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An Alaysis of the Importance of Cross Cultural Awareness for Managers Working in the Banking Industry in Saudi Arabia

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An Alaysis of the Importance of Cross Cultural Awareness for Managers Working in the Banking Industry in Saudi Arabia
BUSINESS MANAGEMENT ISSUES IN GLOBALISATION

AN ALAYSIS OF THE IMPORTANCE OF CROSS CULTURAL AWARENESS FOR MANAGERS WORKING IN THE BANKING INDUSTRY IN SAUDI ARABIA

Rashed Alzhrany

Due Date: 07/ 01 / 2013
Abstract

introduction

Now days, the world becomes a one village. Although, there are different kinds of management styles and cultures impact on business management in the world, employees needs to increase their awareness to achieve the organisation targets. Awareness of cross-cultural management includes procedures and policies that are relate to the management of any organisation or workforce with different cultural and background. According to Adler (citied in Soderberg &Holden 2002) "cross cultural management studies the behaviour of people in organisation around the world and trains people to work in organisation with employee and client population. It describes organisational behaviour within countries and cultures; compares organisational behaviour across cultures and countries: and perhaps, most importantly, seek to understand and improve the interaction of co-workers, clients, suppliers, and alliance partners from different countries and cultures. Cross cultures management thus expands the scope of domestic management to encompass the international and multicultural spheres". Thus, the cross cultural awareness is considered an importance issue in banking industry in Saudi Arabia because this sector has been increased globally and relies on international experts. The purpose of this report is to analyse the importance of cultural awareness in the banking sector in Saudi Arabia. To assist bankers management promote their awareness and cope with new challenges facing managers by globalisation. The report starts presenting banking in Saudi Arabia, and explains of the cross cultural awareness. It continues explain that the important of cross cultural awareness and



Bibliography: j.1 Ethrenfreund, P, Peter, N, Schrogl,K U, &Logsdon,J.M 2010, ' Cross cultural management supporting global space exploration ', Acta Astronautica, Vol.66, no.1,pp.245-256,viewed 19 Dec 2012, retrieved from Academic search Premier database. I.2 Ford, N 2007, ' Saudi banking goes international ', The Middle East, pp. 48-50, viewed 4 Dec 2012, Academic search. H.3 global investment house 2006, Saudi Arabia Banking Sector: Biggest Beneficiary of Economic Boom, Kuwait. G.4 International Business Publication (ed.) 2011,Saudi Arabia Central Bank & Financial Policy Handbook : volume 1 strategic information and important regulations, Washington DC. k.5 Jacop, N 2008, ' Organizational Structure and Cross-Cultural Management: The Case of Credit Suisse 's Project Copernicus in Singapore ', Global Conference on Business & Economics ', viewed 23 Dec 2012 . C.6 The Middle East 2003, Facing New Challenges, pp. 1-33, viewed 5 Dec 2012, Academic search Premier database. E.7 Molina, A ,&Ben-Jedeed, ' The emergence and evolution of E-banking in Saudi Arabia:the case of samba Financial group ', The University of Edinburgh. D.8 Quappe, S & Cantatore, G 2005, 'What is Cultural Awareness: anyway? How do I build it? ', Culturosity Learning Centre ', viewed 2 Dec 2012, pp. 1-3, . A.9 Soderberg, A & Holden, N 2002, ' Rethinking Cross Cultural Management in a Globalisation Business world ', International Journal of Cross Cultural Management ', vol. 2,no.1, pp. 103-121, viewed 5 Dec 2012, Academic search Premier database. B.10 Al-suhaimi, J 2001, 'Saudi Arabia Monetary Agency: consolidation, competition, foreign presence and systemic stability in the Saudi banking industry ', Bank for international settlements, vol. 4, 2006, viewed 21 Dec 2012, pp. 128-133, .

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