MGT1101 International Business Management

Free Samples

MGT1101 International Business Management

.cms-body-content table{width:100%!important;} #subhidecontent{ position: relative;
overflow-x: auto;
width: 100%;}

MGT1101 International Business Management

0 Download4 Pages / 854 Words

Course Code: MGT1101
University: Algonquin College

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Canada

Question:
According to Hofstede (2007), Asian cultures bear some common features? What are they? How do these features influence management in Asia? If you were hired as a CEO who manages the subsidiary of an Australian company in an Asian country, how would you manage the subsidiary in the Asian cultural context?
Answer:

Introduction:
The purpose of the study is to analyse the effect of cultural features of Asian country on the business management. Therefore, the study involves identifying the common features of Asian culture as per Hofstede (2007) and its impact on international business management.
The Asia is the region of diverse cultures. There are various types of cultural inheritances of different societies, nationalities and ethnic groups. The most crucial elements of Asian culture are Asian music, art, cuisine and literature. There is a very little common history or unity among the mentioned cultures. The link between conventional culture and the culture of the Western world is one of the most intricate parts of Asian culture. The eastern part of the continent includes Hinduism, Confucianism, Buddhism, Taoism, Islam and Judaism, which play a significant role in Asian culture (Chon& Yu, 2012).
The above picture shows the cultural dimensions of Singapore that may affect the management in business organisations. Singapore scores 74 in the power distance index, as the Confucian culture dominates the region and the Confucians possess a syncretic attitude to religion. Their concept is based on imbalanced relationship between people like father-son, ruler-subject and so on. In business organizations, power is unified on the rules and bosses and employees are directed by their managers. In terms of individualism, Singapore scores 20, which indicates a collectivistic society. In organisations, people are encouraged to work collaboratively and managers have to be calm and respectable. Singapore scores 48 inmasculinity index, which is in the medium in the scale, however, the country is more on the female side. Therefore, being humble and modest is considered as very important. Singapore scores 8 in Unicertaininty Avoidance dimension that is very low. People, in this country has to abide by a number of rules due to the high score in PDI. Hence, the country is called a “Fine Country”. In Long Term Orientaion dimension, Singapore’s score is 72, which indicates that cultural qualities in the country supports long-term investment like sustained efforts, persistence, thrift, slow results and ordering relationship. Indulgence refers to the degree to which people are able to manage theory impulses and desires. Singapore scores 46 in this dimension. Hence, it is difficult to determine the preference for Singapore due to its middle score (Hofstede, 2007).
Chon & Yu (2012) stated that, cultural features of Asia, especially Singapore have a great impact on the management in business organisations. For instance, due to the high score in PDI, attitude toward the management is formal in the country and indirect communication is maintained within the organisations. It controls the flow of informal communication. There is no space for open conflicts in the organisations. As opined by Khilji (2012),The management maintains indirect communication as well and group harmony is encouraged. Management usually shows politeness for obtaining honest feedback from employees. The relationship has an ethical basis and priority is given to the accomplishments of tasks. Managers handle every matter very calmly. As, the country supports feminism, hence, it values the softer features of the culture like flattening with others, sympathy for the loser and harmony. During meetings and discussions, employees have to be careful and not very persistent. Singaporeans managers put stress on the quality and the way in which things are done. Ballet al. (2012) mentioned that, the people of Southeast and East Asia see that two people can create something greater. This approach allows for a more practical mindset for business.
The CEO of an Australian company needs to follow the Asian culture for maintaining the subsidiary in an Asian country successfully. In Australia, people are treated equally within an organisation and there is a lack of formality. However, to work in Asian countries, the CEO needs to be formal and treat everyone as per their status and job position (Fang, 2010). Fidrmuc &Korhonen (2010) stated that, Asian people face difficulties in understanding the Australian language due to their accent and idioms. Therefore, the CEO of the Australian company must understand and learn the language spoken by Asian people in order to run their business successfully.
Hence, it can be inferred that, at the present day of increasingly competitive business environment, it has become critical for all companies to expand their business internationally. In doing so, understanding the cultural characteristics and diversity of international markets is mandatory.
References
Ball, D., Geringer, M., Minor, M., &McNett, J. (2012). International business.McGraw-Hill Higher Education.
Chon, K. S., & Yu, L. (2012). The international hospitality business: Management and operations.Routledge.
Chon, K. S., & Yu, L. (2012). The international hospitality business: Management and operations.Routledge.
Fang, T. (2010). Asian management research needs more self-confidence: Reflection on Hofstede (2007) and beyond. Asia Pacific Journal of Management, 27(1), 155-170.
Fidrmuc, J., &Korhonen, I. (2010).The impact of the global financial crisis on business cycles in Asian emerging economies. Journal of Asian Economics, 21(3), 293-303.
Hofstede, G. (2007). Asian management in the 21st century. Asia pacific journal of management, 24(4), 411-420.
Khilji, S. E. (2012). Editor’s perspective: does South Asia matter? Rethinking South Asia as relevant in international business research. South Asian Journal of Global Business Research, 1(1), 8-21.

Free Membership to World’s Largest Sample Bank

To View this & another 50000+ free samples. Please put
your valid email id.

E-mail

Yes, alert me for offers and important updates

Submit 

Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

UploadUnique Document

DocumentUnder Evaluation

Get Moneyinto Your Wallet

Total 4 pages

PAY 3 USD TO DOWNLOAD

*The content must not be available online or in our existing Database to qualify as
unique.

Cite This Work
To export a reference to this article please select a referencing stye below:

APA
MLA
Harvard
OSCOLA
Vancouver

My Assignment Help. (2021). International Business Management. Retrieved from https://myassignmenthelp.com/free-samples/mgt1101-international-business-management/cultural-inheritances.html.

“International Business Management.” My Assignment Help, 2021, https://myassignmenthelp.com/free-samples/mgt1101-international-business-management/cultural-inheritances.html.

My Assignment Help (2021) International Business Management [Online]. Available from: https://myassignmenthelp.com/free-samples/mgt1101-international-business-management/cultural-inheritances.html[Accessed 18 December 2021].

My Assignment Help. ‘International Business Management’ (My Assignment Help, 2021) accessed 18 December 2021.

My Assignment Help. International Business Management [Internet]. My Assignment Help. 2021 [cited 18 December 2021]. Available from: https://myassignmenthelp.com/free-samples/mgt1101-international-business-management/cultural-inheritances.html.

×
.close{position: absolute;right: 5px;z-index: 999;opacity: 1;color: #ff8b00;}

×

Thank you for your interest
The respective sample has been mail to your register email id

×

CONGRATS!
$20 Credited
successfully in your wallet.
* $5 to be used on order value more than $50. Valid for
only 1
month.

Account created successfully!
We have sent login details on your registered email.

User:

Password:

Getting academic assistance from MyAssignmenthelp.com is a wise decision. Many students, finding the answer to their queries ‘who will Do my essay for cheap’ are likely to find our services useful and beneficial. They no longer need to waste their time in typing ‘can someone write my essay at cheap price’, instead they can hire our cheap essay writers to complete the due papers perfectly within given deadline.

Latest Management Samples

div#loaddata .card img {max-width: 100%;
}

MPM755 Building Success In Commerce
Download :
0 | Pages :
9

Course Code: MPM755
University: Deakin University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers:
Introduction
The process of developing a successful business entity requires a multidimensional analysis of several factors that relate to the internal and external environment in commerce. The areas covered in this current unit are essential in transforming the business perspective regarding the key commerce factors such as ethics, technology, culture, entrepreneurship, leadership, culture, and globalization (Nzelibe, 1996; Barza, 2…
Read
More

SNM660 Evidence Based Practice
Download :
0 | Pages :
8

Course Code: SNM660
University: The University Of Sheffield

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United Kingdom

Answers:
Critical reflection on the objective, design, methodology and outcome of the research undertaken Assessment-I
Smoking and tobacco addiction is one of the few among the most basic general restorative issues, particularly to developed nations such as the UK. It has been represented that among all risk segments smoking is the fourth driving purpose behind infections and other several ailments like asthma, breathing and problems in the l…
Read
More
Tags:
Australia Maidstone Management Business management with marketing University of New South Wales Masters in Business Administration 

BSBHRM513 Manage Workforce Planning
Download :
0 | Pages :
20

Course Code: BSBHRM513
University: Tafe NSW

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answer:
Task 1
1.0 Data on staff turnover and demographics
That includes the staffing information of JKL industries for the fiscal year of 2014-15, it can be said that the company is having problems related to employee turnover. For the role of Senior Manager in Sydney, the organization needs 4 managers; however, one manager is exiting. It will make one empty position which might hurt the decision making process. On the other hand, In Brisba…
Read
More

MKT2031 Issues In Small Business And Entrepreneurship
Download :
0 | Pages :
5

Course Code: MKT2031
University: University Of Northampton

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United Kingdom

Answer:
Entrepreneurial ventures
Entrepreneurship is the capacity and willingness to develop, manage, and put in order operations of any business venture with an intention to make profits despite the risks that may be involved in such venture. Small and large businesses have a vital role to play in the overall performance of the economy. It is, therefore, necessary to consider the difference between entrepreneurial ventures, individual, and c…
Read
More
Tags:
Turkey Istanbul Management University of Employee Masters in Business Administration 

MN506 System Management
Download :
0 | Pages :
7

Course Code: MN506
University: Melbourne Institute Of Technology

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answer:
Introduction
An operating system (OS) is defined as a system software that is installed in the systems for the management of the hardware along with the other software resources. Every computer system and mobile device requires an operating system for functioning and execution of operations. There is a great use of mobile devices such as tablets and Smartphones that has increased. One of the widely used and implemented operating syste…
Read
More
Tags:
Australia Cheltenham Computer Science Litigation and Dispute Management University of New South Wales Information Technology 

Next