Cultural Diversity is a source of international competitive advantage. PDF Download
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Author: Stefanie Hoffmann
Publisher: GRIN Verlag
ISBN: 3638501531
Category : Business & Economics
Languages : en
Pages : 14
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Book Description
Essay from the year 2005 in the subject Leadership and Human Resources - Miscellaneous, grade: 63% - B, Cardiff University, language: English, abstract: Companies all over the world have always tried to create and capitalise on competitive advantages, ensuring profitability and long term survival. Due to the increasing competition in most markets, mainly caused by globalization, liberalisation and better information of the customers, the need to gain advantages in competition is now more essential than ever. This essay, labelled “Cultural diversity is a source of international competitive advantage. Critically evaluate”, shall point out the complexity of this topic. “What business strategy is all about; what distinguishes it from all other kinds of business planning - is, in a word, competitive advantage. Without competitors there would be no need for strategy, for the sole purpose of strategic planning is to enable the company to gain, as effectively as possible, a sustainable edge over its competitors.” Keniche Ohnae (http://www.quotationspage.com/quote/8183.html: accessed on 30.11.2005) Michael Porter, professor at the Harvard Business School, stated that competitive advantages depend on different factors like the availability of resources, the size and sophistication of the market or the type of strategic networks. (Schneider and Barsoux, 1997) He also said that choosing the right strategies make the company unique, build brand reputation or set the right goal. (Porter, 2005) In general, competitive advantage is often associated with specific business operations like mentioned above. Little people think that also cultural diversity provides a source of competitive advantage. [...]
Author: Stefanie Hoffmann
Publisher: GRIN Verlag
ISBN: 3638501531
Category : Business & Economics
Languages : en
Pages : 14
Get Book Here
Book Description
Essay from the year 2005 in the subject Leadership and Human Resources - Miscellaneous, grade: 63% - B, Cardiff University, language: English, abstract: Companies all over the world have always tried to create and capitalise on competitive advantages, ensuring profitability and long term survival. Due to the increasing competition in most markets, mainly caused by globalization, liberalisation and better information of the customers, the need to gain advantages in competition is now more essential than ever. This essay, labelled “Cultural diversity is a source of international competitive advantage. Critically evaluate”, shall point out the complexity of this topic. “What business strategy is all about; what distinguishes it from all other kinds of business planning - is, in a word, competitive advantage. Without competitors there would be no need for strategy, for the sole purpose of strategic planning is to enable the company to gain, as effectively as possible, a sustainable edge over its competitors.” Keniche Ohnae (http://www.quotationspage.com/quote/8183.html: accessed on 30.11.2005) Michael Porter, professor at the Harvard Business School, stated that competitive advantages depend on different factors like the availability of resources, the size and sophistication of the market or the type of strategic networks. (Schneider and Barsoux, 1997) He also said that choosing the right strategies make the company unique, build brand reputation or set the right goal. (Porter, 2005) In general, competitive advantage is often associated with specific business operations like mentioned above. Little people think that also cultural diversity provides a source of competitive advantage. [...]
Author: Finn Majlergaard
Publisher: LAP Lambert Academic Publishing
ISBN: 9783659823251
Category :
Languages : en
Pages : 400
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Book Description
2/3 of all mergers and acquisitions fail to meet their objectives due to cultural clashes. 75% of managers in international companies find it difficult to lead culturally diverse teams. This book deals with how we can leverage from the cultural diversity instead of seeing it as a problem that should be fixed. It combines academic research, field studies and Dr. Majlergaards experience from having worked with hundreds of companies around the world helping them benefitting from the cultural diversity. In a globalised world where products can and are copied faster than ever before the corporate culture is one of the most important factors for securing competitive advange. Anyone can copy your product, but no one can copy your culture. This book advices you on how you can use the cultural diversity in your organisation to develop a strong corporate culture that will help you accelerate organisational effectiveness and global competitive advantage. This book is intended for business leaders who seek ideas on how to take their organisation to the next level on the global scene and for academics who want to research this field further
Author: Lisa Adent Hoecklin
Publisher: Financial Times/Prentice Hall
ISBN:
Category : Business & Economics
Languages : en
Pages : 176
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Book Description
On competitive management
Author: Lionel Laroche
Publisher: Routledge
ISBN: 1135119384
Category : Business & Economics
Languages : en
Pages : 300
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Book Description
The Chinese characters for "danger" and "opportunity" form the word "crisis". Ancient Chinese wisdom sees an opportunity in danger. While cultural diversity brings challenges to the workplace, how do we turn these challenges into opportunities? Drawing on their extensive experience working with multicultural and multinational organizations, Lionel Laroche and Caroline Yang provide an in-depth analysis of cross-cultural dynamics in the workplace and offer practical suggestions at both the individual and organizational levels. The book analyzes cross-cultural challenges in six areas: the relative importance of technical and soft skills; cross-cultural communication; cross-cultural feedback; hierarchy; individualism; and risk tolerance. It then provides a solutions framework that encompasses people, systems and environment to bridge the issues that arise from cultural differences. The analysis and solutions are applied in four business contexts: managing a multicultural workforce; competing in the global talent market; collaborating with joint venture partners; and working with offshore resources. If you work with colleagues, managers, employees and customers from diverse cultures, if you are with an organization that has a multicultural workforce and/or global operations, or if your organization collaborates with joint venture partners or offshore resources from different cultures, then Danger and Opportunity: Bridging Cultural Diversity for Competitive Advantage is the book for you.
Author: Affiliation of Multicultural Societies and Service Agencies of B.C.
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: Lisa Adent Hoecklin
Publisher:
ISBN:
Category : Competition
Languages : en
Pages : 158
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Book Description
Discusses the impact of cultural diversity on management and on international business and describes strategies for doing business in multicultural environments. Includes a directory of organizations offering cross-cultural development consultancy and a selection of leading business school executive courses in cross-cultural management.
Author: Michael E. Porter
Publisher:
ISBN:
Category : Competition, International
Languages : en
Pages : 0
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Book Description
Author: David S. Bright
Publisher:
ISBN: 9781998109166
Category :
Languages : en
Pages : 0
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Book Description
Black & white print. Principles of Management is designed to meet the scope and sequence requirements of the introductory course on management. This is a traditional approach to management using the leading, planning, organizing, and controlling approach. Management is a broad business discipline, and the Principles of Management course covers many management areas such as human resource management and strategic management, as well as behavioral areas such as motivation. No one individual can be an expert in all areas of management, so an additional benefit of this text is that specialists in a variety of areas have authored individual chapters.
Author: James Heskett
Publisher: Columbia University Press
ISBN: 0231554826
Category : Business & Economics
Languages : en
Pages : 274
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Book Description
There is significant evidence that an effective organizational culture provides a major competitive edge—higher levels of employee and customer engagement and loyalty translate into higher growth and profits. Many business leaders know this, yet few are doing much to improve their organizations’ cultures. They are discouraged by misguided beliefs that an executive’s tenure and an organization’s attention span are too short for meaningful transformation. James Heskett provides a roadmap for achievable and fast-paced culture change. He demonstrates that an effective culture supplies the trust that makes managing change of all kinds easier. It provides a foundation on which changes in strategy can be based, and it’s a competitive edge that can’t easily be hacked or copied. Examining leading companies around the world, Heskett details how organizational culture makes employees more loyal, more productive, and more creative. He discusses how to quantify its effects in order to sell the notion of culture change to the organization and considers how to preserve an organization’s culture in the face of the trend toward remote work hastened by the COVID-19 pandemic. Showing how leadership can bring about significant changes in a surprisingly short time span, Win from Within offers a playbook for developing and deploying culture that enables outsized results. It is a groundbreaking demonstration of organizational culture’s role as a foundation for strategic success—and its measurable impact on the bottom line.
Author: Deepika Bajaj
Publisher: Happy About
ISBN: 1607730561
Category : Business & Economics
Languages : en
Pages : 106
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Book Description
This resource offers advise for managers to effectively and successfully handle diversity in the workplace to bolster cooperation and create a competitive edge.
