Topic 4 Sustainable Org s2 2013 (1 Slide Per Page)

Most famous cultural theorists geert hofstede 5

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: n HKG and Singapore) • Currency risk and rules of repatriating profits (E.g. East Asian Financial Crisis in 1997-1998, Doing Business with China in the 1980s) • Local law (different interpretation or lack of it?) (E.g. IP protection) Impact of Cultural Dimensions in IB Cultural dimensions are psychological dimensions, or value constructs, which can be used to describe a specific culture. Most famous cultural theorists: • Geert Hofstede (5 Cultural Dimensions) • Fons Trompenaars (7 Cultural Dimensions frameworks) • Stuart Hall (Cultural Factors e.g. High Context vs low context) Over 200 different cultural dimension Frameworks Understanding national cultures – GLOBE (Global Leadership and organisational behaviour effectiveness) framework – Strength of national culture over organisational culture – Legal, political and economic influences on culture Impact of Cultural Dimensions in IB (Applications) • Ignorance of foreign values and customs can lead to cultural blunders • Skilled and experienced managers essential – ability to work with people from a wide range of cultural backgrounds – Example Take Home Lessons • The organisation’s environment (both internal and external) influences decision making in organisations • The external environment influences the boundaries of what an organisation can do, as well as providing opportunities and threats to their current processes • The internal environment provides the ‘unwritten’ rules about how things are done and what is acceptable and unacceptable behaviour • Managing in a global environment adds a new dimension (and a level of complexity) for the modern manager • International Business impacts both Multinational Corporations (MNCs) and local businesses...
View Full Document

This note was uploaded on 04/08/2014 for the course MGMT 1001 taught by Professor Danielellason during the Two '09 term at University of New South Wales.

Ask a homework question - tutors are online