Global Socio-Cultural Issues
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What are some issues and trends in global socio-cultural issues? Why must a company be sensitive to the socio-cultural environment within the host country? What impact does socio-cultural sensitivity have on a company's operations or sales within a host country?
What are the major staffing policies that Global Organizations should consider? How should an organization chose among these staffing policies? How do you assess the impact of implementing a specific staffing policy?
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Solution Summary
The solution outlines global socio-cultural issues and why a company must take heed of them, explaining how they can affect operations and sales and how a company can fit their strategy to successfully maneuver around such issues. 785 words.
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What are some issues and trends in global socio-cultural issues?
Some of the issues which govern the global socio-cultural environment is the understanding of the local culture and culturally sensitive issues, business practices and customs, local preferences, current state of political and legal environment, policies and attitude towards foreign owned companies in different countries and regions, etc. In order to successfully expand in international markets, such issues need to be observed and analyzed before expanding operations. Some of the latest trends which have been observed in the global socio-cultural arena is the increasing attention paid by global companies which are expanding into offshore locations to local tastes, preferences, business cultures, etc. Such companies are making an extra effort and spending money to teach their executives about the global socio-cultural issues pertaining in different regions. The dramatic and sudden changes happening in global socio-cultural environment is increasingly making the life difficult for multinational corporations to operate in different regions of the world.
Why must a company be sensitive to the socio-cultural environment within the host country?
A company must be sensitive to the socio-cultural environment in the host country to ...
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- BCom, SGTB Khalsa College, University of Delhi
- MBA, Rochester Institute of Technology
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