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This likewise has a leveraging repercussion in trade and commerce.
Statement of the purpose. One of the objectives of this dissertation is to show how cultural capabilities and idiosyncrasies neutralize growth and opportunities in business. For instance, because of acute recession in the United States of America and in order to save big on wages and other payroll costs, American companies outsource jobs to countries like India and those in Asia where salaries are significantly lower. Such is the case in call centres where telemarketing and other allied on-line services are rendered. It is admitted that oral English communications skills are the only required credentials for call specialists. In this field, other cultures can compete with their counterparts in the larger economies thus leveraging business in the global scene. The levelling of business particularly comes from taxes on the earnings of the employees which go to the host country rather than the territory which is outsourcing the services. The same is true with the circulation of money generated by the outsourced business. Another example where cultural competency sets in is in the car industry. While the world economy hits low levels, people in third world countries tend more to settle for reconditioned used cars rather than buy brand new ones from companies controlled by corporations with main offices based in affluent nations. Circumstances like this become balancing factors in international business and commerce. In short, owning a second-hand automobile is a readily acceptable cultural notion in poor countries while it may not be so much in highly developed nations. On the other side, there are products made by people from impoverished territories which fascinate rich Western nationals and this kind of exchange likewise levels the trade playing field. Such products include furniture made of rare wood or indigenous materials and tiny handicrafts being worn as beauty accessories. These are among the factors to consider in presenting a study on how cultural competency leverage business. In the case of diversity in the global economy, the research will inquire into non-traditional resources and approaches. One good illustration is the source of fuel or energy which has always been mineral fossil oil or petroleum. This circumstance has a very
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The present study examined the impact of workplace diversity on job performance using Walmart as a business case or the research locale to perform an in-depth analysis about how the global company values its diverse workforce and how such diversity benefited or damaged its strategic business objectives.
This section describes the macro-level dynamics of this oligopolistic market that both impede or serve to hinder successful business development and revenue growth. Political factors vary in this industry, which are negated from analysis due to the diversity of cultural, regulatory, and economic conditions differing in most Asian destinations.
On the other hand, the development of the business culture into a dynamic and vastly competitive market is experiencing a boom due to the globalization, which provides a platform to the businesses to run over a global market. Where the food commodities provides with such a diverse variety to consume, every raw food and the finished product from it have its own set of nutrition that a person’s body requires.
The diversity can ranges beyond the race, ethnicity, age, gender, education, geographic, region, religion, sexual preferences and parental status (Baroutas, 2011, p43). Workplace diversity is an important by product of diversity. It’s a people issue that focuses upon the differences and similarities that people usually bring to an organization (Hacker, 2011, p93; Susan, 2011, p183; Joe Joe, 2011, p52).
In nursing, cultural competence allows one to see the entire picture of the quality care and health outcomes. Cultural competency programs entail evaluation, continuous adaptation and reevaluation of the way things occur. Cultural diversity in nursing tests the ability of the individual to care truly about the patients, demonstrate clinical proficiency and show cultural competence (Miller, 2008).
As an emerging economy, there are high expectations on the current crop of business leaders of Egypt to usher in international business in the country. The study conducted here on cross cultural management is intended to bring to light the critical factors, reasons and its solutions related to Leadership in Egypt and the associated challenges to its international business and management.
Leadership in business is a social construct and has to function in a context. However, gaining perception of the alien and distant cultures is a formidable task. The behavior of people is the result of the interplay of cultural, historical and socio-political forces over many years.
He tells us that the empirical evidence confirms that diverse teams promote more creativity and unique problem-solving. Teams of various perspectives produce different and original insights. This paper will support the need to leverage diversity in an attempt to move forward in today's global economy.
Wal-mart is an American corporation in the discount retailing industry that runs around 8,000 stores worldwide. According to the 2008 Forbes Global 500, Wal-Mart is the world's largest public corporation by revenue.(2009) Wal-Mart usually grabs a spot in the Top 10 annual list of the world's largest companies by revenue, market value, rank etc.
Moreover, research has estimated that by 2040, no single ethnic group will make up the majority of school-age children. This could imply that the student population is continuously enriched with a complex mix of cultures from different nationalities across the world. Some of
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