What major aspect of colonialism has left a mark in the way in which businesses operate?

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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  1. What major aspect of colonialism has left a mark in the way in which businesses operate?
  2. What could one expect in a Low Context culture when it comes to HR procedures and norms?
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Colonialism is the act or policy of one people or power exerting control over another people or region, frequently through the establishment of colonies and generally with the goal of economic domination. Colonialism is primarily connected with the European colonial period, which began in the 15th century with the establishment of colonial empires by various European powers. Some historians refer to this period in past as the "Age of Capital," or the Capitalocene, an epoch that covers the profit-driven age that has resulted in climate change and worldwide land transformation. According to scholars, oppression has isolated indigenous peoples to varied proportions from their own epistemes and methods of seeing and being in the world.

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