Heterogeneous and Homogeneous Management Teams

This paper focuses on multicultural senior management teams and homogeneous team of senior executives selected locally. The author starts with brief descriptions of globalcompanies, responsibilities of senior managers, and global companies’ goals.Through literature review, the author identifies and employs the impacts of teams’ heterogeneity and homogeneity particularly in relation to the cultural backgrounds of teams’ members to appraise the advantages global companies could gain from multicultural senior management team as well as from homogeneous team of senior executives selected locally.

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Keywords: global companies, multicultural, heterogeneous, homogeneous, senior executives, advantages global companies gain

The Global Financial System and Liquidity

 

Global Financial System and Liquidity

Liquidity is the elephant in the dark room that is the global financial system. Everybody knows that liquidity is important, yet few would brave defining what it is, or how to gauge it accurately. One of the disturbing aspects of ‘liquidity’ is that its meanings and functions as a financial cate-gory vary according to the context and level of economic activity, as well as to the phase of the business cycle (Nesvetailova 2008). Liquidity of the market or a portfolio of assets during ‘good’ times is not the same as liquidity during an economic downturn or a financial crisis. Assets that are easy to sell when economic agents share a sense of optimism about their profitability, liquidity and safety, often turn out to be unwanted and expensive bundles of ‘illiquid’ debt when the sense of optimism evaporates. Hence ‘liquidity’ can evaporate literally overnight.Continue reading

Global Economy and Globalization

Global Economy and Globalization

Global Economy and Globalization

Global Economy

The term Global Economy refers to an integrated world economy with unrestricted and free movement of goods, services and labour transnationally. It projects the picture of an increasingly inter-connected world with free movement of capital across countries, also. The concept of a global economy cannot be understood in isolation. For this, globalization nees to be Continue reading

Cultural Diversity and Globalization

Cultural Diversity and Globalization

Cultural Diversity and Globalization

Cultural diversity is a product of the vast range of human experiences and achievements. It is a broad concept based on the connections between people through shared history, tradition and language. Our diversity is also a reflection of our values such as freedom of expression, pluralism of ideas, effective participation of people, and choice. Fostering cultural policies in a global environment to support cultural diversity includes:Continue reading