The Cost Of Overlooking Culture - 771 Words

The cost of overlooking culture is hard to quantify, but it can be substantial. Evidence suggests that companies that make even moderate adjustments to selection, training, and work design systems based on national cultural value differences in a normally functioning organization are likely to yield improvement in performance. This may translate into several million dollars of additional revenue annually for medium-sized organizations. More importantly, if management systems are devised without regard for culture or blindly generalized from one cultural environment to another, the result is often conflict, misunderstanding, dissatisfaction, undermined morale, and high turnover. The productivity losses due to this can easily lead to a complete business failure (2). This idea seem to be lost on DF who appear confrontational and unwilling to compromise their positions in the JV. Analyzing the individual perspectives of the individual player’s i.e. Francisco Alvarez, Yannis Costas, Mikael Sodergran and Geoff Dryden we find that their national cultures plays into the roles that play out in this case. Several unique characteristics of the Spanish, Greek, Finnish and American cultures, which influences the values, beliefs, attitudes, approaches and communication styles of the key individuals involved come to bear on this case are shown in the Exhibit.1. Francisco Alvarez from TLSA is an archetypal Spaniard who focused on getting to know Bennett before doing business with him.Show MoreRelatedSlade Plating1667 Words   |  7 PagesMichigan area. Employees typically start a few dollars above minimum wage, with small increases given over time based on seniority and skill. In addition to the low pay, working hours in this department are long. To keep employee training and benefit costs down, the Slade Company practice is to increase overtime rather than hire new employees. Pay is an extremely important issue not just to the Slade employees but to any employee. The low pay has created an atmosphere promoting the unethicalRead MoreThe Factors That Created A Climate833 Words   |  4 Pagesa candid exchange of ideas and opinions are o Poor team building- A cohesive team unit wasn’t formed by Fischer Hall or the guides. The root cause of some of this decision may have been the selection of team members and the Fischer and Hall overlooking Booukreev’s advice. According to Roberto and Carioggia[1], â€Å"experience is overrated, it’s not the altitude, that’s important, it’s your attitude. Throughout the journey to the base camps, the team’s input wasn’t solicited. rs. 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