Shareholders Election Company shall be committed to enhancing shareholder value and complying with all regulations and laws that govern shareholder rights. The board of directors of this company shall duly and fairly inform its shareholders about all relevant aspects of the company’s 1 business, and disclose such information in accordance with relevant regulations and agreements. Values Leading change ,integrity, respect for the individual, excellence, learning and sharing Building cultural understanding and awareness
Hefted proposed a general framework for building the competences required for operating in a cross-cultural basis. This may be summarized as: 1. Building awareness * of own culture; * of cultural differences. 2. Developing knowledge: * of the impact of cultural differences; * of the relative strengths and weaknesses of different cultures in a managerial setting. 3. Building skills: * identifying the impact of different cultural settings for managerial problems adapting behaviors to achieve effective results in different cultural settings * b
Cultural differences India -Traditional Caste System -Fatalism -Collectivism -Religion is a way of life -Financial channels are from friends ; family -Main religion is Hinduism -Main language is Hindi * Pakistan -Hierarchical Society -Main religion is Islam -Follow basic of business etiquette’s -Negotiation is the priorities in business -Business card is a must * Bangladesh -Developing relationships -Business entertainment is important -Exchanging favors -Punctuality is important Pdp Soot Analysis By Spirogyra * Indonesia -Hierarchically structured Manager allocates tasks and making decisions -Promotions & selections are based on relationships -Connections with the government & organizations is a key to success -Hold of bureaucracy Japan Lifetime employment -Regard of individuals -Hierarchy based on consensus and cooperation rather than top-down decision -Long-term business relationships -Decision making is participative * The first level talks about the organizational attribute that can been seen, felt and heard by an outsider. These attributes include offices, facilities, presentation of an organization etc. * The second level expresses the values of organization’s members. For example the customer service level of its staff or the interpersonal behavior demonstrated by the staff. * The next level deals with the elements of the organization that cannot be seen or simply cannot be pointed out in daily interactions among organization members. * http://www. Indian-Sherwin. Co. UK/guide_managing_change/HTML_overview/ 05_culture_handy. HTML * This is characteristic of organizations which are involved in extensive research and development activities they are much more dynamic. They are constantly subject to change and have to create temporary task teams to meet their future needs. Information and expertise are the skills that are of value here. The culture is represented best by a net or lattice work. There is close liaison between departments, functions and specialties, liaison, communication and integration are the means whereby the organization can anticipate and adapt to change quickly. ( Charles handy,1985)
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