The Importance Of Culture In Business

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Culture plays a vital role in the efficiency of any given organization.there are different types of organizations ranging from a global organization, transnational,internationalandmultinational corporations.business environment of a business can be categorized as the legal environment, political environment, cultural; and economic environment. Each of the environment affects the efficiencies of a corporate in any given set up. Culture has been difined differently by different schoolars. Culture can be defined as the way of life of group of people(Foster 1962).managers should continuously monitor the environmental variables in their jurisdictions they operate.legal environment encompasses law affecting running of firms, patent and trademark …show more content…

Cultural differences are more profound among foreign employees working within same multinational firms than those working for their native countries.cross-cultural management trains people to work in firms with employees and client population 's from several cultures(burke 1983).it describes organizational behavior within countries and seek to understand and improve the scope of domestic management 's and enhance international and multicultural interaction 's among employees.cultural diversity is a synergy that can improve efficiencies of a firm.therw are strategies that can be employed such as parochial,ethnocentric and synergistic .culture diversity brings organizational cultures which define how a firm operates.its made of values which are specific for a given country.it determines the present and future behaviours of members of a firm.the leaders create a vision or a philosophy and business strategy for the company.the employees then react and behave guided by the implemented philosophy.organizational culture directs the firm to derive goals, strategies and how to achieves the set goals .organisation culture dictates innovations, creativity,reward methods, communication channels, respect for others.according to the theory of competing value framework organisations can be grouped as a clan, adhocracy, hierarchy or a market.in clan type, leaders are facilitators, mentors and parents.it encourages cohesion and proper development human resources.in hierarchy type,

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