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The Value of Cultural Differences: what Matters?
Benhoumeur, Algeria
Cultural differences can be sources of value to the firm. But what differences matter? Management is about increasing shareholders' value, which can be very shortsighted as far as culture, not finance, is concerned. Managers must be aware not to take the tree for the wood. Actions are better than words in this setting. Can managers take this challenge and avoid confusing social and cultural factors with political ones?
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The Value of Cultural DifferencesMindzak, Teacher, Japan Well said, however, not to forget that confusing social and cultural factors with political ones may not be the only premise, assuming one may argue for the manager to able to pursue political gains alongside cultural and social ones hence, being careful of not needlessly prioritizing one at the expense of the other. All the same, a challenge exists namely, the necessity of consistency between one's actions and one's words. The tree is the wood and vice versa. In this case, the question becomes "what is the setting? |
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