Analyzing Current Challenges In Contemporary Business Culture
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Abstract
This article explores the fundamental principles of intercultural management and suggests potential enhancements in the context of cultural, ethnic, and gender diversity. The findings are illustrated through an application to a bank situated in Mumbai. The paper aims to assess the impact of intercultural management on the productivity of the bank, particularly in its interactions with foreign or culturally diverse employees. To attain this objective, the author conducts a literature review, drawing information from books, journal articles, and internet sources. The research underscores the potential conflicts arising from differing generational perspectives, which can be mitigated through the application of scientific models. Furthermore, achieving salary parity between female and male employees and ensuring equitable rights and power distribution are identified as crucial steps toward fostering an inclusive, dynamic, and fair organization poised to navigate the swiftly changing operational landscape.
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