July 30, 2009

Cultural Challenges for Business Success

Across cultural lines there are many challenges, some of which will be harder to overcome than others. Although I think the language differences could be factors in competition and business success there are so many tools and resources available to get past that today I think the language difficulties will be minimal if at all. I think of greater concern will be the differences in business ethics and personel practices. From one culture to another the way employees are treated and compensated can vary greatly and this can in turn cause major challenges for organizations seeking to compete globally. For any organization wanting to compete there needs to be a concerted effort in making sure the organization is treating it's employees respectfully and when that causes costs to be higher companies need to be creative on how to limit the effect on providing cost competitive products/services to it's customers.

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