Economic Research 64:4, 2012, 0307-3378 DOI: 10.1111/j.1467-8586.2010.00364.x CULTURE AND GROWTH: SOME EMPIRICAL EVIDENCE Dustin Chambers and Susan Hamer Department of Economics and Finance, Salisbury University, Salisbury, USA ABSTRACT Using Hofstede’s cultural data set, this paper examines the impact of cultural characteristics on a nation’s economic performance. Using a two-step estimation procedure, we first estimate a panel growth regression and obtain estimates of each nation’s fixed effects
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Influence of National Culture and Other Forces on Management Control Practices of Bangladesh. Abstract This study attempts to examine the influence of national culture and other forces on management control practices of Bangladesh by applying Schneider and Barsoux 2003 culture/ control profiles and some other alternative theories. A triangulation of research methods are followed for this purpose. Evidence from telephone interviews, researcher’s personal experience and other empirical works are
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comes from the market itself and the external environment of the firm. The company has to find the market from where it can gain competitive advantage. For deciding on which market to enter, Porter five forces, as a framework for industry analysis can be a great help. This framework is very useful when it comes to business strategy development. Porter says that the nature and degree of competition depends on these five forces: threat of new entrants, bargaining power of customers, bargaining power
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MA International Business Management Cross-Cultural Management -HRP009N ‘Learning strategies rely heavily on employee involvement’ you need to add the full title of the topic as given in the handbook Autumn Semester 2011-12 December 5th 2011 Dayana Lima Rodriguez Table of Contents Introduction ................................................................................................................................ 2 Summary of the case study.......................................
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expand there client base to a global level. This paper will discuss the standardized marketing strategy of IKEA and evaluate the issues surrounding standardized marketing on a global scale by relating it to multinational corporations alike. Using Hofstede’s Culture theory, it will also discuss whether our cultures of the world are becoming similar, or are we seeing a direct reflection of clever marketing. What standardization (and adaption) could be considered to be: the offering of identical product
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Globalization Paper - Fast Food in China Anastasia Allen, Terry Clevenger, Robert Combs, Kirk Dickerson, Cassie Sherlin April 28, 2013 China is a country that prides themselves on history and tradition. China has possibly been the greatest country to contribute to modern day society. But not even the ever so powerful China can resist a bucket of Kentucky Fried Chicken or a juicy hamburger from Burger King. The majority of fast food began in the United States, but now has spread across the
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of $6 per unit and symbolizes the following Hofstede’s cultural dimensions: individualistic, low-power distance, low-term orientation and low-context. The American team wants an inexpensive price. The other team is an all-female negotiating team from China that offers cell phones with a $9 per unit price tag. The Chinese team wants a merchant for their cell phones which permits them to make proceeds. The Chinese side symbolizes the following Hofstede’s cultural dimensions collectivistic, high-power
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Cultural Management Theories and Challenge for Global Managers Preface The hospitality and the tourism industries are inter-related. Neither industry is limited to country boundaries. They are growing very rapidly. In a world which has become globalized, international trade barriers are becoming less and funds can be more easily obtained at present than in the past which boost the development of these industries throughout the world. More and more multinational organisations have emerged in these
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1. How would you respond to someone who made the following statement “Organizational culture is not important as far as managers are concerned?” Explain. Culture represents the personality of an organization, having a major influence on both employee satisfaction and organizational success. It expresses shared assumptions, values and beliefs and is the social glue that holds an organization together. An organizational culture is defined as the shared assumptions, values, and beliefs that
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smaller 3 globalization and global marketing 4 Globalization: Opportunity or Threat? The Global Marketing Approach 6 6 global marketing and global markets 7 the cage distance framework 7 domestic and global marketing compared 8 Geographic or Spatial Distance 10 Psychic/Cultural Distance 12 The EPRG Framework 13 Developing Global Marketing Strategy 14 The Standardization versus Localization–Adaptation School 14 Levitt and the Globalization of Marketing 16 Standardization versus Mass
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