Introduction and Problem Definition Garanti Bank (GB) which is one of the big private banks in Turkey had passed through a remarkable change operation. During this transformation‚ the mail goal was to redefine both culture and the organizational structure of the bank. Contrary to the culture present in Turkey at that time‚ Mr. Öngör and the management board accomplished creating a new culture in GB. Öngör had achieved changing the organizational structure and culture‚ but the only thing to do is
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summarized different cultures--power distance‚ uncertainty avoidance‚ individualism versus collectivism‚ and masculinity versus femininity. Hofstede’s power distance dimension focused on how a society deals with the fact that people are unequal in physical and intellectual capabilities. The individualism versus collectivism dimension focused on the relationship between the individual and his or her fellows. Hofstede’s uncertainty avoidance dimension measured the extent to which different
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Chapter 04 Cultural Dynamics in Assessing Global Markets True / False Questions 1. (p. 93) There is a moderate level American-style risk-taking among Japanese investors. FALSE Difficulty: Easy Type: Knowledge 2. (p. 93) The liberalization of Japan’s capital markets in recent years now gives Japanese more freedom of choice in their investments. However‚ only twelve percent of household financial assets are directly invested in stocks and a mere two percent in mutual funds
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power distance society treats inequality as basically undesirable and tries to reduce it where it arises. Thirdly‚ strong uncertainty avoidance versus weak uncertainty avoidance. Strong uncertainty avoidance society teaches people to try to beat the future‚ which create higher level of anxiety in people. Weak uncertainty avoidance society teaches their people to accept this uncertainty and not to become upset by it. Lastly‚ Masculinity versus femininity. In masculinity society‚ men are
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Cultural analysis | Vietnam | Individualism | 20 | Power distance | 70 | Masculinity | 40 | Uncertainty Avoidance | 30 | Long-Term Orientation | 80 | http://www.geert-hofstede.com/ Individualism Individualism focuses on the degree to which members of a culture focus on the individual or the group. In fact‚ Vietnam is a low individualism ranking type society with a more collectivist nature which means that the individuals bear strong ties amongst themselves. Floreal Knitwear Ltd
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Individualism vs Collectivism In essence this dimension deals with the relationship between the individual and the collectives in a given society. It is reflected in the way in which people live together. For example‚ nuclear families‚ extended families‚ tribes and other larger communities. It directly effects peoples values and behaviours. In some cultures individualism is sometime to be sought after but in others it is seen as alienation. Canada Canada has a score of 80 in this dimension
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for a Multinational Company The following issues can be conducted as follows- 1. Innovativeness of the proposed product or services. We will follow the Uncertainty avoidance index (UAI) for the Innovativeness of the proposed product or services. Uncertainty Avoidance Index (UAI): The Uncertainty avoidance index measures the tolerance of uncertainty and ambiguity among members of society. Example: Bangladesh -66 India -40
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V S M 94 VALUES SURVEY MODULE 1994 MANUAL by Geert Hofstede MAY BE FREELY USED FOR RESEARCH PURPOSES FOR REPRODUCTION IN COMMERCIAL PUBLICATIONS‚ PERMISSION IS NEEDED Copyright ( Geert Hofstede BV hofstede@bart.nl Contents How to use and not to use the VSM 94 3 1. Formulas for index calculation
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influenced by culture. He defines these dimensions as follows: Power Distance: ’the extent to which the less powerful members of organizations and institutions (like the family) expect and accept that power is distributed unequally’. Uncertainty Avoidance: ’intolerance for uncertainty and ambiguity’. Individualism versus Collectivism: ’the extent to which individuals are integrated into groups’. Masculinity versus Femininity: ’assertiveness and competitiveness versus modesty and caring’. Figure 1 Figure
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culture surrounding us is ever-changing (Zimmermann‚ 2012). There are four different dimensions of culture: power distance‚ uncertainty avoidance‚ individualism vs. collectivism‚ and gender focus. Learning about different cultural values is critical to the outcome of human behavior and interaction. There are four dimensions of culture: power distance‚ uncertainty avoidance‚ individualism versus conservatism‚ and gender focus (Michael A. Hitt‚ 2012). Power distance is the extent to which people
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