Shanghai Financial Report: Cultural Issues and Communication

This report delves into the cultural aspects influencing businesses, particularly in Shanghai's financial sector. It highlights the importance of organizational culture and its impact on customer and supplier relationships. The report examines critical elements such as communication strategies, initiation problems faced during international expansion, language barriers, and employee supervision. It emphasizes the need for businesses to adapt to local cultures, establish effective communication channels, and develop strong partnerships. The report also discusses challenges related to employee management and ensuring consistent productivity across different geographic locations. The conclusion stresses the significance of strategic planning, identifying performance gaps, and adapting business practices to ensure success in international markets, as well as ensuring that the company can understand customer preferences.

Shanghai financial

INTRODUCTION
 Culture is regarded to be one of the prominent aspect of every
organisation. An Organisation when working in the prospect of
growth will have few entities to imbibe as well as to incorporate
such that the operations of the organisation will be performed in the
better possible manner.
 For an organisation to be recognised by community as well as the
customers or the suppliers it must possess few types of unique
qualities and one such is culture.
 The entire report deals with the cultural issues that pertain when an
organisation is dealing with other probabilities. Every factor that is
to be considered is put forth in this report.

Culture
 Cultural issues when an organisation has expanded its
base into another country then there will probably be
cultural barriers that occur because of its operation in
another country.
 When the company is operating in another country it must
imbibe all the qualities of being one of the best and will
have to attract more number of customers.

Communication
 Communication is one of the most important organisational
qualities and that is to be processed by every employee in
the organisation.
 Without communication the operations of the organisation
cannot be performed and results cannot be obtained. When
the company is moving ahead with the target and its
objectives then employees will have to communicate with
each other.
 This communication is in regards to the organisational
management as well as to the employees (McQuaid and
Landier, 2018).

Initiation problem
 The organisation when expanding into another country for its
Global existence then it will have to be ready to face challenges
with regard to its adjustment in the country that has expanded.
 Not all places or regions in the expanded country will allow the
organisation to sustain. There must be proper initiation and
partnership that is to be developed by the organisation such that
the organisation can have a base in the country it has expanded.
 For this the organisation will have to look for local partner and
will have to get into partnership with them to understand the
customers perception and based on that it can move ahead with
strategies of its own later (Mercon-Vargas and et.al, 2018).

Language-
 Tradewind tend to be operating within a market area which
is being full with some of the biggest market competitors
and due to which in order to maintain efficient economic
growth.
 Company tend to extend its operations within the overseas
market, through which it is being able to make several
efforts, by which diversity within customer base is being
accomplished.
 However this is not as each as it is being said because in
order to penetrate the chosen market place, Tradewind has
to ensure that it is being able to understand the changes in
customer’s buying preferences.

Over supervising
employees-
 Tradewind also tend to perform several operations and due to which
it is having a large number of employee workforce. Now since
company tend to provide its financial services to the customers at
different geographic location as well. \
 Therefore company has to guarantee that uniform level productivity
level is being maintained, with which a high work productivity can
be accomplished. Through this approach organization can ensure that
it is being able to maintain a high level of work productivity and also
at the same time implement innovative approach within the working
range.
 Through which it can ensure that it is being able to make
concentrated efforts to fulfil customer requirement by which they
can be ensured that their specific work requirement is being fulfilled.

CONCLUSION
 It is being concluded that companies may tend to
make several efforts to increase to increase its
geographic location, by which high sales is being
achieved.
 But also at the same time organization has to ensure
that it is being able to develop a proper working
strategy by identifying the performance gap.

REFERENCES
 Krazynski, P., 2020. Tradewind’s International Expansion–Past and
Present.
 McQuaid and Landier, 2018. Cultural issues in medication
adherence: disparities and directions. Journal of general internal
medicine. 33(2). pp.200-206.
 Mercon-Vargas and et.al, 2018. The development of the virtue of
gratitude: Theoretical foundations and cross-cultural issues. Cross-
Cultural Research .52(1). pp.3-18.