Cultural Differences as a Hidden Hurdle to Successful Business

Cultural Differences as a Hidden Hurdle to Successful Business
Author: Isabelle Mrugalla
Publisher: diplom.de
Total Pages: 75
Release: 2011-04-27
Genre: Business & Economics
ISBN: 384281383X

Inhaltsangabe:Introduction: The main effect of globalisation over recent decades has been the development of the world as a united market place. Through multinational companies, globally accepted management styles or organisational structures the impression might be given that there are hardly big differences in the way people do business all over the world. However, the variety of human cultures makes it impossible to believe that there is a uniform theory corresponding to all cultures on earth or assimilating their way of doing business. Misunderstandings while doing business or even failure of business relationships are, despite ever increasing market transparency, part of every day business life. It is less frequently the consequence of economic discrepancies but more often hidden cultural incompatibilities that can cause problems between two or more parties. Even between countries that have maintained business relationships for many years, as is the case between Germany and Spain, the problem of cultural differences is unfortunately present and moreover underestimated. For Germany, the European export champion, Spain has been for at least a decade one of the top export destinations. Also German companies located in Spain contributed 8% to that country s G.D.P. for 2010. Those big subsidiaries originated from a successful attempt to do business with a different culture and yet, to a greater or lesser extent, still face this difficulty every day. This applies equally to enterprises that are pure exporters, those having production plants, distribution or sales departments in the respective country. Helping businesses avoid the potential obstacles arising from cultural differences through sensitivity and understanding would improve working relationships and smoothen the path toward economic growth. Hit hard by the European economic crisis, Spain had and still has to suffer economic cutbacks. Since Germany is the second largest destination for Spanish exports it needs to maintain this presence in Germany. As the head of Spanish government José Luis Rodríguez Zapatero and the German chancellor Angela Merkel pointed out on the German-Hispanic summit conference on 2nd of February 2011 in Madrid, there is still a lot of potential that can be exploited when both parties are pro-active. Looking at the above mentioned facts it is evident that both countries need each other. Besides creating a common political base, it is essential for their [...]

Cultural Differences in Business Life. Understanding German and American Business Culture

Cultural Differences in Business Life. Understanding German and American Business Culture
Author: Ulrike Ditzel
Publisher: GRIN Verlag
Total Pages: 27
Release: 2006-10-25
Genre: Business & Economics
ISBN: 3638560740

Seminar paper from the year 2006 in the subject Business economics - Offline Marketing and Online Marketing, grade: 1,3, http://www.uni-jena.de/ (Philosphische Fakultät - Lehrstuhl Interkulturelle Wirtschaftskommunikation), course: Interkulturseminar USA-Deutschland, language: English, abstract: Globalization has led to remarkable changes in the way we conduct the world’s business. International Mergers and acquisitions are en vogue today. The advantages quoted by managers include advantages of scale, increased shareholder value, access to new markets, lower overheads and so on. The number of international mergers and acquisitions between German and American companies increased a lot during the last years, as well. At the beginning there are high hopes and elation connected with the deal. But the long-term reality, however, is much the opposite. At least 50 percent of all international mergers and acquisition activity fails, no matter how the success is measured. There are also lots of companies who failed, who are therefore not able to benefit from some positive synergy effects like cost reductions. Why did that happen? A survey tried to analyze the reasons for this. The surprising result was that just 30% of the failures were attributed to the “hard factors” of business, like planning, finance or technology. For the rest, the reason lay in the so-called “soft factors”, which contain cultural and organizational behaviour. Somewhat less acknowledged, although hardly disputed, is the positive and negative impact of cultural aspects on the success of M&A activity. The following work reveals the differences between American and German business culture and also analyzes its historical and social background. Thereby, the main goal is to disprove that American and German business styles are almost similar. Furthermore, at the end the reader should know more about the existing differences between the two nations, because their unawareness leads to the failures of M&A. In the second chapter there is theoretical basis information which helps to reach a better understanding of this work. Thereafter comes the main part about the existing differences between Germans and Americans. Because there are plenty of them, it is just possible to take a brief view on a certain field of life. For this reason the author picks a few, those which seem to be the most relevant differences between the German and American business world. In every part, the author is going to illustrate the differences by means of examples . The main question which is answered in this work is: WHY do these different characteristics exist? Where do they come from?

The Culture Map

The Culture Map
Author: Erin Meyer
Publisher: Public Affairs
Total Pages: 290
Release: 2014-05-27
Genre: Business & Economics
ISBN: 1610392507

An international business school professor discusses how to accept and understand diversity and work more effectively and sensitively with colleagues and counterparts from different countries with very different cultures in the new global marketplace. 15,000 first printing.

Managing Cultural Differences

Managing Cultural Differences
Author: Lisa Adent Hoecklin
Publisher: Financial Times/Prentice Hall
Total Pages: 176
Release: 1995
Genre: Business & Economics
ISBN:

On competitive management

Unleash the Power of Diversity

Unleash the Power of Diversity
Author: Debjani Mukherjee Biswas
Publisher:
Total Pages: 218
Release: 2013-07
Genre: Business & Economics
ISBN: 9781481760744

Cultural diversity savvy is critical for business results in an increasingly global workforce. The author has developed groundbreaking new frameworks and a practical guide to increase effectiveness through multi-cultural competence. In his endorsement, Marshall Goldsmith, Thinkers50 Award Winner for Most Influential Leader Thinker in the World says: "Diversity - it's been a buzzword in corporate and political circles for about a decade. But most books on leadership and management simply don't address its importance to an organization's ability to survive and thrive. Enter Mukherjee-Biswas' Unleash the Power of Diversity. After reading her thought provoking book, few executives will be able to ignore the relevance of diversity to their company's growth and success."The Five Judgments analyze the very real cost of stereotyping in the workplace based upon: Reputational Currency Physical Impact Auditory Cues Distinguishing Markers Work Product A Diversity Foray provides a practical global toolkit of Do's: *Ask * Adapt * Accept * Appreciate; and Don'ts, with real life scenarios from multiple continents.

Riding the Waves of Culture: Understanding Diversity in Global Business 2/E

Riding the Waves of Culture: Understanding Diversity in Global Business 2/E
Author: Alfons Trompenaars
Publisher: McGraw-Hill
Total Pages: 298
Release: 1998
Genre: Business & Economics
ISBN:

An introduction to culture - The one best way of organizing does not exist - The meaning of culture - Relationships and rules - The group and the individual - Feelings and relationships - How far we get involved - How we accord status - How we manage time - How we relate to nature - National cultures and corporate culture - Towards international and transnational management - Reconciling cultural dilemmas - South Africa : the rainbow nation - Gender, ethnicity and functional diversity.

Riding the Waves of Culture: Understanding Diversity in Global Business 3/E

Riding the Waves of Culture: Understanding Diversity in Global Business 3/E
Author: Fons Trompenaars
Publisher: McGraw-Hill Education
Total Pages: 0
Release: 2012-01-10
Genre: Business & Economics
ISBN: 9780071773089

The bestselling guide to cross-cultural leadership Since its original publication, Riding the Waves of Culture has been considered the definitive guide to one of the 21st century’s most pressing management concerns—effectively leading people and organizations in an increasingly global business environment. Today’s business landscape is barely a shadow of what it was only a few years ago, when managers’ main concerns were being aware of cultural differences and preventing embarrassments. Now, you must take it a step further to leverage cultural differences for maximum competitive advantage. The highly anticipated third edition of this business classic brings you completely up-to-date in a world transformed by radical changes in politics, society, the economy, and technology. Retaining its detailed descriptions of the underlying cultural frameworks that affect day-to-day business, Riding the Waves of Culture, Third Edition, provides new, evidence-based information and insight on: M&A—how dealing with (national and corporate) cultural differences can enhance and improve chances of success in these often risky endeavors An Increasingly Diverse Business World—including improved and expanded measurements of competences, dilemmas and their reconciliations, servant leadership, innovation, and remote-team effectiveness Cultural Convergence—analysis of changes in the past 25 years bringing the world closer to a single “global village” The ability to lead effectively in a global business environment is perhaps the most valuable skill anyone can bring to an organization. The most thoroughly researched and highly respected resource of its kind, Riding the Waves of Culture doesn’t just help you stay afloat in today’s diverse work environment; it provides the knowledge you need to seize the advantage and compete for the long run.

Managing Cultural Differences

Managing Cultural Differences
Author: Piero Morosini
Publisher: Emerald Group Pub Limited
Total Pages: 309
Release: 1998
Genre: Business & Economics
ISBN: 9780080427621

Breakthrough findings and approaches on how to successfully execute global corporate alliances across cultural differences. Based on an innovative 5-year research at The Wharton School, combining academic rigor and the pragmatic insight from recognized industry leaders around the world.

Managing Cultural Differences

Managing Cultural Differences
Author: Robert T. Moran
Publisher:
Total Pages: 592
Release: 2014
Genre: Business & Economics
ISBN: 9781315871417

The world of business for all organizations in the twenty-first century is global, interdependent, complex, and rapidly changing. That means sophisticated global leadership skills are required more than ever today. Individual and organizational success is no longer dependent solely on business acumen. Our ability to understand, communicate, and manage across borders, countries, and cultures has never been as important as it is now. The understanding and utilization of cultural differences as a business resource is a key building block as companies rely on their global reach to achieve the best profit and performance. For this reason, international business and cross-cultural management are key topics in undergraduate business, MBA, and executive education programs worldwide as companies and institutions prepare current and future business leaders for the global marketplace. This exciting new edition of the highly successful textbook, Managing Cultural Differences,seeks to guide students and any person with global responsibilities to understand how culture fits in a changing business world, how to gain a competitive advantage from effective cross-cultural management, and gives practical advice for doing business across the globe. With updated content,new case studies, and a new author team,Managing Cultural Differencesis required course reading for undergraduates, postgraduates, and MBA students alike, as well as being of significant value for anyone who sells, purchases, travels, or works internationally.