Hofstedes Cultural Dimensions Comparison - 1160 Words

Hofstede’s Cultural Dimensions Comparison When a business decides to venture internationally into different countries with its products, services, and operations, it is very important that the company gains an understanding of how the culture of the different societies affects the values found in those societies. Geert Hofstede conducted one of the most famous and most used studies on how culture relates to values. Hofstede study enabled him to compare dimensions of culture across 40 countries. He originally isolated four dimensions of what he claimed summarized different cultures — power distance, uncertainty avoidance, individualism versus collectivism, and masculinity versus femininity (Hill, 2013, p.110). To cover aspects of values not discussed in the original paradigm Hofstede has since added two more dimensions — Confucianism or long-term orientation and indulgence versus self-restraint (Hofstede, n.d.). Because of the way Hofstede’s cultural dimensions are given an index score from 0-100, it is e asy for a company to get a general comparison between the cultures they are expanding into and the culture they are already in. United States versus France For example, if a company based in the United States were going to expand into France, the company could use Hofstede’s 6 cultural dimensions to get a general look at the differences between the two. Then out of those differences, the company could see what approaches may or may not work, or what they may need to change,Show MoreRelatedCultural Frameworks Of Culture Differences1648 Words   |  7 Pages Therefore, it implies that people from different cultural backgrounds could have distinct behaviours and reactions even in the same situation. Thus, understanding the culture differences may be critical for conducting effective and efficient communications in multinational business management. Investigating into the potential influences of culture differences, this essay will discuss Hofstede’s cultural frameworks, with contrasts and comparisons with other frameworks; analysing the scores obtainedRead MoreThe Light Of Cultural Distance1197 Words   |  5 PagesIn the l ight of cultural distance, several models that had been acknowledged used to analyse cultural variations in terms of many aspects (Mooij Hofstede 2010). Similarly, cultural consequences could be beneficial for the global marketing in any business and can help to decide which advertising strategy is more relevant to adapt (Mooij Hofstede 2010). Hofstede model was the pioneer that distinguishes the culture into categories and became the most common have used among scholar and practitionersRead MoreCross Cultural Management Between China And Australia1498 Words   |  6 Pagesexamines Hofstede’s cultural framework and suggests that Hofstede’s cultural framework is an outstanding and authoritative tool to analyze culture differences. In this essay, cultural frameworks will be discussed firstly, following by a discussion of my cultural scores and background. Finally, recommendations on cross-cultural management between China and Australia will be provided. Discussion of cultural frameworks Geert Hofstede developed the widely applied Hofstede’s cultural dimensions, whichRead MoreHofstedes Dimensions Of The Organizational Culture702 Words   |  3 PagesKennedy, 1982). Dimensions of the Organizational Culture Although there were many dimensions of organizational culture, two major ones that have been widely recognized are Hofstede (1980) and Schein’s (1985). These dimensions of organizational culture are a useful way of comparing the basic properties of organizational culture in general. Hofstede’s Cultural Dimensions This study has adopted Hofstede’s and its dimensions of culture due to the following reasons: (i) Hofstede’s dimensions have been oneRead MoreThe Collective Programming Of The Mind1520 Words   |  7 Pagesdebate. Nevertheless, cross-cultural research brought a great deal of improvements into business and managerial studies. â€Å"Nationality and culture tend to coincide† (Hofstede, 1983), despite the fact that nations envelop a wide range of subcultures, beliefs, religions and code of conducts, in order to illustrate a country’s cultural mapping, numerous studies focused on making national generalizations in order to define and mea sure culture researches in the field of cross-cultural studies with the aim ofRead MoreCultural Dimensions Of Brazil And China1501 Words   |  7 Pages GCIM International Business and Management Assignment 1 Cultural Dimensions of Brazil and China Nouran AlSahhaf @00413902 â€Æ' Table of Contents Executive summery†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..3 Cultural Dimensions†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.4 Power Distance†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.4 Power Distance in China†¦Ã¢â‚¬ ¦................................................†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..4 Power Distance in Brazil †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.5 Uncertainty Avoidance†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.5 Uncertainty Avoidance in China†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Read MoreCase Study : Brown Casual Shoes Inc.1320 Words   |  6 Pagescompany members travelled to Shanghai to negotiate the business proposal and experienced some cultural and communication issues that could potentially affect the business deal. This report will analyse these issues within the context of intercultural issues, intercultural verbal communication issues and intercultural nonverbal communication issues; provide a literature review of Hofstede’s Cultural Dimensions model; explain five key issues using academic models; and finally provide recommendations forRead MoreCultural Differences Of The Workplace1046 Words   |  5 PagesCultural Differences in the Workplace Anyone who has traveled to a foreign country can tell you stories about traditions or cultural differences that are not familiar to them. By understanding these cultural differences in the work environment, leaders can get the most out a diverse workforce and be better equipped to compete in today’s global economy. To show how this can be done an overview of the research done by Professor Geert Hofstede will be discussed, followed by the examination of the differencesRead MoreHofstede s Five Dimensions : Cultural Differences Between Saudi Arabia And Australia879 Words   |  4 PagesFive Dimensions Hofstede’s five dimensions will help us compare cultural differences between Saudi Arabia and Australia relate to leadership. After a decade of research and thousands of interviews emerged Hofstede’s Cultural Dimensions, a model of cultural dimensions that have become an internationally recognized standard (Mind Tools, n.d, para. 5). These two very different cultures separated by miles and miles of ocean, share some surprising similar dimensions. Using Hofstede’s Cultural DimensionsRead MoreGeert Hofstedes Five Dimensions of National Culture - Australia1176 Words   |  5 PagesIslander peoples, the country’s original inhabitants, created the foundation for the land’s cultural traditions over 40,000 years ago. In addition, the rest of Australia’s people are migrants or descendants of migrants from various other countries who transported their own customs, beliefs, and value systems to the land. As a result, Australia’s culture h as significantly broadened its social and cultural profile over the years, and still continues to evolve today. A key component of Australian

Lululemon Case Essay examples - 8018 Words

Confirming Pages CASE 6 lululemon athletica, Inc. Arthur A. Thompson The University of Alabama I n early 2012, investor interest in lululemon athletica— a designer and retailer of high-end, yoga-inspired athletic apparel under the lululemon athletica and ivivva athletica brand names—was surging. Over the past 30 months, growing numbers of female shoppers were patronizing the company’s stores to pay premium prices for lululemon-branded items that offered performance, fit, and comfort and were stylish as well. The company’s functional and stylish apparel had taken on â€Å"must have† status among growing numbers of fitnessconscious women. People were flocking to lululemon stores not only because of the fashionable products but also because†¦show more content†¦Wilson also saw the company’s mission as one of providing people with the components to live a longer, healthier, and more fun life. Several new stores were opened in the Vancouver area, with operations conducted through a Canadian operating company, initially named Lululemon Athletica, Inc. and later renamed lululemon canada inc. In 2002, the company expanded into the United States and formed a sibling operating company, Lululemon Athletica USA Inc. (later renamed as lululemon usa, inc), to conduct its U.S. operations. Both operating companies were wholly owned by affiliates of Chip Wilson. In 2004, the company opened a franchised store in Australia as a means of more quickly disseminating the lululemon athletica brand name, conserving on capital expenditures for store expansion, and boosting revenues and profits. The company wound up its fiscal year ending January 31, 2005 with 14 company-owned stores, 1 franchised store, and net revenues of $40.7 million. A second franchised store was opened in Japan later in 2005. Franchisees paid lululemon a one-time franchise fee and an ongoing royalty based on a specified percentage of net revenues; lululemon supplied franchised stores with garments at a discount to the suggested retail price. Five years after opening the first retail store, it wasShow MoreRelatedLululemon Case Study1306 Words   |  6 PagesAssignment 1 Case Study Lululemon 1. Considering the five forces of competition and how they direct the profit potential for a given industry, discuss how the forces help explain Lululemon’s performance. 2. The resource-based model assumes that each organization is a collection of resources and capabilities, which provide the basis for a firm‘s strategy and its primary source of above-average returns. Use this this model to outline Lululemon‘s core competencies and how their capabilitiesRead MoreLululemon Case Study2260 Words   |  10 PagesAssignment for Course: MGT 5090 – Entrepreneurial and Strategic Thinking Submitted to: Dr. Regina A. Greenwood Submitted by: Anais Carrasco Date of Submission: May 30th, 2013 Title of Assignment: CASE 4 – Lululemon Athletica Inc. CERTIFICATION OF AUTHORSHIP: I certify that I am the author of this paper and that any assistance I received in its preparation is fully acknowledge and disclosed in the paper. I have also cited any sources from which I usedRead MoreLululemon Case Study1609 Words   |  7 PagesCase Study- lululemon Ethics and Social Responsibility Executive Summary Founded in 1998, lululemon has become an extremely successful company. Over the last 12 years of operation, its mission is to improve health, make a difference in all the communities it is located in, and provide guests with quality products to help them live healthy lives. Currently, lululemon still strives to make a difference in each community through the Community Legacies Program. Plans for expansion are also in effectRead MoreLululemon Case Study1094 Words   |  5 Pagesfood chains, which appeal to the youth, such as Chipotle and offer take-out delivery. Personally, I see Amazon capturing the food delivery service in the near future. However, some analysts such as Derrick, believe Amazon’s next step is to acquire Lululemon. All of this suggestion is highly probable. In the next century, it would not be surprising to see if Amazon was able to compete for all of these suggestions. Costco Costco’s channel management is certainly one of the reasons why the organizationRead MoreLululemon Case Study Essay947 Words   |  4 PagesLULULEMON CASE STUDY FEBURARY 9, 2013 Question # 1 SWOT Strengths: niche market leader, product technology, customer focused, quality, innovation, brand, corporate social responsibility, and sustainability Weaknesses: perceived female focus, Local centricity, price point, inventory, perceived as yoga only, distribution, and access to stores Opportunities: Product diversification, line expansion, accessories, leveraging perceived expertise, category leader, and expert Threats: BuyoutRead MoreLululemon Case Analysis Essay4336 Words   |  18 Pagesï » ¿ Lululemon Athletica, Inc. Created by: Kelsey Davis GBA 490-901 March 21, 2014 Table of Contents Executive Summary To: Laurent Potdiven Chief Executive Officer Lululemon Athletica Inc. This report has been created with the intent to analyze the athletic apparel industry with a specific focus on Lululemon Athletica, Inc., further refered to as Lululemon. In this report you will find that the strengths and weaknesses of Lululemon’s current strategies and future goals areRead MoreLululemon Athletica Inc. Case Analysis1506 Words   |  7 PagesThis paper commences by defining the problems that were faced by Lululemon Athletica Inc in 2013. After, the author explores the causes of the issues that the company was experiencing and the effects that they had on Lululemon Athletica Inc. The next step is to look at ways in which the issues could have been addressed both for the short-term and long-term. When all is said and done, the audience will fully appreciate why â€Å"Lululemon Athletica Inc should revert to its fundamentals – that is, to concentrateRead MoreLululemon Case Study Essay example780 Words   |  4 Pageslevels increase, and also, the intro duction of women-oriented gyms has also increased the customer base by encouraging more women to partake in fitness. Moreover, the technologies of designing and manufactured apparel have been constantly improved. Lululemon`s fastest wicking fabric is primarily used in running gear for women and men which the moisture wicking is inherent in the fabric so will last for the life of the garment. The analysis from porter`s five forces shows: Rivalry between establishedRead MoreLULULEMON Ethical BehaviourSocial Responsibility1467 Words   |  6 Pagesï » ¿ETHICAL BEHAVIOUR AND SOCIAL RESPONSIBILITY lululemon athletica There are many ways to measure the success of a business. A financial analysis of lululemon athletica, a Vancouver-based company, would show that it is valued at more than $220 million. Would looking at an improved level of health in its community be another way to measure the success of this company? lululemon athletica founder Chip Wilson would welcome your investigation of the improved health and well-being of people in the communitiesRead MoreLululemon Athletica Analytic Essay1633 Words   |  7 PagesCase Analysis #1 Problem Essay Lululemon Athletica Inc Samuel Ellison Presented for: Professor Kannangara Sunday, March 6th, 2016 BUSI4003 Introduction Lululemon Athletica Inc., founded in 1998 in Vancouver by Chip Wilson, is a company which designs and produces high-end yoga and technical athletic clothing. They have operated primarily in North America and Australia; their initial target customer was an educated woman who lives an active and healthy lifestyle. They opened their first

A Brief Evaluation of A Law Enforcement Stress Website Free Essays

Research method has come a long way as technology zooms forward to the cyber-space era.   From the pulp pages of the hard-bound books in the library, comes the digitally encrypted data compressed into what we call cyberspace. With just the click of the mouse button, one can access information readily available through the internet. We will write a custom essay sample on A Brief Evaluation of A Law Enforcement Stress Website or any similar topic only for you Order Now    Search engines like yahoo and Google made researching faster since it presents  hundreds of related topics of the subject being researched online. There is no need to go to the library just to borrow three books at a time.   The listings searched in the search engine tool are websites developed by programmers and the content can be reliable or not.   The important point of researching online is convenience and wide array of resources will always be made available. A Brief Evaluation of A Law Enforcement Stress Website There are a lot of websites that can aid researchers about law enforcement stress, but only a few can actually give full details on the subject based from the US government.   Upon searching the topic about law enforcement stress using the Google search engine, one can come across a title from the National Institute of Justice that when you click on it, it opens an Adobe Acrobat file  and shows the full text of a published book written by Peter Finn and Julie Esselman Tomz. It contains fourteen chapters tackling the subject starting from its definition and how was the program formulated, until aiding the researchers  to other resources related to this subject. This book is not only about law enforcement stress for officers, but it is about the program development of stress programs for officers and their families too.   This is a very handy compilation of the program by the US government that is easily accessed through the internet and compiled into a readable .PDF file so the book can be  downloaded  and printed for reference.   It provides illustrations and forms needed for this program in its appendices. This is government material that’s why  everybody  can access it without the need to go to the local library and saves researchers time and money.   For those who are researching about this topic, this is a one-stop shop where all related information is available, because endnotes are provided aside from the appendices. For those looking for newer updates, they cannot rely on this however, because this provides the 1996 sources and research data.   One has to go to other websites to look for the latest research and evaluation done about this program though. The leads and contact information included in this book can still provide details that can guide the researchers for the latest updates about this program.   This website is a highly recommended legal source of information about the law enforcement stress program. References Finn, P., Tomz, J. E.   December 1996.   Developing a Law Enforcement Stress Program For Officers and Their Families.   Department of Justice.   August 21, 2008. [http://www.ncjrs.gov/pdffiles/163175.pdf].    How to cite A Brief Evaluation of A Law Enforcement Stress Website, Essays

Effect of Price Elasticity on Demand-Free-Samples for Students

Questions: 1.Discuss how Price of a Product directly affects its Demand. 2.Discuss about the Absolute advantage and Comparative advantage theories. Answers: 1.Price of a product directly affects its demand. The extent of this effect is captured by price elasticity of demand. Change in demand proportion due to change in price is defined as price elasticity of demand. Therefore, the information of demand elasticity guides the producer to determine price of the concerned product. Producers involve in production activity with a profit motive. Revenue, which is the product of price and quantity, depends on demand elasticity. The elasticity affects differently to a producer operating in competitive market and those operating in imperfect competitive market. In case, the producer sells the product in competitive market setting a high price highly reduces demand for the product because of availability of close substitute (Mankiw, 2014).. On the other hand, monopolist seller benefitted from charging high price for product having low elasticity. Elasticity also differs depending on classification of the product. Products counted as necessary product are inelastic in nature. Therefore, changing price does not affect revenue and profitability. Luxury items are highly elastic nature. Hence, policy of a price decrease benefits the producers by a greater proportionate increase in sales volume. In a linear demand curve, there is portion where demand is elastic, inelastic and unit elastic. If the demand for the product is elastic then total revenue decreases with increase in output volume. In case of inelastic demand, revenue moves in line with output. That is if output decreases then revenue also decreases (Esteves Reggiani, 2014). For unit elastic demand no change in total revenue is realized even when output changes. 2.In international trade, two important theories are absolute advantage and comparative advantage theories. Adam Smith pioneers the first one while David Ricardo pioneered the second. Before the evaluation of comparative advantage, countries specialized depending on their absolute advantages. Absolute advantage measures productive efficiency. Between two countries, the country that can produce more goods using fewer amounts of resources in absolute term is said to have absolute advantage in that good. While comparative advantage is determined by considering the amount of goods, have to be sacrificed to produce one good. Greater the amount of sacrificed good greater is the opportunity cost (Gilpin, 2016). In comparative advantage theory, country specializes in good in which it has a lower opportunity cost. Productive resources are more important in absolute advantage while opportunity cost is important in comparative advantage theory. Comparative advantage illustrates the capacity of one country to produce one good in an efficient way than other. It usually compares countries production output for similar kind of goods or services. A country has absolute advantage if it is able to produce greater amount of goods and services when same resources are made available to them Comparative advantage takes into consideration overall level of production of a country in given time as contrast to absolute advantage (Hanson, Lind Muendler, 2015). Absolute advantage can capture output of multiple goods but not overall production. Unlike absolute advantage notion of mutual benefit is involved in comparative advantage. Because of a detailed analysis of ability of nations, comparative advantage is a more acceptable theory in international trade. References Esteves, R. B., Reggiani, C. (2014). Elasticity of demand and behaviour-based price discrimination.International Journal of Industrial Organization,32, 46-56. Gilpin, R. (2016).The political economy of international relations. Princeton University Press. Hanson, G. H., Lind, N., Muendler, M. A. (2015).The dynamics of comparative advantage(No. w21753). National bureau of economic research. Mankiw, N. G. (2014).Essentials of economics. Cengage learning.