Strategy and Culture
Organizations must blend strategy and culture to thrive in today's global landscape. Explore insights from Dr. Wayne Smith on leveraging opportunities and avoiding hidden challenges.
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Strategy and Culture How does an organization leverage opportunities without succumbing to hidden challenges? Strategy and Culture Wayne Smith, Ph.D. Department of Management CSU Northridge Updated: Thursday, February 20, 2025 1
How complete is your vision and how deep is your effort? 3
Do you truly understand the history and depth of culture of another country? 5
Do you know who the stakeholders are and what they value? 7
Have you partnered with a local organization that understands the local environment? 9
Example: Mercedes-Benz When Mercedes-Benz initially entered the Chinese market, the company chose a Mandarin Chinese name that sounded similar to Benz : B ns . That name, B ns , translates to rush to death in Mandarin Chinese. The company quickly adapted, changing its Chinese name to B nch , which translates to run quickly, speed, or gallop. 10
Do you know the fine line between gifts and bribes? 11
Do you know the long-term plans on the country in which to wish to invest? 13
Does the executive class truly understand the working class? 15