Cultural Diversity In Entrepreneurial Teams - Assignment Example

Cultural Diversity in Entrepreneurial Teams: Findings of New Ventures in Germany’ by Ricarda B. Bouncken from [Name of the organization] [Author’s name] [Date of fulfilment] • What are the benefits to the research design and approach? The purpose of research design and approach is to make an elaborative study over the selective issue. There are many aspects that are scrutinised under this evaluation process. The chief target of a research design and approach is to make a strong analytical survey, in relation to the background and the futuristic participation of the issue for social and cultural benefits (A.C. Cooper, T. Folta, and C.Y. Woo, 1991). The basics of the research and design approach have got the dominance of making a well established analytical survey that can well determine the factors that makes the subject and authenticate document for the future. The research and design as has been undertaken by Ricarda B. Bouncken, in his ‘Cultural Diversity in Entrepreneurial Teams: Findings of New Ventures in Germany’ is an approach towards the same objective. In this paper the author makes an exclusive exploration over the procedures through which the entrepreneurs of different national cultures come and deal with various diversified cultural set up (Adler, N.J. and Jelinek, M. 1986). It is the core factor that needs wide ranged speculation for the understanding of the selected theme in terms of both past and the futuristic content and consequences related to the same. The focus is over the entrepreneurial teams that are very much involved in the whole infrastructural positioning ( Harrison, D., Kenneth, A.P., Gavin, H.J. and Florey, A.T. 2002). There are six cases that are studied to get some of the specific results and particular solution to the selected subject. The benefits are exclusively related for the findings of the research. The contributions a led by Ricarda B. Bouncken, in his ‘Cultural Diversity in Entrepreneurial Teams: Findings of New Ventures in Germany’ is in ‘giving insights into the black box of cultural aspects of new ventures’. As the author says the specified objective is in contributing to the management practice that gets resided on the examination of all kinds of major influences collected from diverse cultural backgrounds. These are further well analysed for the establishment purposes on new venture process. It is here that the selected process gets the permission for the improvement of intercultural management. The backdrop for the new venture thus gets the adequate support from the six cases that are studied by Ricarda B. Bouncken1. The basic benefit that this paper is going to give is to the entrepreneurs who are on the verge of, or are intended to start with some kind of new business. This paper gives them the exclusive information about all kinds of e pros and cons that they might face with the intercultural partners in the business. Thus the benefits of any research design and the relevant approaches are directly related to the social and the individual benefits that it provides. There are many analytical grounding that are made a part of the whole process. The research design and approach must be of some benefits to all those people who are a part of it. As their career and life is integral to the selected theme, the research must bring in some open eyed speculation to the same (R.H. Keeley, and R.W. Knapp, 1994). This is the vital attempt that too gets concentrate in this selected paper. The whole methodology is approached with both theoretical and practical aspects to bring in some solutions to the hurdles that are relevant in intercultural business. • What are the drawbacks/limitations to the research design and approach? ‘Cultural Diversity in Entrepreneurial Teams: Findings of New Ventures in Germany’ by Ricarda B. Bouncken, is a research that has been made over six case studies. These are all relevantly collected from different stages that are involved in the venture process. The analytical understanding has been collected from varied insights and in a very chronological order. The research is equally concentrating over the early as well as the later phases of all the case studies. This is an approach where the case studies are researched and then the theoretic considerations too are evaluated. Under all kinds of propositions the whole analysis is well refined and very much exclusive in concern to the chosen subject (Eisenhardt, K.M. 1989). Ricarda B. Bouncken makes a very selective analysis and gets the cross-cultural teams. The biggest limitation lies in the inadequate literary interpretations. These are all monochromic and are low-context structured teams, with high-space entrepreneurs. These are all under strong structure tasks. The analysis further gets into the analytical purview of being polychromic or the resultant as a high-context, low-space founders. This particularly tends to make a very distinctive supply of all the external contacts to meet the purpose of diverse team. The study further gets in to the analytical perspective of polychromic or the determined high-context with a subsided low-space founders that are having the propensity for the purpose of relevant communication procedures. In the perspective of the enhanced communication in terms of cross-cultural teams, there seems to be some contextual references made over the matter of creativity. The fourth or the last is the participation of monochromic or in more concrete way the low-context or the high-space founders (M.B. Low, and I.C. MacMillan, 1988). These are the founders who are into the inclination for a denial of the positive effects from the societal conditioning of the cultural diversity2. For Ricarda B. Bouncken the matter of concern of the logic that exists underneath is very much relevant to the building of diverse resources and absolute competencies through the team. These creations of individualistic competencies are all dependable over the formation as has been followed by the structure of the team (Garcia-Prieto, Bellard & Schneider, 2000; Harrison, Kenneth, Gavin & Florey, 2002; Kilduff, Angemar, & Mehra, 2000). The practical follow ups initiated by Ricarda B. Bouncken are to a great extent its biggest limitation. As for him the team needs to be contributively strong enough for the diversified and the outrageous heterogeneous conditions. These are al one through the equipments of absolute knowledge, expertise skills, tough competencies, financial stand point, etc. These are the factors that help in the expansion of the resources and are very much a part of the building process of the team. These are further made available to the success of the new venture. As against the persuasion led by Ricarda B. Bouncken, these applications in the new venture, needs teams that have got the international links and exposure to the global market. It is only here that the improvement over the new venture can be well predicted or achieved. These are possible to the smaller firms and the internationalization of it can be very positive to its growth (Lamb & Liesch, 2002). The factors that lead to the diversity in the construction of the teams get more stressed to the importance of the concern related to the heterogeneity that exists in the act of creation of the new venture (Dose, 1999; Fiol, 1994; Garcia-Prieto et al., 2000). • Suggest alternative research strategies/methods For a successful venture on international ground it is very important to have an empirical approach. This is the approach that is well structured for the collection of resources in every aspect of a business. No matter how big or small the business is. The empirical proceedings add more positive aspects to it. Under this process, the research is more related to the collection of data and figures on the basis of practical results as has been achieved by the companies that are already in the trend. There are many kinds of provisions that make this empirical approach and design of a research stronger and authentic. These are the qualitative and the quantitative surveys (B. Mullen, A.T. Salas, and J.E. Driskell, 1994). These are the surveys that can be well understood in terms of practical investigations and the on the spot collection of the financial and the economical strategies opted by the industry. The application of the qualitative and the quantitative research designs and approaches can be either optional or can be permissible on both the groundings. These are the research designs and approaches that are well crafted under the provision of absolute survey over the market, the choices of the clients or the customers and above all the strategical planning for the persuasion of the business in the domain of new venture. The consistencies and the risk management factors are integral to these research designs and approaches. The planning for a proper strategy can well establish the demands of the market on global perspective and how it can be well handled through the proceedings that are already under the developing factors. The management of the risk can be multifaceted. These need absolute planning and proper initiations from the expertise’s cabin. As in ‘Cultural Diversity in Entrepreneurial Teams: Findings of New Ventures in Germany’ by Ricarda B. Bouncken, there is the management of the cultural diversity in the new ventures. These are something that exists in the market from a long period and thus needs to be studied with more appropriateness (G. Hirst, and L. Mann, 2004)3. The sustainability in the market is possible only if these aspects are handled in a much better way. The matters related to the cultural diversifications can be well analysed over the cases that are already well analysed. This is something that we get in the research design and approach led by Ricarda B. Bouncken. However there is a severe demand for some kind of concrete solution that can be well achieved through the understanding of cases that are closer to the particular new venture. Every kind of diversification leads to a very different and absolute kind of risk management and thus there needs to be the perfect selection for the right kind of strategy management (M. Kilduff, R. Angemar, and A. Mehra, 2000). The research design and approach by Ricarda B. Bouncken are very much theoretical and thus there is the need for the qualitative and the quantitative research designs and approaches. It is through qualitative and the quantitative research designs and approaches that every individual case can be analysed on individual ground and every understanding can be well structured as per the demand of the social constructions. Analytical overview The research design and approach as has been adopted in ‘Cultural Diversity in Entrepreneurial Teams: Findings of New Ventures in Germany’ by Ricarda B. Bouncken, are absolute in their own way. There is no doubt that here the author has brought in the accurate literature review for the foundation and the creation of a comprehensive floor for the proposed research. The literature reviews are basically over the structuring of the new ventures in the international scenario and they are more in concern to the issues that brought in the cultural diversification in the business domain. The sources that are drawn for the research designs and approach in ‘Cultural Diversity in Entrepreneurial Teams: Findings of New Ventures in Germany’ by Ricarda B. Bouncken, are all relevant to the matter of sustainability in the global market for every size of business (Jones, G.K. and Davis, H.J. 2000). As the research question is related to the causes that hampers the sustainability of business in global market in relevance to the adaptation of managing cultural discrimination, it is absolute clear and well understandable that the research has been in the selected field. However what makes the paper little weak is the context of Germany. The issue is universal and the approach too needs to be on global aspect. As for specialising it over Germany is though appropriate, yet the paper lacks behind I the elaboration of the content. The content is more on the universal approach, and though Germany too has been discussed, but it is just a part of the whole study (A. Sorge, 1983). The paper is well organised and very systematically synchronised. The subheadings of Theoretical Issues, Method of the Empirical Study and the Discussion of the Data are very appropriate, yet the applications on the practical groundings are not well structured as per the demand of the selected topic. The ethical issues are thus discussed on common groundings rather that on absolute notification related to Germany. The cultural discrimination is the core matte of discussion; however the paper lacks in giving any kind of absolute solution to this ethical ground. references Adler, N.J. and Jelinek, M. (1986) Is ‘Organization Culture’ Culture Bound? Human Resource Management , 25(1), 73–90. Cooper, A.C., Folta, T. and Woo, C.Y. (1991) Does Networking Pay off? A Panel Study of Entrepreneurs in the Research Triangle, Frontiers of Entrepreneurship Research, 276–90. Dose, J.J. (1999) The Diversity of Diversity. Human Resource Management Review, 9(1), 83–108. Eisenhardt, K.M. (1989) Building Theories from Case Study Research. Academy of Management Review, 14(4), 532–50. Fiol, M.C. (1994) Consensus, Diversity, and Learning in Organizations. Organization Science, 5(3), 403–20. Garcia-Prieto, P., Bellard, E. and Schneider, S. (2000) A Dynamic Model of Diversity, Emotions, and Conflict in Teams. Geneva: University of Geneva. Harrison, D., Kenneth, A.P., Gavin, H.J. and Florey, A.T. (2002) Time, Teams, and Task Performance: Changing Effects of Surface- and Deep-Level Diversity on Group Functioning. Academy of Management Journal, 45, 1029–45. Hirst, G. and Mann, L. (2004) A model of R&D leadership and team communication: the relationship with project performance. R&D Management, 34(2), 147–60. Jones, G.K. and Davis, H.J. (2000) National Culture and Innovation: Implications for Locating Global R&D Operations. Management International Review, 40(1), 11–39. Keeley, R.H. and Knapp, R.W. (1994) Founding Conditions and Business Performance: ‘High Performers’ vs. Small vs. Venture Capital Start-ups. In College, B. (ed.), Frontiers of Entrepreneurship Research Babson College, Boston, Mass. Kilduff, M., Angemar, R. and Mehra, A. (2000) Top Management Team Diversity and Firm Performance: Examining the Role of Cognitions. Organization Science, 11, 11–34. Lamb, P.W. and Liesch, P.W. (2002) The Internationalization Process of the Smaller Firms: Reframing the Relationships between Market Commitments, Knowledge and Involvement.mir Management International Review, 42(1), 7– 26. Low, M.B. and MacMillan, I.C. (1988) Entrepreneurship: Past Research and Future Challenges. Journal of Management, 14(2), 139–61. Mullen, B., Salas, A.T. and Driskell, J.E. (1994) Group Cohesiveness and Quality of Decision Making: An Integration of Tests of the Groupthink Hypothesis. Small Group Research, 25, 189–204. Sorge, A. (1983) Book-Review – Culture’s Consequences Geert Hofstede. Administrative Science Quarterly, 28(4), 625–29. Read More