Every organization has a specific culture. Organization culture is driven from local culture. Organizational cultural rules, norms and values have a definite affect on Portfolio Management. If there is a "safeguarding culture" or "consensus oriented" culture, it will directly affect the projects within the portfolio. Different opinions and a bit of conflict is part of life. If the company follows a conflict avoiding or safeguarding culture, there is a risk that different divisions will launch too many projects as no division will want to offend the other by asking for the merits or demerits of their projects. Critical decisions may be delayed if the organization follows a consensus driven approach.
Cultural influence in Portfolio Management is even more apparent on a global scale. Some cultures are quite expressive and others are introvert. Communication is vital part of any organizations success.
Similarly, some cultures are quite open to question the overall rationale of the project. Others might find it hard to say ´No'. This makes portfolio management a challenge.
References:
(1). https://pdfs.semanticscholar.org/18b9/4eafaf3679a247afc3b13444c70aab67f544.pdf
(2). https://hal.archives-ouvertes.fr/hal-00614685/document
(3). https://madhavisblog.wordpress.com/2014/10/29/communication-challenges-due-to-cultural-differences/
No comments:
Post a Comment