Understanding The Words Culture, Management Terms, And...

Every country has different management practices. They all have unique approaches that have been found to be the most adequate or efficient way in accomplishing specific objectives. At some point we have heard the English terms culture, management terms, and business culture, yet we don’t have much knowledge about these terms definitions. On the other hand, some of us are not familiar with terms such as â€Å"wa†, â€Å"quanxi†, and â€Å" inhwa†, Which these terms are essential management terms in Japan, China, and South Korea. In this paper I will be analyzing my findings on the words culture, management terms, business culture, â€Å"wa†, â€Å"quanxi†, â€Å"inhwa†, what would be similar terms to describe American management practices, and if these terms sufficiently capture American management practices. Culture is a very broad word with multiple definitions. It can be defined as the knowledge, experience, beliefs, attitude and va lues passed from one generation to another. Culture can also be interpreted as a certain way of thinking and behavior that prevail in a place or organization. On the other hand, management is the act of controlling and most importantly making business decisions. Whereas term, is an expression used to indicate a concept in a specific kind of language or branch of study. If we combine the two words, management and terms, from the definition provided, the term refers to certain terminology used in the administration process of an organization/ entity. According to theShow MoreRelatedJapan, South Korean, And America Management Practices1194 Words   |  5 Pages South Korean, and America Management Practices Every country has different management practices. They all have unique approaches that have been found to be the most adequate or efficient way in accomplishing specific objectives. We have heard the English terms culture, management terms, and business culture, which are commonly used business terms in America. Nonetheless, we don’t have much knowledge about international business terms. International business terms such as â€Å"wa†, â€Å"quanxi†, andRead MoreHuman Management Practices At Japan, China, And South Korea1218 Words   |  5 Pagescountry has different management practices. They all have unique approaches that have been found to be the most adequate or efficient way in accomplishing specific objectives. We have heard the English terms culture, management terms, and business culture, which are commonly used business terms in America. Nonetheless, we don’t have much knowledge about international business terms. International business terms such as â€Å"wa†, â€Å"quanxi†, and â€Å" inhwa†, which are essential management terms in Japan, China,Read MoreImplementing Lean Into Smes Within Saudi Arabia Manufacturing Industries1680 Words   |  7 Pagesmanufacturing industries faces difficulties, while in larger companies, it is more likely to be implemented succesfully and gain the advantages of lean systems (Karim et al., 2011). Moreover, the culture of the organization plays a vital role, especially for the managers facing challenges to change culture (Graham-jones and Muhareb, 2015). It is necessary to have a feasible lean framework to assist the SMEs to implement lean successfully (Pingyu and Yu, 2010) . 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The following topics are addressed in this paper: 1. Definition of Multi-National Corporation 2. Cultures and Norms 3. Management Style and Culture Shock 4. Management Style of a Multi-National Corporation : Toyota Motors 5. Ethical and Economic challenges faced Multinational Corporation