The Challenges Brought by Cultural Differences
Hosted by KMC Mag Group, The Luna Dinner was an exclusive dinner for leaders of international firms based in the Philippines. The evening offered a relaxed and intimate environment where our guests were able to meet and network with other senior peers as well as partake in a topical discussion.
This year alone, 43 different multinational will be setting up their regional head quarters in the Philippines. Studies have found that up to 40% of all expatriate managers end their assignments early due to their inability to adjust to the foreign environment. Differences in expectations, language, and even the concept of personal space can be stress factors because they may seem neither understandable nor ethically “correct”.
Corporate culture is not just a set of beliefs; it is comprised of a set of values, patterns of behavior, artifacts like the physical layout of an organization, and accounts and narratives that reinforce those values. As companies have expanded across the globe, the idea of culture has become more complex as core competence is at the crux of today’s sustainable competitive advantage.
How do international companies ensure that their cultures remain intact while being flexible enough to cater local talent?
- What concrete actions can expat leaders take to cultivate the organizational culture abroad?
- How to successfully promote and develop leadership within local teams
Wider issues on the changing landscape of the Philippines and Southeast Asia
- How excited should multinationals really be about the Philippines?
The topic was introduced by Aliza Racelis, Associate Professor of Business Administration at University of the Philippines, who kicked things off by introducing the topic of discussion before opening it out to the table.
6:30 pm: Arrival and drinks reception
7:00 pm: Welcoming and opening address
7:10 pm: Dinner discussion on “The challenges brought by cultural differences” initiated by the moderator and continued by the group
8:00 pm: Dinner is served as the discussion is brought to a close
9:00 pm: Change of seats before dessert
Shangri La at the Fort, Taguig City
30th Street, corner 5th Avenue, Bonifacio Global City, Taguig, 1634 Metro Manila, Philippines, 30th St, Taguig, 1634 Metro Manila
CEO at AXA Philippines
Executive Director at Bank of Singapore
Country Head at Google Philippines
Managing Director at Coca-Cola
VP of Marketing at Coca-Cola
Country Manager at KLM Royal Dutch Airlines
VP, Head of Client & Broker Engagement at AIG
President at Blue Scope Steel
Director of Business Process Solutions at Deloitte
General Manager at Henkel Asia Pacific Service Centre
President & CEO at Howden Insurance
Corporate Communications Manager at L’Oreal Paris
Managing Director at Macquarie
COO at Odfjell Drilling
Director of Business Strategy at Philip Morris Fortune Tobacco
Partner at PwC
Director, Global Operations of QBE Insurance
Country Manager of Takeda Pharmaceuticals
Director of Accenture
Country Manager of TaskUs
Vice President & Head of Manila Office of MSCI Hong Kong
Country Director of ET Solar