MGMT5602 Cross Cultural Management

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04-07-2022

Course Code: MGMT5602
University: University Of New South Wales

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Country: Australia

Answer:

Description of Malaysian Culture

The interpretation of Malaysian culture can be realized through the use of Hofstede’s cultural dimensions such as power distance, masculinity, long term orientation, uncertainty avoidance and individualism (Azar, 2014)

The observation of these distinct elements allows the expatriates to attain a comprehensive report of the national culture of Malaysia thereby ensuring appropriate compliance with the requirements of cultural adaptability

Power Distance

The Malaysian culture depicts absolute power distance which is estimated to be 100 according to index of Hofstede’s cultural dimension analysis.

The power distance index suggests that hierarchical distribution of authorities as well as coherent observation of subordinates complying with the instructions provided by seniors and supervisors without any potential challenges for leadership (Barnett, 2016).

The individualism index suggests a score of 26 in case of Malaysia that can be reflective of the presence of a collectivist society in the nation

Masculinity Index

Masculinity index in the national culture of Malaysia can be observed to be intermediate thereby implying the emphasis equally distributed for privileges to individual gender (Gehrke & Claes, 2014).

Furthermore, the intermediate masculinity index is also reflective of potential suggestions towards the emphasis of achievement, success and competition as well as the caring attitude of society members towards others

Malaysian National Culture

Malaysian national culture also indicates the index of long term orientation with a score of 41 that suggests the existence of a normative culture thereby emphasizing on the strong apprehension of society members towards establishment of absolute truth as well as respect for conventional norms (Gilbert & Von Glinow, 2015)

Macro Environment in Malaysia

The specific illustration of political, economical, legal and technological entities in the macro environment of Malaysia can be considered as a reasonable insight for expatriates from Australia to serve desired business management outcomes.

Political dimension of Malaysia is largely reflective of the existence of a multi-party democracy country wherein the Barisan National party has been holding power for more than 25 years (Gollnhofer & Turkina, 2015)

Stability of Trading Policies

The stability of trading policies in the country alongside the favourable implications of government changes could be assumed as positive attributes in the case of political aspect of Malaysia’s macro environment (H. Akbar & Vuji?, 2014)

On the contrary, the corruption in the political infrastructure of Malaysia can be apprehended from the 54th position acquired by Malaysia in the corruption index

The unemployment rate, inflation rates and interest rates could be assumed as potential indicators of the economic environment in Malaysia

The unemployment rates in Malaysia increased by 3.5% in 2016 that implies the acquisition of labour workforce at cheaper prices.

The depreciation of the local currency as compared to the USD in 2015 by 27.5% could also be assumed as a notable indicator of minimal stability of the currency

Maintenance of Inflation Rate

The maintenance of inflation rate consistently at 2% suggests promising factors for international organizations to invest in Malaysia

Technological aspects of the Malaysian business environment are reflective of research and development activities, licensing, information technology improvements, technological development and the evolution of consumer buying trends. (Holden, Michailova & Tietze, 2015)

MGMT5602 Cross Cultural Management

Answer:

Description of Malaysian Culture

Power Distance

Masculinity Index

Malaysian National Culture

Macro Environment in Malaysia

Stability of Trading Policies

Maintenance of Inflation Rate

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