than acting everywhere. With the world getting flatter doing business anywhere in the world is easier today, because of major changes in technology, global politics and expanded educational opportunities. But it is not only businesses that are affected. Governments, NGOs and society itself is changing at a fast pace. Nevertheless going forward can only happen...
Words: 4150 - Pages: 17
...Introduction to Business 110/1 Student number: 140009376 Module Tutor: Glen Chapman Submission Date: 14/03/2014 TITLE: Compare and Contrast the four types of Business Culture illustrated by Charles Handy. Discuss which culture is appropriate for an innovative business Word count: 1327 words Despite not always being an intentional creation, every company has a culture, which evolves from the core values belonging to the business. Culture can be loosely defined as shared beliefs and values of a group: the beliefs, customs, practices, and social behaviour of a particular nation or people. In the world of business this definition of culture can be used to differentiate one business from another. Different businesses have different values, customs and practices in the way they run their organisations and thus it is important to be able to identify the culture a business implements because this can be said to be the core foundation of a business. Innovation might be defined as the act or process of inventing or introducing something new, a new invention or way of doing something, innovation is the core of many businesses in the 21st century, due to the rapid advancement in technology. This essay aims to narrow down and compare and contrast the four type’s business culture presented by Charles Handy. This essay will also discuss which culture might be most suited to an innovative business. Handy (1993). Handy (1993) illustrates the power culture as a ‘web’. He suggests...
Words: 1380 - Pages: 6
...IV. Corporate Culture What is this powerful force called “organizational culture” that can determine success or failure in an acquisition and merger. It has been defined in various ways that to work with the culture of an organization is to work with all aspects of a company. “It is the traditions, shared beliefs, and expectations about how individuals behave and accomplish tasks in organizations (Cartwright & Cooper, 1993).” All organizations have a culture, and consistent set of beliefs, shared by most of the members of the organization about how people should behave at work and what tasks and goals are important. The culture also includes and is shaped by the pattern of successful internal responses to adapt to external threats and issues. Since, the culture is results of past successes it will resist change even though a change in the environment, specifically a merger or acquisition, might impose a change in the culture. Economic globalization is viewed by some as the best hope for world stability, by others as the greatest threat. But almost everyone accepts that businesses of all types must embrace it. Organizational culture is a big aspect to globalizations. For recent years more and more international companies has merged. There are very successful acquisitions and mergers, but on the other hand, there are also unsuccessful mergers due to the differences of corporate culture. Some factors of the difference of corporate culture that firms need...
Words: 2475 - Pages: 10
...ORGANIZATIONAL CULTURE The New HR Strategy Of Organizational Culture Donna Koravos SNHU STRATEGY OF ORGANIZATIONAL CULTURE 2 Organizational culture has become a very important business concept within today’s HR strategy. Focusing more on the satisfaction of employees has been a key factor in hiring and retaining top talent. By offering employees positive feedback, providing a positive working environment, giving them more autonomy in certain situations, and being more transparent with company goals and performance, has had a profound influence in today’s organizations. “Researchers found a relationship between organizational cultures and company performance, with respect to success indicators such as revenues, sales volume, market share, and stock prices.” Retrieved from https://new.edu/resources/organizational-culture--9. Three firms in which HR management has focused on organizational culture and has contributed positive effects amongst their employees are Google, Scripps Network and UPS. Although three very different companies, each one has been recognized as one of the Most Admired Companies by Fortune magazine. Since its start-up, Google has had a reputation of being a people oriented company. Their HR strategy is its emphasis on organizational culture and business objectives. By tying the two together, Google has strived and maintained its open culture attitude which has lead to the company’s success. “We strive to maintain the open culture often associated...
Words: 1845 - Pages: 8
...Business culture and strategy Content 1.Introduction 2 2.The possible strategies adopted by organisations and its environment 2 3.Identify the strategy used by the company during the certain period 3 4.Compare the the influence the strategy has had on behaviour 4 5.Differentiation strategy 5 6.Major factors to cause changes 5 7.Key issues that the organistion has had to take account of in order to manage its business strategy 6 8.The reason why the strategy of the arganisation has changed over time. 8 9.the stakeholder power that lead the changes in organisation 8 10. the role of management could play in dealing with the changes 9 11.Conclusion 10 1.Introduction JD Wetherspoon plc was founded by Tim Martin who opened the first JD Wetherspoon pub in 1979. In 2002, its share price rose to more than ten times its original value. Although JD Wetherspoon was successful in the past, it was facing much more problems by the start of the twenty fist century. JD Wetherspoon has made some changes in many aspects which conclude its operation .As a result; JD Wetherspoon is successful in remaining a successful business. 2.The possible strategies adopted by organisations and its environment Diversification strategy: this is where we market completely new products to new customers. There are two types of diversification—related and unrelated diversification. Related diversification means that we remain in a...
Words: 2390 - Pages: 10
...Johnson and myself as Mrs. Fowler. I will not attempt to introduce myself as it would be considered rude. We will wait for him to initiate a handshake at which time my boss will first shake his hand gently and then myself. How do you exchange business cards? Following the introduction it is expected exchange of business cards. It is important to have business cards that are printed on sides; one in English, the other in Chinese. These should include: Company Name, Personal name, title, fax and email. They should be clean, neat and printed in gold lettering. The exchange will occur one at a time standing up and holding the card on the corners with both hands with the Chinese side up. You will hand your card carefully showing him respect, you will show the same respect when accepting his card. Once I receive the card I will need to study it prior putting it on the table, showing interest by reading the details; if I had collected more than one business card, I would line them up in vertically in order of seniority going down on the table (NBC Universal, Inc, 2008). The culture coach informs me that they should never go into a pocket, get written on and that showing up without business cards could possibly cause irreparable damage to the business relationship. How do you explain your position and your boss’s position? Provide job description information to explain the positions and how they fit into the organization. Provide information about our educational backgrounds and experience...
Words: 807 - Pages: 4
...Introduction Due to speedy growth within the Management segment, a large number of people desire to build a profession in the same. Moreover, individuals who aren’t directly working within IT segment, indirectly operate with IT. Hall (1976) holds the view that the degree and qualifications hold no value in case if a reputable job isn’t grabbed afterward. After completing my bachelors in Management Studies and masters in Business Administration, the career that I have chosen is Management Consulting. Being a Management Consultant, has several benefits. Firstly, it offers good salary packages and high prospects to travel. Secondly, it offers opportunity to operate with top management of client’s organization. Lastly, the task never gets boring for the reason that it involves switching from one project to other and thus, provides opportunity to get hold of huge experience in distinct industries. Further, taking the above discussion into consideration this particular paper first highlights the job requirement of management consultant at Accenture. It also includes a thorough outline about the responsibilities and roles related to the position of Management Consultant. This is followed by providing a deep insight of my educational background, skills and abilities and also, mirrors the level to which my skills match with the required skills of the job profile. Lastly, the paper puts forward my personal development plan. Job Responsibilities of Management Consultant At the...
Words: 2526 - Pages: 11
...|FUNCTIONS |JAPAN |CHINA |USA |SAUDI ARABIA | |PLANNING |Their planning is long-term in nature |Their plans are usually in two phases;|Planning is usually short term. |Planning in Saudi is not a formal | | |and it involves the input of many |long term of 5 years and short-term of|Decision-making is by the manager and |affair as they believe that even in | | |people. It takes a bottom up approach|1 year. Decisions are made from |involves few people. Decisions are |business, whatever action they take | | |with the people lower down the ladder |top-down and are made by committees. |top-down. They are fast at decision |and the outcome of same is according | | |being involved in the decision making |They are slow in decision making and |making and slow in implementation. |to the will of God. Decisions are made| | |process as they are directly involved |plan implementation. | |from top with instructions being | | |implementation of the decision. Even | | ...
Words: 1075 - Pages: 5
...The role of the middle class in achieving democratic reforms in Asia Table of Contents 1. Abstract 3 2. Introduction 3 3. What is Middle Class? 3 4. Democratization (Democratic Reforms) 4 5. Democratization in Asia 4 6. Historical Cases of Democratization from Asia 4 6.1. Philippine 4 6.2. Taiwan 5 6.3. South Korea 5 6.4. Indonesia 5 6.5. Thailand 5 7. Middle Class & Democratization in Asia 6 8. Conclusion 7 9. References 7 10. Discussion Questions 8 1. Abstract This essay is about the role of middle class in the democratic reforms in Asia. It briefly discussed significance of middle class with many examples of democratic transitions in the region. 2. Introduction A question that is commonly raised about the democratization is that who make and strengthen the democracy, whether it is consolidated by elites or middle class? Many studies have given much emphasize to the role of elites in creation of democracy but the reforms happened in last two decades in Asia suggests that the contribution of middle class to the process of democratization can never be overlooked. In Philippines, Indonesia, Thailand and South Korea we cannot imagine the completion of democratization if we ignore the role of middle class although it is mostly seen in supportive role but successful democratic transition was only possible with its active participation. 3. What is Middle Class? Middle class is relatively vague concept as it has different meaning for different people...
Words: 1222 - Pages: 5
...I. Introduction When conducting business in a country with a culture that is unknown to you, it is best to prepare and understand that country's traditions and culture as best as possible. In order to be successful in business in Japan, one must understand the dynamics of an intercultural relationship on a business level as well as a personal level to ensure that no offense is created . This report will focus on Japan; what differences we see between Japan and Canada culturally while studying abroad, and what helps create a strong successful business relationship. II. Determinants of Culture Culture is a system of values and normalities that are considered a way of life in society. Culture influences how we think, talk, pray, eat, dress, interact and, communicate. Our behaviour, attitude, personality and beliefs have been shaped by the culture we were raised in. “Culture is transmitted through language, material objects, ritual, institutions and art, from one generation to the next.” (n.d., Dictionary) Even with the effects of globalization, countries around the world are still distinct from one another. So how do we really set apart one culture from another? Here are the determinants of culture: * Social Structure - Consists of institutions, rules, and practices. Social structure assigns roles and powers to individuals in a society. It is the social relation of one person to another person where a stable arrangement of institutions by which the people in...
Words: 2178 - Pages: 9
...Market Cultural Report Rationale for your country of choice In this market cultural report, I will be writing about my personal choice of home country of United States of America making a business to host country of China. By discussing the cultural analysis and business culture in China. And also the difference of the business cultural between China and United States of America. The home country of United State of America is the world third biggest population and fourth biggest area country and consists of 50 states and a federal district. Americans are strongly emphasize personal interest in their work, pay close attention to personal ability usage, and also to increase the values of personal behavior responsibility. Americans are strong...
Words: 1145 - Pages: 5
...American business culture can be extremely intimidating to the majority of foreign business men and women. Our customs and culture center on a direct approach whereas many other countries around the world are very indirect. This paper will discuss the differences between Japanese and American business culture, more specifically, the focus will be on eye contact as both countries differ greatly. American business is an entirely unique entity within its own. Business is fast paced and if you cannot keep up you will be left behind with someone else filling your place almost immediately. The majority of business begins by a firm handshake, introduction and direct eye contact. Throughout the meeting the presenter may directly address an individual while bringing a specific point to their attention as well as a few pats on the back to show that person they are doing well. Facial expressions also play a huge part in our presentation because it shows our emotion and passion toward what we speak of; your face, not the physical features but the emotional could be the difference in success or failure. The directions of the meetings are generally very direct and straight to the point with almost no insignificant facts standing in the end. The American business culture is strictly business and profit. In my opinion, at the close of business, people will do whatever it takes to acquire your business and money, which is why we must be extremely careful not to be sucked in to a foolish deal...
Words: 473 - Pages: 2
...Importance Of IT Culture In Business Management Information Systems Everest University August 4, 2012 No business in today’s age of the World Wide Web can survive without some form of IT culture built-in. Just about all transactions, accounting, and even scheduling is computerized making the business more efficient in this modern information age. IT is all around and is never going away as our culture, economy, and businesses depend on it extensively. Technology advancements are popping up daily and it is the job of the IT culture to apply them to needs of the business and aide the business with adjustments to changes. The phrase IT Culture in my view is not only an expert in the ways of computer technology but people who understand how to use the tools that IT provides the business to make it more efficient and less costly to run that business. An accountant running accounting software such as QuickBooks is in the IT culture because he or she is trained in running that specialized software. Converting that data to usable forms for all levels of an organization is done with software programs designed for different purposes based on the needs of the organization. What makes the IT Culture essential? The first reason is the knowledge to deal with the quick changes that come with the overflow of information that each person and business are bombarded with daily and even in shorter periods with instant updates and JIT systems. Second reason...
Words: 845 - Pages: 4
...The Chinese culture is very different than the culture in the United States of America and business meetings require preplanning if they are going to be successful. * How should you handle the introduction, greeting, and handshaking? Although in the Chinese culture, a nod and slight bow is a general way of greeting, Chinese business men are comfortable with a handshake. Address the most Senior Chinese person in the room first, and introduce yourself as you shake hands. Remember that in the Chinese culture it is a sign of respect if they shake your hand softly and do not make eye contact. In Chine, the family name comes before the given name, and calling someone by his name is considered disrespectful unless you are close to the person. If the person’s name is Wang Lee, it is appropriate to address him as Mr. Want. If Mr. Wang is the chairmen of the organization, you would address him as Chairman Wang. (Chinese Business Etiquette, 2014) * How do you exchange business cards? Business cards are exchanged at every opportunity. Engraving your cards in gold and printing in Chinese on one side and English on the other side is encouraged. As with introductions, when you are exchanging business cards, remember to start from the senior most person in the meeting. When you receive a business card from a Chinese associate, accept it with two hands and read it before you place it in your pocket. (Chinese Business Etiquette, 2014) * How do you explain your position and...
Words: 630 - Pages: 3
...BUSINESS CULTURE OF UK K2014 5/1/2014 EXECUTIVE SUMMARY In this executive report, key cultural benefits of UK are evaluated. When we intend to start business in any country it is very crucial to have knowledge of business culture of the country. Culture defines the complex of distinct elements from a spiritual, material, intellectual and emotional point of view, which describes society or a social group. Furthermore, the culture includes not only art but literature as well as the community’s way of life, the fundamental human rights the values systems, the traditions and the beliefs. A businessman or an entrepreneur must have knowledge about the business custom, legal and political issues to get competitive advantage. He must analyze economic, investment or market areas and also identify the customer preferences, living standards, income pattern, GNP, GDP, inflation rate and tariffs etc. This country-specific research gives a comprehensive description of British business culture which will be helpful to interact more effectively with British clients and colleagues. TABLE OF CONTENTS Introduction ----------------------- 03 Culture objective ----------------------- 03 - 04 The Culture Analysis -----------------------...
Words: 4369 - Pages: 18
