"Importance of cultural sensitivity and ethics in global finance" Essays and Research Papers

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    Cultural Sensitivity

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    Cultural Sensitivity Task 4 BY Renee Johnson Country I have chosen South Korea because business growth and opportunities have opened up in recent years. Cultural Challenges: Managers are encouraged to learn the language; however‚ learning the language itself is only half the battle. Interpreting what the client is saying between the lines or understanding local terms and customs are very important and not to be overlooked. It is recommended that the manager uses an interpreter

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    Cultural Sensitivity

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    Cultural Sensitivity Cross-cultural issues play a big roll in international marketing. Understanding how cultural differences can affect a marketing strategy‚ both negatively and positively‚ is essential in obtaining success in expanding a business to another country. A country’s economy‚ laws‚ culture‚ language‚ and business practices are factors for consideration when wanting to expand a product in another country. Having a complete understanding a country’s lifestyle and expectations can only

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    269557MaxeyEGT1 309.2.4-05-07 Melynda Maxey Cultural Sensitivity April 11‚ 2013 Due to the current import and export infrastructure we already have in place with China‚ I would like to make a recommendation that we look at this country for our new venture. Before making any decision toward this move there will be several cultural issues that must be addressed. Clearly there are differences between our two countries and I would like to mention ones that could affect our relationship

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    Cultural Sensitivity

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    CULTURAL SENSITIVITY Omega Manufacturing is headquartered in a regional manufacturing area in the United States. Company A produces engine components that undergo an extra heat-hardening process that provides extended life for engines of heavy-duty trucks‚ and it provides specialized machined engine components to all major U.S. truck and automobile manufacturers. Omega Manufacturing currently has 5‚000 employees in the United States and wants to double its size within the next four years

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    Cultural Sensitivity

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    Jacob Moser EGT1 Task 4 Student #000197021 Task 309.2 Cultural Sensitivity Cultural sensitivity is vital to remember when any firm does any business in a foreign market. Certain strategies and procedures used in the United States may not translate the same way in other countries or have the same impact. Other areas in the world operate their businesses with different priorities and in different cultures so it is crucial to consider how these differences may affect how business is done. Ethical

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    Barriers to cultural sensitivity can include stereotyping‚ discrimination‚ racism‚ and prejudice. There are situations in which we may portray a lack of sensitivity without realizing it or intending to offend someone else. Simple steps such as addressing clients by their last name or asking how they wish to be addressed demonstrate respect. Never make assumptions about other individuals or their beliefs. Ask questions about cultural practices in a professional and thoughtful manner‚ if necessary

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    Cultural Sensitivity Since the mid-1980s‚ Indian society has undergone a dramatic shift in social values. The traditional caste-defined view of Indian life‚ which undervalues social and economic mobility‚ and the dominance of the Brahmanical culture’s disdain toward commerce have been challenged by the middle class in contemporary Indian society. Getting rich and enjoying a good life has become the new mantra of social existence for the Indian middle class. With more income and more purchasing

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    component of moral sensitivity. Moral sensitivity is necessary to recognition that an ethical dilemma exists. Without moral sensitivity and compassion‚ members of the healthcare team may not be able to see that a problem exists or may unknowingly tolerate ethically objectionable acts or conditions. This recognition also involves the ability to appreciate the perspectives of others‚ including team members‚ by acknowledging their values‚ beliefs‚ and obligations. Compassion and moral sensitivity include awareness

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    GLOBAL marketing class CULTURAL SENSITIVITY IN GLOBAL MARKETING: AUSTRALIA–MALAYSIA RELATIONS Australian companies have been exporting‚ forming joint ventures and setting up wholly owned overseas operations since the middle of the last century. In the 1880s Colonial Sugar Refinery Limited (CSR) invested in the Fijian sugar industry and Burns Philp and Co Ltd established stevedoring‚ shipping‚ retailing and copra production throughout the South Pacific. Early this century‚ Australian mining

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    Professional Communication and Cultural Sensitivity The United States is increasingly becoming a multiethnic‚ multicultural group of citizens. Life is no longer similar for all individuals. As people migrate they bring with them their cultural views‚ beliefs and language (Bhugra and Becker‚ 2005). In order to live together with respect‚ dignity and without prejudice for all‚ the country has had to educate itself on the beliefs and values of these vast cultures migrating to what they perceive

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