Factors like these influence the organisation’s leadership, management and other structural systems. The strategic planning processes are also time consuming for managers and leadership spend a lot of time researching, preparing and communicating these approaches, the approaches are also challenging to apply because such implementation processes require clear communication plans which must be applied in a way that needs full and undivided attention they also require active and full involvement and responsibility by all team members; from leadership right down to ordinary members across the
1. Introduction Culture relates to an attitudes, belief and behavioural patterns that distinguished an individual. In today’s business world, and cultural differences had been identified as one of the considerable factors that organizations are concerned (Groth 2013). As the culture of an organization has significant impacts on daily operations and future prospects, a good understanding of the complexity in cultural difference is a ‘must-have’ ingredient for the recipe for business to success (Hopkins 2009). 1.1 Importance of understanding cultural differences for business As the world is advancing towards a new era, organizations around the world are focusing on uncovering opportunities and improving performances for globalization business (Christiansen 2012).
We could define culture as a code of attitudes, norms and values of a group of people. Culture determines our way of thinking, so how we see ourselves but also the world. Moreover, it’s impossible to say that a culture is right or wrong because it’s inherited from the story, values, norms...that made our society grow up. Besides that general culture, a corporate one also exist and is the result of a combination between the organisational and national/regional cultures. Therefore, like everybody has his own culture, it makes it more difficult for a manager of a diversified cultural team to work with his team with harmony and understanding.
5.1.1 – Understanding culture a) Introduction: Culture plays an important role in organisations. People from different places gather at a venue, play together and work together. We all know that every person is different from the other in terms of thinking, behaviour, lifestyle and beliefs. Hence to work in any specific environment, one should know each other’s culture to keep the environment active and alive. In a global business scenario, it becomes important that the leader understands the culture of his own country as well as the culture of the foreign country.
Attitudes toward accents and tone also create the barriers in global organization. In additional, negotiation can related between the managers and employee from different background. Tone of voice also can differentiate how people can interpret in term of how proficient skill you have. Therefore, every international manager should prepare any difficulties occurs in the future regarding the cultural difference by approaching the workers to solve the problems.Communication tends to be crucial and the main priority when it comes to interacts within employees and their top management. The major component of organization and managerial success is to solving the conflict between the workers in the organization.
To make the aim a bit more manageable and comprehensible, there are two specific research questions relating to the issues presented in this introductory chapter. Following the expressed focus, the first question is: Q1: Why are companies working with cross-border teams? This research question is important for all companies with multinational functions and operations. Before companies start to work with cross-border teams it is also important to understand the functionality of cross-border teams and how they are internationally successful. The outcome of this research question is to show the reader the commercial relevance of Global Business Teams and how international companies transfer working strategies within cross-border teams to be successful.
Competitors have been applying the business strategy adapt to the dynamic and unpredictable nature of the business environment. Business challenges faced by the managers are becoming dynamic rather than
External environments are surrounding the company received from outside factors such as the economy, technology, social, political and legal. These environments affect the company or organizations in many ways as they influence the success of the company. A lot of consideration needs to be taken by the organization in handling these external environments. For the company we interviewed, which is a consultancy company, these environments also affected them. Understanding these factors allows organizations to have proper currency-hedging plans and strategies in place.
Ronald Heifetz and Donald Laurie wrote about this in their paper “The work of leadership”. According to the authors, organizations constantly face adaptive challenges due to changes in business environment. Hence, the leaders must be able to adapt the whole organization to these changes. Furthermore, the authors argue that instead of protecting the group from outside threats, a leader must allow the group to deal with the problems
For example manufacturing department, Product development department and Sales department should work together to arrive at common business rules and definitions for data about products and the way it should be sold. This means that each department should give up some of its control over the product, which is very difficult to attain. iii) Discipline is an important factor in data quality management, which lacks in many corporations without which managing data is difficult: The IT Company needs to build the systems in such a way that it understands the data to builds the system to process the data correctly. It also means that job description for individuals in these areas reflect their data quality management responsibilities. iv) Data quality management requires huge sum of investments from financial department and also equal contribution by human resource