(4)Please help me answer this one. Please refer to the subsequent picture for your guide and notes in answering the given questions. Read the directions and instructions very carefully. Local and International Business CulturesWhat is it?Understanding the local and international business environment of the firm requires managers oforganizations to sharpen their cultural intelligence.Cultural intelligence is an individual's ability to favorably receive and adjust to an unfamiliar way ofdoing things.Cultural Dimensions:Monochronic cultures - refer to cultures wherein people tend to do one thing at a time; also, thesecultures emphasize punctuality and sticking to set rules.➤ Polychronic cultures - refers to more flexible as regards to time and accomplishing many differentthings at once.Power Distance-the degree to which a society accepts or rejects the unequal distribution of poweramong people in organizations and the institutions of society.► Uncertainty Avoidance-the degree to which society is uncomfortable with risk, change, andsituational uncertainty.Individualism-Collectivism-thedegree to which a society emphasizes individual accomplishmentsversus collective accomplishments.> Masculinity-Femininity-the degree to which a society values assertiveness and feelings of materialsuccess versus concern for relationships.Time Orientation-the degree to which a society emphasizes short-term thinking versus greaterconcern for the future or long-term thinking. Directions: Identify the numbered statement below by putting check (√) if the cultural dimension ispracticed internationally and (x) if practiced in the Philippines of locally. In to 1 to 2sentences, explain your answer.1. Time orientation2. Individualism-collectivism3. Monochronic culture4. Power distance

Cultural dimensions describe how different cultural groups are discovered to be in terms of…

Answered: Directions: Identify the numbered…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Can you guys help me on this? Thank you! Here is the question: Is it possible for a country's economy to be based entirely on services? Here's my classmate's reply: It is technically achievable but difficult for a nation's economy to be completely focused on services. Services are becoming the main economic sector in modern economies, particularly in high-income nations. For instance, services make up more than 75% of GDP in the US and the UK (World Bank, 2020). This covers industries like technology, finance, healthcare, education, and tourism. Rather than manufacturing or agriculture, human capital and knowledge-intensive industries are the main priorities of a service-based economy. A solely service-driven economy would, however, have serious difficulties with regard to trade imbalances, resource availability, and independence. The fact that services by themselves do not produce tangible things is one of the main challenges. Basic necessities for a nation still include food,…
Company: Coca Cola Topics: Sustainability & Community Write a report and make a presentation about a news story relating to a business interacting with the external environment. The story should relate to one of the topics, have occurred within the past 5 years, and must be business-related. Define and describe the two topics covered and there relevancy to that story Summarize the news story you chose and why this is an example of a business interacting with its external environment (what happened / what is happening) What was the outcome, or what is the intended outcome of this interaction between the business and its external environment. Which stakeholders are impacted by this interaction?
Because of the evolution of technology, especially over the last two decades, letter writing in business has slowly fallen by the wayside. We are more apt to send a quick email as correspondence rather than sending a formal letter to a customer or colleague. The document that has probably suffered the most, however, is the handwritten thank you note, and it has almost become a lost art. My questions to you are these: 1. Do you write handwritten thank you notes in your business life? Have you sent a handwritten thank you note to an interviewer after a job interview? 2. Do you write handwritten thank you notes in your private life?

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