Give an Overview of Geert Hofstede's Five Dimensions of Cultural

question 62

Essay

Give an overview of Geert Hofstede's five dimensions of cultural values.How can understanding these values help managers?

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Definitions:

Direct Method

A cash flow statement approach that lists major classes of gross cash receipts and payments.

Revenues and Gains

Income generated from normal business operations and other positive financial events.

Cash Flows

The complete sum of funds flowing into and leaving a business, significantly impacting its liquidity.

Net Income

is the total earnings of a company after all expenses and taxes have been subtracted from total revenue; a key indicator of financial health.