Identify the culture to which the behavior belongs and explain your assignment of the behavior to the cultural category?
Cultural factors and determinants impact the business execution quality. Different cultural factors are important to be analysed, as it helps in analysing the challenges associated with handling people at the workplace. There are different types of cultural factors and behavioural pattern that determines task execution. The behaviour aspect of the employees is determined by the cultural practices followed by the company (Eckel et al., 2005).
The determinant factors are associated with analysing the differences individuals and companies face at the time of evaluating the risks. The risk factors impact the business performance and the performance of the employees and individuals. Behavioural aspects of the individuals depend upon various factors which needs to be analysed and corrective measures has to be introduced for implementing the changes. The cultural behaviour of the individuals is associated with cultural practices introduced in the company. The challenges and limitations associated with the process have to be analysed, as this will help in implementing the changes that re necessary for increasing the business performance (Loewenstein et al., 2001).
Different factors that affect the business cultural practices are –
Factors that affect the cultural behaviour of an individual are-
By analysing the cultural values and differences it is possible for the company and the individual to introduce an effective system for handing the differences. The challenges faced by the members can be effectively handled by introducing the right process for increasing the performance of the staffs. For this, the factors associated with the cultural differences can be handled and overpowered in the right manner. The process followed has to be analysed, as it will help in implementing the changes that are necessary for improving the performance.
Cramer, J. S., Joop Hartog and Nicole Jonker and C. Mirjam van Praag (2002): “Low Risk Aversion Encourages the Choice for Entrepreneurship: an Empirical Test of a Truism,” Journal of Economic Behavior and Organization, 48(1), 29–36.
Eckel, C., C. Johnson, and C. Montmarquette (2005): “Saving Decisions of the Working Poor: Short- and Long-Term Horizons,” in Research in Experimental Economics Volume 10: Field Experiments in Economics, ed. by J. Carpenter, G. Harrison, and J. List, pp. 219–260, Oxford. Elsevier Science
Guiso, L., T. Jappelli, and L. Pistaferri (2002): “An Empirical Analysis of Earnings and Employment Risk,” Journal of Business and Economic Statistics, 20(2), 241– 253
Loewenstein, G. F., C. K. Hsee, E. U. Weber, and N. Welch (2001): “Risk as Feelings,” Psychological Bulletin, 127(2), 267–286.
Niederle, M., and L. Vesterlund (2007): “Do Women Shy Away From Competition? Do Men Compete Too Much?,” Quarterly Journal of Economics, 122(3), forthcoming.
Schupp, J., and G. G. Wagner (2002): “Maintenance of and Innovation in Long-Term Panel Studies The Case of the German Socio-Economic Panel (GSOEP),” Allgemeines Statistisches Archiv, 86(2), 163–175.
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