Cultural Theories - Geert Hofstede's Five Dimensions of Culture Flashcards
Power Distance
The distribution of power between leaders and employees.
Uncertainty Avoidance
A company’s tolerance for ambiguity.
Individualism vs. Collectivism
The value a company places on autonomy vs. collaboration.
Long-term vs. Short-term Orientation
Refers to a company’s perspective on change management: if the company has a long-term orientation, they believe that the world is constantly changing and they must plan for change; if the company has a short-term orientation, they believe that the tradition should be respected so there is no reason to plan for too much change.
Indulgence vs. Restraint
A company’s propensity to immediate gratification or adherence to established standards of behavior.