Risk and Insurance in International Trade AMB 302 ACeL Amity University Risk refers to a situation where outcome are uncertain. In other words risk occurs whenever there is a variation in the actual outcome and expected value. In Business if there is a variation between the actual and the expected value, business suffers a loss, therefore the term risk is also used to describe the expected losses or the variation from the actual outcome. Course Objectives: The course aims at making
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A Culture Briefing of Japan University of Maryland University College MGMT615, April 09, 2012 Turnitin.com = Abstract Japan is located off the North Pacific Ocean and the Sea of Japan. Japan civilization dates back more than 30,000 years. Japan has four main islands, Hokkaido, Honshu, Shikoku and Kyushu. Japan’s capital city of Tokyo is one of the largest metropolitan areas in the world. Japan has four main season and climate mirrors that of a southern state in the US. Japan is
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process of creating new ideas and putting them into practice, and it must be nurtured, championed, and supported as a core organizational value. Some innovation killers are: • Lengthy development times • Poor coordination • Risk-averse cultures • Avoidance of customer feedback As a manager, how do I foster innovation in a company?: Change the culture of the company. SWOT analysis: Strengths, Weaknesses, Opportunities, Threats in the external and internal environment. Define Management: Understand
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direction that benefit the organization. Motivation has a persistence direction. This measures how long a person can maintain effort. Motivated individuals stay with a task long enough to achieve their goal. (pearson) The motivational theories fall into two main categories such as content theories of m otivation and process theories of motivation where content theories explains the dynamics of human needs such as why people have different needs at different time whereas Process theories do directly explains
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MANAGE RISK 1. What is the purpose of the standard known as AS/NZS 4360: 2004 Risk? This Standard provides a generic guide for managing risk. This Standard may be applied to a very wide range of activities, decisions or operations of any public, private or community enterprise, group or individual. While the Standard has very broad applicability, risk management processes are commonly applied by organizations or groups and so, for convenience, the term ‘organization’ has been used throughout
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Prates model was used as a reference. This model proposes nine cultural traits that are present in the Pakistani business environment: Power Concentration, Personalism, Paternalism, Expectant Posture, Formalism, Impunity, Personal Loyalty, Conflict Avoidance and Flexibility. The method used was quantitative via the development and application of a closed instrument Liker type (attitudinal scale) involving the nine Barros & Prates cultural traits. The instrument was validated in terms of items and
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negotiation encounter as a limited or one-time event and simply fail to anticipate that they will need info until they are heavily involved in negotiations. 2) Novice negotiators believe the process doesn’t start until they the other party face-to-face and don’t prepare at all. 3) Homework! People dislike homework and don’t do it. The most important piece of info is your BATNA. Some people make mistakes with regards to their BATNA… 1) May set a broad or vague BATNA, which cannot
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1. Introduction Cross-cultural literacy (an understanding of how cultural differences across and within nations can affect the way in which business is practiced) is important to success in international business There may be a relationship between culture and the costs of doing business in a country or region Culture is not static, and the actions of MNEs can contribute to cultural change 2. What is Culture? Question: What is culture? Culture is a system of values (abstract ideas about what
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communication 2. Vietnamese vs. American perceptions and communication styles 2.1 Vietnamese vs. American perceptions 2.1.1 Individualistic vs. collectivistic cultures 2.1.2 High- vs. low-context cultures 2.1.3 Face-saving 2.2. Vietnamese vs. American communication styles 2.2.1 Ways of greetings 2.2.2 Topics for conversation 2.2.3 Silence and Eye contact 2.2.4 Touching 2.2.5 Other nonverbal gestures
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Leadership Social Loafing * A phenomenon that occurs in groups whereby group members exert less effort than when working independently Causes: * Equitable contribution (fairness, equal input among members) * Lack of group cohesion (likely to loaf if not good friends) * Lessened relationship between input and outcome Bandura’s Theory of Moral disengagement * Advantageous Comparison- comparing our actions to others, judging ourselves to other bad things that others are doing
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