Chapter 2 Notes

Chapter 2 Notes - Chapter 2 Notes (MNGT 470) Challenges for...

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Chapter 2 Notes (MNGT 470) Challenges for Managers Three Challenges to Managers: 1. Globalization 2. Workforce Diversity 3. Ethics How Managers Handle These 3 Challenges: 1. Shapes Employee Behavior 2. Affects Competition 3. Create Opportunities Changing Business Perspectives: From : International which implies an individual’s or organization’s nationality is held strongly in consciousness. To : Globalization which implies the world is free from national boundaries and that it is really a borderless world. From : Multinational organizations (in which the organization was recognized as doing business in several countries) To : Transnational organizations (in which the global viewpoint supersedes national issues) Factors in Cultural Differences: Individualism – a cultural orientation in which people belong to loose social frameworks; primarily concern for self and family. (Capitalism) Collectivism - a cultural orientation in which individuals belong to tightly knit social frameworks; depend on large extended families or clans. (Socialism) Power Distance – the degree to which a culture accepts unequal distribution of power. Uncertainty Avoidance – the degree to which a culture tolerates ambiguity and uncertainty. Masculinity – the cultural orientation in which assertiveness and materialism are valued. Femininity – the culture orientation in which relationships and concern for others are valued. Time Orientation
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This note was uploaded on 10/17/2011 for the course MNGT 470 taught by Professor Dr.macik-frey during the Spring '11 term at Nicholls State.

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Chapter 2 Notes - Chapter 2 Notes (MNGT 470) Challenges for...

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