Essay about Report on Cross-Cultural Management - 1127 Words

Future of Management Principles of Management Table of Contents iii. Executive Summary iv. Introduction iv. The Contemporary Perspective v. Issues and Challenges vii. Recommendations based on Management Perspective vii. Summary viii. Bibliography Executive Summary This paper is a report on cross-cultural management, with the issues related to cross-cultural management being discussed in the paper. Additionally, the report has produced the future way of cross-cultural management, including how it can be improved in offices relying much on this strategic approach. Diversity of Cross-Cultural Management Introduction In the beginning of globalization, organizations have started redefining their approaches of management.†¦show more content†¦Managers were concerned about knowing and understanding each and every perspective of their employee’s cultures. As they know that without studying or knowing the culture, coordination cannot be built between the employees. It is the existing perspective of managers dealing with cross-cultural management (Sultana, 2013). Issues and Challenges The most recent studies in cross-cultural management reveal that the culture is a very expansive subject for organizations to study, especially for organizations, which hire the most diverse workforce. One definition of a diverse workforce could be as the one, which comes from different ethnic and demographic backgrounds (Plessis, 2011). For studying culture of the diverse workforce, there are two parts to study, the implicit and the explicit culture. The explicit culture includes behavior while the implicit part involves norms and values of individuals (Guang Trotter, 2012). The explicit culture is already known when workers stay and work in a firm for a length of time, but the most difficult is to understand the implicit culture which is obscured in form of norms and values of the workers. Due to the differences of cultures, workers hold a great potential of variance, variety in terms of their explicit and implicit parts of the culture. TheShow MoreRelatedCross Border Merger And Acquisition1477 Words   |  6 PagesKomalpreet Kaur Sandhu May 21, 2016 Professor Mitchell Marks Cross-Border Merger and Acquisition INTRODUCTION Cross-border merger and acquisition refer to acquiring a company in another country. In the cross-border merger, companies combine their assets and liabilities into a new entity, whereas, the cross-border acquisition is a transformation process of assets and liabilities of the local company to foreign company (foreign investors). Cross-border merger and acquisition involve two countries, thereforeRead MoreCross Border Mergers And Acquisitions1407 Words   |  6 PagesINTRODUCTION Cross-border mergers and acquisitions refer to acquiring a company in another country. 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