which is an ancient banking system in Ghana‚ worth USD 160 million. The model resembles microfinance in several ways; susu collectors (equivalent of loan officers) roam villages and rural communities to collect savings (micro-savings) and sometimes offer credit against these savings (microcredit). The susu collector is expected to manage the “mobile mini-bank” on his/her own with integrity and honestly. There are currently around 4‚000 susu collectors in Ghana and each one of them serves between
Premium Microfinance Bank Poverty
Cultural Differences and People Management Module Guide Hofstede‚ Hall and Trompenaars see the world as composed of national cultures with ’distinctive values‚ languages‚ management stules‚ and ways of doing business ’ (Holden‚ 2002:226). How useful do you think this approach is for today ’s interconnected and fluid business world? Word count: 1935 Introduction Nowadays‚ interacting with people from foreign cultures is part of our daily routine. In fact
Free Culture Cross-cultural communication Globalization
Culture Theories:PART I: Comparing and contrasting the Hofstede and GLOBE theory:Abstract:Ethics plays an important part in influencing the culture of business. Ethics is defined as a set of principles for an individual or a group of individuals. Some ethics are influences by religion and some by region. Still there are common ethics which influence every individual. There are various theories which suggest various methods to be followed by organizations to deal with conflicting cultures in organizations
Premium Culture Geert Hofstede Leadership
Brazil is similar to many Latin American countries when analyzing Hofstede ’s Dimensions. Brazil ’s highest Hofstede Dimension is Uncertainty Avoidance (UAI) is 76‚ indicating the society’s low level of tolerance for uncertainty. In an effort to minimize or reduce this level of uncertainty‚ strict rules‚ laws‚ policies‚ and regulations are adopted and implemented. The ultimate goal of this population is to control everything in order to eliminate or avoid the unexpected. As a result of this high
Premium Geert Hofstede
Bishwakarma Paula Wilder EFL 074 30 August 2013 Summary of Ghana In the Ghana reading project and presentation by author Paula Wilder‚ she presented the information about Ghana. Ghana is one of the countries of Western Africa with more than 23 million people‚ who are living and working in different places of country. Ghana has six ethnic groups with different languages‚ but English is the official language as Ghana was freed from Britain in 1952. Ghana designed their flag with three colored stripes and
Premium Ghana West Africa Africa
significant kingdoms flourished on the west coast of what some refer to as the motherland: Africa. The name of these two mighty states are Ghana and Mali. Ghana was the first West African state of which their was any record. After the downfall near the end of the eleventh century‚ Mali rose up to take their place as the economic‚ religious‚ and cultural hub of West Africa. These two states are very similar yet differ in many ways also. The economy of the two states are very similar. Ghanaians
Premium Islam Africa Ghana
GSM5200 MARKETING MANAGEMENT - GROUP STUDY Nestlé (Ghana) Ltd. “An Analysis on Situation and Marketing Strategy Proposal to Maintain Brand Equity and Expand Brand Penetration of Nestle Products in Ghana‚ West Africa” “How to effectively expand market in least developing countries” is the major issue found in the case. This consists of derived issues faced by the company which can be correlated with marketing studies. By The American Marketing Association‚ marketing is defined as the activity
Premium Marketing
EDUCATION IN GHANA Ghana’s educational system has been hit with series of reforms for the past decade‚ it is quite obvious that most of them are concerned with the duration (the year interval). Various political parties has added them to their manifestos‚ preaching it to its masses without thinking about the educational structure itself. One may ask whether these political parties would do as they say‚ but this has been the tradition since time immemorial. Even the two vibrant political parties
Premium Education Politics Political party
The Western African region has had many different empires come and go‚ but there are three that stand out the most. The Ghana‚ Mali‚ and Songhai empires are very famous in the Western African region because of the cultural significance they had. These three empires had immense control over the gold mines and trade and so therefore the territories had a surplus in gold. They had so much gold that they would trade it for something as little and common as the spice salt. The kingdoms started out as
Premium
1. The summary of Geert Hofstede The text refers to the study of culture in the environment of organization. Especially how culturally different participant can make an constructive and efficient intercultural dialogue. At the beginning of the publication Geert Hofstede points attention to the example which shows how different cultural background influences our way of thinking and acting. Moreover‚ autor deals with the notion of culture and its connection to the mental programming. He describes
Premium Culture Anthropology Psychology