An explorative treatment of idiosyncratic supposition of management values in banking sector in light of Hofstede philosophy

Abstract

Within the differences in culture, impeccable managing capacities leads to be innovative in business practices, better learning opportunities within the organizations and ensure sustainable sources of competitive advantages. Organizational stability and control mechanism, rules and policies, flexibility, discretion, innovation, creativity, risk taking ability, professional growth and the acquisition of new professional knowledge and skills, result oriented, coordination, efficiency and hard driving competitiveness that are aligned with the culture. This paper is based on the opportunity to make compare cultural dimension in banking sector in Bangladesh with the assist of Hofstede philosophy. Primary data has been used for determining the idiosyncratic supposition of management values in banking sector, but for accomplishing this explorative treatment there is inconsistency and disparity between the two categories in banks in values, philosophy, appreciative people’s conceptions, control mechanism, role and affiliation. Adaptability and appreciating values and attitudes consequence to advancing competencies and capabilities that leads to ensure sustainable growth and achieving competitive advantages.

Key words: competitive advantages, innovation, creativity, control mechanism, values, attitude