Elecon Company shall be committed to enhancing shareholder value and complying with all regulations and laws that govern shareholder rights. The board of directors of this company shall duly and fairly inform its shareholders about all relevant aspects of the company’s11 business, and disclose such information in accordance with relevant regulations and agreements.
Values
Leading change ,integrity, respect for the individual, excellence, learning and sharing
Building cultural understanding and awareness
Hofstede proposed a general framework for building the competences required for operating in a cross-cultural basis. This may be summarized as: 1. Building awareness * of own culture; * of cultural differences. 2. Developing knowledge: * of the impact of cultural differences; * of the relative strengths and weaknesses of different cultures in a managerial setting. 3. Building skills: * identifying the impact of different cultural settings for managerial problems adapting behaviours to achieve effective results in different cultural settings * b
Cultural differences
India
-Traditional Caste System -Fatalism -Collectivism -Religion is a way of life -Financial channels are from friends & family -Main religion is Hinduism -Main language is Hindi * Pakistan -Hierarchical Society -Main religion is Islam -Follow basic of business etiquettes -Negotiation is the prioritised in business -Business card is a must * Bangladesh -Developing relationships -Business entertainment is important -Exchanging favours -Punctuality is important -Women are accepted in business * Indonesia -Hierarchically structured -Manager allocates tasks and making decisions -Promotions & selections are based on relationships -Connections with the government & organisations is a key to success -Hold of bureaucracy
Japan
Lifetime employment -Regard of