Managing and leading people 01 Essay Example | Topics and Well Written Essays - 3000 words

Managing and leading people 01 - Essay slipBased on some critical research findings related to finishing, this report intends to focus mainly on its implications on labour legislation, human resource management (HRM), leadership and people management, cross-border negotiations, knowledge management etc and whatever other(a) issues that might ride noticed during literature study. Finally, conclusions will be drawn based on key findings and applicable recommendations will be made if required.Impact of culture on industry and economics has been established through numerous research and studies throughout the world the main study that stands out in this sphere is that conducted by Hofstede (1980) whose pioneering work in this sphere has opened up new ways to surface business and management in the international contexts. These studies revealed that national culture has an impact on social norms, which in turn influence work-related values of individuals and that national culture in fluences the corporate culture through the kind of policies, practices and procedures followed in the organisation. Values of business owners get translated into practices for employee management. Hofstedes work identified five dimensions of national culture that get translated into, or influence, management practices. These include power distance, uncertainty avoidance, individualism-collectivism, masculinity-feminity, and time orientation (French et al., 2011). Following Hofstede, many other studies on culture and its impact on management have been conducted with significant findings. Trompenaars and Turner (1993) identified septet dimensions and Halls (1989) work identified aspects of communication that could have different meanings in different cultures. The excogitate GLOBE by House et al., (1997) is yet another groundbreaking work to determine impact of culture on various management aspects (Steers, Sanchez-Runde & Nardon,