Introduction. In The Current Dynamic World, It Is Important

1622 WordsMay 12, 20177 Pages
Introduction In the current dynamic world, it is important to understand the traditions of different nations and their practices. This paper compares China’s national culture with that of New Zealand, their influence on the respective corporate cultures, management structure, and strategies while also incorporating organization management theories. There is no other country where the economy has rapidly and fundamentally changed like it has in China. The national culture has changed, and managers in China today feel that they have little to learn from the West. A key requirement for any organization operating in China is to know the Chinese national culture, which is defined by how employers associate with employees and their respective…show more content…
Confidence and loyalty are the fundamentals of the Chinese cultural setting. The corporate culture of the Bank of China, under the Confucianism national culture, endeavors to enhance the lives of employees, beyond its quest for profitability (Griner and Petersen, 2013). That presents the fundamental provisions of the theory Y, which requires that organizations ought to ensure that their employees are accorded utmost priority, which goes a long way in ensuring that they feel inspired and increase their individual productivity (McGregor, 1960). The employees get the peace of mind they require to be innovative and creative when given a cooperative working environment, which is an advantage to the organization. On the other hand, in New Zealand, the culture is more westernized since innovation and customers are the key determinants of almost all the operations of the Bank of New Zealand. The New Zealand cultural setting influences the organization to adopt the concepts of Theory X (McGregor, 1960). Through the provisions of theory X, the management of the Bank of New Zealand assume that the employees will only be productive under strict supervision by the management, meaning that the core intent of the employees is to ensure their personal sustainability, but not to better the organization (Browaeys and Price, 2015). To improve the organization, the Bank of New Zealand ensures
Open Document