Understanding Cross-Cultural Management. The Role of Business Interactions

Essay from the year 2015 in the subject Business economics - Business Management, Corporate Governance, grade: 70, University of Wolverhampton, course: MA in Management, language: English, abstract: This essay tries to understand the issue of globalisation and puts special focus on the role business interactions play in this environment.Globalisation refers to the transmission of knowledge, ideas, values, products and services all around the world, shaping a new era of interactions among various political, religious, cultural and economic groups. As a result, it is increasing business interactions between individuals across various geographical and cultural boundaries. Research indicates that companies need to consider cost, availability of skills, environment and quality of infrastructure.