COMPARATIVE MANAGEMENT SUMMARY ESSAY

Document Type:Essay

Subject Area:Management

Document 1

They should be willing to facilitate communication and cooperation in the company to achieve their objectives. Different cultures employ different management styles. Therefore a judicious global manager should quickly and smoothly adapt to these styles to ensure smooth running of affairs. One would argue that since charity begins at home, as business students privileged to be in a diverse cultured class; with students from Russia, China, Vietnam, Thailand, Indonesia, India and Uzbekistan, we should use this opportunity to learn from each other to prepare ourselves as future global business leaders. The field of business avails the opportunity of new learning and thinking through travel and the exposure serves to improve oneself not only on a personal level but also in one's career.

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A case for capitalism can be made on the basis of the freedoms it allows but when it comes to developing countries where resources are unequally distributed, it can lead to wider economic gaps. This aftermath is evident in my country, Indonesia. Business students should ponder on responsible ways to become good global citizens. Ethical approaches need to be taken in corporate social responsibility programs within organizations. The idea of philanthropic capitalism is admirable and therefore should be promoted. The analysis of variations of capitalism according to social systems allows the identification of the role culture plays in comparative management. This comparison is holistic in nature and includes the Redding model which is an economic development model. Another model is the environmental model which introduces an idea of the connection between external factors and management style.

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The open system model states that management process would be the same if cultural factors were similar across different markets. The adapted comparative management model recognizes the importance and role of culture in management. One needs to consider long-term view of goals and the world. Many of these lessons from Germany's strict approach can be transferred to one's personal life too. The understanding of different approaches in different European markets i. e. strict and lax allows a manager to employ the most effective management style. Although their management styles are organized, they are characterized by favoritism since those higher in the chain tend to reward loyalty. Also, there is a higher degree of government intervention in the markets which stifles competition and free market.

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