Intercultural Management - 2155 Words

Topic Review: General Management Effective cross-cultural management has to be grounded in a detailed knowledge of individual cultures. Discuss using examples from two multinational companies. I/ Introduction: In times of rapid globalisation and economic development growth, the environment of business has become more and more complicated as a huge number of firms want to globally expand their businesses. Subsequently, the managerial implications of cross-cultural management is the challenge of this development. As Abbe (2007) states, cross-cultural leadership has developed as a way to understand leaders who work in the global markets. Culture is the â€Å"software of mind† that can influence people’s patterns of thinking and behaving.†¦show more content†¦As a result, it is critical and essential for adaptation to achieve corporate success. According to the works of Chaney amp; Martin (2011) and Harris amp; Moran (2000), they agree that international management skills are in need for the increasing scope of international trades and investments. A large number of multinational companies have expanded their businesses through both developed and develop ing countries. Some of the business invest directly and others are partnership arrangements and strategic alliances with domestic operations. Their studies show that independent entrepreneurs and small businesses have started investing and competing in the world marketplace. Thus, to acquire corporations’ objectives, there is exceedingly a necessity for the development of strategic framework for cross-cultural management and communication in the current competitive global market. Chaney amp; Martin (2011) also noted that, cultural awareness and cultural differences are strongly important to the multinational corporations’ success. A good understanding of the culture where business is implemented can make international managers productive and effective. III/ Examples of Two Multinational Companies: 1. Wal-Mart: In the United States, there are more than 4,000 Wal-Mart stores. On average, it costs more than $2,000 each year at Wal-Mart for every American household.Show MoreRelatedINTERCULTURAL MANAGEMENT2924 Words   |  12 Pagesï » ¿ INTERCULTURAL MANAGEMENT â€Å"Managers must recognize the values that they share with the people of other cultures in order to understand the values of those cultures different from their own.† Dr. Ian Lawrence. Leads Metropolitan University. Date: 15/06/2014 For Nakib Ahmed Business Management 104 By-Vishwas Kolla Prakash, Vivek Patel, Selina Szito and Shivudu Godda. EXECUTIVE SUMMARY Intercultural management is also called as cross cultural management. It is very important to know aboutRead MoreIntercultural Management594 Words   |  2 PagesIntercultural management A global manager has to consult with the legal services in order to comply with the host countries legal parameters. This is imperative for long-term relationship between such corporations and the host countrys government. This enables managers of international corporations to find legal recourse incase a problem arises. Such problems can only be addressed through local interpretation and enforcement. There are a few exceptions in countries like China where financial andRead MoreA Motivation Letter to Apply for a Master in Intercultural Management and Leadership743 Words   |  3 Pages Motivation Letter â€Å"Studying for a Master in Intercultural Management Leadership – What is in it for me?† In everyones life there comes a time to make important decisions that determine our future. Matter of choosing the path is undoubtedly very important. 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Therefore, cultural diversityRead MoreIntercultural Management Hierarchy vs Equality Essay1009 Words   |  5 PagesIntercultural Management Hierarchy vs. Equality In hierarchical societies the unequal distribution of power, ro les and resources is legitimate. Individuals are socialized to comply with obligations and roles according to their hierarchical position in society and are sanctioned if they do not (see pic1). In egalitarian cultures, individuals are seen as moral equals and are socialized to internalize a commitment to voluntary cooperation with others and to be concerned with others welfare (seeRead MoreIntercultural Conflict Management Style ( Chen And Starosta, 1997-8 )1401 Words   |  6 Pagesthree aspects of culture, including cultural context, language differences, and thought patterns, that influence conflict management style (Chen and Starosta, 1997-8). It is important to understand which cultural aspects of communication pattern may be at play when having conflict. One of the key factors that I have found for exploring the communication issues present in intercultural conflicts is the concept of high and low context communication. The idea of high and low context communication was firstRead MorePeace: the Practice of Intercultural Respect, Reconciliation and Solidarity1689 Words   |  7 PagesPeace: The Practice of Intercultural Respect, Reconciliation and Solidarity The concept of Peace has been around longer than one can imagine. And although it can be defined in many ways depending on the perspective and source—whether you are an individual, a government unit, or a mobilized group with a common cause, Peace has ultimately one basic meaning—the absence of hostility or the absence of fear of hostility. Usually it is defined as a state of ‘harmony’ – and this state is emphasized byRead MoreImpact Of Communication On Cross Cultural Communication911 Words   |  4 Pagestrained in cultural differences run the risk of ruining a business deal or relationship. Mukherjee and Ramos-Salazar (2014) mentioned, â€Å"The key to global business success depends on effective cross-cultural etiquette and global workforce diversity management† (p.18). Companies that understand differences between cultures have a competitive advantage over others. Communication is important to any company and communication between cultur es has â€Å"invisible barriers† (Guang Trotter). These barriers includeRead MoreI Have Learned More About Myself By Exposing Myself Essay1048 Words   |  5 Pagesof intercultural communication competence include three perspectives: affective or intercultural sensitivity, which means to acknowledge and respect cultural differences, cognitive or intercultural awareness which is self-awareness of one’s own personal cultural identity and understanding how cultures vary and the last perspective is behavioral or intercultural adroitness which consist of message skills, knowledge of appropriate self-disclosure, behavioral flexibility, interaction management, andRead MoreIntercultural Management: Analysis and Examples of Leadership Styles Across Cultures476 Words   |  2 PagesIntercultural Management Introduction The characteristics of effective leaders vary significantly across regional and national boundaries, yet despite these differences there are shared common traits all share. The intent of this analysis is to provide examples of whats expected in terms of leadership styles across different cultures. As the Hofstede Model of Cultural Dimensions has shown, the effectiveness of a manager in one nation or region is significantly different than another (Hofstede