Modern World of Business Management Research Paper 2022

Running head: MANAGEMENT
Management
Name of the Student
Name of the University
Author Note

MANAGEMENT1
Table of Contents
Introduction:...............................................................................................................................3
Discussion:.................................................................................................................................3
Strengths:....................................................................................................................................4
Weakness:..................................................................................................................................5
Improvement Plan:.....................................................................................................................6
Conclusion:................................................................................................................................8
References:...............................................................................................................................10
Bibliography:............................................................................................................................11

MANAGEMENT2
Introduction:
The significance of the self –analysis in the modern world of business is observed to
increase in a notable manner as it has the potential to provide the much required scope to the
individuals for evaluating their strengths and weakness (Bridgstock 2009). With a precise
focus on the competitive business environment and a toughly contested labour and
employment market, it becomes important for the individuals to analyse their own
competency so that they have a clear idea of their competitive advantage over the competitors
(Cameron and Dutton 2003). Along with this, the self- analysis provides a clear scope to the
individuals in gaining the idea of their weakness so that they can improve their capability for
conducting sustainable business in the modern world of business (De Vos, De Hauw and Van
der Heijden 2011). The paper is focused in the elaboration of my capability as an individual
working in the position of the bank supervisory officer of an Indian bank’s branch placed in
Maldives. The paper provides a crucial assessment of my strengths and weakness with a
precise focus on my capability in dealing with the cultural differences and the individual
differences. With a precise focus on the weakness, the paper formulates a set of activities that
have the capability to improve my skills in dealing with the cultural differences.
Discussion:
Chen, Wang and Chu (2011) claimed culture to be the knowledge and the
characteristics of a group of individuals where the knowledge includes the various factors
such as the religion, arts, music, cuisine, language and social habits. According to Ang et al.
(2007), culture can be considered as an important factor that has the capability to categorize
individuals and different social groups on the basis of the social beliefs, ethnicity, language
and the life style. The elaboration of the culture can be represented with the examples of two
different culture groups such as the western and eastern. Considering the way in which the

MANAGEMENT3
individuals lead their life style, the difference is pretty prominent. The individuals from the
countries that show the reflection of the eastern culture are observed to be largely collectivist
in nature whereas the countries that are representing the western culture are observed to be
more inclined towards the individualism aspect.
Considering the individual differences, it is pretty prominent that a large number of
individuals across the globe, are different on the basis of various factors such as the social
belief, values and language. Along with this, the implications of the various soft skills in
differentiating the individuals is observed to be high as well (Ackerman and Heggestad
1997). With a precise focus on the factors such as the interest towards the ethical practices,
strong interpersonal communication skills and emotional intelligence, the individuals are
observed to be different from each other.
Strengths:
Considering the concept of the diversity management, I have the capability to
promote the diversity amongst the groups that I have managed. I consider that it is important
for me to respect the cultural differences between the individuals and that is pretty prominent
with the scope that I provide to my subordinate employees in celebrating their culture. I feel
that it is important for me to enable those individuals in achieving a workplace where they
can work in a free flowing manner as that is necessary for increasing their involvement
towards the organization. Hence, my capability in executing the diversity management
activities are expected to be considered as my strength as an individual.
Being an individual representing the eastern culture, I am more inclined towards
accepting the inequality amongst the individuals and the unequal distribution of power
amongst the individuals has low significance for me (Hofstede-insights.com 2019). However,
I have the capability to manage the individuals, having a different point of view regarding the