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7/30/2019 nature and impact of culture on business
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Shared values and beliefs
Determines Behavior
Common to a certain
group of people
Held deeply
Not transmitted
genealogically
Learned
A system of values and norms that are shared among a
group of people and that when taken together constitutea design for living.
- Hofstede, Namenwirth and Weber
7/30/2019 nature and impact of culture on business
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Language
Religion
Values and Attitudes
Manners and Customs
EducationMaterial Elements
Aesthetics
Social structure
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Creates people
Determines Goods
and Services
Peoples attitudeto Business
Attitude to work
Education
Ambitious orComplacent
Ethics in business
Cultural resources
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GlobalManagers
must be ableto handle
Culture shock
Similarbusiness
situations indifferentcountries
does notimply similaropportunities
Cultureinfluences
Managementskills. So in anew country,
its Back-to-Basics
Culturedefines a setof acceptable
&unacceptable
behaviours,which formsthe basis of
Way ofdoing
Business
Globalbusiness
involves crosscultural
negotiations,
establishingrelationshipswith
suppliers,customers,
distributors &
otherpartners
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Globalization is creating a global business culture.In business it may be inappropriate to dress in a
local way.
Cultural Sensitivity must be inline with the businessmodel. If the product/Service offering does not meet
the buyer requirement, no amount of cultural
sensitivity will help
Cultural Sensitivity does not mean giving up onesown culture. Successful manager will know both the
cultures