Strategic Management
4th Edition
ISBN: 9781259927621
Author: Frank T. Rothaermel The Nancy and Russell McDonough Chair; Professor of Strategy and Sloan Industry Studies Fellow
Publisher: McGraw-Hill Education
expand_more
expand_more
format_list_bulleted
Question
Chapter 11, Problem 3ESI
Summary Introduction
To determine: The components of a strong culture which help in gaining and sustaining competitive advantage and components of other strong culture which is a liability to achieve their goals.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
Evaluate the differences between monochronic and polychronic cultures. What are the challenges that could be faced in business meetings and negotiations between these two sets of cultures?
Nana Kwame agrees with his Entrepreneurship Lecturer that no business can stand the test of competition without being innovative, hence the need for employees to be intrapreneurs. Discuss intrapreneurship and explain five (5) probable reasons for the need of intrapreneurship in Ghanaian work places.
Diverse societies like culturally diverse organizations can be exciting but challenging to lead and manage. However, there are benefits that cannot be ignored as they can help leaders, and individuals to learn new skills, attitudes and understanding. Cultural diversity can promote tolerance and understanding between different cultures; it can enrich communities and organizations through shared experiences with different people; attract additional financial resources to the economy through the development and advancement of different businesses among other factors.
Cross-cultural management includes cross-cultural awareness, understanding and adequately interpreting culturally conditioned behaviours by managers and individuals, attitudes, and values, obtaining skills for maintaining and establishing the necessary relationships with current and prospective international business counterparts and being able to effectively communicate across cultures.
Digicel Group is a cross-cultural…
Knowledge Booster
Similar questions
- Diverse societies like culturally diverse organizations can be exciting but challenging to lead and manage. However, there are benefits that cannot be ignored as they can help leaders, and individuals to learn new skills, attitudes and understanding. Cultural diversity can promote tolerance and understanding between different cultures; it can enrich communities and organizations through shared experiences with different people; attract additional financial resources to the economy through the development and advancement of different businesses among other factors. Cross-cultural management includes cross-cultural awareness, understanding and adequately interpreting culturally conditioned behaviours by managers and individuals, attitudes, and values, obtaining skills for maintaining and establishing the necessary relationships with current and prospective international business counterparts and being able to effectively communicate across cultures. Coca-Cola is a cross-cultural…arrow_forwardDiverse societies like culturally diverse organizations can be exciting but challenging to lead and manage. However, there are benefits that cannot be ignored as they can help leaders, and individuals to learn new skills, attitudes and understanding. Cultural diversity can promote tolerance and understanding between different cultures; it can enrich communities and organizations through shared experiences with different people; attract additional financial resources to the economy through the development and advancement of different businesses among other factors. Cross-cultural management includes cross-cultural awareness, understanding and adequately interpreting culturally conditioned behaviours by managers and individuals, attitudes, and values, obtaining skills for maintaining and establishing the necessary relationships with current and prospective international business counterparts and being able to effectively communicate across cultures. Digicel group is a cross-cultural…arrow_forwardDiverse societies like culturally diverse organizations can be exciting but challenging to lead and manage. However, there are benefits that cannot be ignored as they can help leaders, and individuals to learn new skills, attitudes and understanding. Cultural diversity can promote tolerance and understanding between different cultures; it can enrich communities and organizations through shared experiences with different people; attract additional financial resources to the economy through the development and advancement of different businesses among other factors. Cross-cultural management includes cross-cultural awareness, understanding and adequately interpreting culturally conditioned behaviours by managers and individuals, attitudes, and values, obtaining skills for maintaining and establishing the necessary relationships with current and prospective international business counterparts and being able to effectively communicate across cultures. Digicel Group is a cross-cultural…arrow_forward
- Culture is probably the most frequent aspect of informal institutions discussed by international business scholars and practitioners. Why and how are cultural factors so important in determining success or failure in international business?arrow_forwardPlease selected the combination of one Pakistani and one Swedish company within some given industry. Then assume that your are head of management team negotiating an agency agreement to represent Swedish company in Pakistan. Then please analyze how the following Hofstede cultural dimensions may influence your negotiation tactics with the Swedish company management team counterpart for the following dimensions: Power Distance Individualism vs. collectivism Masculinity vs Femininity Uncertainty Avoidancearrow_forwardWhat are the requisite skills and experience required to succeed when working across cultures?arrow_forward
- Two students are discussing why there are not studying international business. "International business doesn't affect me," declares the first student. "I am going to stay here, not work in some foreign country." "Yeah, me neither," agrees the second. 'Besides, some cultures are really strange. The sooner other countries start doing business our way, the better." What argument can you present to counter these students' perceptions?arrow_forwardSelect a company that competes in an industry in which you are interested. What are some of the recent demands that stakeholders have placed on this company? Can you find examples of how the company is trying to develop “symbiosis” (interdependence and mutual benefit) among its stakeholders?arrow_forwardwhat role does cultural sensitivity play in developing effective cross-cultural business strategies ?arrow_forward
- How can differences in two countries' cultures create ethical issues in business? What can companies do to alleviate those issues?arrow_forwardLeading and Working with Culturally Diverse Teams in Cross-National Organization Uncertainty in the global environment has impacted the economic prosperity of multi-national corporations (MNCs). Shortages of various types have created competition and the requirement to work even harder to enhance core competences and develop competitive advantage to survive and thrive. MNCs need effective teams throughout their operations to be successful in this rapidly changing business environment. Globalization influences all aspects of business and life in general. Culture has a significant impact on the management of cross-cultural organisations. International business operates in every kind of industry all over the world. In many of these companies, top management can be foreign and employees are local or made up of diverse team members. A diverse workforce requires adapting to intercultural differences in which cultural sensitivity is needed to create effective teams. Successful managers and…arrow_forwardLeading and Working with Culturally Diverse Teams in Cross-National Organization Uncertainty in the global environment has impacted the economic prosperity of multi-national corporations (MNCs). Shortages of various types have created competition and the requirement to work even harder to enhance core competences and develop competitive advantage to survive and thrive. MNCs need effective teams throughout their operations to be successful in this rapidly changing business environment. Globalization influences all aspects of business and life in general. Culture has a significant impact on the management of cross-cultural organisations. International business operates in every kind of industry all over the world. In many of these companies, top management can be foreign and employees are local or made up of diverse team members. A diverse workforce requires adapting to intercultural differences in which cultural sensitivity is needed to create effective teams. Successful managers and…arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Understanding BusinessManagementISBN:9781259929434Author:William NickelsPublisher:McGraw-Hill EducationManagement (14th Edition)ManagementISBN:9780134527604Author:Stephen P. Robbins, Mary A. CoulterPublisher:PEARSONSpreadsheet Modeling & Decision Analysis: A Pract...ManagementISBN:9781305947412Author:Cliff RagsdalePublisher:Cengage Learning
- Management Information Systems: Managing The Digi...ManagementISBN:9780135191798Author:Kenneth C. Laudon, Jane P. LaudonPublisher:PEARSONBusiness Essentials (12th Edition) (What's New in...ManagementISBN:9780134728391Author:Ronald J. Ebert, Ricky W. GriffinPublisher:PEARSONFundamentals of Management (10th Edition)ManagementISBN:9780134237473Author:Stephen P. Robbins, Mary A. Coulter, David A. De CenzoPublisher:PEARSON
Understanding Business
Management
ISBN:9781259929434
Author:William Nickels
Publisher:McGraw-Hill Education
Management (14th Edition)
Management
ISBN:9780134527604
Author:Stephen P. Robbins, Mary A. Coulter
Publisher:PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract...
Management
ISBN:9781305947412
Author:Cliff Ragsdale
Publisher:Cengage Learning
Management Information Systems: Managing The Digi...
Management
ISBN:9780135191798
Author:Kenneth C. Laudon, Jane P. Laudon
Publisher:PEARSON
Business Essentials (12th Edition) (What's New in...
Management
ISBN:9780134728391
Author:Ronald J. Ebert, Ricky W. Griffin
Publisher:PEARSON
Fundamentals of Management (10th Edition)
Management
ISBN:9780134237473
Author:Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:PEARSON