An Alaysis of the Importance of Cross Cultural Awareness for Managers Working in the Banking Industry in Saudi Arabia
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BUSINESS MANAGEMENT ISSUES IN GLOBALISATION
AN ALAYSIS OF THE IMPORTANCE OF CROSS CULTURAL AWARENESS FOR MANAGERS WORKING IN THE BANKING INDUSTRY IN SAUDI ARABIA
Due Date: 07/ 01 / 2013
Now days, the world becomes a one village. Although, there are different kinds of management styles and cultures impact on business management in the world, employees needs to increase their awareness to achieve the organisation targets. Awareness of cross-cultural management includes procedures and policies that are relate to the management of any organisation or workforce with different cultural and background. According…show more content… The second type of banking in Saudi Arabia is commercial or conventional banks as any country which is rely on non participation of risk. In fact, conventional banks in Saudi Arabia are more likely to produce products that are acceptable and suitable of Islamic banking or Islamic products because it is attracted the majority of customers (International Business Publication 2011).
2 Impact of globalisation in banking in Saudi Arabia
Globalisation will help bank managers in Saudi Arabia to present both high quality service and efficient management styles by using internet and high technologies. Research shows that weather of using internet is more likely in banking sector which is facilitating business for both employees and consumer. Indeed, over than 50% of population in Saudi Arabia is under 25 years old. Thus, this segmentation will be more interest using new-technology in bank services; as well as, competition will be brought a new demands by foreign banks which are established high quality e-banking, facilities and developed products ( The Middle-East 2003).
cross cultural awareness
According to Soderberg &Holden (2002) cross management studies the behaviour of people who are working in an organisation; in addition, it is encouraged employees to get the benefit from people around the world. Furthermore, Cross cultural