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Report on Employee Attributes and Globalization - Essay Example

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Name Professor Subject Date Crossing Cultural Boundaries in Business Globalization has made it possible for companies to conduct business aggressively in different countries for expansion. Take the case of the world’s largest food chain - McDonald that has continuously expanded their operations to 119 countries…
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Report on Employee Attributes and Globalization
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Report on Employee Attributes and Globalization

Download file to see previous pages... Having said that, there are four dimensions in Hofstedes that can be used as a basis for minimizing the risk of managing culture issues in operations. It is highly suggested that the following intercultural dimensions be sought: low power distance, low uncertainty, low individualism and low masculinity. Each of these dimensions would be discussed so readers would understand how these factors can increase the probability of a successful business in a host country. Low power distance would lead to more efficient decision-making inside the organization. If the host country has low power distance, it is easier to work through teams because people would not get tangled with organizational hierarchy. Instead, small groups can be established and team members can openly make suggestions. Everyone accepts responsibility for their mistakes and team members must learn how to collaborate closely. This empowers the employees by allowing them to responsible for their decisions. Low uncertainty can lead to a competitive advantage – innovation. Competition is intense due to globalization thus it is important for an organization to move fast. Cultures with low uncertainty are more open to change and can easily adapt to changes. ...Download file to see next pagesRead More
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