other companies. However‚ such comparisons may be misleading. Some of the limitations of ratio analysis for cross-sectional comparisons are discussed below: Accounting policies: Accounting laws allow companies to choose accounting policies and use discretion while preparing accounts. Such a freedom leads to differences in the accounts of companies‚ which in turn distorts cross-sectional company comparisons. Historic cost: If companies are of different ages‚ their financial statements will include
Premium Balance sheet Generally Accepted Accounting Principles Financial ratio
A PAPER ON “CROSS CULTURAL TRAINING” -Ms. Sarika Kale INTRODUCTION: Globalization of business has led to cross border flows of physical‚ financial and human resources. It has resulted in both a large number of people working abroad‚ as well as an increasingly multi cultural domestic work environment. To face the ever growing competition‚ organizations are expanding their businesses‚ outsourcing and even establishing offices overseas. Organizations
Premium Culture Geert Hofstede Cross-cultural communication
Cross-Cultural Perspectives Cross-Cultural Perspectives Coca-Cola sells in more than 200 countries‚ has been in business for 125 years‚ and has almost 140‚000 employees ("The Coca-Cola Company"‚ 2011). Coca-Cola started in 1886 by a pharmacist named Dr. John Pemberton ("History of Coca-Cola"‚ 2011). In the 1900’s Coca-Cola expanded its’ bottling operations in Guam and Europe. By the 1920’s Coca-Cola expanded its’ bottling operations to 10 other countries. In the 1930’s Coca-Cola entered three
Premium Human rights United Nations Law
Cross-cultural leadership in global business Abstract: Leadership is the process of getting work done through others. A leader encourages and motivates others towards accomplishment of certain pre-defined organizational goals. The management maintains the status quo whereas the leadership is responsible for predicting fresh solutions and methodologies. The leadership is responsible for motivating people to bring out their best. The modern leader must be multicultural because corporate success
Premium Management Sociology
In nowadays modern‚ rushed world cultural diversity has grown widely. Globalization seems pervasive. There is a well seen difference between the value systems of rich and poor countries or people even. And so‚ value systems and the culture of a country are tightly connected. In order to be a good manager outside your ‘comfort zone’ - the country you are living in‚ with its culture‚ people‚ and all of it sides (that you are pretty acknowledged of)‚ you should be ready to go deeper in the new place’s
Premium Cross-cultural communication Geert Hofstede Culture
CROSS CULTURAL RELATIONSHIPS As the world becomes more and more internationally connected‚ the need to understand people from different cultures and how to interact appropriately with them also increases. Managers and leaders need to develop intercultural competences that can help them be more aware of their own culturally-based perceptions‚ norms‚ and patterns of thinking‚ and consequently adapt their behaviors according to specific cultural contexts. Managing people across cultures offers solid
Premium Cross-cultural communication Culture
Cross Cultural Communications Sheila Helgeland 11/1/201 Cross cultural communication in the work place has grown in leaps and bounds. It affects our approach towards work‚ towards time management‚ and getting and giving information. All three of these preferences have a huge impact on teamwork success. Culture may be defined as the complex system of value‚ traits‚ morals‚ knowledge‚ belief‚ religion‚ language‚ art‚ laws‚ and custom shared by a society. Culture teaches people how to behave
Free Culture Cross-cultural communication
advertising (Ukpere and Slabbert‚ 2009). Because of globalization‚ cultural influences have played an important role in designing advertisements. Culture is an important aspect of every society and clearly has an effect on people’s behaviour. This impact is a key factor in a science such as advertising which aims to influence behaviour. In this context it is important to know which different factors influence people with different cultural backgrounds. This paper seeks to answer the following question:
Free Culture Cross-cultural communication Advertising
Cross-cultural communication has been an integral component of business in recent decades‚ as globalisation has created a situation where countries depend more and more on each other (Asgary & Walle 2002). Achieving this has been through the use of both verbal and non-verbal communication. Both these forms of communication have their advantages as well as their shortcomings‚ but are necessary in order to communicate in the current globalised world. Achieving successful‚ effective cross-cultural communication
Premium Communication Cross-cultural communication
"We didn ’t all come over on the same ship‚ but we ’re all in the same boat."- Bernard Baruch Cross-cultural communication is the process of exchanging meaningful and unambiguous information across cultural boundaries‚ in a way that preserves mutual respect and minimizes antagonism‚ that is‚ it looks at how people from differing cultural backgrounds endeavour to communicate. The study of cross-cultural communication was originally found within businesses and the government both seeking to expand
Premium Cross-cultural communication Communication Intercultural competence