Economic development leads to democratisation o Managing the global economy entrusted to the elite - Debunking the myths 揭露真相 o Income inequality: limited trickle-down effect from globalisation o Economic development o Comparison of China and India: poverty alleviation policies o Policy, not technology, is responsible for problems associated with G - Corporate Globalization: the future o The public good and the negative effects o Short-term hardship and long-term gains o Overpopulation and internal inequality o Abuse of market power o Developed countries: weakened organized labour, tax policies o New technology adoption by emerging market economies - What lies ahead? o No winners in trade wars o Retaliation: me first / we’re first 对利己贸易的反击 o Interdependency and close connections
Bobbie Tuition IBUS1101 GLOBAL BUSINESS WeChat ID: ACEIT_AU Culture Definition - Culture can be defined as values, beliefs, customs, arts, and other products of human thought and work that characterize the people of a given society and shared over time. Cross Cultural Management - Cross-cultural risk is one of the risks in international business - Opportunity exists where businesses can leverage cultural differences to provide the potential for learning and benefits. - Lack of cultural understanding and sensitivity can result in miscommunication. Negative responses can put businesses at risk. Essential Elements of Culture Key Dimensions of Culture - Values represent a person’s judgments about what is good or bad, acceptable or unacceptable, important or unimportant, and normal or abnormal. o Examples ： values common to Japan, North America, and Northern Europe include ： § hard work § punctuality § wealth acquisition - Attitudes and preferences are developed based on values, and are similar to opinions, except that attitudes are often unconsciously held and may not have a rational basis. - Customs 习俗 and Perceptions 认知能力 o Manners and customs § behaving and conducting oneself in public and business situations. Formal 有尊卑之分 or egalitarian 人人平等 ? § present in eating habits, mealtimes, work hours and holidays, drinking and toasting, § appropriate behavior at social gatherings, greetings, gestures, gifting, role of women o Perceptions of space § reflects each culture’s orientation about personal space and conversational distance. § Handshake: firm 重握 or limp 轻握 § Friendly hug § Greeting: • kiss on cheeks, or kiss on the hand • Southeast Asia: palm in front of the chest • Japan: bowing - Symbolic and Material Productions o A symbol can be letters, figures, colors, or other characters that communicate a meaning. § Examples: flags, anthems, seals, monuments, and even historical myths o Material productions are artefacts, objects, and technological systems that people construct to function within their environments.
Bobbie Tuition IBUS1101 GLOBAL BUSINESS WeChat ID: ACEIT_AU - Language o Language is essential for communications o Linguistic proficiency 一定的语言水平
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