Research Global Business Cultural Analysis Ireland - 9075 Words

Research Global Business Cultural Analysis: Ireland (Research Paper Sample) Content: Global Business Cultural Analysis: IrelandName:Institution:Date:AbstractIn the last couple of years, the Irish market transformed owing to an increased number of multinationals that set up operations in the country. The research showed that global businesses had to deal with cultural diversity to gain the competitive advantage in the modern competitive world market. Global businesses were necessary to accommodate the modern business environment and going global meant having to deal with multicultural dimension issues. The management teams of multinationals had to comprise of members with varying cultural backgrounds where each had a unique way of dealing with work approaches. Cultural diversity was a broad concept and could not be described using a fixed discipline. The thesis of this paper focused analyzing the impact of cultural differences on global businesses with a focus on the US firms aiming to start operations in Ireland.Table of Contents TOC \o "1-3" \h \z \u Abstract PAGEREF _Toc494429322 \h 2Chapter 1: Introduction PAGEREF _Toc494429323 \h 51.1 Overview PAGEREF _Toc494429324 \h 51.2 Background PAGEREF _Toc494429325 \h 71.3 Problem Statement PAGEREF _Toc494429326 \h 81.4 Research Objectives PAGEREF _Toc494429327 \h 91.5 Research Questions PAGEREF _Toc494429328 \h 101.6 Significance of the study PAGEREF _Toc494429329 \h 10Chapter 2: Literature Review PAGEREF _Toc494429330 \h 112.1 The Concept of Culture PAGEREF _Toc494429331 \h 112.1.1 National culture PAGEREF _Toc494429332 \h 112.1.2 Cultural differences PAGEREF _Toc494429333 \h 122.2 Comparisons between Ireland and the US culture in conducting business PAGEREF _Toc494429334 \h 152.2.1 Power distance PAGEREF _Toc494429335 \h 162.2.2 Individualism versus collectivism PAGEREF _Toc494429336 \h 162.2.3 Masculinity versus femininity PAGEREF _Toc494429337 \h 172.2.4 Uncertainty avoidance PAGEREF _Toc494429338 \h 182.2.5 Long-term orientation PAGEREF _Toc494429339 \h 192.2.6 In dulgence PAGEREF _Toc494429340 \h 192.3 Integration of Cultural Dimensions by Business People in Ireland PAGEREF _Toc494429341 \h 202.4 Implications for the US Businesses wishing to Conduct Business in Ireland PAGEREF _Toc494429342 \h 20Chapter 3: Research Methodology PAGEREF _Toc494429343 \h 233.1 Research Method and design PAGEREF _Toc494429344 \h 233.2 Data Collection PAGEREF _Toc494429345 \h 233.3 Analysis procedures PAGEREF _Toc494429346 \h 243.4 Ethical considerations PAGEREF _Toc494429347 \h 24Chapter 4: Research Analysis and Discussions PAGEREF _Toc494429348 \h 25Chapter 5: Conclusion and Recommendations PAGEREF _Toc494429349 \h 285.1 Conclusion PAGEREF _Toc494429350 \h 285.2 Recommendations PAGEREF _Toc494429351 \h 28References PAGEREF _Toc494429352 \h 30Chapter 1: Introduction1.1 OverviewThe rationale of this research was to analyze the impact of cultural diversity on US multinationals operating in Ireland. Without a doubt, managers of multinational companies were suppo sed to understand and deal with staff from different cultures of the world. The paper focused on analyzing multicultural business management within the US global companies located in Ireland to offer a framework and tools that were essential for managers to work competently in their multinational groups. The research aimed at demonstrating the importance of cultural analysis in todays global businesses. Employees integration was often incompetent in the management of international companies since it could not adequately address all the dimensions of culture.In carrying out this study, the first part focused on the background, problem statement, research objectives, and questions. The second part focused on the literature review where various cultural elements and dimensions concerning management were discussed based on research from different authors. The third part focused on the analysis of multicultural management concepts while the last part was the conclusion of the study along side the practical implications or the recommendations for effective management of global businesses in the context of multiple cultures.1.2 BackgroundThe number of employees working in foreign-owned firms has considerably increased over the past two decades due to increased activities of multinational enterprises around the globe. For the majority of people in businesses, both employees and employers, this has emphasized the realities related to globalization. Currently, about 73 million individuals were working for foreign firms, which are a three-fold increase since the 1990s CITATION JOj13 \l 1033 (Ojalaso, 2013). Corporations such as General Motors, British Petroleum, and Motorola are among the largest employers in the private sector in economies such as Singapore, Malaysia, and Ireland. Such an emerging multicultural workforce formed a part of the growing global exchange patterns and interactions in the contemporary business environment. Understanding global cultural differen ces could assist managers in adapting to the variations that matter to them.Culture could be defined as the collective mind programming or the summation of artifacts, institutions, techniques, rules, and beliefs that characterized human populations. According to sociologists, culture could be perceived as the process of socialization, signifying the influence of education, friends, family, and the communication with other members of a certain society CITATION TPa14 \l 1033 (Parsons Shils, 2014). Such influences contribute to learned behavioral patterns that are shared among members of a particular society. Culture also referred to the general behavior and lifestyle of a particular group of individuals; thus corporate culture was a term often used in business to characterize how managers and staffs of specific firms behaved CITATION SLl12 \l 1033 (Llyod Hartel, 2012). However, the term organizational culture has broad applications particularly among senior management and human r esources managers in shaping and nurturing open, dynamic or innovative behavior within their organizations CITATION AJo12 \l 1033 (Joshi, Labianca, Caligiuri, 2012). Encouraging a unique corporate culture could improve the community and the sense of collective identity that reinforced effective organizations.1.3 Problem StatementThe definitions of culture tend to be relative to the analytic unit, disciplinary approach, and the focus of interest such as geography, anthropology, sociology, or psychology. The past global cultural analyses adopted a specific set of quantifiable criteria and definitions that drew numerous debates CITATION BGi14 \l 1033 (Gibson, 2014). Cultural studies and its impact on the management of business practices had for long been a contentious issue which underscored the need to avoid taking cultural differences at face value particularly when conducting business across borders. There existed a strong consensus among past researchers concerning the major elements of culture which included norms, customs, attitudes values, religion, and language CITATION Hop13 \l 1033 (Hopkins Davaney, 2013). Among them, language was the most critical factor in the general understanding of culture because it entailed particular opinions, attitudes, beliefs, and values of a given person or group of people. English was the most widely used official language in business, and thus, a majority of multinationals used it as their business language. For instance, in multinationals such as IBM, Toyota, and NEC, English- conversing skills was one of the essential prerequisites for job promotions. Nevertheless, the assumption that being able to speak the same language as the locals eliminated cultural differences was a misconception because it instead concealed them CITATION Dea17 \l 1033 (David, Michael, Graham, Peter, 2017). Moreover, overreliance on the English language by American and British managers and the inability to communicate in other languages could weaken their capacity to adapt and relate to other cultures. Managing a multicultural workforce could have various merits as well as challenges. For instance, what was the impact of cultural diversity in global business management? What were the major cultural dimensions to consider? Did managers have to adapt to every culture of the employees in their organization? Did management and employees have a role in multicultural management?1.4 Research Objectives 1 To identify the major cultural elements and dimensions in Ireland 2 To determine how cultural elements and dimensions were integrated by locals conducting business in Ireland 3 To compare Ireland and the US businesses regarding their cultural elements and dimensions 4 To analyze the implications of the US businesses that wished to conduct business in Ireland1.5 Research Questions 1 What are the major elements and dimensions of culture in Ireland? (See Chapter 2 of the textbook for a list of the required dimensions.) 2 How are these elements and dimensions integrated by locals conducting business Ireland? 3 How do both of the above items compare with US culture and business? 4 What are the implications for US businesses that wish to conduct business in Ireland?1.6 Significance of the studyIn the above context where Ireland has become home to several US multinationals, it was critical for these organizations to understand the employees differences and similarities concerning culture. It was important for the US multinationals to consider their cultural diversity because culture formed an important component in the modern business success. Whereas the concepts of intercultural management and cultural diversity were relatively recent, only a few exploratory studies had been done as late as the 1990s CITATION Eli12 \l 1033 (Silva Warde, 2012). Until the time of carrying ...

Love, Loss, And Betrayal Essay - 1407 Words

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Business Environment for External Environment- myassignmenthelp

Question: Discuss about theBusiness Environment for Internal and External Environment. Answer: Introduction Organisational environment include both internal and external factors; it is necessary that corporations scan such markets before formulating any development strategies. The analysing of markets assists companies to identify possible risks or opportunities that they have due to their weaknesses or strengths. Environmental scanning focus on evaluating, monitoring and dissemination the information from both internal and external environment, it is conducted by the top management of a firm. In order to develop and sustain future growth, corporations are requiring analysing the external factors which influence their business. The report will focus on evaluating the external factors which influence the business of a corporation. Further, the report will provide suggestions to reduce the impact of external factors and attain success in adverse market conditions. Background According to Hamilton Webster (2015), business environment includes various types of internal and external factors that impact an organisational business; it is divided into two parts, micro, and macro environments. The micro business environment defines the internal factors which affect the productivity and performance of an organisation. The macro environment factors are external forces which influence the operations of business along with its internal environment (Wetherly Otter, 2014). For example, health and safety regulations created by government affect the internal operations of business. The external environment includes various factors such as political, social, consumer behaviour and competitor strategy. Influence of External Factors on Business Following are few external factors that affect a companys business and operations. Government Regulations and Economic Policies As per Percival, Schroeder, Miller Leape (2015), the political factors refer to the political conditions and governmental activities which affect the operations of a business. The political environment add various risks factors to a business which leads to major loss of capital and investments, political factors have the power to change the result of business transections completely. For example, increase and decrease in taxation is an element of political factors. The government might enhance the tax of few companies and reduce it for others; these policies directly influence the financial position of a firm. Other significant political decisions also influence organisations operations; a recent example is Brexit. The UKs government decided to terminate its membership from the European Union. This decision influences the Cross-Border mergers conducted between British and European companies since many mergers were revoked. The international corporate transactions also impacted because of change in sterling exchange rates (Dhingra, Ottaviano, Sampson Van Reenen, 2016). The dynamic economic environment influences the operations of a business; economic factors include demand and supply, inflation, interest rates, recession and many others (Lim Tsutsui, 2012). For example, change in interest rates of banks might influence a corporations decision if they were relying on large loans. An economic recession changes the purchasing behaviour of customers which might force companies to clear small volumes or reduce their prices. In case of employees, jobs tend to be plentiful during economic boom, and in the slow economy, many corporations adopt harsh options such as retrenchment or layoffs to reduce their operations costs. Consumer Behaviour To successfully sell services or products, a corporation is requiring assessing its customers attitude and their demands. The examinations provide necessary information to a company such as what products are liked by consumers and what factors influence their purchasing decisions (Solomon, 2014). Organisations analyse its customers attitude while formulating product development, marketing, and customer service strategies. The attitude of consumers towards a product defines their goodwill and reputation in the market, therefore, companies use effective advertisement strategies to make their brand a household name. For example, Nike started their marketing campaign called Just do it which makes them an international brand because customers reacted positively to the slogan of such campaign. There are several factors which negatively affect customers attitude towards a brand such as hidden prices, use of environment polluting material and false advertising. The corporations are requiring to continuously monitoring customer behaviour because it changes rapidly, for example, awareness regarding organic and environment-friendly products are quickly increasing because people are getting health conscious (Paul Rana, 2012). Competitor Strategy The strategies adopted by competitor significantly affect business decisions as well, an enterprise formulate its organisational policies after assessing competitors policies. One of the primary objectives of organisations is to gain a competitive advantage over other companies which allow them to capture the market and increase their sales (Grant, 2016). Usually, the customers compare price and quality of a new product with already existing products to decide whether purchasing such product is a good deal or not. Therefore, corporations must analyse prices and features of its competitors products before setting standards for their own production process. To gain competitive advantage, a company is requiring using innovative approach in existing market. For example, Uber changed taxi industry by providing online services which allow them competitive advantage. To gain competative advantage over Uber, competitors either provides less expensive prices or high-quality services to their customers (The Economist, 2014). Public Opinion The public opinions have a significant impact on a business growth, and to sustain its development, a corporation cannot ignore public opinions regarding its products, services or reputation. Due to globalisation and popularity of social media sites, opinion of the public can be detrimental or beneficial for corporations (McCombs, 2014). Negative press or media scandal can reduce the corporations reputation which decreases its products sales. Modern customers are considerably vocal regarding their opinion and thoughts on different products and services, therefore, corporations have to ensure that they fulfill their target audience requirements. The popularity of Corporate Social Responsibility principles is one of the examples of public opinion. Modern corporations cannot just focus on maximising shareholders value; they have to ensure that they are fulfilling their social responsibilities as well, such as use of recyclable products, appropriate measures for pollution control, fulfilling stakeholders interest and others (Leiserowitz, Maibach, Roser-Renouf, Smith Dawson, 2013). For example, worlds most prominent corporations are also worlds profitable companies, such as Apple, Google, Starbucks, Microsoft, and others. All of these corporations implement CSR principles and fulfill their stakeholders interest to sustain their growth. Recommendations Following are some suggestions that can be implemented by modern corporations to address external challenges and reduce their impact on business operations. Assessment of various external factors which can influence the business and its operations and developing solid strategies to address them. The corporations can carefully assess the existing and future regulations implemented by national and international government and formulate policies according to them. The company can also establish a legal committee which recommends directors regarding laws which apply to firms operations. To protect themselves from dynamic economic conditions, organisations can make necessary reserves. For example, banking corporations can maintain a certain savings ratio to protect their assets from recession. Corporations can also use specific or general reserve in adverse economic conditions. Proper study of customers behaviour will provide necessary information to firms which they can utilise while manufacturing new products. Establishing a creative thinking environment and promoting innovative ideas will assist corporations in gaining competitive advantage. Proper implementation of CSR principles and involvement in charitable causes will positively influence a corporations public image. Conclusion and Summary To conclude, the external environment includes various factors which positively or negatively influence a companys operations and proper evaluation of external environment is required while formulating organisational policies. A company is requiring analysing national and international government regulations and economic trend before taking any significant business decision. The consumer behaviour and opinions increases or decreases the sales of an enterprise in the market, therefore, it is necessary that firms maintain a positive brand image in the market. Promoting innovative thinking and original ideas can assist corporations in gaining competitive advantage and sustaining their growth. To summarise, assessment and evaluation of external factors is significantly important for modern corporations without which corporations cannot sustain their growth. References Dhingra, S., Ottaviano, G., Sampson, T., Van Reenen, J. (2016). The impact of Brexit on foreign investment in the UK.BREXIT 2016, 24. Grant, R. M. (2016).Contemporary Strategy Analysis Text Only. John Wiley Sons. Hamilton, L., Webster, P. (2015).The international business environment. Oxford University Press, USA. Leiserowitz, A. A., Maibach, E. W., Roser-Renouf, C., Smith, N., Dawson, E. (2013). Climategate, public opinion, and the loss of trust.American behavioral scientist,57(6), 818-837. Lim, A., Tsutsui, K. (2012). Globalization and commitment in corporate social responsibility: Cross-national analyses of institutional and political-economy effects.American Sociological Review,77(1), 69-98. McCombs, M. (2014).Setting the agenda: Mass media and public opinion. John Wiley Sons. Paul, J., Rana, J. (2012). Consumer behavior and purchase intention for organic food.Journal of consumer Marketing,29(6), 412-422. Percival, R. V., Schroeder, C. H., Miller, A. S., Leape, J. P. (2015).Environmental regulation: Law, science, and policy. Wolters Kluwer Law Business. Solomon, M. R. (2014).Consumer behavior: Buying, having, and being(Vol. 10). Upper Saddle River, NJ: Prentice Hall. The Economist. (2014). Uber-competitive. [Online] The Economist. Available at: https://www.economist.com/news/business/21633833-uber-risks-consumer-backlash-over-its-tough-tactics-uber-competitive [Accessed on 14/11/2017] Wetherly, P., Otter, D. (Eds.). (2014).The business environment: themes and issues in a globalizing world. Oxford University Press.