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National Culture and Financial Systems - Essay Example

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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…
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National Culture and Financial Systems
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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 pages Read More
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