Nobody downloaded yet

National Culture and Financial Systems - Essay Example

Comments (0) Cite this document
Summary
This paper “National Culture and Financial Systems” aims at examining the two practical elements of culture and business. The first part is about the impact of culture at the national, firm and personal level. The second part will undertake a comparison of the cultures of the USA and Germany…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.6% of users find it useful
National Culture and Financial Systems
Read TextPreview

Extract of sample "National Culture and Financial Systems"

Download file to see previous pages Based on the findings of this two-part study, the writer will draw conclusions and make inferences on the subjects. This will include an examination of important elements and aspects of culture and its consequences on the national, firm and individual levels and specific implications for the two countries in the quest.
“Culture is the full range of learned human behavior patterns” (Taylor, 2009: 85). Culture refers to the patterns that are generally accepted in a given community. These behavioral patterns dictate what is right and what is wrong in the community. Hence, culture defines a framework of what is acceptable and what is not acceptable.
Another definition put forward by the Center for Advanced Research on Language Acquisition states that “culture is a shared pattern of behaviors, interactions, cognitive constructs and affective understanding that are learned through a process of socialization” (2012). This means that culture relates to a number of preferences and patterns that are common in a community because the social structures of the community have accepted them and they transmit them to other people.
Culture clearly defines the social system of a community and sets a clear framework for what is right and what is wrong. Organizations take inputs from the environment, process them into outputs which they offer to customers. Customers are products of the society. Hence, customers are influenced by the norms, values, and culture of the society. Due to this, cultural analysis is an important aspect of business success. Thus, a business must undertake an analysis of culture in order to succeed. It can be demonstrated on the national, firm and individual level. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“National Culture and Financial Systems Essay Example | Topics and Well Written Essays - 2250 words”, n.d.)
National Culture and Financial Systems Essay Example | Topics and Well Written Essays - 2250 words. Retrieved from https://studentshare.org/marketing/1785882-critically-examine-why-it-is-important-to-analyse-the-impact-of-culture-at-a-national-firm-and-personal-levelcompare-and-contrast-the-cultures-of-2-different-countries-with-which-you-are-familar
(National Culture and Financial Systems Essay Example | Topics and Well Written Essays - 2250 Words)
National Culture and Financial Systems Essay Example | Topics and Well Written Essays - 2250 Words. https://studentshare.org/marketing/1785882-critically-examine-why-it-is-important-to-analyse-the-impact-of-culture-at-a-national-firm-and-personal-levelcompare-and-contrast-the-cultures-of-2-different-countries-with-which-you-are-familar.
“National Culture and Financial Systems Essay Example | Topics and Well Written Essays - 2250 Words”, n.d. https://studentshare.org/marketing/1785882-critically-examine-why-it-is-important-to-analyse-the-impact-of-culture-at-a-national-firm-and-personal-levelcompare-and-contrast-the-cultures-of-2-different-countries-with-which-you-are-familar.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF National Culture and Financial Systems

Dimensions of national culture

..., A. P. (1985). The Symbolic Construction of Community. New York: Routledge. Harris, S. G. (1994). "Organizational Culture and Individual Sensemaking: A Schema-Based Perspective." Organization Science, Vol. 5,(3). Hofstede, G. (1980) Culture's Consequences: International Differences in Work Related Values, Beverly Hills, CA, Sage Publications. Jary, D. & J. Jary. (1991). The HarperCollins Dictionary of Sociology. New York: HarperCollins. Maccambridge, M. (2004). America's Game : The Epic Story of How Pro Football Captured a Nation. October 26, Random House. Marcus, G. E. (1995). "Ethnography of the World System: The Emergence of Multi-Sited Ethnography." In Annual Review...
8 Pages(2000 words)Essay

Dimensions of national culture

...). Cohen, A. P. (1985). The Symbolic Construction of Community. New York: Routledge. Harris, S. G. (1994). "Organizational Culture and Individual Sensemaking: A Schema-Based Perspective." Organization Science, Vol. 5,(3). Hofstede, G. (1980) Culture's Consequences: International Differences in Work Related Values, Beverly Hills, CA, Sage Publications. Jary, D. & J. Jary.(1991). The HarperCollins Dictionary of Sociology. New York: HarperCollins. Maccambridge, M. (2004). America's Game : The Epic Story of How Pro Football Captured a Nation. October 26, Random House. Marcus, G. E. (1995). "Ethnography of the World System: The Emergence of Multi-Sited Ethnography." In Annual...
3 Pages(750 words)Essay

Theories of National Culture

...? Theories of National Culture Inserts His/Her Inserts Grade Inserts (19, January, Introduction Management experts have long been interested in studying national cultures because of the impact they can have on the employees and in turn the on the organizational culture. Different theories and models explain national cultures by describing characteristics of cultures. The aim of theories of national culture is to better understand national culture so that employees can be better understood. Theories of national...
11 Pages(2750 words)Essay

Impact of National Culture on Organisational Culture

...?Impact of National Culture on Organisational Culture Table of Content Introduction 3 Literature Review 3 Conclusion 7 Reference 7 Bibliography 10 Introduction The topic in question here is “Effects of difference between organisational cultures of global companies and the cultures of countries in which they operate”? According to Hofstede (1983), effective organisations operating in multiple countries have adapted management ideas of their own to local cultures. Hofstede (1993) has also highlighted that the different management theories have cultural constraints meaning that these theories have no value once they enter the border of different country with different culture. While Johns (2006) stated that national culture restricts... the...
5 Pages(1250 words)Literature review

Financial Systems and Government

...of Financial system there is conspicuous change with the social life industries. One shall meat and come across different rest of different nationals represent at one place. Different sets of different nationals represent diversified cultures; different languages are spoken at one and the same place, and at one and the same time. They come to know each other from a closer proximity. The intimacies develop; relationships pave way for greater understanding. The social pavilion of life is set to rolling. Broader outlook develop into more knowledgeable and understanding environment. There will be a great impact on the urban sociology patterns of...
5 Pages(1250 words)Essay

National culture

...nationalculture and that too within a select market for instance. The operating margin for the expense of establishing and starting operations abroad should be easily recoverable within a reasonable time period. The design should also include the management's goals, which come down from the investors of the company. The goals of management should be to acquire specific knowledge of the partner, in a joint venture situation, as well as the financial aspects, and the business-environment. The currency of the host country along with the political situation, and the economy are finer points of ...
16 Pages(4000 words)Case Study

National culture and commitment

...) acknowledges this aspect of national culture when he defined it to be an “asset of historically evolved learned values and attitudes”. Hill (2003) describes how a society’s experiences shape its culture. Such changes to a culture’s value system can sometimes be slow and painful, such as the acceptance of women CEOs in business, something which was generally unthinkable in the 1960s as per societal values prevalent at that time (Hill, 2003). The key elements which influence and shape culture are religion, social structure, language, education, economic philosophy, and political philosophy (Hill, 2003). Depending on each...
16 Pages(4000 words)Essay

Financial systems

...in the economy and hence help it to develop in a healthier way. A financial system comprises of a large number of financial institutions which indulge themselves in such activities. The more robust the financial system of a nation is, i.e., the greater the efficiency with which it can mobilise the resources in the economy and create value, the stronger will be the fundamentals of the concerned nation. Components of a Financial System The financial institutions together form the financial market of a nation. These institutions contained...
8 Pages(2000 words)Essay

Financial Systems & Auditing

...FINANCIAL SYSTEMS AND AUDITING By of the of the School Task Accounting record is termed as all of the documentation or documents that are included in the preparation of financial statements as well as records which are significant and relevant to financial review or budgetary survey and audits which incorporate recording of liabilities and assets, journals, ledgers, and whatever other supporting documents such as invoices (Futter et al 2002: 151). It is very vital to maintain ledger in all accounting systems because it is used to prepare a trial balance that aids in checking the arithmetical accuracy of the books of accounting. Ledger stores information...
12 Pages(3000 words)Essay

National Incident Management Systems

...National Incident Management Systems Affiliation Set Answers The National Incident Management System happens to be an active approach that guides agencies and departments in all government, nongovernment organizations as well as private sector levels to work as a team in managing incidents that involve hazards and threats regardless of their cause, complexity, size or even location. The aim of this is the reduction of life and property loss as well as reduction of environmental damage (FEMA, 2015). The Incident Command System happens to be a NIMS’ subcomponent. It is a systematic tool that is used to command, control as well as coordinate emergency...
2 Pages(500 words)Essay
sponsored ads
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.

Let us find you another Essay on topic National Culture and Financial Systems for FREE!

Contact Us