As PepsiCo and Riordan work in many areas across the world, understanding this helps define the different personal value patterns and effectively work toward cross-cultural teams to bridge the gaps. As PepsiCo continues development globally, somber issues arise as international commerce differs from domestic commerce. Given that an establishment working across boundaries must contract with the forces of domestic, foreign, and international power that persuade the existence, and expansion of a company. PepisCo issues include the controllable and uncontrollable forces influencing trade. These forces encompass raw materials, instant capital, and people.
By doing this then the Company Q leadership can institute changes corporately as well as locally because they would then have an understanding the unique situations that each store has to contend with in each of the different communities. An added benefit of Company Q establishing and instituting a culture of social responsibility, will be in recruitment of talented individuals who are looking for companies that understand the importance of social responsibility in the communities in which they
Goal setting develops, negotiates and establishes targets that challenge individuals. If challenging goals are set, moderators are set and mediators are set performance is increased. Allstate’s key question is “How do you take this workforce of differences and bring them together in a more powerful way so that it can impact business results?” The answer was, by creating a system that works for everyone; they began by setting goals. This strategy begins with a diverse team of employees assigned
In today’s market climate, companies have had to increase their consciousness as to what really matters. The market is demanding more and more that organizations account for the interests of not just shareholders but all stakeholders. Team members, shareholders, customers, vendors, the environment and society’s interests must be in the forefront of consideration of all companies wishing to stay relevant in today’s market and workforce environment. This in more than just the right thing to do, it is an operational imperative that offers significant ROI to a business’ bottom-line. Companies must view themselves as part of an ecosystem; one entity in an interdependent interconnected environment.
In the last 30 years or so, business communications have taken a definite global turn. Business relationships and communication are important on a global scale and understanding the others culture is an important part of knowing how to communicate effectively. Knowing the particular culture of those you are attempting to do business with can make a real difference in how business is conducted and the success or failure of your attempts. Through research, Geert Hofstede noticed differences in national cultures in 5 basic areas: power distance, individualism vs. collectivism, uncertainty avoidance, masculinity vs. femininity and long term vs. short terms orientation. Having an understanding of these differences and the part they play in cross cultural communications allows a business professional to be able to adjust their style of doing business to better mirror the way the other nation does business.
External factors of influence are the stakeholders. They are a fundamental part of the company’s social responsibility. Stakeholders provide their expertise in areas where the company lacks experience. They serve as the eyes and ears in communities where we may not have direct visibility into sensitive issues. “Time and Time again, we have seen how listening to a diversity of voices has brought us closer to our goals— for our company and for the workers who produce our product” (gap Inc).
Building an organization by grouping jobs into work units and allocating resources C. Identifying business functions and mobilizing leaders D. Being flexible and responsive towards customer needs and the competitive environment Correct! The correct answer is: D. A dynamic organization is, “flexible and adaptive, particularly in response to competitive threats and customer needs” (Bateman & Snell, 2011, p.16). 15. For today’s managers, the organizing function requires a higher focus on which of the following? A.
Case Analysis #2 "Verizon Is Creating a Culture that Focuses on Shareholder Value" Kevin Keating Using the competing values framework as a point of reference, it would appear that Verizon’s current organizational culture is a clan. One reason for concluding this would be the fact is that Verizon has invested the time and the resources to educate the workforce. By having the Learning and Development Organizations support each business unit( Management: A Practical Introduction, Kinicki/Williams McGraw Hill ,”Management in Action” page 257), it is training its people to increase the number of subject matter experts within the corporation. Furthermore, by having multiple skill sets its employees should find it easier to communicate, collaborate and, therefore, find it easier to come to a consensus on any given assignment or problem. Verizon is moving toward a combination of Adhocracy and Market Cultures.
Abstract Diversity and cultural acceptance is a must in our current age and time. People all over the world want to live and do business with individuals that are diverse and culturally competent. With companies and families growing and changing as the global economy requires there is a larger need acceptance and empathy. In our work community we work with many different types of people from many different walks of life. The learners paper was written to describe how the understanding of diversity and diversity consciousness.
To gain the most value from a diverse workforce, employees as well as management must gain knowledge and understanding of different races and cultures. Technology enables a cost-efficient method of helping promote such knowledge and understanding. Multimedia video presentations focusing on different cultures and races employed by a company can go far in promoting such education. So, too, such presentations can be viewed by employees and management when it is most convenient or even from