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Source CiteSeerX
Content type Text
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Subject Domain (in DDC) Computer science, information & general works ♦ Data processing & computer science
Subject Keyword Bounded Rationality ♦ Economic Theory ♦ Global Culture ♦ Top Manager ♦ Promising Alternative ♦ Cannot Act ♦ Efficient Strategy ♦ Formal Recommendation ♦ Decision Making Framework ♦ Management Position ♦ National Manager ♦ International Decision ♦ Second Part ♦ Main Conclusion ♦ Sociological Concept ♦ Technical Management Skill ♦ Diversity Management Argue ♦ International Social Skill ♦ Complex Internal Environment ♦ Literature Review ♦ International Experience ♦ Strong International Manager ♦ Strong International Leader ♦ Corporate Development Strategy ♦ Young Professional ♦ Cultural Difference
Abstract Abstract: Top managers in Multinationals defend the Culture-Free-These mainly because of two reasons: First, they consider that the arguments used by advocates of the Culture-Bound-These are based on sociological concepts more than on economic theory. On the other hand, even Top Managers who understand the necessity for diversity management argue that developing their managers into strong international leaders is extremely costly. This research aims at revoking both arguments, which seem to be out of date. First a literature review is conducted, linking the Theory of Bounded Rationality with the complex internal environment in multinationals. Making use of Economic Theory a decision making framework is constructed where international decisions can only be made under bounded rationality. The main conclusion of this review is that one cannot act rationally when ignoring cultural differences; and this is rigorously based on Economic Theory. In the second part of this study 100 Students and Young Professionals with international experience are questioned about their values and networks. The members of the “recently baptized ” Global Culture are proposed as an efficient strategy for creating strong International Managers that are able to lead across nations and cultures. Based on the results of the survey a formal recommendation for HR and Corporate Development Strategies is formulated. Being a member of the Global Culture it is far easier and cheaper to acquire technical management skills than for “national managers ” to develop international social skills. Hiring and developing members of the Global Culture into management positions is an efficient and promising alternative.
Educational Role Student ♦ Teacher
Age Range above 22 year
Educational Use Research
Education Level UG and PG ♦ Career/Technical Study
Learning Resource Type Article