In: Operations Management
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What evidence is there to support the view that a common business culture is spreading throughout the world? Consider factors such as economic and political systems, globalization, the improvement of computers and communications, cross-cultural institutions, and education. please no copy and paste and no handwriting, thank you!!!
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A few common business cultural aspects are now ruling the entire
business fraternity across the globe. The cultural aspects are -
maintenance of cultural diversity, and welcoming people across the
globe within the company workforce. It is important to consider the
political aspects of international market before allowing a global
workforce. Different countries have different political scenarios,
different policymaking, different kinds o human resource policies,
different tax system, and different migration policies. Thus, all
the political scenarios must be considered before analyzing the
global business culture. In this context, communication plays an
effective role in developing a global business culture. Both verbal
and non-verbal communication is important in development.
Communication explores the cultural needs and business requirements
of a diversified workforce that leads to globalization.
The concept of globalization requires an economic connection among
the countries. There must be flexibility in importing, exporting,
outsourcing, and foreign business policies that improve the
economic relationship among the countries. Beyond the border
economic relationship establishes different cross-cultural
institutions like business schools, universities, foreign
conferences, meetings, and client-dealing organizations. All the
institutions must be technically sound for maintaining
sustainability in the economic relationship. For example- there
must be an opportunity for video conferencing, a projector using,
and cloud-based data recording system to record a wide range of
customer data, client data, employee data, stakeholders data, and
business partners' data. Developed countries like the USA, the UK,
Canada, and Germany are well-equipped with updated
technology.
On the contrary, a few developing countries like Burundi, Rwanda,
Tanzania, and Zimbabwe are still technically not suitable. On the
other hand, countries like India and China are growing fast in
developing their technical aspects. To conclude, the globalization
of business depends on intercultural communication with a proper
understanding of international policies and technical aspects.