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Title: Convergence of Attitudes in Different Cultures Towards the Budgeting Process

Authors: Eng C. Wu

Addresses: Author address listing can be found in the "About the Authors" section at the end of the article.

Abstract: Challenges in international businesses compel managers to adopt appropriate practices for the survival of their corporations. Although national culture has formed the backbone of management practices, cultural diversity has taken a backseat to managers' ambitions to advance within their organizations. Recent studies have seen convergence in business approach, organization design, and management norms. This empirical study focuses on the building of budgetary slack during the budget setting process to discern differences among approaches adopted by managers from different cultures. It is proposed that despite cultural differences, management practices tend to converge.

Keywords: Budgeting process; cultural convergence; budgetary slack; management practices; international business.

DOI: 10.1504/JBM.2005.141133

Journal of Business and Management, 2005 Vol.11 No.2, pp.29 - 47

Published online: 05 Sep 2024 *