Articles Summary
The first article in ‘Forbes’ Singapore ‘Thriving Amid Challenges’ was published in August 5, 2016. This is an article that analyzes many challenges on different fronts that Singapore companies are undergoing but managers are leveraging the city-state’s strengths to flourish in the current uncertain business environment. The next article is from ‘The Wall Street Journal’ that says ‘Apple Ordered by EU to repay $14.5 Billion in Irish Tax Breaks.’ Natalia Drozdiak, one of the authors’ notes that EU says tax deal with Ireland permitted Apple to pay almost nothing on European profits between 2003 and 2014.
Cross-cultural Differences
When a company tries to expand its activities to other nations, it somehow becomes a multicultural firm. The largest challenge to be faced then will be blending workers from diverse cultural backgrounds. As noted from the first article, companies are planning to expand their operations an indication the management will be in need of more workers. When employees from different cultures interact with one another regularly, it leads to multiculturalism. Individuals are required to change their lifestyles’ and adapt to the rules and regulations of different countries. Organizations should fuse the cultures of its particular employees to attain greater productivity.
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Solution
Cross-cultural differences may hinder success in a company and derail its goals. When this happens, managers must act quickly and provide a long-lasting relationship within employees. Managers may evaluate the possibility of creating multi-cultural teams to tackle specific projects. It is the role of a leader to teach his followers the value of good relationships alongside professionalism qualities. Leaders should discourage cultural factors such as religious, socio-economic, and political diversity that may lead to a normative pattern. Managers should encourage their teams it is not all about oneself but teamwork.
References
Drozdiak, N., & Schechner, S. Apple Ordered by EU to Repay $14.5 Billion in Irish Tax Breaks.
The Wall Street Journal. Retrieved from http://www.wsj.com/articles/apple-received-14-5-billion-in-illegal-tax-benefits-from-ireland-1472551598 .
Singapore: ‘Thriving amid Challenges.’ August 5, 2016. Retrieved from
http://custom.forbes.com/2016/08/11/singapore/
