Buad 330 EXAM Student Review Questions 2018 (1).doc

Buad 330 EXAM Student Review Questions 2018 (1).doc - Final...

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Final Exam Essay Questions Review 1. Discuss the primary advantages and disadvantages of globalization. Do you believe the advantages outweigh the disadvantages? How can the effects of the disadvantages of globalization be reduced? 2. Describe the difference between collectivism and individualism. Are these two ideologies compatible or in direct conflict? Which ideology seems to be gaining ground and which ideology is waning? Is this good news or bad news for international commerce? Explain your answer. 3. Hofstede isolated four dimensions that he claimed characterized the cultures of different countries. Briefly describe each of Hofstede's four dimensions. Should Hofstede's dimensions be used by managers to determine how cultures differ and what that might mean for management practices? 4. In an extensive study that was published in a book entitled The Competitive Advantage of Nations, Michael Porter concluded that four broad attributes of a nation shape the environment in which local firms compete, and that these attributes promote or impede the creation of competitive advantage.
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