Western european style of management

Western European CountriesManagement Style

Nittya Balodia

MBA-4th Semester

LIST OF WESTERN EUROPEAN COUNTRIES

AustriaBelgiumFranceGermanyLiechtensteinLuxembourgMonacoNetherlandSwitzerland

AUSTRIA

It is a federal republic and a

landlocked country of roughly

8.47 million people in Central Europe.

It is bordered by the Czech Republic

and Germany to the north, Hungary

and Slovakia to the east, Slovenia and

Italy to the south, and Switzerland

and Liechtenstein to the west.

I. Business Structure

Limited Liability Company

Partnerships

Foreign Branches

II. Management Style

Low Power Distance i.e. people are independent, are accessible to superiors, coaching Leaders etc

Individualistic Society wherein individuals take care of themselves and immediate family and employer employee relationship is contract based on mutual advantage

Masculinity Society thus Competition and success driven, Decisive Mangers, emphasis on equity, Competition and performance

Uncertainty Avoidance is High thus they are Risk averse, follow rigid codes of conduct and belief , Innovation Restricted, Security is an Important element

III.Business Meetings and Etiquettes Be generous and polite Personal Questions should be

avoided Punctuality Avoid Gifts Stand when an elder/High

Rank person enters Business Dress

a. Men should wear dark color Conservative Business suits, solid Conservative ties and White shirts

b) Women should wear either Fashionable Business

Suits or Conservative dresses, complemented with

elegant accessories.

FRANCE

France, Officially French republic is

a sovereign Country in Western

Europe that Includes Overseas

regions and Territories.

It is the Largest Country in Western

Europe and European Union and

third largest in Europe as well.

I. Business Structures

Self Employed/Sole Trader[Enterprise Individuelle]

Limited Liability Single shareholder corporation

Limited Liability joint stock Corporation

II. Management Styles High Power Distance

resulting in centralized power and more number of hierarchical levels

Individualistic Society led to clear distinction between personal and professional life

Feminine Culture Focusing on Quality of Work Life

High Uncertainty Avoidance Leading to Proper

Planning and Strategizing

Strategies on Long Term basis

Business Meetings and Etiquettes

Tight schedule and Agenda

based meetings

Punctuality

Use of Business Cards

Firm Handshake

Use of First name for same

age/Level Colleagues and

“Monsieur/ Madame” for

superiors.

Business Dress

a) Men wear Conservative Suits and Ties and Colored,

White as well as Stripped Shirts.

b) Women wear Conservative Suits, dresses and pant

suits.

LIECHTENSTEIN

It is a doubly Landlocked alpine

Country in Western Europe

bordered by Switzerland in the

West and South and Austria to the

East and North.

It is Smallest yet the Richest

Country in the World.

I. Business Structure

Company Limited by Shares

Limited Liability company

The Establishment

The Foundation

Trusts

II. Management Style

Flexible and Liberal

Strict banking and Tax

Secrecy Laws

Welcomes Foreign

Investment

Personal Visits Followed by

all Business formalities are

Important

III. Business Meetings and Etiquettes

Make Prior Appointments

Punctuality

Address people by Surname

Agenda Based Meeting

Use of Business Cards

Avoid Using Personal

Questions

Business Dress

a) Men should wear Brown Business suits

with formal attire

b) Women should wear smart dresses and

suits

Switzerland

The Country is Situated in Western

Europe bordered by Germany to

the North, France to the West, Italy

to the South, Austria and

Liechtenstein in the east.

It has Highest Nominal Wealth per

adult as per Credit Suisse.

I. Business Structure

Public Limited Company

Limited Liability

General Partnership

Sole Proprietorship

II. Management Styles

Low Power Distance

Individualistic Society

Masculine Culture

High Uncertainty Avoidance

III. Business Meetings and Etiquettes

Address by Last name

Use of Business cards

Avoid Personal Questions

Firm Handshake

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