L4M8 Outcome 3/Hofstede (Outcome 2) Flashcards
What hidden costs can be linked to global sourcing and the extended supply chain?
Internal overhead (sourcing suppliers)
Transition costs (agents fees) Language
Time difference
Post contract reviews
What element in Hofstede refers to how much people accept that power is distributed unequally? It also relates to whether people are equal and have influence.
Power Distance
What are the benefits of Hofstede?
The Hofstede model can help businesses understand and adapt to cultural differences when operating in different countries.
It can also help improve relationships, decision-making, and success in global markets.
What are the disadvantages of Hofstede?
The Hofstede model’s dimensions are based on comparisons between many countries, but not all.
Within-country variation can be significant, so the maps of the model’s dimensions should be seen as rough generalizations.
List the objectives related to the creation of a business case.
Demonstrating strategic thinking.
Improving decision making
Enabling senior mgt to evaluate proposals and compare alternatives/options.
Can check whether the business case is valid.
Which Hofstede element refers to how society views the past, present and future? It also looks at planning for the short term and long term.
Long-term vs Short-term Orientation (5)
What does Individualism vs Collectivism mean in the Hofstede model?
Whether society prefers a close knit or collective society.
Whether personal needs and goals are accepted by society or should be a collective (1).
Masculinity vs. Femininity in Hofstede?
Whether a society values achievement, heroism, and assertiveness (2).
Uncertainty Avoidance in Hofstede?
How uncomfortable people are with uncertainty.
High UA is when people are happy as they are and low UA is when they are happy for change (3).
How much a society allows people to enjoy life and have fun in Hofstede?
Indulgence vs. Restraint (6)
What are the four elements of Handy’s Culture model?
Power (RBS; Enron).
Role
Task (projects e.g. Transformation)
Person (lawyers and accountants).
Power culture is what leadership style?
Autocratic
Role culture is which leadership style?
Autocratic or paternalistic.
Task culture is which leadership style?
Paternalistic/democratic
People culture is which leadership style?
Democratic
What are the four Ts in Risk Management?
Tolerate, terminate, treat and transfer.
