Describe the Basic Cultural Dimensions Proposed by Hofstede and GLOBE

question 41

Essay

Describe the basic cultural dimensions proposed by Hofstede and GLOBE and identify their similarities, differences, and limitations. Provide three examples of how international managers might use the information from these cultural dimensions to be more effective.

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Definitions:

Intangible Assets

Intangible assets are non-physical assets having value due to their intellectual or contractual rights and may include patents, trademarks, and goodwill.

Trademarks

Symbols, names, phrases, or logos registered or established by use as representing a company or product.

Goodwill

The intangible asset that arises when a business is acquired for more than the fair value of its net identifiable assets, representing future economic benefits.

Allocation

The distribution of a cost or expense across multiple departments, projects, or activities based on a predetermined criterion.