Globalisation and Business Cultures and Practices
occurring in one part of the globe can quickly spread other parts of the world. The recent global financial crisis and the ongoing Eurozone crisis are perfect examples. A great deal of similarity has been observed in how governments, banks, and organisations in the affected countries responded or have responded to the crises. This further demonstrates how globalisation has harmonised business cultures and practices across the globe. The impact of globalisation on the convergence of business cultures and practices can further be observed in the increased similarity of organisational structures and practices around the world (Bhattacharyya, 2010). Traditionally, hierarchical, autocratic, and centralised organisational structures were the norm… Continue Reading...