Managing Cross-cultural: Issues and Challenges in Global Organizations

MANAGEMENT

Today, globalization has become a truth. Advances in the field of information and technology and liberalization in trade and investment have increased the ease and speed with which companies can manage their global operations. Due to globalization, many companies are now operating in more than one country. This crossing of geographical limitations by the companies gives the birth of multicultural organization where employees from more than one country are working together. The global business is affected by a number of factors like differences in- socio, economic, cultural, legal and political environments. The global business is also level to a number of risks like political risk, currency risk, cross- cultural risks etc... Human resources are required to perform at all operational levels across all business units be it domestic or global. In such circumstances, the risk of cross cultural difference is expected. The aim of this paper is to find out these discrepancy and then suggest some effective solutions to manage effectively the cross cultural aspect of human resources for the success of global business.

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