answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: What are the economic and cross cultural challenges that managers face when motivating employees?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Management

What are the roles and responsibilities of international trade manager?

An international manager is a broad title for a manager who oversees a company's global operations. In some instances, an international manager is responsible for all of a company's foreign business. Large companies may employ multiple departmental global managers, such as those in charge of of international sales, cultural marketing, or overseas manufacturing. An international manager must have a keen understanding of the company's needs abroad as well as the cultural, political and operational challenges of foreign markets, as well as available opportunities. In addition to employee relations and business direction, budgetary and economic outlooks are key concerns of management staff. As such, an international manager should be extremely knowledgeable in finance, foreign currency and the overall global market.


How do business formulate their policies?

every organisation has to take care & beware of internal & external factors: internal are company specific- SWOT Strengths Weakness Opportunities & Threats external are: SLEPT: Socio cultural aspects Legalities Economic landscape Political considerations Technological landscape


What do you mean by strategic planning?

Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. Various business analysis techniques can be used in strategic planning, including SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats ), PEST analysis (Political, Economic, Social, and Technological), STEER analysis (Socio-cultural, Technological, Economic, Ecological, and Regulatory factors), and EPISTEL (Environment, Political, Informatic, Social, Technological, Economic and Legal). (Wikipedia)For the source and more detailed information concerning your request, click on the related links section (Wikipedia) indicated directly below this answer section.


Managers are evaluated primarily on the business'?

Economic performance


What factors account for the resurgence of interest in Operation Management today?

Answer: There are several factors in OM today to consider. In my opinion globalization is the most important aspect to consider its involves all constrains economic, political, technological, and cultural connections also involves the growth of multinational corporations (businesses that have operations or investments in many countries) and transnational corporations (businesses that see themselves functioning in a global marketplace). Globalization has opened up broader communication lines and brought more companies as well as different worldwide organizations companies perform benchmarked and in some cases interchange experience and ideas to achieve common goals and avoid waste time in flow process no operatives. Other factors to consider are: Quality, Customer Service and cost challenges, Rapid expansion of advanced...http://www.antiessays.com/free-essays/281147.html

Related questions

What is the definition of economic socio-cultural?

Economic socio-cultural refers to the intersection of economic factors and social or cultural influences in shaping behavior, practices, and outcomes in society. It examines how economic systems interact with social and cultural norms, values, and beliefs to influence decision-making, distribution of resources, and overall development. This perspective highlights the interplay between economic structures and the broader social and cultural context.


What struggles did the french have?

The French faced various struggles throughout their history, including political instability, economic challenges, social inequality, and military conflicts. Additionally, factors such as foreign invasions, revolutions, and cultural changes also contributed to the challenges faced by the French people.


What was the main motivating factor for European maritime expansion in the sixteenth and seventeenth century?

C. to increase economic oppurtunity was the main motivating factor for European maritime expansion in the sixteenth and early seventeenth centuries


What are Japan's economic challenges?

growing industry


What were the economic challenges to American farmers and how did farmers respond to these challenges in mid to late 1800s?

They had to borrow money to buy seed, fertilize, and equipment


What was the main motivating factor for the European maritime expansion in the sixteenth and early seventeenth centuries?

C. to increase economic oppurtunity was the main motivating factor for European maritime expansion in the sixteenth and early seventeenth centuries


What was the main motivating factor for European maritime expansion in the sixteenth and early seventeenth century?

C. to increase economic oppurtunity was the main motivating factor for European maritime expansion in the sixteenth and early seventeenth centuries


What is Social and cultural factors?

These are the health, economic and socio-cultural statuses of an individual.


What is cultural activism?

The 3 cultural behavior activities are Social, Political, and Economic.


What are the steps taken by tisco company jamshedpur for motivating the employees?

The company has a commitment towards the well being of its employees. It not only meets the social economic needs of its employees but is also commited to all round development of the society. No wonder most TISCO empolyees give the best for the company as they take pride in being a part of the all round excellence. M.K. Ahmed The company has a commitment towards the well being of its employees. It not only meets the social economic needs of its employees but is also commited to all round development of the society. No wonder most TISCO empolyees give the best for the company as they take pride in being a part of the all round excellence. M.K. Ahmed


Which factor plays the biggest role in motivating economic decisions in a traditional economy?

commitment to maintaining long-standing customs


What is the disadvatages in social-cultural environment?

Disadvantages in the social-cultural environment can include discrimination, prejudice, inequality, and lack of diversity or inclusivity. These factors can create barriers to social cohesion, economic opportunity, and individual well-being. It is important for societies to address these challenges through education, awareness, and policy changes.