We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Business and enterprise coursework - Essay Example

Comments (0)
Summary
Business and Enterprise Coursework Tutor 9th August 2013 Business and Enterprise Coursework Different companies from different regions and countries use variant management practices. These management practices equally vary with respect to cultures…
Download full paper
GRAB THE BEST PAPER
Business and enterprise coursework
Read TextPreview

Extract of sample
Business and enterprise coursework

Download file to see previous pages... 45-50). In fact, cross-cultural management seeks to inform business mangers about cultural diversity and its effects on the business (Bhattacharyya 2010, pp. 92-95). Cultural differences influence interpersonal interactions, business management, and intergroup interactions (Tagreed 2012, pp. 105-109). Notably, in the global market environment, managers encounter different cultures and hence the need to understand the differences in these cultures and their effects on management. More so, when two or more companies merge, there must be different cultures in application and hence the need to adopt the best characteristics of the existing cultures (Ghosn 2013, pp. 1). In merging the different cultures, managers must make sure that they do not destroy the best cultural values. In addition, to implement a business strategy in a foreign country, one must consider all the cultural characteristics of the targeted society (Kozenkow 2013, pp. 1). Worth noting is that to increase the cultural knowledge of an individual or an organization is very challenging. In this context, cross- cultural management addresses various cultural challenges in the global market thus making cross-cultural operations work much more successfully. Indeed, an understanding of the cultural factors that affect a business is very fundamental for any manager. As such, the issue of cross-cultural management is very fundamental in the modern business environment. This paper addresses the main cultural challenges facing the managers of British Multinational; Enterprises in the early 21st century and discusses the main management skills that are required for Cross-cultural Management to be effective. In doing this, the paper will refer to relevant academic literature and draw appropriate examples to support my analysis. Growth in information technologies, advanced communication, globalization (Dong & Liu 2010, pp. 223-228), deregulation, and privatization have led to increased growth in cross-border business in the modern times. As the modern businesses become more global, people with different cultures have learnt to the need of working together by respecting cultural diversity. However, the growth in cross-border business attract cultural challenges which hider the success of such business (Tagreed 2012, pp. 105-109). As a result, managers adopt cross-cultural management strategies to enhance effectiveness in cross-cultural interactions. Nevertheless, managers of British Multinational; Enterprises in the early 21st century face numerous cultural challenges in the business world. One of the challenges that managers face is the difference in response to organizational practices, such as attitude and behaviors between different cultures. For example, people from individualistic and collectivistic national cultures respond differently to organizational practices where collectivistic cultures worked better in a group as individualistic cultures performed better in a specific manager (Johann 2008, pp. 10). The differences in response to organizational practices pose a great challenge to managers of British Multinational; Enterprises in the early 21st century since they may fail to offer harmonized performance in case of a merger. Another challenge relates to the cultural differences that a foreign manager or a company may face in a foreign nation that has a different culture. This inhibits the management since the employees and the managers adopt distinct ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Small Business Enterprise
This is done by choosing a particular small business in real and by describing its workings and operations. The project discusses about a wood processing enterprise in the Ondo state in Nigeria. It is backed by the unit’s history and background. General information about the company is provided which includes the strength of the organisation and the profits enjoyed by the business.
10 Pages(2500 words)Essay
Business Enterprise
Teams are trained and well oriented with the entire production process before they start the production operation. Due to difference in understanding capabilities a complete training does not become successful and leads to re-work. In case of such a team, a careful selection of members as per their competencies and allocation of work as per competencies is the best way to handle issues such as re-work in production environment.
1 Pages(250 words)Essay
Enterprise Finance Coursework
Long-term finance sources are those that can be repaid over a long time, for more than 12 months depending on the feasibility of the business. Requirement of long-term finance is determined by certain factors. Business nature; assets needed by the business, nature of goods produced; technology type needed to run the business.
8 Pages(2000 words)Coursework
Enterprise systems coursework
ERP is a term often used to mean Enterprise Resource Planning and enables companies to have a clear structure in the organization In terms of the process and technology. These includes in the field of finance, distribution, human resources and manufacturing, ERP systems are used by business enterprises for the conduct of accounting and financial planning (Gelinas et al 35).
8 Pages(2000 words)Essay
Business enterprise proposition
Executive summary The business plan is developed to establish a private limited company named “Body and Balance”. The company will provide healthy food for the customers, who are healthy conscious. The shop will be operating in Oxford Street since it has many renowned gyms where the shop will be able to target health conscious people (Lacey, 2013).
5 Pages(1250 words)Essay
Enterprise and Business Development
ities have innate inclination of exploring new dimensions of universal phenomenon and have capabilities of putting the world in utter surprise by dint of their commitment, arduous work and untiring efforts in some specific area of interest. Bill Gates, the Chairman of Microsoft
11 Pages(2750 words)Essay
Enterprise and Business Development
A business plan is a formal statement of a set of business goals and the devising of strategic plans for reaching those goals. Business plan may be internally or externally
12 Pages(3000 words)Essay
Business Enterprise
The company’s headquarter is in UK with offices in Stockholm, Paris, Oslo, Madrid, Amsterdam and New York. Spotify has a two sided market to deal with. On one side there is the customer and on the other, it’s the music providers.
4 Pages(1000 words)Essay
Enterprise and business development
can cause a rise in prices due to uniqueness of their coffee products, or services, strength and relative size of the suppliers, the number of suppliers attached to each input and the cost of moving from one supplier to the other. This is a consideration for the players in the
2 Pages(500 words)Essay
Enterprise: Creating Your Business
Those people who do not have their own can share the car of the other person in exchange of some money. Furthermore, it will also be lucrative for those people who own a car because their costs will be divided among the
8 Pages(2000 words)Essay
Let us find you another Essay on topic Business and enterprise coursework for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us