Management final

• Globalization


  GLOBE project's 9 cultural dimensions
• Power distance


  A perceived inequity in the distribution of power
• Uncertainty avoidance


  The extent of group reliance on established social norms as a means to avoid uncertainty, including reliance on rules, structures and laws
• Institutional collectivism


  The degree of collective action compared with individual action
• In-group collectivism


  The degree to which people show cohesiveness in groups
• Gender egalitarianism


  Levels of difference between gender roles in society
• Assertiveness


  The degree to which a culture determines behavior in social relationships
• Future orientation


  The degree to which planning and investing in the future is considered important
• Performance orientation


  Value or reward attached to performance
• Humane orientation


  Value attached to fairness, altruism and generosity
• Triple bottom line


  Increasingly, non-economic accomplishments, such as reducing waste and pollution, are also viewed as critical performance targets to satisfy stakeholders
• A positive relationship between Corporate Social Responsibility (CSR) & financial performance has been reported
• Groupthink


  A group pressure phenomenon that increases the risk of the group making flawed decisions by allowing reductions in mental efficiency, reality testing, and moral judgment
• Social loafing


  The tendency of individuals to put in less effort when working in a group context
• Ringelmann effect: physically measured by an agricultural engineer, Max Ringelmann, in 1913. As the number of people pulling a rope increased, the group's total pulling force was less than the sum of individual efforts had been when measured alone
• Mission


  Who we are? What we value?
• Vision


  Who we want to become
• Goals & Objectives


  How we gauge our degree of success
• Strategy


  How we will achieve our vision