CROSS CULTURAL BUSINESS MANAGEMENT

Unit I
The learning objectives from this lesson are as follows: 1. To understand basic Concept of Culture for a Business Context 2. To understand the basic features of Corporate Culture 3. To understand how Cultural Differences affect Business Decision Making 4. To understand how Cultural Background of Business stake holders affect Decision Making

Introduction: Corporate culture is a synthesis of management styles, values and

communications styles. It is generally understood as The way things are done In an organization. It describes the situation not as stated but as practiced. Though organizational structure, System, policy and strategy direct and channelize the workflow, the actual behavior of people is conditioned by corporate culture. It is intangible and hard to quantify.

There are several factors that bear a significant influence in shaping the Management style of an Organisation. These include the leadership style, organizational factors, motivational methods and tools, as well as communication styles and methods. Corporate Culture Definitions Consists of a set of symbols, ceremonies, and myths that communicate the underlying values and beliefs of that organization to its employees. - Ouichi

The way we do things around here.