1. Country’s profile: our company (Tata) is going to open up new company in England so we need to know most important facts about England which can affect our business.
England with 63 million populations, is 3rd largest financial centre in Europe which has GDP worth $2848.76 billion in 2015 and covers 4.59% of the world economy. This is the country with lots of well-known manufacturer companies including more than 40 leading vehicles manufacturers, lots of aerospace companies and many innovative companies which means there are lots of market opportunities for us. As England has the least barriers to entrepreneurships in the world and offers credit scheme on R&D taxes, we will face less barriers regarding establishment of our company in this country. The main sources of economy which leads to increase in GDP are agriculture, Banking, Insurance, and businesses etc. …show more content…
Dominant culture of England:
The corporate culture of England comes under the incubator culture that represents the people of this culture are self-expression and self-fulfilment, self-devotion and self-interest. Instead of thinking about creation, inspiration. There is not so much hierarchical distance in this type of culture, if there is any problem in one organization then boss will also work together with his employees to come out from that problem. Besides these, there is an equality among all and to achieve common objectives are the main motive of this culture.
3.4. Third or cross culture:
After looking towards both corporate culture of company and dominant culture of the new country, we might say that the new culture can be bit difficult for both company and employees in new country. As there is vast difference on both countries, it is going to be uneasy for the company at first. Since company is going to establish in UK, the TATA company must adapt the British culture like in punctuality, equality to all, and less hierarchical power in company then it will be good for our
England with 63 million populations, is 3rd largest financial centre in Europe which has GDP worth $2848.76 billion in 2015 and covers 4.59% of the world economy. This is the country with lots of well-known manufacturer companies including more than 40 leading vehicles manufacturers, lots of aerospace companies and many innovative companies which means there are lots of market opportunities for us. As England has the least barriers to entrepreneurships in the world and offers credit scheme on R&D taxes, we will face less barriers regarding establishment of our company in this country. The main sources of economy which leads to increase in GDP are agriculture, Banking, Insurance, and businesses etc. …show more content…
Dominant culture of England:
The corporate culture of England comes under the incubator culture that represents the people of this culture are self-expression and self-fulfilment, self-devotion and self-interest. Instead of thinking about creation, inspiration. There is not so much hierarchical distance in this type of culture, if there is any problem in one organization then boss will also work together with his employees to come out from that problem. Besides these, there is an equality among all and to achieve common objectives are the main motive of this culture.
3.4. Third or cross culture:
After looking towards both corporate culture of company and dominant culture of the new country, we might say that the new culture can be bit difficult for both company and employees in new country. As there is vast difference on both countries, it is going to be uneasy for the company at first. Since company is going to establish in UK, the TATA company must adapt the British culture like in punctuality, equality to all, and less hierarchical power in company then it will be good for our