Cross Cultural Management

What is Cross Cultural Management?

The business world is expanding day by day because of globalization. So do the diversity at workplace. The way of doing things may vary from culture to culture. What is good in one culture may not be good in another culture. Interpretation of words, gestures and activities are often different.

Cross Cultural Management is an weapon to reduce misunderstandings and hence create effective business and personal relationships. Cross Cultural Management is also a management methodology which is a combination of Business Management, Ethnology and Sociology.

What is the importance of Cross Cultural Management?

- Movement of workforce (workplaces are getting internationalized)

- Globalization / Glocalisation

- Faster Communication

- Understand the world better

- To fight ethnocentrism

Strategy

Strategy

- Word “Strategy“ is originated from Greek word “Strategos“

- Strategos means art to command an army/an army leader/army general

- Strategy was a military terminology used as “military strategy” during the 18th century

The question is:

Does Strategic Management is now used as a military terminology in modern business world to defeat market competition and fight for existence?

Pressure driven factor - Manufacturing Abroad

Why manufacturing abroad?

Effective Steps for Cross Cultural Management

Value Net for Catering Business

How to improve Team Foundation Server performance !!

Here are some ways to boot your TFS 2008 Performance (Win XP):

- Only select the team projects that you really need from the Team Explorer. This will reduce synchronization time.

- Please delete TFS cache on a weekly basis:
C:\Documents and Settings\\Local Settings\Application Data\Microsoft\Team Foundation

- Uninstall unnecessary Add-Ins.
How to get the list of installed Add-Ins: Visual Studio ? Help ? About Microsoft Visual Studio

- Disable getting files from the server automatically.
Add a DWORD value called DisableGetMissingFiles under HKEY_CURRENT_USER\Software\Microsoft\VisualStudio\8.0\TeamFoundation\SourceControl
Value Data = 1
Please use “Get Latest Version” instead.

- Create the registry entry: HKEY_CURRENT_USER\Software\Microsoft\VisualStudio\8.0\TeamFoundation\RequestSettings\BypassProxyOnLocal of type string with the value "true" to get the improved performance.

The BypassProxyOnLocal setting indicates whether the proxy server should be bypassed for local addresses.

- Split your product across multiple solutions. Solutions with more than 10 projects results in
Slow start-up time
More potential locking on shared resources (eg: vsmdi, runconfig..etc)

Blue Ocean Strategy

What is Blue Ocean Strategy? Ten Key Points:

• BOS is the result of a decade-long study of 150 strategic moves spanning more than 30 industries over 100 years (1880-2000).
• BOS is the simultaneous pursuit of differentiation and low cost.
• The aim of BOS is not to out-perform the competition in the existing industry, but to create new market space or a blue ocean, thereby making the competition irrelevant.
• While innovation has been seen as a random/experimental process where entrepreneurs and spin-offs are the primary drivers – as argued by Schumpeter and his followers – BOS offers systematic and reproducible methodologies and processes in pursuit of blue oceans by both new and existing firms.
• BOS frameworks and tools include: strategy canvas, value curve, four actions framework, six paths, buyer experience cycle, buyer utility map, and blue ocean idea index.
• These frameworks and tools are designed to be visual in order to not only effectively build the collective wisdom of the company but also allow for effective strategy execution through easy communication.
• BOS covers both strategy formulation and strategy execution.
• The three key conceptual building blocks of BOS are: value innovation, tipping point leadership, and fair process.
• While competitive strategy is a structuralist theory of strategy where structure shapes strategy, BOS is a reconstructionist theory of strategy where strategy shapes structure.
• As an integrated approach to strategy at the system level, BOS requires organizations to develop and align the three strategy propositions: value proposition, profit proposition and people proposition.