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Analysis of business and management challenges in cross culture

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Added on  2020-01-15

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International Business Management & Ethics INTRODUCTION 1 Overview of Macro level factors of the Netherlands 2 Comparison of Netherlands and Lebanon on the basis of Hofstede's work 3 Critique of Hofstede's work in terms of macro level5 Analysis of business and management challenges in cross culture 5 CONCLUSION 6 REFERENCES 8 Illustration Index Illustration 1: Comparison of Netherlands and Lebanon on the basis of Hofstede's Theory3 INTRODUCTION: Cross culture is an important element for international business and its

Analysis of business and management challenges in cross culture

   Added on 2020-01-15

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International BusinessManagement & Ethics
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Table of ContentsINTRODUCTION...........................................................................................................................1Overview of Macro level factors of the Netherlands.......................................................................2Comparison of Netherlands and Lebanon on the basis of Hofstede's work....................................3Critique of Hofstede's work in terms of macro level.......................................................................5Analysis of business and management challenges in cross culture.................................................5CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................8
Analysis of business and management challenges in cross culture_2
Illustration IndexIllustration 1: Comparison of Netherlands and Lebanon on the basis of Hofstede's Theory..........3
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INTRODUCTIONCross culture is an important element for international business and its success. It helps inthe interaction of different people from diverse backgrounds. Many international companies havebeen training and developing their employees to form positive culture in the organisation (Kolk,2016). The report focusses on Clever Clogs International Company which has planned to expandits operations to Amsterdam, Netherlands. They have decided to train the manger who would begoing to Netherlands from Lebanon. So, it would be beneficial for the manger to understand theculture of that particular place. Clever Clogs International is a finance company which providesmanagement advices and consultancy to other companies.Netherlands have experienced reduction in international barriers in financial servicesindustry. There has been large number of mergers in financial industry which has made them orecompetitive (Economic department, 2013). For example, ABN-AMRO, Rabobank, ING andAEGON were also created from mergers. These mergers enabled the banks to carry on largeroperations in the country. Among all financial institutions, pension funds, insurance andfinancial auxiliaries had the major domination (Alt, Díez-de-Castro and Lloréns-Montes, 2015).The entire financial industry was befitted from the globalisation as their major activities weregiven to private sectors. It has allowed Netherlands to improve their position as main tradegateway for Europe. The consumers have also been benefited because of cheaper imports andemerging economies (Hatten, 2015). The entire framework of private sector has been changedand it has been refereed to as 'economic agenda'. As an executive in finance industry,Netherlands is a competitive place to do business. It is a central location to cover markets likeEurope, Africa and Middle East. It has modern infrastructure and fiscal business environment tosupport Clever Clogs International company. But it has complex legal, tax and regulatoryrestriction which can become a hurdle for the new company (McAdams and et.al., 2015).Furthermore, there is no public registry in place which makes credit difficulties. There are alsomany fiscal policies and nine tax payment which can be very troublesome for a new company.The culture in Netherlands is supportive and most companies follow a flexible structure oforganisation. The major challenge that companies are facing in Netherlands are increasing EUtrade barriers, export regulations and economic sanctions (Yawar and Seuring, 2015). As aresult, DSM and Shell are facing challenges in financial industry.1
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