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nature and impact of culture on business

Date post: 04-Apr-2018
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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

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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


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