Evaluate the factors necessary for a successful multicultural Essay

Evaluate the factors necessary for a successful multicultural workplace - Essay Example How can we enable excellence at work and leverage on the diversity of culture, given the practical challenges brought about by human differences? While there are multiple factors which influence, impinge upon and determine the extent of success of any workplace, here we examine only those factors that have a bearing on the cultural aspect of the divergence. We also examine the challenges specific to a multicultural workforce and examine the factors that are necessary to make a success of the business operations in such an environment. Business is about people. A well-adjusted and satisfied workforce is the corner-stone of a successful business. A business or a transaction is largely, if not wholly, dependent on communication, which, as we will examine more closely later on, is almost inseparable from the underlying culture of the people involved. This is why it is of essence to understand this fact and hence expend effort towards creating a work culture that utilizes and thrives on the divergence of its workforce rather than allow the differences to create problems leading to an ineffective working environment. Culture in inherent. We live it, breathe it, represent it, but take it for granted. We are almost always affected by the underlying influence of culture but most of the time not conscious of it. Culture not only dictates how we live and behave, it also intrinsically determines the patterns of our reaction to people from other cultures. So what is culture then? Summarizing the many, varied and meaningful definitions, culture can be understood to be the window through which we view the outside world. It is the looking glass which colours what we see around us. It is the primary determining factor on how we speak, behave, work, grow and react to the world around. In the context of business, culture determines our practices and business communication. Business does not occur in vacuum. Nor is the business context, neutral. Business

Internal Auditing, 4 questions Essay Example | Topics and Well Written Essays - 2000 words

Internal Auditing, 4 questions - Essay Example The complex activities are to be controlled by managements of the organizations, and in the case of companies, naturally the first target is the Board of Directors of such organization made responsible to formulate proper policies, to control the various activities, the organization carries our in different countries, with cross cultures , different moral values, and different customer loyalties. One can see Nescafe, Cadbury product, Lux , Colgate ,cocoa cola, Pepsi, Philips, Sony, Motorola, Toyota and a host of consumer products available through out the world, where customers vary, their cultures vary, but they are bound by these products, which speaks of their qualityThese products made their own language.. For making such universal names, just like the saying that behind every successful man there is a successful woman, behind every successful organization, definitely there is a sound, solid, successful management structure with reliable management principles and policies, to operate their businesses across globe. These managements are successful, because of their management policies, which involve various control systems. Managements strength lies in the policies, they frame, and implementation of those policies, by establishing, various controls, at different levels of management. The first in the management hierarchy, na... Organisation structure --Controlenvironment basically includes the organization structure it self. Management's processes involve planning, organising, and directing the business activities, with the assistance of sound management structure. Different levels of management means-- Management by Board and its subcommittees, top management teams, middle and or functional management teams, operating or supervisory management teams. Boardand StrategicTop Management Middle or Functional Management Operating or Supervisory Management. The first in the management hierarchy, namely the board and top strategic management , formulate (i) the vision, (ii) mission, (iii) objectives of the organization,(iv) long term strategic plans ( ranging from 2 to 5 years period)and approve the plans and strategies prepared by other management structures. Functional management prepares strategiesandshort term plans ranging for six months to a two -year period. Operating management prepares operating plans and operating strategies that will range from one week to six months period. All these plans and strategies should be falling with in the top management plans and strategies. Once they are implemented in true spirit, the organization gives excellent results in all directions. But it is not so simple in the present day organisations. Organisation should have proper control systems in place, and internal audit activity exists to give reasonable assurance to the management that the control environment exists, andcontrol systems established by the management are efficient, effective and economical. Assignment of Authority and responsibility-- Managements function throughby fixing responsibilities on the individual mangers, and