Cross-Cultural Competence of Specialists Engaged in International Business, Economic Relationships and Management: Content and Structure (With a View to Business Challenges)
Cross-Cultural Competence of Specialists Engaged in International Business, Economic Relationships and Management: Content and Structure (With a View to Business Challenges)

Summary/Abstract: The purpose of this writing is to analyze the current trends in doing business nationally and globally, understand approaches to managing cross-cultural teams and identify professional requirements for graduates seeking beneficial and successful careers in international business, economic relationships and management. Analyzing relevant articles the author points out that today’s business environment is notably sustainability-driven and aimed at maintaining the conditions that allow it to flourish over time. Thus organizations’ leaders and managers are and will be aimed at building enduring business institutions. This leads us to the following assumptions: striving to improve businesses multinational companies are increasingly aimed at maintaining a competitive edge through close relationships and overwhelming collaboration with their extended networks of suppliers, customers and business partners. Under special consideration are issues of the content and structure of cross-cultural competence, because its acquiring enables economists and managers to achieve success in managing cross- cultural teams, establishing and cementing long-lasting business and economic relationships overseas. Current topics in pursuit are diverse and multifaceted. It is assumed that supporting discussion is involved from the works of P. Levice, G. Hofstede, F. Trompenarce, E. Holl, F. Klakhone, F. Strodeback, Michael H. Mescon, Michael Albert, Franklin Khedouri, Peter Druker, Chandra Vennaspoosa who dedicated their academic studies to understanding and evaluating practical essence and significance of cross-cultural competence for developing business globally. Not only does the study aim at identifying the content of cross-cultural competence, but also it is supposed to discover its key components with a view to current business and management trends worldwide. The objective here is to thoroughly look through recent publications dedicated to the development of companies and business in general and understand what a truly cross-culturally competent economist or manager is supposed to acquire in terms of knowledge and skills. This leads us to the conclusion that a culturally sensitive professional is supposed to be able to interact effectively and beneficially with those of different ethnical backgrounds and cultural orientations, or in a situation where cultural diversity exists. It incorporates the capacity to understand and recognize other cultures’ languages, behaviors, values, and policies, and adapt to these variations.

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