Download file to see previous pages...
This, in itself, puts the workforce and the management in a multicultural stance. Universalism as a general theory might help ‘blend the culture’ and improve performance, while on the other hand it does not take into account the essential differences in cultures and particularism has to be followed (Alexandria, VA, 2008). It is pertinent to understand that while setting up a global mind set is productive, not all human resource strategies will fit every culture and situation, hence the need for adaptability (HRMagazine, 2008).
Sensitive factors like religion and gender often define whether the host culture is neutral or emotional. Recognizing this has significant advantage in terms of control over the business and workforce itself. For example, ignoring a religious taboo might result in a strong setback for the company if the relevance of cultural differences is ignored (Himmelberg, Michele, 1998).
Language barrier, the most common issue, is crucial and requires new communication skills to be dealt with (Carter, L, 2005). When a lingua franca does not already exist, it might be useful to train the local workforce in an international language (Feingold, Jean, 2006) but training the management in the vernacular has its key advantages including elimination of redundancy, direct management and easy understanding of the culture (Carter, L, 2005).
These key theories are relevant most of the time even in the internet age, but when companies approach different cultures not only to utilize the workforce but also for marketing, the cultural dimensions take a more significant role. Cultural dimensions such as perceptions of justice, power distance and individualism define the employee behavior resulting in direct influence on turnover and other outcomes directly affecting the company’s ability in the competitive market (Kim et al, 2007, p. 104, 83-95). According to opposing studies, the cultural
...Download file to see next pagesRead More
496), “a theory is a system of constructs and variables in which the constructs are related to each other by propositions and variables are related to each other by hypothesis; it is more of a linguistic device used to organize a complex empirical world.” Culture theories emerge from the study of viewing cultures; hence, cultures are systems that relate individual communities to their ecological settings.
More significantly, culture remains as an integral part in group decision making, or international business and negotiations. Ferraro (2010, p 87) views culture as the things people always have, think, and do as members of their society facing similar challenges within a common environment.
These people differ in their ethnicity, culture, skin color, work ethics etc. Cultural diversity cannot be thought of something which would go tomorrow, that would enable an individual to plan his assumptions for mutual understanding. Cultural differences can lead to many obstacles for an effective teamwork.
Through globalization, learners from different parts of the globe come together to be taught by teachers, the latter who also belong to multiple cultural backgrounds. It, therefore, becomes challenging to create a curriculum that will facilitate the provision of quality education for each learner, regardless of his/her linguistic and cultural background.
It defines how an organization’s financial statements are to be prepared and disclosed. This set of standards was designed to replace each country’s Generally Accepted Accounting Principals (GAAP). This makes it easy for all financial statements from any part of the world to be comparable and evaluated on the same set of accounting standards.
One dollar of average net receivables generates sales of $4.66 in 2006, compared to $3.58 in 2005. Also, the average collection period is shorter in 2006 than it was in 2005. The company takes only 78.4 days to collect money from its debtors, as compared to 101.8 days in 2005.
For example, the Aboriginal people have been able to retain their cultural practices for long. They mingle and adapt some cultures from other people, but they cannot abandon activities and beliefs outlined
The society and culture of Mexico is divided into different structures like any other cultural divisions. From family to social norms, Mexican practice in their way for their society.
About 60% of the people are Amerindian-Spanish, around 30% are
It touches on the factors that surface when projects involve foreigners with differing cultures. The cultural difference is studied and evaluated to determine the ease of managing teams working with people from
6 Pages(1500 words)Assignment
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Assignment on topic Evaluate the relevance of cross-cultural theories in explaining how to manage companies in different countries for FREE!