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Managers do not face the risk of their product becoming obsolete as long as they hold their product in inventory.
External, Situational
Factors or circumstances in the environment that are outside of an individual's control but can affect their behavior or decisions.
Geert Hofstede
is a social psychologist known for his research on cross-cultural groups and organizations, especially for developing cultural dimensions theory.
National Cultures
The shared customs, traditions, behaviors, and beliefs characteristic of a particular country or group of people.
Structured VS. Unstructured
A comparison between organized, clearly defined methods and those that are more flexible, lacking specific procedures or rules.
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