...The word culture itself comes from the Latin term pronounce as cultura, which is related to cult or worship. In general, the term refers to the feedback of human interaction. Culture is knowledge that acquired that people use to interpret experience and generate social behaviour. This knowledge forms values, creates attitudes, and influences behaviour. Somehow, culture also has the characteristics of being learned, shared, trans-generational, symbolic, patterned, and adaptive. There are also many dimensions of cultural diversity, which is focus on centralized vs. decentralized decision making, safety vs. risk, individual vs. group rewards, informal vs. formal procedures, high vs. low organizational loyalty, cooperation vs. competition, short-term vs. long-term horizons, and stability vs. innovation area in this assignment. This assignment will focus on central and decentralized decision making, individual and group reward, high and low organizational loyalty as well as cooperation and competition in US, German and Japan. Start with Unites State culture. US is a well develop country that merely focus on effective and efficient strategy in their business. They have developed a culture that high in confidence and respect....
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...Trompenaars & Hampden-‐Turner – Cultural Dimensions Trompenaars and Charles Hampden-‐Turner have developed a model of culture with seven dimensions. There are five orientations covering the ways in which human beings deal with each other.: 1. Universalism vs. particularism (What is more important, rules or relationships?) Universalism vs. particularism describes how people judge other people’s behavior. The Universalist attaches great importance to the observance of rules. The behavior tends to be abstract. In universalism, rule-‐based, societies there are certain absolutes that apply across the board. They apply regardless of circumstances or particular situations. What is right is always right in every situation and for everybody. A Universalist tries to apply the same rules in all situations. To remain fair a universalist will not make differences between people from the narrow environment, such as family, friends...
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...Culture 1. Introduction to Culture 2. How culture affects managerial approaches 3. Trompenaar’s Cultural Dimensions 4. Geert Hofstede’s Cultural Dimensions 5. Cultural challenges when entering a new market 6. Pros and Cons of entering a new market with an adapted/standardized product 7. Characteristics of culture 8. Conclusion 9. Values in Culture 10. Value Similarities and Differences across cultures Introduction to Culture There is no doubt that the international marketing process do face a large set of variables as it take place over different countries and it does act in different environments. One of the most determinant environments to the success of the international marketing process is Culture, which hold the reason for many human acts and behavior. Reaching to that point international marketer should study deeply culture treaties of a country the company is planning to act in. so that special amendments in the organization overall plans and actions is made to act in accordance with the new market variables The role of culture in international business and marketing Culture is a distinctive element of international marketing. While factors besides culture are present, culture could be a key determinant of most overseas relationships. Researchers agree that exchange processes within business networks can only be understood by conducting studies in different countries and cultures. For example, studies...
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...Welcome to… π ∑θ Business statistics (MA-205) 1 Business Statistics π ∑θ Why study Business Statistics? • To become a better consumer of other people’s data • To facilitate communication • To improve computer skills • To overcome either too little or too much information • To develop technical literacy • To improve career mobility 2 Business Statistics π ∑θ Lecturer: Business Statistics Ammara 3 Business Statistics π ∑θ Lecture Overheads and Textbook Lecture overheads: posted on the Business Statistics Group Group name: business_statistics_bba Group home page: http://groups.yahoo.com/group/business_statistics_bba Group email: business_statistics_bba@yahoogroups.com before the week in which lectures are given. Textbook: Richard I. Lavin and David S. Rubin, “Statistics for Management”, Prentice Hall, New York,7th edition(2000) 4 Business Statistics π ∑θ • • • • Assessment Final Examination: Midterm Examination: Quizzes/Homework/Term Project: Total: 45% 35% 20% 100% 5 Business Statistics Regular work and study is the key to success π ∑θ • It can never be emphasised strongly enough how true this is for Business Statistics • This course rewards those students who put constant effort into it over the semester 6 Business Statistics π ∑θ How to do well in the class Statistics is a problem-solving subject. Practice in problem solving, and completing and understanding the assigned reading and...
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... Employee # 3 current salary is 26,000; this means that employee # 3 currently works $13.54 per hour. If I cut employee #3 working hours by 8 hours, I would save $5199.36 per year. If I cut employee # 5 working hours by 8 hours I would save $4608 for the year. With laying off Employee # 1, and reducing the work hours for employee # 3 and employee # 5 I would save a total of $74, 807.36. I choose to cut employee #3 and employee #5 work hours, even though their service is valuable. Employee # 2 and employee #4 can fill in for the 8 hours that they will not work each week, as they can provide patient care and fill in as a receptionist during these times. In a situation like this I do not believe that group decision making would be the best option, as with a group making decisions could be challenging...
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...2 – Conceptual culture models; 3 – Culture shock and expatriate adjustment; 4 – Motivation; 5 – Decision making; 6 – Ethics. Textbook: Chapter 2 (Culture & International Management), 7 (Motivation), 9 (Decision Making) Cases: (1) Foundering Expatriate; (2) Black & Decker Readings: “The silent language in overseas business”; “Right ways to manage expats”; “Value in tension: Ethics away from home” What is Culture? 1. What is the definition of culture? Acquired knowledge people use to interpret experience and actions. This knowledge then influence values ,attitude and behavior 2. What are the three levels of culture? What are the examples for each level? Surface level food holidays Underwater level economy customs Deep level value belief 3. How is culture transmitted? Both formal and informal Informal transmission occurs every day as individuals interact with each other, watch television, or read books Formal transmission occurs through efforts to socialize as an individual, such as in schools and government 4. How does culture impact communication in organizations? Culture has an impact on how communication takes place in an organization, what is communicated (e.g., only work related or including personal issues), and the manner in which information is communicated (direct confrontation vs. saving face) 5. What are high-context and low-context cultures? In high-context cultures...
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...the pressure for convergence or integration may in fact create an equal, if not stronger pressure for divergence or fragmentation. o E.g. protests against learning English as second language in Switzerland, different neighborhoods in NYC (Chinatown, Little Italy etc.). o Executives across Europe are reading many of the same publications, but still more often they read national magazines and newspapers. Management is management • Management is management, consisting of a set of principles and techniques that can be universally applied. • However, different practices (such as management) are shaped by its cultural origins, and so is management. • Also, different notions of organizations (relationships vs. tasks) and different HRM practices based on motivations of employees (intrinsic vs. extrinsic). • Good management is culturally sensitive management: best fit between people’s motivation and tasks. • Sensitivity towards invasion of foreign companies and their business ideologies and practices. 2. Despite technological & economic forces for integration/convergence, there are equal or greater forces for fragmentation, one of them being culture. Culture as a source of competitive advantage/disadvantage • Culture can provide source of competitive advantage (Michael Porter): availability of resources, size and sophistication of the market, nature of government intervention and type of strategic linkages/networks. Culture & institutional...
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...HRM 4495 CH 7 Team decision making- pitfalls and solutions 1. Decision making is an integrated sequence of activities -gathering, interpreting and exchanging information -creating and identifying alternative courses of action -choosing among alternatives by integrating differing perspectives -opinion of team members -implementing a choice and monitoring the consequence 2. Individual decision making biases -Framing bias E.G. A spread disease in US, two plans were suggested Plan A: if adopted, 200 people will be saved Plan B: if adopted, 1/3 probability that all people will be saved, but 2/3 probability that no one will be saved. Many people chose plan A, then another 2 plan is suggested Plan C: if adopted, 400 people will die Plan D: if adopted, 1/3 probability that no one will die, and 2/3 probability all people will die. When the identical problem with the same differently, more people will chose the risky plan D. options worded *This inconsistency is a preference reversal and reveals the framing effect. Almost any decision can be reframed as a gain or a loss relative to sth. Decision makers’ reference points for defining gain and loss are often arbitrary. -Overconfidence In the team, overconfidence leads people less to focus on their teammates’ strength, as opposed to their weaknesses and neglect the strength and weakness of members of competitor teams. -Confirmation bias It is a tendency for people to...
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...Managing Individual Performance Abstract A team leader is faced with many responsibilities, from the beginning to the end, of everyday operations that occur within organizations. An individual's personality plays an important role to the success of the team. Personality is also important to take into consideration how the team's dynamics may formulate once the team is working together. Will the various personalities raise conflict on interest? Will this impact completing tasks and reaching tram goals? Is it important to make sure a team leader selects members than they can motivate? Using techniques like MBTI and the Maslow's Hierarchy to ensure optimal productivity within the group. This paper intends to demonstrate the outcome of the simulation Managing Individual Performance and the way that these two techniques were used to get to this outcome. Managing Individual Performance The best criteria for selecting team members are an individual's interest in the overall plan and the facilitation skills they possess. Teams need facilitators more than they do leaders, especially if numerous stakeholder groups are involved. The facilitators should have adequate training and should not have a personal interest in the specific project's outcome. The facilitators, then, will not be tempted to use their power to force personal agendas on team members. (Bill Roth) When selecting the team members, be sure to evaluate their interpersonal and communication skills as well as their...
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...companies today. (Caldwell, 2012) Polarities are ongoing issues with no final resolution and therefore must be managed regularly. Studies have shown companies with successful polarity management strategies maintain a stronger bottom line. (Johnson, PG 5). The Polarity Map In today’s business environment an ongoing polarity stems from the push toward a team environment. The marketplace stimulation has surfaced the polarity of Individual vs. Team in a hands on manor to help educate us on polarity management. Below is a polarity map that shows the strengths and weaknesses of Pegas They dynamic of the polarity for individual vs. team is one many companies face every day. In many cases a team environment can help produce better results. Teams have the ability to utilize the strengths of each individual member in order to develop the best possible strategy. The Pegasus team has had the fortunate strength of having 1 team member from the background of each of the areas of importance. By dividing up the responsibilities and giving feedback on decisions we each are able to learn from one another while offering insight into our area of specialty. On the other hand working on the simulation individually provides the experience of studying areas you may not otherwise have the experience doing. Additionally with the time constraints most business professionals have these days working individually...
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...by the term culture? In what way can measuring attitudes about the following help to differentiate between cultures: centralized or decentralized decision making, safety or risk, individual or group rewards, high or low organizational loyalty, cooperation or competition? Use these attitudes to compare the United States, Germany, and Japan. Based on your comparisons, what conclusions can you draw regarding the impact of culture on behavior? Ans:- culture is defined as the shared patterns of behaviors and interactions, cognitive constructs, and affective understanding that are learned through a process of socialization. Culture is the acquired knowledge that people use to interpret experience and generate social behavior. This knowledge forms values, creates attitudes, and influences behavior (Hodges, 2005). Centralized versus decentralized cultures are different in which the top managers or leaders make all the important decisions in a centralized culture and in a decentralized culture, the decisions are made throughout the levels. Safety and risk in some cultures are frowned upon because the results are unpredictable yet other cultures are “riskier” and encourage risk taking on all levels. The same can be said about individual versus group rewards. Some societies or organizations reward individually and other only based on the group effort. High or low organizational loyalty in cultures are different in which the high loyalty in an organization is where the person identifies himself...
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...restraint. The idea of judicial policy-making has become a hot topic for debate. While the Supreme Court does not have the democratic legitimacy to make political decisions, as the citizen’s do not elect them, their premier role of upholding constitutional values is necessary in maintaining individual rights. In the case of Roe v. Wade the Supreme...
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...Summary vs Executive Summary Summary and Executive summary are two terms that are used quite often in education and business areas differently. A summary is a short or a brief account, sometimes elaborate too of the various events of a play. An executive summary on the other hand is a term used in business for a short document that summarizes a longer report, especially a business report. An executive summary is normally a condensed version of the full business document. Hence it needs skill on the part of the writer to execute an executive summary. On the other hand a summary should give salient features of any given aspect of a novel, or a short story or a play. This is the difference between a summary and an executive summary. You can write a summary of any particular episode of a novel or any other fiction written by Jane Austen. The particular summary should contain the various events of the episode in a nutshell or briefly. On the other hand an executive summary should be written in non-technical language. This is the main difference between the two. An executive summary should necessarily have a conclusion. On the other hand a conclusion is not necessary while writing a summary of a play or any scene of a play. An executive summary should ultimately make a business recommendation. No such intention is included in the writing of a summary. An executive summary should contain short and concise paragraphs. On the other hand a summary need not have short and concise paragraphs...
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...T3 ORGANIZATIONAL CULTURE, SOCIALIZATION AND MENTORING Organizational Culture: Shared values and beliefs that underlie a company’s identity. Values: - Guide the organization’s thinking and actions. - Dimensions: Prosocial, Market, Financial, Achievement, Artistic - They define: * What metters: where people will spend time and energy * Actions: the way companies operate (decision-making criteria) Layers of Organizational Culture: 1) ESPOUSED VALUES (Core values and guiding principles) - Strategies, plans, philosophies, company regulation, working method, company’s goal - They require everyone to obey ENACTED VALUES Values and norms that are actually exhibited or converted into employee behavior) 2) OBSERVABLE ARTIFACTS Dress, acronyms, awards, myths, stories, ceremonies, ways of communicating 3) BASIC ASSUMPTIONS Actions inconceivable in a certain culture (unsafe behavior, refusal to learn languages,…) Outcomes associated with Culture: * Attitudes and Behaviors * Job Satisfaction * Commitment * Intentions to stay in the company * Quality of communication Four Functions of Organizational Culture: Establish who the company is and what it stands for, to drive energy around that is really important to promote social system stability and to shape behavior by helping members make sense of their surroundings. Understanding Organizational Culture: Sustainability and Values: - Sustainability is not just about conserving...
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...MG101 INTRODUCTION TO MANAGEMENT ASSIGNMENT 2 NAME: SAHIL SHANEEL SHIRAZ STUDENT ID: S11109682 DUE DATE: 11TH MAY, 2015 Question 1 Decision making is a very crucial and integral part of any business house. Managers of different levels of the organization are involved in decision making and a good decision shall lead to a positive growth. It is like a norm for all managers to make decisions in the everyday busy schedules. The two types of managerial decision makings are programmed and non-programmed. These 2 types of decision making processes are needed in order to re-solve the day-to-day problems. Hence, this essay shall discuss the difference between programmed and non-programmed decisions using examples. To begin with, programmed decisions are decision makings to which solutions are already available from past experiences. This type of decision makings are supported by policies, procedures and rules in order to save the manager’s time. For example, in expedition of the refund processes, the departmental stores use certain rules and policies, “Return shoes with tag still on, undamaged and within 7 days of purchasing” (De Cieri et.al.2003). It is said to be that programmed decision makings are repetitive and of usual routine. In programmed decision making, managers usually don’t have to spend much time in trying to solve the problems which are business related. According to Gustafson (2015), a manager’s work gradually gets in routine and repetition mode. Like the process mechanics...
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