Addressing cultural differences across virtual teams As a result of growing global competition‚ today ’s businesses are no longer confined by geographic borders. Globalization drives many businesses into emerging markets and low wage countries to take advantage of their intellectual capital‚ and lower cost of operation. These changes have given rise to the "virtual team"; a cross-cultural group of co-workers that span international borders and typically communicate by means of technology rather
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McDonald’s is a global fast food restaurant chain which can trace it’s roots back to humble origins. Originally started in 1940 as McDonald’s Bar-B-Q by brothers Dick and Mac McDonald‚ the restaurant was eventually bought out by Ray Kroc‚ the founder of the modern McDonald’s Corporation. Kroc was originally a franchisee who became a pioneer of the fast food industry by aggressively expanding the business into all parts of the country and the globe until his death in 1984. Today there are over 34
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Assignment #2 Yohanan Zemichael PSCI 2602: A03 October 11‚ 2012 The framework of global political economy has evolved through a series of historical periods. For this paper‚ I will be comparing the overall structure and organization of the global political economy during the Bretton Woods period (1945-1975) and the Contemporary period (1975-2010). The main objective will be the United States’ projection of political power throughout these two historical periods. By
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Chapter 1 The United States in a Global Economy .1 Outline Introduction Globalization in Perspective The Growth of World Trade Capital and Labor Mobility New Features of the Global Economy New Issues in International Trade and Investment The Role of International Organizations Regional Trade Agreements Trade and Economic Growth Twelve Issues in the International Economy The Gains from Trade Wages‚ Jobs‚ and Protection Trade Deficits Regional Trade Agreements The Resolution of
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Cultural Differences between America and China China has been influenced by Confucius for over 2500 years‚ and there are still people truly believe in the old fashion‚ that made Chinese people have different views of this world. On the other hand‚ the United State of America is the biggest economy in the world‚ American people have more open mind‚ so they are easy to learn and accept new things. In China‚ people are easy to settle‚ they are satisfy with what they have right now‚ it was also affected
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American Cultural Imperialism: Fact or Myth? The phenomenon known as globalization has brought sweeping changes to the world. Forces associated with globalization like the spread of capitalism‚ advancements in communications and information technology‚ and expansion of the media have contributed to these changes. The main trademark of globalization has been an increasing flow of exchange in trade and culture. With this lowering of barriers‚ some people have begun to talk of a global culture.
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1. What are Hofstede’s five dimensions of cultural differences that affect work attitudes? Using these dimensions describe the United States. 1.1 Individualism vs. Collectivism‚ the individuals believe they should make their own choices and be responsible for them‚ they are concerned about losing their social frames‚ in contrast the collectivism involves the loyalty and group thinking in order to create hormonal work process. The individualism encourages individual achievements‚ as collectivism
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Political and Economic Aspects of Cultural Differences Economics: • production – making of goods • consumption – using up goods • exchange – transfer of goods Subsistence Strategies: how you meet basic survival needs of food‚ clothing‚ shelter. • Modes of Production – dominant way you make a living Relations of Production—relationships that organize production (serfs/lords; workers and capitalists) Means of Production—material resources available for producing food. Food Collectors: Foraging‚ Hunting
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for human life--to discover life’s meaning. Naturally‚ due to cultural differences‚ incongruities arose in man’s interpretation of how best to live and how best to be faithful‚ and eventually man focused more on those differences rather than the similar theme that was emphasized in each of the Holy Books: to love our neighbors and to love God‚ or whatever higher entity we chose to worship (Interview). As time progressed‚ these differences in opinion began to become forms of identification‚ and man
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protect the domestic producers. Since WWII‚ many international organizations and trading agreements have been established to try and breakdown the trading barriers between countries and reduce the amount of protection to increase trade in the global economy. There are many methods that a government can provide to protect domestic producers from international trade. The first method of protection is a tariff which is a tax imposed on imported goods. This method has been used by governments to increase
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