What Is The Influence Of Culture On American Culture
INTRODUCTION
Culture can be defined as a system of values and norms that are shared among a group of people and that when together taken constitute a design for living or doing things for that matter. From this definition we can see that every group of people has a way of going about their daily life.
Business is one of those activities that people are involved in on a daily basis. Starting with an individual to larger groups of people bound together by geographical boundaries will approach business differently. This is mainly a result of cultural influence. Culture influences all aspects of a person’s life. And that includes doing business.
East Africa or Eastern Africa is the easternmost region of the African continent, variably defined …show more content…
All the President of the Three Original East Africa countries has an average age of 65 years. This gives the picture of what kind of people are trusted with leadership in any organization including the business ones. Business organizations in East Africa recruit management team of mature people. This is because they are trusted with leadership and also because of their vast experience.
This trend is however changing as more and more Chief Executive Officers less than 40 years of age continue to emerge. Commercial Banks such as Standard Chartered have some of the youngest CEOs. in the region. This does not mean that older generation has been kicked out; they have simply been given another job. They now sit in the boards of this organization to offer advice to the management team. CONCEPT OF TIME …show more content…
In 1990s Goldenberg scandal rocked Kenya. Kenyan government was found to have subsidized exports of gold far beyond standard arrangements by paying the company Goldenberg International 35% more (in Kenyan shillings) than their foreign currency earnings. Although it notionally appears that the scheme was intended to earn hard currency for the country, it is estimated to have cost Kenya the equivalent of more than 10% of the country's annual Gross Domestic Product, and it is possible that no or minimal amounts of gold were actually exported. The scandal appears to have involved political corruption at the highest levels of the government of Daniel arap Moi. Officials in the current government of Mwai Kibaki have also been implicated. Goldenberg was a brain child of business man Paul Kamlesh Pattni who has never been convicted for the economic crimes due to lack of proper evidence. The latest scandal to have rocked the same country is Anglo leasing. The other East Africa countries experience the same problem only they have not been
Culture can be defined as a system of values and norms that are shared among a group of people and that when together taken constitute a design for living or doing things for that matter. From this definition we can see that every group of people has a way of going about their daily life.
Business is one of those activities that people are involved in on a daily basis. Starting with an individual to larger groups of people bound together by geographical boundaries will approach business differently. This is mainly a result of cultural influence. Culture influences all aspects of a person’s life. And that includes doing business.
East Africa or Eastern Africa is the easternmost region of the African continent, variably defined …show more content…
All the President of the Three Original East Africa countries has an average age of 65 years. This gives the picture of what kind of people are trusted with leadership in any organization including the business ones. Business organizations in East Africa recruit management team of mature people. This is because they are trusted with leadership and also because of their vast experience.
This trend is however changing as more and more Chief Executive Officers less than 40 years of age continue to emerge. Commercial Banks such as Standard Chartered have some of the youngest CEOs. in the region. This does not mean that older generation has been kicked out; they have simply been given another job. They now sit in the boards of this organization to offer advice to the management team. CONCEPT OF TIME …show more content…
In 1990s Goldenberg scandal rocked Kenya. Kenyan government was found to have subsidized exports of gold far beyond standard arrangements by paying the company Goldenberg International 35% more (in Kenyan shillings) than their foreign currency earnings. Although it notionally appears that the scheme was intended to earn hard currency for the country, it is estimated to have cost Kenya the equivalent of more than 10% of the country's annual Gross Domestic Product, and it is possible that no or minimal amounts of gold were actually exported. The scandal appears to have involved political corruption at the highest levels of the government of Daniel arap Moi. Officials in the current government of Mwai Kibaki have also been implicated. Goldenberg was a brain child of business man Paul Kamlesh Pattni who has never been convicted for the economic crimes due to lack of proper evidence. The latest scandal to have rocked the same country is Anglo leasing. The other East Africa countries experience the same problem only they have not been