[Solved] Wto International Monetary
Course: Culture & Organizations
What evidence is there to support the view that a common business culture is spreading throughout the world? Consider factors such as economic and political systems, globalization, the improvement of computers and communications, cross-cultural institutions, and education.
In your Subsequent Posts, respond thoughtfully to the posts of at least two other students.
Back up all opinions with the readings and outside research in academic journals at the KU online library.
- 250 word minimum for initial post
- Include at least two references
- Respond to two learner’s initial post.
KU online library: https://keiseruniversity.libguides.com/home/home?preview=afb5d66ab3b853fa361847ea7dfda322
Reference requirements:
2020-2023 (Peer Review)
APA format
What are the elements of a good Discussion post?Consider the following for each post you make:
- Take a position and persuade your peers by including relevant points from the lectures, text and other readings
- Cite your references to include texts, web site addresses, periodicals, etc.
- Include relevant personal experience with applied content
- Organize your responses logically by including:
- If you discover conflicting points of view in the readings or between the readings and the lectures, describe the various points of view and cite their source
- When responding to classmates, try to add clarity to what’s already been presented by adding your own experience and/or knowledge
- Reply to the responses you agree with by adding support or clarifying the point of view; do not merely acknowledge your agreement
- Reply to statements you disagree with by presenting counter-arguments
- Always communicate respectfully
- Remember that the goal of the discussion is to achieve specific learning outcomes. Try to be both subjective and objective in your point of view. It will help you clarify your position and can make discussions more stimulating.
Student reply 1:
There are indications that a common corporate culture is emerging, although one that prioritizes cultural diversity. The first piece of evidence is the growth of globalization, the establishment of free trade blocs at the regional level, and the rise in membership in the World Trade Organization. Growing research points to the expansion of international trade as a means of reducing cultural boundaries. In an effort to better comply with the demands of globalization, organizations are fostering a diverse culture among their ranks.The second piece of evidence is the growing use of standardization in exchange rate regimes by nations. The companies used to standardize cross-border business transactions with third parties. The final piece of proof are the internationally renowned educational programs. People with education from other countries are employed by organizations all over the world. Moreover, those in employment take on assignments abroad to gain fresh business knowledge. It results in process standardization. The fourth piece of evidence is the growth of value chains and their cross-border integration via ERP. Business networks are being created by organizations like SAP and Oracle using cutting-edge computers and software. In addition, a certain degree of standardization is required in order to participate in the value chain.However, the organizations must adapt to the local environment’s cultural differences. It will raise the rate of success. Thus, even if companies adhere to a similar corporate culture, they may also incorporate some local cultural elements.
Tektigul, Z., Bayadilova-Altybayeva, A., Sadykova, S., Iskindirova, S., Kushkimbayeva, A., & Zhumagul, D. (2023). Language is a Symbol System that Carries Culture. International Journal of Society, Culture & Language, 11(1), 203-214. https://0624a4iq5-mp01-y-https-doi-org.prx-keiser.lirn.net/10.22034/IJSCL.2022.562756.2781
Oe, H., Yamaoka, Y., & Ochiai, H. (2023). Personal and Emotional Values Embedded in Thai-Consumers’ Perceptions: Key Factors for the Sustainability of Traditional Confectionery Businesses. Sustainability, 15(2), 1548. https://0624a4iq5-mp01-y-https-doi-org.prx-keiser.lirn.net/10.3390/su15021548
Student reply 2:
COLLAPSE
Good morning, Professor and Class,
The rise of globalization has interconnected economies and industries worldwide. Businesses are increasingly operating on an international scale, leading to the adoption of common practices and standards (Wenzelburger, G., 2018). The shared global marketplace necessitates a level of cultural understanding and adaptation, fostering a universal business culture. Many countries have embraced market-oriented economic systems. Capitalism, with its focus on profit, competition, and efficiency, has become a dominant force in shaping business cultures globally. Additionally, the spread of democratic ideals in governance has facilitated a business environment that values transparency, accountability, and adherence to certain legal and ethical standards.
Technological advancements in computers, the internet, and communication tools have significantly contributed to the dissemination of business practices (Evi, A. A., & Santoso, W. A., 2022). This has led to the rapid exchange of information, best practices, and operational models across borders, thereby homogenizing certain aspects of business culture. Following, various international organizations, such as the World Trade Organization (WTO), International Monetary Fund (IMF), and World Bank, have played significant roles in promoting common business practices and regulations. They establish guidelines and agreements that encourage a shared understanding of business practices and standards.
Business education has become more standardized and widespread, often incorporating global perspectives into curricula. This facilitates the transfer of knowledge about best practices, management strategies, and ethical considerations, contributing to a more uniform business culture (Jean-Philippe Robé., 2022). Businesses operating in different parts of the world often adapt to local customs and norms while still maintaining certain global standards. This leads to a blend of both local and global practices, contributing to a common understanding and approach to conducting business.
Bilateral and multilateral trade agreements between countries often include clauses that promote harmonization of business practices, intellectual property protection, and standardization of regulations, furthering the integration of a common business culture (Kalemci, R. A., 2023). However, it’s essential to note that while these factors contribute to the development of a common business culture, there are still significant differences in business practices, management styles, and ethical perspectives across various regions. Local cultures and traditions continue to influence business operations, and while there’s a trend towards global convergence, there are also persistent localized variations in business approaches.
References:
Wenzelburger, G. (2018). Political Economy or Political Systems? How Welfare Capitalism and Political Systems Affect Policies in Nations. Social Policy and Society, 17(2), 209-226.
Evi, A. A., & Santoso, W. A. (2022). THE POST-TRUTH PHENOMENON INFILTRATING THE US POLITICAL SYSTEM, MEDIA, AND POPULACE: THE CRITICAL THINKING ANALYSIS. Journal of Liberty and International Affairs, 8(2), 87-107.
Jean-Philippe Robé. (2022). Property, corporations, and constitutionalisation in a global political economy. European Law Open, 1(4), 891-913.
Kalemci, R. A. (2023). Re-Globalization New Frontiers of Political, Economic, and Social Globalization., 25(3), 284-287.
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