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Application of Hofstede's Cultural Dimensions

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Application of Hofstede's Cultural Dimensions
Kevin knew that it was likely his corporation was going to ask him to go abroad and manage the new chemical factory they were building. He was excited about the prospects but also apprehensive. He had never traveled before and, as far as he was concerned, there was only one way to do anything- the "American way." He decided some research was in order to at least get an idea about other countries. In his reading, he learned that some cultures place a high priority on a loose social framework, where they feel primarily responsible for themselves and their immediate family. He also learned that in some societies, employees show a great deal of respect for those in authority, and titles and rank carry much weight. Some countries have little job mobility and practice lifetime employment. He also learned that some countries are characterized by assertiveness and materialism. Now he wondered if there was any framework to help organize his thoughts.
-A culture that is characterized by assertiveness and materialism would be demonstrating which dimension of national culture?


Definitions:

Demand Deposits

Bank accounts from which money can be withdrawn at any time without any notice, such as checking accounts.

Short-Term Bonds

Debt securities with maturities typically less than five years, often used by investors seeking lower risk and more liquidity.

Double Coincidence Of Wants

A situation in a barter system where two parties each hold an item the other wants, allowing them to exchange goods directly without the need for money.

Stocks And Bonds

Financial instruments representing ownership in companies (stocks) and debt obligations (bonds).

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