Cross Cultural Management

Cross Cultural Management

Cross Cultural Management


J. W.
This flashcard set explores the complexities of managing cultural differences in a global business context at a university level. It delves into various models and strategies for decision-making, corporate social responsibility (CSR), and leadership approaches, highlighting the importance of understanding cultural nuances. Managers and leaders aiming to navigate international markets and foster inclusive, innovative teams will find this flashcard set particularly valuable. It covers key concepts like the AAA Global Strategy Framework, the Uppsala and Born Global models, and the significance of cultural layers in communication and business practices.
Flashcards
46
Students
2
Language
English
Category
Micro-Economics
Level
University
Created / Updated
01.01.2022 / 02.05.2022

Flashcards

What does the ERPG Framework stands for?

E – Ethnocentric (decision made at HQ, no adaptation, domestic market drive international strategy) Harley
P – Polycentric (every market is uniqueness, equally importance to every market, subsidiary have decision-making autonomy) MC Donalds
R – Regiocentric (Regional strategy and culture, regional autonomy in decision making,) Adidas
G – Geocentric (global approach, nationality is ignored, global mindset,) Intel

What does the AAA Global Strategy Framework stands for?

• Adaption (Tailoring products to suit local preferences)
• Aggregation (economies of scale by regional/global efficiencies)
• Arbitrage (Exploiting differences rather than adapting them)

Name three different strategys for managing cultural differences

• Ignore (Ethnocentric, top-down, efficiency, cultural assumption = irrelevant)
• Minimize (Regiocentric, top-down or bottom-up, adaptability, cultural assumption = a problem/threat)
• Utilize (Geocentric, all channels, Synergy, cultural assumption = opportunity, advantage)

Due to the HBR Article "Leaders Can Adapt top uncertain times" Covid-19  had a major impact on how people work and HR Manager need to adjust to it. What is the recommended solution?

• Shifting from complicated to complex
• Foster a trust culture
• Make your company values foundational:
      o Value: Communication
      o Value: Trust
      o Value: Employee engagement

What are the three different strategys to implement CSR

Global CSR Approach

Transnational CSR Approach

Local CSR Approach

Doe to the HBR Article "Coronavirus is Putting CSR to the Test by Mark R.Kramer" companies can prove their CSR capabilites now with corona to which parties?

Employes

Small Suppliers

Health Care

Communities