Strategy-culture fit in global and multi-national companies

Question

Explain about the strategy-culture fit in global and multi-national companies.

Answer 1

Establishing a strategy-culture fit in global and multi-national companies as illustrated below:

1. In global and multi-national companies where some cross-border variety in the business culture is normal, efforts to set up a taut-strategy-culture fit is complicated by the variety of lifestyles and societal customs from country to country.

2. Leading cross-country culture-alteration initiatives needs sensitivity to prevailing cultural dissimilarities; managers must discern when variety has to be accommodated and when cross-border dissimilarities can be and should be narrowed.

3. The deception to establishing a workable strategy-culture fit in global and multi-national companies is to ground the culture in operating practices and strategy-supportive values that can travel fine across country borders and strike a harmony with managers and employees in many different regions of the world, despite the variety of local customs and traditions.