This essay focuses on Effective multinational corporation managers. new product development, market expansion, and sales campaigns, cultural norms have significant impact.
STATUTORY MINIMUM ANNUAL DAYS LEAVE
United States 0
China ≤ 10
South Korea ≥ 15
Russia ≥ 20
Brazil ≥ 20
France ≥ 24
A central part of any business venture is decision making. Every executive and manager, regardless of culture, must continually weigh a range of variables and decide on the best course of action. In a globalized organization, culture takes on added importance in decision making. In diverse contexts, such as personnel management, new product development, market expansion, and sales campaigns, cultural norms have significant impact. Global managers must weigh cultural variables for both domestic and international markets while managing cultural differences among employees, clients, and any other stakeholders. Globalization has also increased awareness of the role of culture in the decision-making process. Effective multinational corporation managers must understand who makes decisions and how those decisions are made. Table 10.4 compares decision-making styles in Northeast Asian and selected Western cultures.