The Importance of Effective Cross Cultural Communication...

Table of Contents List of Abbreviations Abbreviation Meaning CCC Cross Cultural Communication GLOBE Global Leadership and Organisational Behavior Effectiveness Research Program List of Tables Table 1 shows the advancements of Halls theory over time. The table is based on (Hall, 1976) (House, Hanges, Javidan, Dorfman, Gupta, 2004) (Trompenaars Hempden- Turner, 1997).....................................................................................5 List of Figures Figure 1 shows Halls Iceberg model in a simplified way. The figure is based on (Hofstede, 1997, S. 57) and the from Hofstedes model derived cultural layer model of (Trompenaars Hempden- Turner,†¦show more content†¦Below the surface are conditions that can only be explored through interaction and communication. These lower layers comprise of perceptions, reactions, emotions, religion, beliefs, morals, values and the overall identity of a person. Figure shows Halls Iceberg model in a simplified way. The figure is based on and the from Hofstedes model derived cultural layer model of 3.3 Perceptions It is important to keep in mind that even though people seem to be seeing, hearing and smelling the same things, the perception of a certain situation can be totally different. A very nice example to illustrate this circumstance is the use of perception illusions. Those are pictures that have two different pictures within itself. It depends on everybodys own perception which of the pictures can be seen. An example for such an illustration is figure two. In this image some people see an old women with a big nose and some see a young lady that looks away from the observer. To be aware that these differences in perception exist can help to be more effective in avoiding misunderstandings with foreign business partners . 3.4 Cultural Dimensions and Cultural Standards The cultural dimensions according to the model originally developed by Edward T. Hall had three different categories. Hofstede, Trompenaars and later the GLOBE study further developed his ideas and formulated their own culturalShow MoreRelatedCommunication Process and Challenges in Global Business Environment1745 Words   |  7 Pages Institute for International Management amp; Technology School of Management and Entrepreneurship ------------------------------------------------- BUSINESS COMMUNICATION Semester 1 2011-2012 Module Leader Ms. Kirti Bhatia Communication Process and Challenges In Global Busienss Environment Submitted By: Kanishk Matta Executive Summary In this report, generic form of communication process is described and types of communication are also there to help theRead MoreChallenges Of Cross Cultural Work Environment999 Words   |  4 Pages CHALLENGES IN CROSS CULTURAL WORK ENVIRONMENT ABINAY KANKATI Sullivan University MGT-510 Executive Summary: The proposal briefs about the challenges in a cross-cultural work environment and how we can over come these challenges. 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Self Reflection Report of Teaching Practicum - 2271 Words

Preface: Teacher education programs are designed to develop professionals who are prepared to meet the challenges of the 21st century classrooms and workplace. To this end, then teacher education program must aim to develop the knowledge, skills and attributes of teachers to prepare them to teach effectively in the schools systems. It is, therefore, argued that the academic program of the teacher education should be coupled with an important and integral component called school -based experiences i.e. practicum which provides students with supervised experiences and help the student teachers to understand the full scope of teachers role. Many have also suggested that these experiences are very powerful in shaping teachers as they are real†¦show more content†¦The experience is meant to broaden teaching experience, allow seeing pedagogy from a different perspective, and further shaping student’s philosophy about effective teaching. 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Performance Evaluation and Benchmarking - Free Samples to Students

Question: Discuss about the Performance Evaluation and Benchmarking. Answer: Introduction In this report, financial analysis has been made to evaluate the financial performance of company. It is evaluated that financial tools such as ratio analysis, capital budgeting and bottom up analysis assists investors to make effective investment decisions. In this report, JB Hi-Fi Company has been taken into consideration to make effective investment decision. Financial analysis is the effective investment tool which is used to evaluate business growth, financial performance and all the ups and down of the company. It is evaluated that if investors wants to invest their money in JB Hi-Fi company then they will have to evaluate all the ups and down and financial performance of JB Hi-Fi company (Bloomberg, 2017). JB Hi-Fi Company is a New Zealand Retailers Company selling consumer goods, specializing in Video games and electronic appliance and indulged in selling all the electronic goods and services around the globe. This company has been adopted cyber computing enterprises resources planning in its business with a view to increase the overall productivity of functioning (JB Hi-Fi Company, 2017). Financial analysis of the JB HI-FI company The financial Ratio analysis helps in evaluating the financial performance of JB Hi-Fi Company and its all the ups and down in the market since last five years. The ratio analysis used in this report helps in evaluating the financial ups and down of JB Hi-Fi Company. This ratio analysis of JB Hi-Fi Company will help investors to evaluate all the financial performance and liquidity and business efficiency of company. It helps in determine the relation between two factors of the financial statement of company (JB Hi-Fi Company, 2017) JB Hi-Fi Company has maintained stable financial performance of company since last five years. It is evaluated that in 2013, JB Hi-Fi Company had 1.38 current ratio that has increased to 1.32 in 2017. It could be considered that company has maintained stable and effective current ratio (JB Hi-Fi Company, 2017). Description Formula JB Hi-Fi Limited 2017 2016 2015 2014 2013 Current ratio Current assets/current liabilities 1.32 1.57 1.62 1.64 1.28 Quick Ratio Current assets-Inventory/current liabilities 0.35 0.35 0.36 0.34 0.31 Quick ratio- This ratio reflects JB Hi-Fi Companys ability to pay off its short term debts with the help of quick assets. JB Hi-Fi Company had .31 quick ratios which have increased to .35. It shows that company has made high investment in its inventory. This ratio reflects the relation between total turnover and earning of company. The profitability of company is increased throughout the time and JB Hi-Fi Company has shown high stable profitable functioning. Return on equity- This ratio reflects the return available to equity shareholders. (Bloomberg, 2017). JB Hi-Fi Company has reduced its return on equity to 030 as compared to .35 since last five years. It has shown that JB Hi-Fi Company has reduced its return earing capacity or increased its cost of capital. Return on assets- It shows the relation between net profit and total assets of company. It as shown that company has decreased its return on assets from .47 to .201 in 2017 since last five years. JB Hi-Fi Company has reduced its return on assets due to high cost of debts and low level of return available on assets (Zhu, 2014). Description Formula JB Hi-Fi Limited 2017 2016 2015 2014 2013 Profitability Return on equity Net profit/revenues 0.0305615 0.0384421 0.0375137 0.0367394 0.03507 Return on assets Net profit/Equity 0.2014052 0.3753086 0.3994169 0.4338983 0.47737 Financial leverage EBIT / EBIT - Interest 1.0428016 1.0184332 1.0307692 1.0494505 1.05952 Asset turnover total assets / total sales *365 159.0876 91.665402 89.450986 90.097589 93.0154 Earnings per share Net income pref. div / shares outstanding 0.3917995 3.1020408 2.4035088 2.2068966 1.84127 Financial leverage ratio- This ratio of JB Hi-Fi Company has shown companys ability to pay off its interest from its earning. It has been observed that JB Hi-Fi Company has financial leverage ratio of 1.04 since last five years. It shows that company has increased its financial leverage ratio to 1.04 which is good for the business functioning (Bloomberg, 2017). Earnings per share- JB Hi-Fi Company has increased its earning per share and maintained 1.84. It has increased its earning per share by 1.50 points as compared to last five years data. Nonetheless, JB Hi-Fi Company had earing per share of 3.1 which decreased to .39 in 2017 (Brigham and Ehrhardt, 2013) This ratio reflects how well company has managed its business. It is observed that company has increased its business efficiency as compared to last five year data. It divulges that company has increased its overall efficiency by reducing overall cost of capital and increasing the return available to investors. Time interest ratio- This ratio reflects how well company could manage its interest payment through its EBIT. Company has increased its interest coverage ratio by 7% as compared to last five years data. Debt to equity ratio- This ratio reflects the relation between debts to equity capital. It is evaluated that company has increased its debt to equity ratio by 3 points since last five years. It is evaluated that company should reduce its financial risk with a view to keep its financial leverage balanced. However, it will not only decrease the financial risk but also increase the cost of capital of the company. It is further observed that company need to manage this capital structure to keep balance between risk and cost of capital of company. Description Formula JB Hi-Fi Limited 2017 2016 2015 2014 2013 Times interest earned EBIT / Interest expenses 24.363636 55.25 33.5 21.222222 17.8 Cash coverage ratio EBIT + non-cash expenses / interest expenses 269.00 222.00 202.00 192.00 179.00 Debt to Equity Ratio Debt/ Equity 1.87 1.45 1.61 1.92 2.47 It is evaluated that JB Hi-Fi Company has effective price earnings ratio. It shows that company has high amount of earning and performing very good in market. It has managed to keep 60.90 price earnings ratio throughout the time. Market based ratios Price / earnings ratio Market value per share / earnings per share 60.90 Dividend yield ratio dividend / current share price 4.99 JB Hi-Fi Company is performing well in electronic market. However, in order to provide good return to its investors, company has managed to keep dividend yield ratio of 4.99 in market. It has increased its dividend yield ratio even if the sluggish market condition (Yahoo finance, 2017). It has been observed that JB Hi-Fi Company has adopted double entry accounting system and followed IFRS and GAAP rules in its reporting and accounting frameworks. It is evaluated that company has harmonized accounting policies and frameworks by following IFRS rules and regulation in its business (JB Hi-Fi, 2017). Recommendation It is evaluated after analyzing the annual report of company that investors should keep their money invested in JB Hi-Fi Company for long run. If they invest their money in JB Hi-Fi Company business management for short term then they will end up by destructing the value of the investment. After evaluating the annual report of company, it is considered that JB Hi-Fi Company has increased its total turnover and efficiency of business since last five years. However, company has faced various external factors due to sluggish market condition. The main increment of JB Hi-Fi Company is high level of revenue and it has increased its revenue by 60% within five years. References Bloomberg, 2017 retrieved on 16th October, 2017 from www.bloomberg.com.au Bloomberg, 2017, government security retrieved on 16th October, 2017 https://www.bloomberg.com/markets/rates-bonds/government-bonds/australia Brigham, E.F. and Ehrhardt, M.C., 2013. Financial management: Theory practice. Engage Learning. JB Hi FI Company 2016, annual report, retrieved on 27th October, 2017 from https://www.jbhifi.com.au/Documents/2017%20Annual%20Report.pdf Yahoo finance, 2017 retrieved on 16th October, 2017 from https://in.finance.yahoo.com/ Zhu, J., 2014.Quantitative models for performance evaluation and benchmarking: data envelopment analysis with spreadsheets(Vol. 213). Springer.