Economics at your fingertips  

Significance of Differences among National Cultures in the Enterprise Management: A Literature Review with Observations on Ukraine

Tetiana Protsiuk and Ruslan Skrynkovskyy

Journal of Applied Management and Investments, 2018, vol. 7, issue 3, 172-178

Abstract: The purpose of the paper is to study the fundamental features of national cultures that influence the formation of interpersonal relationships within the enterprise, and, as a consequence, the effectiveness of managing the value of the enterprise in general. The methodology of the research is to apply methods of analysis, synthesis, comparison, generalization, as well as terminology, source study and system approaches. The scientific novelty of the obtained results consists in substantiating the theoretical positions and presenting practical recommendations for increasing the level of efficiency of the enterprise, formulated on the basis of the selection of the essential features and the significance of the differences between national cultures in the management of the enterprise, which are related to transaction costs and transaction benefits. It is established that: 1) there are significant differences among national cultures, based on the principles, values, systems of stereotypes, behavioral patterns and management activities, which characterize transaction costs from the complexity of conducting international negotiations to a certain degree; and 2) cross-cultural aspects of increasing the efficiency of enterprise management are related to transactional benefits from the mutual exchange of the implicit cultural knowledge, values, norms, experience, etc., in particular within the enterprise. The prospect of further research in this area is the formation of practical recommendations for the improvement of the system of partial diagnostic purposes of the enterprise's polycriterion economic diagnosis, taking into account the importance of differences between national cultures in the management of the enterprise.

Keywords: national culture; stereotypes; enterprise management; cross-cultural management; Ukraine (search for similar items in EconPapers)
JEL-codes: M14 L2 Z1 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link) (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

Journal of Applied Management and Investments is currently edited by Anatoliy G. Goncharuk

More articles in Journal of Applied Management and Investments from Department of Business Administration and Corporate Security, International Humanitarian University Contact information at EDIRC.
Bibliographic data for series maintained by Anatoliy G. Goncharuk ().

Page updated 2021-03-28
Handle: RePEc:ods:journl:v:7:y:2018:i:3:p:172-178