Euro Disneyland 1. This research is an excellent example to show how Hofstadter’s four cultural dimension work when Multinational Company decides to do business overseas. Using the Hofstede’s four cultural dimensions as a point of reference‚ some of the main cultural differences between the United States and France are strong French uncertainty avoidance‚ high individualism‚ centralized power structures and lower masculinity scores Uncertainty avoidance index shoes the degree to which people feel
Premium The Walt Disney Company Walt Disney Parks and Resorts Disneyland Resort
International Business & Economics Research Journal – January 2009 Volume 8‚ Number 1 69 Strategic Human Resource Management And Global Expansion Lessons From The Euro Disney Challenges In France Guergana Karadjova-Stoev‚ Nova Southeastern University‚ USA Bahaudin G. Mujtaba‚ Nova Southeastern University‚ USA ABSTRACT The strategic role of human resource (HR) management should be seen as an integral element of a company’s overall success in accomplishing its mission and business strategy.
Premium The Walt Disney Company Human resource management Walt Disney Parks and Resorts
After the massive success that the Walt Disney Company has achieved in Tokyo‚ the company suffered a big failure in the next overseas expansion venture which was named Euro Disneyland. The failure’s main reason was the lack of the emotional intelligence that should be present in effective leaders. In particular‚ the emotional intelligence components are: self-awareness‚ self-regulation‚ motivation‚ empathy‚ and social skill. The most important element that was missing in this case is empathy which
Premium The Walt Disney Company Walt Disney Parks and Resorts Walt Disney
Euro Disneyland Case Study 1. INTRODUCTION: The primary objective of this case analysis is to evaluate the proposed Euro Disneyland (EDL) project by applying Capital Budgeting techniques such as Net Present Value‚ analyze financial and economic risks‚ measure exposures of Euro Disneyland (EDL) such as economic exposure‚ transaction exposure and translation exposure‚ and develop strategies to mitigate these exposures. The case findings reveal that Disney should invest in Euro Disneyland taking
Premium The Walt Disney Company Walt Disney Currency
Case Study: Euro Disneyland 1. Using Hofstede’s four cultural dimensions as a point of reference‚ what are some of the main cultural differences between the United States and France? Some of the perceptions on how Americans see French people include: flamboyance‚ arrogance‚ being emotional and hierarchal. In the other hand‚ perceptions of how French people view Americans include: being aggressive‚ workaholic‚ unprincipled and naive. Power distance is the extent to which employees‚ or less powerful
Premium Cross-cultural communication Paris Geert Hofstede
Power distance is one of the five dimensions of Hofstede’s framework for assessing culture. Hofstede has defined power distance as “the extent to which inequality in power is accepted and considered as normal by less powerful people in a society.”(Hofstede‚ p. 307‚ 1986). He divided this dimension into two categories: 1. Small 2. Large Small power distance: Small power distance means that the extent to which less powerful people accept the social inequality is small‚ that is members
Premium Japan Geert Hofstede Liberal democracy
employees during 1967 to 1973. He has first focused on 40 largest countries and then extended his research to 50 countries and 3 regions. This initial analysis identified systematic differences in national cultures on four primary dimensions: power distance (PDI)‚ individualism (IDV)‚ uncertainty avoidance (UAI) and masculinity (MAS)‚ which are described below. As Hofstede explains on his academic website‚ these dimensions regard “four anthropological problem areas that different national societies
Premium Cross-cultural communication Geert Hofstede Korean Air
France – Jamaica Power Distance France working culture is centraly based on working hierchies‚ indivuidualism and high uncertainty avoidance. France is a country with high (68%) inequalities acceptance . It is a country where laboral hierachy exist‚ and were power is consolidated in hands of the minority. Employees have a great respect for their superiors‚ and only report to their inmediate managers‚ where information formaly continues its flow hierarchicaly Also‚ this herarchy seem to limit
Premium Geert Hofstede
through his power or formal position‚ but through the principles of cooperation and agreement. Being a good listener is considered to be another important quality. In discussions with his staff‚ a professional manager should use reason and base his views on facts. Getting emotional when discussing a problem is considered rather inappropriate. Power Distance The power distance in Swedish companies is among the smallest in the world‚ according to a study of 40 countries in 1984. ’Power distance’ can be
Premium Management Sweden Behavior
POWER DISTANCE IN FAMILY Most of us are born in a family‚ a very important part of our everyday life. After our birth we begin to receive a menthal education from those older than us‚ not only from our parents‚ but from our grandparents. They educates us in the spirit of correctness‚ it teaches us the value of love‚ affection‚ care‚ self-confidence and provides us advice and valuable suggestions which are necessary to get success in our life. Actually‚ as children‚ we take our parents as a
Premium Family Mother Father