Friday, December 20, 2019

International Business Essay Questions - 1592 Words

Section One: Questions # 2 and #3 Question #2 a. Define and explain the term Culture Ans.: Culture is a set of shared values, understandings, assumptions, and goals that are learned from earlier generations, imposed by present members of a society, and passed on to succeeding generations. Culture is basically the way of life of a people: what they eat, the music they listen, how they dress, their meal times, their language and art form, and so on. b. Give examples if operational conflicts that could occur in a cross- cultural context because of different attitudes towards:1) time, 2) change, 3) Individualism . Give a country or region that would be different from the US for each of the three variables. Ans.: It is quite easy for†¦show more content†¦From a business stand point it has to do with rules and procedures, which give stability. This has managerial implications since a manager would have to know how the employees feel about change and rules. For example, if a manager is in Greece, then they would have to know that they cannot just go in and change the rules or the schedule instantly or frequently, because people in Greece like to have a lot of stability. Japan, and Korea have uncertainty avoidance on their list they have a high desire for stability, while India, the United Kingdom and Denmark have a lower desire for stability. * Individualism- The tendency of people to look after themselves and their immediate families only and to neglect the needs of society; suggests motivation from opportunities for individual advancement and autonomy. This means that individualistic societies prefer to work by themselves, they don’t care about working in groups or with others to achieve their goals. Managers need to know this so that they can make good decisions in assigning assignments and so on. The United States, United Kingdom, and Canada are very individualistic countries. Collectivism is the opposite of individualism and it means that there is desire for tight social frameworks, emotional dependence on belonging to â€Å"the organization,† and a strong belief in group decisions; suggests appeals to group goals and support. Collectivist countries are Mexico, Italy, and Singapore. CollectivistShow MoreRelatedInternational Business Essay Questions6472 Words   |  26 PagesInternational Business â €“ Essay Questions 1. Gini Coefficient: The gini index is a measure of statistical dispersion, a measure of the inequality of a distribution, 0 being total equality and a value of 1 maximal inequality. It is most commonly used in economics to assess the inequality of wealth or income, but is also used in other fields such as health, science, ecology, chemistry and engineering. Gini coefficients range from 0.23 (Sweden) to 0.70 (Namibia), but not every country has been assessedRead MoreInternational Business Essay Questions4285 Words   |  18 Pages1.. 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