Managing in a global society Essay Example | Topics and Well Written Essays - 1500 words

Managing in a global society - Essay frameworkIn this scenario, strategies are adopted in taking into account different layers of parameters with the first being culture of the force nation, and subsequently situational as well as strategies pertaining to the process of centralization or decentralization. Understanding and adopting culture of the foreign subsidiary nations, current global industrial trends, pertinent values, and important principles are the contributing factors for the favored global commercial venture. Conventionally economic and management factors are considered while framing strategies for developing international business relations however research and studies sport found tremendous impact of culture on establishing strong foreign relations in the form of joint ventures as well as amply owned subsidiaries. Some of the studies suggest joint venture as the closely adequate strategically motivated move with the nations having vast cultural differences or vice- versa. unless to achieve success, trustworthiness and reliability should be taken into setting while reducing risks for any opportunistic tendencies. As different cultures have different levels of trustworthiness, it is equally important to weigh all the possible outcomes, opportunities as well as obstacles before forging international relations. ... ould forge a new relationship with the host nation having vast cultural differences by fully utilizing its extensive knowledge (Lee, Bang, Ha & Lee, p. 3). As a CEO of UK firm, I need to take into consideration various cultural parameters if subsidiary in regular army and Japan has to enter into success. There is no doubt a fact that in both the USA and UK, language is same and United Kingdom would need little of adjustment while dealing with Americans in contrast to Japan, yet for Americans this assumption puts them in the most difficult situation and less productive. As Craig Storti suggests, Because we speak the same language, Am ericans think theyre not going to have any communication problems with the English, (Doke 2004, p. 1) but in reality there is a vast difference as the language that appears to be same but have different phrases, unfamiliar terms and meanings. George Bernard Shaw, twentieth century Irish playwright and a political strategist, once claimed that United States and England are the two nations having same language still they are divided. It is quite real that the major difference is in English language and its usage can cause many problems and obstacles for the Britons and Americans who are working together as for instance Americans bring forth use of the sports metaphors quite often while having business talks which can be very difficult for us to understand. On the other hand, Britons are commonplace in speaking more but with fewer words and this often become the most ordeal task for the Americans to understand (Doke 2004, p. 1). According to Doke, Unfamiliar nuances and British atti tudes about work, personal ambition, individualism, efficiency, business meetings and communications may run counter to your employees experiences and expectations (2004,