Culture, in my own opinion, is a unique system of values and norms that are believed by a group of people who live in the same society. Since culture is unique, Geert Hofstede tried to study the differences. After the study, he proposed five dimensions to measure the cultural difference between nations. The following parts will explain Hofstede Framework briefly. The first dimension is Power Distance. It is a tool to measure the power difference between levels in organization. In a group with
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A Web Research on Nokia’s Comeback Strategy in Smartphones I. Background of the Company http://www.presseportal.de/pm/120575/3329790 Nokia Corporation, founded in 1865, a Finnish multinational communications and information technology organization. The company had various industries in its 150-year history, originally founded as a pulp mill, and currently focuses on large-scale telecommunications infrastructures, and technology development and licensing. Nokia eventually entered into
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DEVELOPING AN INCENTIVE PLAN FOR SALES PERSONNEL FROM DIFFERENT CULTURES Expanded Background Selling is an integral part of international business. For consumer goods, customers usually meet with sales personnel in retail stores. For industrial goods, the sales personnel usually visit potential buyers in their offices. Sales personnel may be expatriates (home-country nationals who re-locate abroad) or host-country nationals. Firms usually prefer to hire hostcountry nationals, because they are
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Application of Computational Methods Real Estate Investment Industry: (project no) Authors :( 3:3:3) Application of Computational Methods Real Estate Investment Industry Abstract The paper studies the computation methods applied in real estate brokerage industry, Real estate development is a commercial activity involving taking the take the future of an area and trying to shape it needs of future generations and the ambition
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profit as a goal of the business, it is because maximizing profits relates to profits only, and it assumes away the problems such as uncertainty of returns and the timing of returns, while maximization of the market value of the owners’ equity has take into all the considerations of all the financial decisions, such as wealth for the long term; risk or uncertainty; the timing of returns; and the stockholders’ return. Maximization of profits is regarded as the most commonly cited goal, always concern
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effective project risk management, i.e., (identifying risks, assessing risks, responding risks, and monitoring and/or reviewing risks. Nerija (2012) The overview of definitions which can be found in literature regarding those two terms implies that uncertainty is a broad concept and risk is a part of it. This confirms close relation between those two concepts but at the same time distinguishes them. In the following chapters, the focus is on risk itself and how it should be handled. Uncertain is not a
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As stock markets have crashed, and uncertainty has increased, consumers move their money to the safest currencies and countries in the world. Predict the effects of an increase in uncertainty on GBP/U.S. dollar exchange rates. When uncertainty increase, consumer and investors move their money to less risky places. Increase of uncertainty will depreciate USD relative to GBP. In other words if domestic consumer spend $1 to buy a chocolate from UK, now they have to spend $1.2 to buy the same chocolate
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The three decision-making environments presented in the book are decision making under certainty, decision making under uncertainty, and decision making under risk. Decision-making under certainty – Decision makers knows the outcomes of every alternative or choice. They will make a decision based on what will benefit them the best. I’m a firm believer of eating healthy foods all the time. The healthier you eat the better your reproductive system will respond and the better you will
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with respect to the ability of the client to continue as a going concern for a reasonable period of time not to exceed one year beyond the date of financial statements. Factors that auditors should consider in evaluating potential going-concern uncertainties are: Negative trends, including recurring operating losses, working capital deficiencies, and negative cash flow from operations. Indications of financial difficulties, including default on loans, denial of trade credit from suppliers, restructuring
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According to John M. Berry, scientists write in uncertainty. In the excerpt from The Great Influenza, Berry interprets how the general public view the scientific research. Berry’s thought of an ideal scientist is on that goes beyond their own uncertainty and finds explanations about things that were not thought of before. Berry informs his well-educated audience through expert quotes, metaphors, and rhetorical questions to categorize scientific research. To begin with, Berry wanted to capture
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