Tuesday, May 5, 2020

Goals and Business in Multicultural Environment for Strength

Question: Write about theGoals and Business in Multicultural Environment for Strength. Answer: What is my strength and where I belong? The strengths of any person cannot be quantified singularly by anyone. The analysis needs the perception of others in the field the people believe they are superior in (Stahl Brannen, 2013). I am a student pursuing the degree of masters in Professional accounting in the Federation University, Australia. I have always dreamt of being an entrepreneur in the business industry. From the very beginning of the time since when I understood the conception of being passionate about career and aiming higher in what attracts me to take up in the future, I started thinking of taking up the business. I have grown my comprehension and have a good theoretical knowledge about the different sectors of business. The ways in which varied business operate, how to manage the customer base and how the economy of the business should be managed are some of the topics that I have considered important and learned about the different attributes associated with it, as it is known that, whatever knowledge a person has is never enough. Till the end of the life people gain it but can never have it in totally as knowledge is an infinite term. As I am a student presently, I cannot get analyzed in a real business set up, the only way that my strength can be analyzed is by the theoretical knowledge that I deliver in the classes and examinations. The professors and tutors under whose supervision I have been throughout my degree course have given me an insight about my concept base and the way I can further improve my skills to be a successful business man. I am very positive about the attributes I have inculcated in me and wish to deliver my capabilities to the customer base I serve after setting up my own bu siness in the near future. What are the needs that are critical for impressive management of business in a multicultural environment? In the modern times, the presence of different castes, cultures and creeds has increased as a result of globalization. The people who are looking forward to setting their own businesses, need to emphasize in managing their setups in such a way that all the customers, irrespective of their cultural attributes, get the benefits that the set up offers (Lauring, Selmer, 2012). The primary requisite of a developing business in such scenarios is to work on building their relationship with all the customers of different cultures. This can be fulfilled by commemorating the different communication features of the groups. The people who are participating in the business setup should feel that they are being respected and understood by the business personnel (Christopher, Bartlett Beamish, 2014). Diversity in the culture has a huge effect on the business, it increases the challenges that the personnel already deal with, as the customers of different cultures have different beliefs, needs and require to be communicated in unique ways. The needs of the requirement of specific community base when fulfilled, increases the faith and belief of the customers on the setup. Such inculcation attracts people of multiple cultures as they seek understanding from the setups. The values of the customers should also be respectively taken care of, as it is the base of building a relation with people (Dube Ngulube, 2012). The next important attribute of the varied cultured customer base that should be taken under consideration is being patient with the behavioral aspect of different cultures. People of varied cultures have specific behavioral aspects like some groups are loud in nature and some are harsh, these aspects are general among certain specific groups. The experience of such customers with distinct behavior should be benevolently handled to avoid discrepancy (Parhizgar, 2013). Providing the people with a friendly and comfortable environment is another feature which should be commemorated. Management of any set up is in itself an intricate task. The primary essentials of a business are complex enough to be given at most importance and time. The cultural attributes of the multiple cultural base of a country if understood and analyzed by the business personnel in the ways discussed in the paragraph, decreases the time taken to deal with the customers (Li, 2013). Higher the satisfaction of the customers, better the productivity of a setup. References: Christopher, A., Bartlett, Beamish, P.W. (2014).Transitional Management: Text, Cases and Readings in Cross-Border Management(7th ed.). New York: McGraw-Hill Education. Dube, L., Ngulube, P. (2012). Knowledge sharing in a multicultural environment: challenges and opportunities.South African Journal of Libraries and Information Science,78(1), 68-77. Lauring, J., Selmer, J. (2012). International language management and diversity climate in multicultural organizations.International Business Review,21(2), 156-166. Li, K., Griffin, D., Yue, H., Zhao, L. (2013). How does culture influence corporate risk-taking?.Journal of Corporate Finance,23, 1-22. Parhizgar, K. D. (2013).Multicultural behavior and global business environments. Routledge. Stahl, G. K., Brannen, M. Y. (2013). Building cross-cultural leadership competence: An interview with Carlos Ghosn.Academy of Management Learning Education,12(3), 494-502.

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