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
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To have a good communication, managers should look into the importance of understanding culture diversity which will be discussed in the next section.
1.2 Steps in developing greater cross-cultural awareness
In most organizations, managers shouldered the leadership role and responsibility on team member’s performance. Managing a team in a cross culture environment is tough and therefore, a manager should have a succinct plan in craving a ‘mutual’ culture among the team to promote cross cultural awareness (Moran 2015).
To begin with, managers may exercise the elements of Geert-Hofstede’s theory to identify dissimilarity in cultural differences that had entailed and understand how performance would be affected before developing plans on promoting awareness (Velo 2011).
Upon recognizing the overall variations of culture, managers can obtain a clear vision before planning. Taking a step further with a well-brainstormed plan, managers can provide useful educating tools in different channel by enhancing their knowledge and appreciation of cultures (Simon L. Dolan
Every day we use our culture. Whether it be to argue claims, express opinions, or make decisions, culture plays a part in each area. Culture is who we are, one’s identity, its extent is enormous over our views and actions. A person grows up surrounded with culture at a young age. This can affect how they learn and what they learn.
In a world that is so diverse, we get to interact with so many people from different cultural background. But, even though we have different family cultures, we adjust most of the time for work. Every workplace has their own culture of which we abide to provide for our families. Management creates their own values and practices for us to follow and anything outside of that is considered an objection which might be unethical and cause us our jobs. To function effectively as an organization, we all must work as a team.
The Importance of a Company’s Culture The culture of a company is one of the most important and sometimes overlooked factors in an organization. The culture can increase employee engagement and increase productivity which will allow a company to reach its goals, “From productivity and engagement in the organization’s day-to-day, to an employer brand that naturally fuels recruiting efforts, to creating a lasting brand that customers immediately recognize, there’s no escaping it – culture radiates outward into the marketplace” (Straz 2015). The culture can have a great impact on the employees. Employees thrive in a positive working environment and the ability to engage with their managers without fear of retaliation.
The company has individual websites, software development centers, customer service centers and fulfillment centers in many locations around the world (Rouse, 2018) II. IMPACTS OF GLOBALIZATION a. VARIOUS WAYS IN WHICH GLOBALIZATION AFFECTED
Globalization is the process of increased interconnectedness among countries most notably in the areas of economics, politics, and culture. McDonald 's in Japan, French films being played in Minneapolis, and the United Nations, are all representations of globalization. The topic of globalization has become a hotly contested debate over the past two decades. In today’s marketplace conducting business internationally is as much of a defensive play as an offensive play. In examining the upside of going global, consider the sheer size of international markets as contrasted with the size of the domestic market and you will likely find that the majority of your potential customers live abroad.
The process of globalization has a major effect in the changing world. Globalization have two main drivers which is economic institution and information technology. There is a rapid change in technology as well as knowledge therefore for organizations to be competitive in the global market they need to be familiar with new
Globalization award access to benefit from the international separation of labor, technologies, international specialization, cultural exchange and the consumers like a wider variety of products with lower prices. Globalization also brings a higher level of strategizing. Business evolves in new
In hospitality industry, there are many issues, challenges and trends that a hotel or a restaurant might face. In recent years, cultural diversity in the workplace has become a major in hospitality industry. This paper concentrates on discussing about the current situation of cultural diversity in the workplace of hospitality industry, then analyzing some benefits and challenges of cultural diversity in hospitality organizations and giving practical recommendations that help hospitality organizations to deal with cultural diversity issues. Diversity is defined as the differences among people. Cultural diversity means that the differences between people in gender, traditions, language, etc.
THE DIFFERENCE BETWEEN MANAGEMENT AND LEADERSHIP It is important to appreciate that leadership roles are different from management functions. In Stephen Covey’s (1999) book The Seven Habits of Highly Effective People, he quoted Peter Drucker as saying: ‘Management is doing things right; leadership is doing the right things. Management is efficiency in climbing the ladder of success; leadership is about determining whether the ladder is leaning against the right wall.’ This suggests that management is about tasks, whereas leadership is about perception, judgement, skill and philosophy.
The term “Globalization” has been in existence for the past 50 years. It is one of the major causes of the increase in international trade. The Oxford Dictionary defined Globalization as “the process by which businesses or other organizations develop international influence or operate on an international scale”. It is a phenomenon that has been in the front burner for several years. Certain individuals opine that it serves as an advantage for the developing countries to compete in the global market while others were of the opinion that it favors the developed countries by making them richer (Giddens, A. 1999).
GLOBALIZATION, TECHNOLOGY AND LAW Globalization and Technology Globalization has completely transformed the way in which the world and its people interact. Earlier there were several roadblocks in the ability to communicate and interact with the people worldwide. But now, the world is becoming more and more globalized in all spheres: Business, financial, social, economical, etc. Over the years, a lot of technological advancements have come into picture including the changes in the field of Information Technology, having a significant impact on the global landscape.
Introduction: Languages and interactions are two principal concepts in present days. Being master in using and perceiving the modern methods of communications at works furnishes us with intellectual tools which we cannot afford to reject. With the expanding of organizations in the world and working internationally the needs of understanding other cultures and new ways of dealing with others become a key aspect of competitive advantages for any organization. Any organization regarding to meet its objectives and goals; assigns some written or not written norms, values, culture and behavioural patterns which should be understood and pursued by all the co-workers. This will create an employer image in labour market locally as well as in the international business market.
International business has encouraged the idea of bringing all the countries together. Though there are many challenges from language, culture, technical development and business attitude that are faced by the managers working globally. A company or an individual need to have proper strategy in their mind when managing people from cross cultural
Globalization is the method by which business, corporations, individuals start to operate on an international scale. Globalization has empowered monetary advancement, social and political impact. Though globalization is advantageous to the individuals who have worldwide systems while others are barred. The counter globalization development surveys the importance of globalization.
The aim of this assessment is to reflect on what I have learned this semester regarding the module of Business in Global Context; from the lectures with the professor, the case studies done in class and the three previous patchworks that we worked on. We have learned that there are different internal and external components that affect the business environment, from corporate social responsibility to cultural and institutional framework; organizations must take into consideration all the factors related to the different parts of its environment. For the topic discussion, I will be discussing globalization and how it has affected the global business environment along with the key aspects and the different point of views regarding it.