Directions: Identify the numbered statement below by putting check () if the cultural dimension is practiced internationally and (x) if practiced in the Philippines of locally. In to 1 to 2 sentences, explain your answer. 1. Time orientation 2. Individualism-collectivism 3. Monochronic culture 4. Power distance

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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(4) Please help me answer this one. Please refer to the subsequent picture for your guide and notes in answering the given questions. Read the directions and instructions very carefully.
Local and International Business Cultures
What is it?
Understanding the local and international business environment of the firm requires managers of
organizations to sharpen their cultural intelligence.
Cultural intelligence is an individual's ability to favorably receive and adjust to an unfamiliar way of
doing things.
Cultural Dimensions:
Monochronic cultures - refer to cultures wherein people tend to do one thing at a time; also, these
cultures emphasize punctuality and sticking to set rules.
➤ Polychronic cultures - refers to more flexible as regards to time and accomplishing many different
things at once.
Power Distance-the degree to which a society accepts or rejects the unequal distribution of power
among people in organizations and the institutions of society.
► Uncertainty Avoidance-the degree to which society is uncomfortable with risk, change, and
situational uncertainty.
Individualism-Collectivism-the
degree to which a society emphasizes individual accomplishments
versus collective accomplishments.
> Masculinity-Femininity-the degree to which a society values assertiveness and feelings of material
success versus concern for relationships.
Time Orientation-the degree to which a society emphasizes short-term thinking versus greater
concern for the future or long-term thinking.
Transcribed Image Text:Local and International Business Cultures What is it? Understanding the local and international business environment of the firm requires managers of organizations to sharpen their cultural intelligence. Cultural intelligence is an individual's ability to favorably receive and adjust to an unfamiliar way of doing things. Cultural Dimensions: Monochronic cultures - refer to cultures wherein people tend to do one thing at a time; also, these cultures emphasize punctuality and sticking to set rules. ➤ Polychronic cultures - refers to more flexible as regards to time and accomplishing many different things at once. Power Distance-the degree to which a society accepts or rejects the unequal distribution of power among people in organizations and the institutions of society. ► Uncertainty Avoidance-the degree to which society is uncomfortable with risk, change, and situational uncertainty. Individualism-Collectivism-the degree to which a society emphasizes individual accomplishments versus collective accomplishments. > Masculinity-Femininity-the degree to which a society values assertiveness and feelings of material success versus concern for relationships. Time Orientation-the degree to which a society emphasizes short-term thinking versus greater concern for the future or long-term thinking.
Directions: Identify the numbered statement below by putting check (√) if the cultural dimension is
practiced internationally and (x) if practiced in the Philippines of locally. In to 1 to 2
sentences, explain your answer.
1. Time orientation
2. Individualism-collectivism
3. Monochronic culture
4. Power distance
Transcribed Image Text:Directions: Identify the numbered statement below by putting check (√) if the cultural dimension is practiced internationally and (x) if practiced in the Philippines of locally. In to 1 to 2 sentences, explain your answer. 1. Time orientation 2. Individualism-collectivism 3. Monochronic culture 4. Power distance
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