the importance of cultural differences for the global multi-national corporation (MNC). Do cultural differences really matter in...

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General Management

theimportance of cultural differences for the global multi-nationalcorporation (MNC). Do cultural differences really matter in anincreasingly globalised world? In the essay,students must addressthe following key themes including: 1. explanations and examples ofeach of the determinants of culture 2. cross cultural literacy andthe dimensions of culture 3. values, norms, ethics, social mobility4. the advantages and disadvantages of cultural diversity for theMNC and its level of importance. The following unit learningoutcomes are relevant to this assessment: 1. critically evaluatethe impact of globalization, organisations and their management; 2.utilise different perspectives to interpret and analyse business,social and cultural problems in an international setting. 3.demonstrate an understanding of the social, political, economic,technological and cultural forces that influence decision-making ininternational business.

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Due to the current wave of globalisation liberalisation and privatisation every firm has gone or aspiring to become a truly global company The time of the old flat structured organisation has almost gone it is the era of networkbased and matrix form of organisations where space and nationalities do not limit the scope of business transactions Every frim is dealing with foreign clients even if they are not their primary consumer base Every firm particularly Multinational Corporations not only hires their employees from their home country but also from the host countries due to legal and strategic obligations So the challenge to cope up with different cultural nuances has tremendously increased Before going into the nittygritty of the crosscultural barriers it will be wise to know what exactly is the crosscultural barriers It can be defined as any kind of hindrance in the way of organisational objective or potential factors which may lead to the failure of the organisation which have come into the existence because of employees of the different cultures and nationalities works together in an organisation In other words crosscultural barriers may be defined as any kind of See Answer

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