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Discuss the significance of suppliers as an outside stakeholder group.
Society
A group of individuals living together in a community or organized group, sharing common traditions, institutions, and values.
Hofstede's Framework
A model that describes national cultures according to several dimensions, including individualism vs. collectivism and power distance, offering insights into cultural differences.
Individualism-Collectivism
A cultural dimension that measures the degree to which individuals are integrated into groups, focusing on self-reliance versus group interdependence.
Meglino's Value Schema
A framework proposed by B.M. Meglino that outlines how personal values influence individuals' attitudes and behaviors in various contexts, including the workplace.
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