Examlex
Name the five dimensions of national culture proposed by Geert Hofstede.Give an example of how each manifests itself in organisations.Why is it important for a manager to be aware of these dimensions?
Public Good
A good that is non-excludable and non-rivalrous in consumption, meaning it can be used by everyone and one person's use does not reduce its availability to others.
Public Goods
Are goods that are non-excludable and non-rivalrous, meaning they can be used by anyone without reducing their availability to others.
Positive Externalities
Benefits that an individual or firm's actions impose on others without compensation, leading to socially beneficial outcomes.
Unsafe Intersection
A road junction that presents a higher risk of accidents due to poor design, insufficient visibility, inadequate signage, or other factors.
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