Question

Summarise "The transferability of management practices: Examining cross-national differences in reward preferences" Flora F.T. Chiang and Thomas Birtch, 500 words or more

Answer 1

Answer:

This study examines the multi-dimensional nature of reward preferences (i.e. types, systems, and criteria) in the cross-border context, an area not sufficiently addressed by prior research. This study, thus, aims at finding empirical evidence to suggest both similarities and differences in employee reward preferences. Although culture may play a big role over the reward preferences, this study suggests that its influence may be diminishing or giving way to a range of other contextual forces. Directions for future research are also presented in this particular study.

Reward practices that are effective in one country may be very different from those that are successful in others. This is largely due to reward preference, which is shaped by individual needs, values and expectations. By integrating both the theories of motivation and culture, this study examines employee reward preference in different countries. For examining the multi-dimensional nature of reward, the type-system-criterion (TSC) model to identify where specific differences in reward preference lie is used. The findings provide support to the existing body of research. In order to fill the gap in prior research, empirical analysis reveals that while preferences for certain types of rewards remain relatively divergent, differences in preferences for both reward systems and the criteria by which rewards are allocated are diminishing as the forces of convergence dominates.