... Final Grade International College of Business & Technology Ltd. STUDENT NAME: _________________M.D.U.Guruge__________________________________ BTEC REGISTRATION NO:____________________________________________________ PROGRAMME: Edexcel BTEC Level 7 Professional Diploma in Strategic Management and Leadership UNIT NO/TITLE: Unit 04 / Developing Corporate Culture ASSIGNMENT NO: Individual Report Credit Value: 05 Learning Outcomes: 1.0 Understand how the characteristics of corporate culture affect the achievement of organizational objectives 2.0 Be able to propose organizational values that will influence corporate climate 3.0 Be able to develop strategies to communicate with stakeholders of an organisation who belong to different cultural groups Issue Date: December 6th 2013 Due Date: January 5th 2014 Submission Date: Assessor’s Name: PROGRAMME: Edexcel BTEC Level 7 Professional Diploma in Strategic Management and Leadership UNIT NO/TITLE: Unit 04 / Developing Corporate Culture ASSIGNMENT NO: Individual Report Credit Value: 05 Learning Outcomes: 4.0 Understand how the characteristics of corporate culture affect the achievement of organizational objectives 5.0 Be able to propose organizational values that will influence corporate climate 6.0 Be able to develop strategies to...
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...Outline: Enterprise in Germany I will always try to create a comparison between Germany vs. Uk / Germany vs. Europe, Germany vs. World to create a comparison. I always prefer to create a comparison and try to bring in my own ideas. It will partial be underlined with research finding and to some degree supported by my own opinion based on data (60% research 40% own opinion on topic) 1. Introduction: a. About me b. About Germany (location, innovation driven economy etc) 2. Framework of German Entrepreneurship: c. Looking at the pillars of German enterprise (graphically display the German environment in comparison) 3. Domestic Environment: (will be related to the framework in part2) d. Culture: i. Hofsted on Germany ii. Analysis of Hofsted and its effect on enterprise e. Economic climate / policies: iii. Support in Germany (funding / areas of funding, organizations etc.) enterprise (What area wants to government to grow?) iv. Recent changes in policy and economic climate that could effect enterprise Gender 4. Attitude towards enterprise / entrepreneurship in Germany: (related to framework in part 2) f. Outline of German attitude based on research in the area g. Interviews with German MSc / Phd students in Leeds and Durham and discussing their understanding of german enterprise / entrepreneurship. (This will be related to existing literature to see if my mini...
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...UNIT: Developing Corporate Culture Topic: Political Organization’s Culture In Pakistan BY: M Muneeb Ullah Sandhu Unit Contents: * Introduction to culture. * Culture of political parties. * Brief details of PTI * Cultural Profile of PTI * Climate of PTI * Communication & PTI WHAT IS CULTURE? Def. Culture is the values and practices shared by the member of a group (source notes) Hence a corporate culture is values and practices shared by the people in that company Key Points Regarding Culture * A Companies culture can make or break the company. * Company’s culture can be changed. But it can be difficult in some cases. * It can be changed as the targets of the company changes. * Company culture changes and evolves over time. But not in all cases if it is strong culture. * It changes from one environment to another. (E.g. Multinational companies) Explanation in My Views: Any human organization develops culture over time, from small family business to global national companies to village and country try to develop its own culture over time. It is like an iceberg whose very small portion can be seen while travelling in sea but the major portion of it is under water, which can only be observed when you get under water. Now, Why it is important? It is important as every organization try to develop its own unique identity. Here I think it is important to define organization...
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...Jonathan Obregon BUS 570 - International Business Professor: Sand Due: October 10, 2013 Midterm - Atlantic Ocean Islands International Business focuses on a variety of topics which include understanding one’s host country environment, being sensitive to cross-cultural differences and being able to manage operations separated by the barriers of distance, language, time, and culture. By focusing and comprehending these topics, individuals and firms will help future international business economically and politically between countries. There are multiple countries and regions that practice international business. I will discuss several regions and islands within the Atlantic Ocean, and its emphasis on international business. There are several islands located throughout the Atlantic Ocean. Most of the large islands, such as such as the British Isles, Greenland, Newfoundland, and the main islands of the Greater Antilles, were once connected with the continents. Other islands, especially those far out at sea, were formed by successive eruptions of volcanic material far below the water's surface. Examples of such islands in the North Atlantic Ocean are the Faeroe Islands, the Azores, Madeira, the Canary Islands, the Cape Verde Islands, and Sao Tome. Islands of the South Atlantic include St. Helena, Ascension Islands, Saint Peter, Tierra del Fuego, and many more. Since there are so many islands located in the Atlantic Ocean, I will only discuss three of the primary islands...
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...Germany – people, culture, language A guide for businesses The country Germany today: Germany is the world's third largest economy after the USA and Japan, despite its recent economic and unemployment difficulties and the problems caused by the re-unification of East and West Germany in 1990. It has Europe's biggest population (83.5 million people) and a land area of 357,021 kilometres (137,828 square miles). It is a founder member of the EU and of NATO. Growth sectors: Germany's economy is famous for its industrial output in the automotive, machine tools, white goods and engineering industries, as well as textiles and finished goods. Environment: Germany has three main geographical areas, the lowlands in the north, the uplands in the centre and the mountains in the south. Politically and socially, Germany is quite regionalised and is organised in sixteen states or “Bundesländer” with the federal capital in Berlin. As a result, each major city has its own character and the cities and villages of Bavaria are quite different from the north. Germany has a temperate climate with average rainfall of 600-700 mm (23-27 inches) per year. The people Federalism: The Head of State is the President, elected every five years. The Chancellor, currently Angela Merkel, is the Head of Government, elected every four years and leader of the winning party in the election. The two main parties are the SPD (Social Democratic Party), and the CDU (Christian Democratic Union). North/South divide:...
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...Problem Statement: By 1996, KONE’s financial condition in Germany had deteriorated compared to previous years. Forecasts were bleak indicating little to no improvement for the near future. KONE business director, Raimo Hatala anticipated the launch of KONE’s latest offering, MonoSpace to improve the company’s financial position. Conversely, as initial test markets began, fears about the product’s ability to master the German market were raised. Hatala contemplated a successful entry strategy that would position the product appropriately and permit the company to leave a durable impression on the German market. Before the launch of MonoSpace in Germany, it was test marketed in select countries. Merely 40 units were sold in France although 300 were expected, even worse, no units were sold in the United Kingdom. The market became saturated; the construction boom terminated abruptly and demand for elevator gear was projected to fall by 15 percent. Competition for new installations was intense, large companies sold their equipment at or below cost to customers. Service contracts were commonly closed with companies that originally installed the equipment. Six major companies dominated the German market in 1995: Schindler, Otis and Thyssen, with KONE placing fourth. 150 small local companies, as well 30 mid-size players comprised the total market share. This resulted in a fragmented market. The largest construction companies controlled 20 percent of the market, while...
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...[pic] How Entrepreneurial is Germany? The Institutional Context of Entrepreneurship and Business Start Up Costs in Germany in International Comparison Abstract The importance of entrepreneurial activities is integral to a nation’s economic growth. This paper reviews the results of the 2000 Global Entrepreneur Monitor (GEM) country report with a sole focus on Germany in evaluating its degree of entrepreneurship. The factors examined include the costs, legal procedures, and institutional context via a look at the formal and informal entrepreneurial frameworks. The view of entrepreneurship in Germany will be explored as well as comparison to other countries in the GEM report. It is found that entrepreneurial activities differ within regions in Germany and the cultural and social norms place a barrier to start-ups despite the government effort in financing and state promotion programs. TABLE OF CONTENTS 1. Introduction……………………………………………………………….3 2. Overview of Germany’s entrepreneurship and international comparison...4 3. Institution context………………………………………………………....6 The regulation of entry……………………………………………………6 Political context- government policies……………………………………8 Human Capital…………………………………………………………….9 Education…..……………………………………………………………10 Psychological and sociological context………………………………….12 Regional context…………………………………………………………15 4. Conclusion……………………………………………………………….18 5. Works cited……………………………………………………………...20 Introduction The German economy...
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...and successfully expand the business, the managers of PPQ must be trained in multiculturalism and diversity management; which have large playing factors in whether or not the company will be successful abroad. The executives of PPQ Auto Parts must fully understand and be aware of any political and economic distress that could potentially affect the company’s expansion as well. When considering expanding a business abroad, especially for PPQ, individuals should look into the possible issues the host foreign country could face as a result of the expansion. There are many issues that must be addressed such as: the strategy to enter and expand, the trends within the foreign land, the different marketing approaches to reach the niche consumers, political and social climate, taxes, legal system, location, differences in culture, host country’s available workforce. As many individual know, all countries are different, slight or considerable, there are many issues that a company can face, especially within the cultural barriers and diversity issues. Cultural barriers and diversity issues are commonly encountered by international, multinational and global organizations. Culture is immensely important and should be treated as such by the PPQ representatives. Culture is the beliefs and certain behaviors of a specific group. Cultural barriers that are mishandled can easily deteriorate any successful company. “Managing the differences of languages, cultures, religions and traditions...
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...EXECUTIVE SUMMARY This report was commissioned to do an analysis of Germany and make a recommendation as to whether or not to a large Canadian company should expand its foreign operations in Germany. The country was analyzed based on its Macro Environment – country description, Political situation and stability, Legislation, Economic conditions and Cultural issues, as well as on its Factor Endowments. The findings show that Germany has an overall stable and healthy economy with excellent advanced factors of production – especially in regards to productivity and innovation. With new ties to Canada, through CETA, legislation will be easier to deal with. The country also has a similar culture and stable politics. The risks of falling GDP and low FDI do not outweigh the benefits and FDI should soon increase with Germany’s new agreements with Canada and is soon to do a similar deal with the US. It is recommended that foreign operations be expanded into Germany. Operations should proceed cautiously with wages that are stagnant in Germany and try to provide a fair wage to encourage further training and enhance the economy. COUNTRY’S MACRO ENVIRONMENT Country Description: Germany is a highly developed and wealthy OECD country [33] and is the fifth largest economy in the world in terms of PPP [17]. Its GDP/capita in terms of PPP has been on an upward growth trend since 1985 and was just below Canada’s in 2012 (Appendix 1). However, neglect has led to infrastructure that...
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...A Culture Briefing of Japan University of Maryland University College MGMT615, April 09, 2012 Turnitin.com = Abstract Japan is located off the North Pacific Ocean and the Sea of Japan. Japan civilization dates back more than 30,000 years. Japan has four main islands, Hokkaido, Honshu, Shikoku and Kyushu. Japan’s capital city of Tokyo is one of the largest metropolitan areas in the world. Japan has four main season and climate mirrors that of a southern state in the US. Japan is slightly smaller than California. It is widely known for its reserved demeanour and politeness. Japan’s political system is somewhat similar to the United States, with three branches of government, Executive, Judicial and Legislative. Japan’s capital city of Tokyo has the largest economy in the world and the second largest in automobile manufacturing. Japan is well known for its export, import and manufacturing industry. Japan host several languages, Japanese, Korean and Okinawan. Japan is rich in tradition emphasizing harmonious relationships with others. Japanese culture is very group oriented and people prefer and it is customary to work in teams/groups. Japanese are very accommodating people and usually keep their opinion of others to themselves to avoid offending Japanese employees traditionally stay with an employer for a lifetime. Changing jobs is viewed as a lack of loyalty to an organization and is frowned upon by a different company when seeking a new opportunity. ...
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...Phaedra Elliott Professor DuBois International Business 300 6/6/2011 Country Analysis: Italy Introduction: Each country had it own history of economic policies and political climates that make it a good idea to invest in. Countries that have been in existence for centuries and have sustained a power within the entire world are usually the best choices to engage in business with. When determining the business it was unanimously decided that the partners wanted to start a makeup venture in a part of the world where there is a rich historical and profitable market. The partners looked at many factors in deciding which country to choose, which included personal backgrounds and knowledge of international business and countries, and decided on Italy. While none of our partners have prior knowledge of the Italy the country seemed to be the best option in order to have a profitable business. The partners set out with the goal to have the business succeed and flourish in Italy. In order to do this we had to look in depth at many factors that would contribute to the partners starting a prosperous business. While many people believe that finances are the key to success, in reality factors such as history, culture, politics, economy, and the market are vital to understand if a lucrative business is to be achieved abroad. History: Italian history is a rich and interesting one. It began with the Greeks settles in the southern tip of the Peninsula in the 8th and 7th centuries...
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...JULY 16-2013 | HB PROPER INTERNATIONAL BUSINESS STRATEGYSaju Alex Hulon Bahar Pascale Legagneur Tracy McKenney Lauren Spruill | Global Business Course Summer 2013 – Dean/Professor Tilokie Depoo Abstract HB Proper is online financial consulting and business services company that caters to small business, entrepreneurs, and even working class. The company also conducts research on outsourcing, payments, and financial markets. The purpose of this draft is to present a business analysis for operational expansion to an international market, particularly in Europe, most specifically London or Frankfurt. SWOT Analysis - International This SWOT Analysis is a comparison to other competitors in the financial services industry with similar characteristics. Strengths | Weaknesses | * informed team of experts across different scopes of business operation * new marketing strategies and major enticing research/products. * competitive prices in an industry expected to be in demand. * technological knowhow and constant innovation on a technology side. * low cost, high yielding software to conduct daily operations. | * low staffing in comparison with projected demand. * low network utilization in international markets * low liquidity. * language and cultural barriers. | Opportunities | Threats | * Alliance with other small business with specific niche expertise. * Moving to a location with stronger currency and business friendly environment. | * new innovative...
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...Organizational culture is one of the latest concepts in the fields of management and Organizational Theory. Culture which is popularly called as "Shared values and Beliefs" fulfills important functions. 1. It conveys the sense of identity for organizational members. 2. It enhances social system ability. 3. It facilitates the generation of commitment to some thing larger than self. 4. It serves as a sense of making device that can guide and shape behavior. As business become more globalize, developing and training people across cultural boundaries is becoming increasingly important. Culture of the country is an important determinant of behavior of people, and not being sensitive to these differences can often result in misunderstanding and embarrassments and even in loss of efficiencies. For instance cultures differ widely in terms of concepts of time. Besides the obvious implications for punctuality, the difference also lies in how people from different cultures use their time. An understanding and sensitivity to such cultural differences in behavior and orientations is necessary perquisites to develop cross cultural competencies. The roots of cultural differences in the business practices lie much deeper. Business cultures in different countries are molded not just by the behavior of culture, such as social institutions, public system, public policy, legal frameworks and culture specific social values. Since these provide the cultural context, in which business is conducted...
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...Internationalisation of operations is a huge issue which has faced many companies in today’s competitive business environment. With the increase in communications and ability to reach other countries being cheaper and easier in the 21st century, many companies have chosen to internationalise and expand on the domestic market in order to generate greater profits and become household names internationally. This essay will look at how American born company Wal-Mart Stores, Inc has grown and seen successes and failures in the international environment. It also will look at reasons behind the failures in relation to culture, using the venture into the world’s third largest retail market, Germany as the main focus for the essay. Firstly, this essay will look at culture and some theories that surround it and also look at different dimensions that make up culture. The definition of culture according to the Oxford Dictionary (1992) is: “the arts and other manifestations of human intellectual achievement regarded collectively or a refined understanding or appreciation of culture”. The theory that has been chosen to outline culture is Geert Hofstede’s five dimensions. The reason Hofstede’s theory has been used as an example in this case is because of the extensive research that he has put into developing his theories, as well as its relevance to the Wal-Mart failure in Germany. Between the years of 1967 and 1973, while Hofstede was working at international company IBM as a psychologist...
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...country that we researched to export Peanut Butter & Co peanut butter to is Germany. Germany is located in the Western and Central part of Europe. The Capital is Berlin that is also the largest city in the country. Other large cities in the country include Hamburg, Munich, Cologne and Frankfurt. Germany is part of the European Union, out of all the states that make up the European Union Germany is one of the most populous countries and has the largest economies. We chose to export peanut butter to Germany, because it is a rare item to find in the country. The German people are more familiar with a product called Nutella. Nutella is a creamy Chocolate hazelnut spread that is used on all food such as breads, fruits and more. Peanut Butter and Co offer a variety of product but one similar product to Nutella is their “Dark Chocolate Dream” peanut butter. Peanut Butter & Co could have an advantage over Nutella because recently the price of Nutella rose due to a shortage of hazelnuts. The Dark Chocolate Dream as well as the other peanut products they contains no cholesterol, no trans fats, no hydrogenated oils, and no high-fructose corn syrup. It is also gluten-free, certified vegan, and certified kosher. Since the Germans are all about eating healthy with no artificial additives this product will be a perfect fit in the country. The United States has to follow regulations and directives form the FDA. Germany also has to follow strict protocols in order to receive products from outside...
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