Solved

Refer to the Scenario Below to Answer the Following Questions

question 49

Multiple Choice

Refer to the scenario below to answer the following questions.
Understanding Cultural Differences-GLOBE (Scenario)
John has done well in his company. In only five years, he has risen to the position of divisional manager. However, he knows that in order to rise to the level of senior management, he needs to spend some time managing abroad in his company's foreign subsidiaries. Although he has travelled to foreign countries on business and vacations, he has never lived abroad, and he wonders what cultural differences he would find. He is considering applying for a new foreign-based position, but he first wants to learn about some of the basic differences between managing in Canada and managing in a foreign country. John researched the topic of international management and found many helpful facts about various countries and their people. But perhaps the most interesting model he found was the GLOBE framework for assessing cultural differences. Using data from thousands of managers in 62 countries, the GLOBE research team identified several dimensions on which national cultures differ. As John reviewed the GLOBE rankings, he began to appreciate why managers on foreign assignments need to be incredibly sensitive to cultural differences!
-In reviewing the GLOBE rankings, John examined the cultural similarities between Canada and various other countries. He was surprised to find that Canada, Denmark, and Netherlands all ranked high on __________.

Definitions:

Entrepreneurial Process

A sequence of steps from the conception of a business idea through its launch and growth, involving opportunity recognition, resource gathering, and market entry.

Harvest Strategy

A planned approach to exiting a business or investment to achieve maximum possible returns, often used in venture capital or private equity.

Core Aspects

Fundamental elements or components that are essential to the nature or function of something.

Attract Capital

The process or strategy employed by organizations to secure investment or funding from external sources.