formula developed by Kogut and Singh in 1988 in the Journal of International Business Studies (JIBS)? Explain the formula in your own words. In the formula CD means the culture difference between two countries. Iij is the country score in a certain cultural dimension. Vi is the Variance of the score of one of the 4 dimensions. If this formula is filled in‚ the CD between 2 countries will come out. 2. What is the difference between mean and variance? Can you explain the example given in the lecture
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Business Negotiation: A Cross Cultural Perspective from Collectivism and Individualism Introduction Business negotiation can be defined as "a process in which two or more entities come together to discuss common and conflicting interests in order to reach an agreement of mutual benefit" (Harris and Moran‚ 1987‚ p.55). As we know the international business negotiations are significantly increased accompany with the ever-increasing interdependent relationships due to globalization. According to
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Cultural Relativism and Ethnocentrism may attribute to the differences btw Religion & Magic. Ethnocentrism is a cultural attitude that one’s own culture is the best‚ thus we evaluate other cultures on the basis of our own cultural perspective. On the other hand‚ Cultural Relativism is opposite of ethnocentrism and is based on understanding other cultures in the context of that culture only and not from our own cultural standard. According to Durkheim religion is a system of beliefs and practices
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Matrix SOC 315 ETHNOCENTRISM MATRIX Review the characteristics listed in each of the following categories: “Presumed American Cultural Norms” and “Presumed Cultural Norms of Other Cultures.” Based on personal experience‚ list the possible advantages and disadvantages of each cultural norm. Also‚ indicate whether the norms are true. Presumed American Cultural Norms | |True/False |Advantages |Disadvantages
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Importance of Cross-Cultural Training for Expatriates As soon as an employee is chosen for an overseas position‚ cross-cultural training turn into a key step in the process of preparation for the desired foreign effectiveness. Cross-cultural training is considered the primary instrument for supporting successful cross-cultural interaction and dealings.. The training is presented to an organization after a decision has been made to send an employee or a manager abroad for an overseas assignment‚
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people to negotiate across cultural and national boundaries. There are many cultural challenges‚ to be considered while conduct business negotiation in cross cultural situation. Cultural dimension theory and negotiation process help to understand these challenges and find the remedies. For instance‚ Hofstede four dimensions and high and low culture context dimensions are two important theories to explain the behavior of negotiator in international business from cultural perspective. From these theories
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Another framework is the Sue (2001) threefold model of cultural competence that integrates five race- and culture specific constituencies who merit such competence (African Americans‚ Asian Americans‚ Latino Americans‚ Native Americans‚ and European Americans); 31 specific competencies divided into three domains (beliefs/attitudes‚ knowledge‚ and skills); and four ‘‘foci’’ or levels of analysis to which cultural competence should apply (individual‚ professional‚ organizational‚ and societal). There
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Communication Guide Cross-Cultural Communication When people communicate with others for business purposed it is important that communication is open‚ clear‚ and concise. When it involves people or groups of people from two different countries that are working together it is vital that the cultural background and ways of life are considered because it will allow each group to effectively communicate with each other. When it comes to business practices a lot of cultural beliefs is brought in to the
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Introduction The topic of cross-cultural management is becoming increasingly popular. As more and more organizations expand globally‚ people from culturally diverse backgrounds have recognized the need to work together effectively by learning to be culturally sensitive. Although it appears that managing virtual teams is more complex than managing traditionally aligned teams‚ success of virtual teams in software fields would suggest otherwise. This paper focuses on the interactions of people
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Executive Summary This assignment is to analyze the U.S. culture and Japanese culture by using Hofstede’s 5 cultural dimensions and Trompenaars’s cultural dimensions. According to the Wal-Mart’s Japanese strategy case to distinguish the difference culture in Japan compare with U.S. There are some problems that Wal-Mart may encounter which are Japan’s current distribution system‚ people’s traditional thinking of low price equate low quality and people would not going big shopping. The inherent
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