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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 where employees show a great deal of respect for authority and where titles and rank are important would be an example of which dimension of national culture?
Long-term Business Focus
A strategic approach that prioritizes sustainable growth, investments, and operational decisions that benefit a company in the long run rather than focusing on short-term gains.
Unwanted Attention
Undesirable focus or notice from others, often causing discomfort or distress.
Accounting Methods
Accounting methods refer to the rules a company follows in reporting revenues and expenses in its financial statements. The two main types of accounting methods are accrual basis and cash basis.
Politicians
Individuals involved in governing or making public policies, often holding elected positions.
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