Wednesday, December 18, 2019

Challenges for Foreign Manager in South Korea - 2170 Words

University of Maryland University College AMBA 620 Introduction Background To put it mildly the cultural differences between the United States and South Korea are vast. South Korean culture according to Javidan, Dorfman, Sully de Luque and House (2006) is similar to Chinese culture in that it is rich in tradition and heavily influenced by Confucian values. The values of Confucianism funnel down to everything from family life to corporate life. Javidan et al. (2006) details that Confucianism â€Å"emphasizes the importance of relationships and community† (p. 83). Park, Rehg, and Lee (2005) mention that in South Korean culture it is important behave in an honorable, trustworthy, and respectable fashion as these attributes are all†¦show more content†¦The dimension known as â€Å"Institutional Collectivism† shows how a culture practices rewards and encouragement. Javidan et al. (2006) explain that South Koreans thrive off of teamwork and group reward unlike other countries such as the United States, which favors a more individualis tic system (p. 70). Of all the cultures studied as part of Project GLOBE, South Korea ranked highest in their need of a group reward system. This information will help me establish a reward system that will satisfy the need that the employees require in South Korea. An additional factor that Javidan, et al. (2006, p. 70) raises is â€Å"Uncertainty Avoidance† which can be characterized as a â€Å"tolerance for uncertainty† (Hofstedeâ„ ¢ Cultural Dimensions, n.d.). According to Hostede’s scale, South Koreans do not like change and thrive off of order and use structure to minimize uncertainties (Hofstedeâ„ ¢ Cultural Dimensions, n.d.). This leads me to question, â€Å"how they will handle a new foreign manager?† especially a woman manager. Culture Shock One of the biggest culture shocks for me will be the move itself. Relocating my family, getting a new home, learning the language are all obstacles I will have to overcome. My cultural orientation training will help, but a new job is always a bit overwhelming at first not to mention tackling a foreign grocery store. Another challenge will be adapting to theShow MoreRelatedEconomic Essay 11017 Words   |  5 Pagespeople of North and South Korea speak the same language, they have many different ideas and cultures that have developed after the two countries split apart. The market economy of South Korea has done a lot to improve the overall economy of the country, and the gross national product has been on the rise. The economy of North Korea has had many challenges, largely due to the self-reliant and closed economic system that they use. Overall, the government and economy of South Korea has been more prosperousRead MoreWal Marts Failure in Korea1166 Words   |  5 PagesWal-Mart’s Failure in Korea This case will present Wal-Mart’s unexpected failure to conduct local market research and conform to Korean consumers’ needs and wants. Introduction: There are many frameworks that help characterize the differences between different cultures and the way people communicate across different cultures. In our paper we will focus on the differences between Korean and American cultures and what effect these differences might have on conducting business between both sidesRead MoreLeadership : Bridging Cultural Divide1590 Words   |  7 Pagessignificance of bridging the cultural divide in leadership, a foreign middle manager of American employees must recognize the impact of cultural differences, adapt his or her methods to achieve the desired results, and develop strategies to predict and diffuse misunderstandings resulting from the differences in cultures (DuBrin, 2012). The Impact of Cultural Differences One of the greater obstacles for burgeoning leaders to overcome is the challenge associated with assuming leadership duties over a teamRead MoreHow does culture and environment affect institutions and their management?1656 Words   |  7 Pagesis great to want to invent the wheel again, but it’s not great to step on toes while trying be inventive. Ms. Myers started out good but failed in what her objective was. â€Å"When Linda Myers accepted a human resources position at SK Telecom in South Korea, she thought it was the opportunity shed long been working toward. Not only would she break ground as one of the first American female executives at a Korean company, she would also lead an initiative to make the organization more global. For someoneRead MoreThe Impact Of Lundbeck As A Global Pharmaceutical Company1751 Words   |  8 Pagespolitical policies after financial crisis in 1977, Korea started open up to foreign market that gives push up to company to start . The political factors includes tax rates, political stability, trade regulations, safety regulations and employment laws. In Korea up to 2000 MNE s cannot able to form own group without local partners . Lundbeck is a pharmaceutical company as per present situation most increase of growth in Korea, (Lundbeck South korea, 2016). Government policies and legislations areRead MoreLegal Business Practices in the United States and Korea Essay1470 Words   |  6 Pagesbusiness practice in detail and provide a comparison of South Korea with that of the United States in regard to business practices. The researcher will define ethical and legal business practice as well as unethical and illegal business practices. Furthermore, the researcher will identify business practices that are considered illegal and unethical in the United States and address why these same practices are considered legal and ethical in South Korea. Finally, the researcher will provide a course ofRead MoreInvestment Entry Mode Strategy Of South Korea2479 Words   |  10 PagesTo start business in South Korea it would be a challenge but I believe it would be a great investment to consider. Our investment entry mode strategy will be a joint venture, which is â€Å"a contractual, strategic partnership between two or more separate business entri es to pursue a business opportunity (Carpenter pp 241).† Partnering with the owner of The Shilla Hotel, Lee Byung-chul. The Shilla Hotel is listed top 5 luxury gateway hotels in Seoul, (the capital city of South Korea) and one of the topRead MoreCase Analysis: Doing Business Abroad1414 Words   |  6 Pagesthe personnel within the company to understand the cultural differences between the home office and the overseas operations. Every region of the world has its unique cultural idiosyncrasies. These idiosyncrasies can prove to be challenging if a manager is not prepared to deal with the cultural differences in a respectful, appropriate way. Some of the specific ways that cultural differences can affect international business relations are group mechanics, employee behavior, and norms. ProfessorRead MoreU.S. Automobile Manufacturing in the Twenty-First Century1540 Words   |  7 Pagessuch as global competition, advanced technology, and reengineering are more likely to affect human resource managers in the automobile industry (Greer, 2001, p. 68). Human Resource Issues Managers in the Automobile Industry Should Be Prepared For Based on the case study, global competition is an issue that human resource managers should be prepared for in the future. Human resource managers should emphasize the need to train and educate employees, so that employees can perform at the level of worldRead MoreCountry Analysis Report - South Korea2217 Words   |  9 Pagespurposes, a great market potential is seen in South Korea where the demand for skincare and cosmetic products is soaring. With sales capabilities in over 100 countries, direct sales offices have only been established in a little over 20 countries1. The goal of this report is to provide an analysis on the feasibility of establishing a direct sales office in South Korea. Feasibility will be determined through a three part analysis in the following areas:  · South Koreas business climate as depicted by

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.