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It is the process by which businesses or other organizations develop international influence or start operating on an international scale.
GLOBALIZATION
It is a practiced that brings people together from countries that have different cultures, values, laws, and ethical standards.
GLOBAL BUSINESS
It refers to the “power inequality” between superiors and subordinates.
POWER DISTANCE
It consist of everything in our surroundings that is made by people.
NATIONAL CULTURE
Global Risks Bribery Antitrust Activity
Internet Security and Privacy
Labor and Right to Work
Human Rights Health Care
Compensation Consumerism
What are the four cultural dimensions?
Individualism/Collectivism
Power Distance
Uncertainty Avoidance
Masculinity/Femininity
It has a distinctive culture and beliefs about what business activities are acceptable.
NATION
INTERNATIONAL MONETARY FUND
He represents the most recent form of capitalism.
MILTON FRIEDMAN
It is a concept that morality varies from one culture to another and that “right” and “wrong” are defined differently.
CULTURAL RELATIVISM
A father of the second incarnation of Capitalism.
JOHN MAYNARD KEYNES
SOCIALISM
Who identified four cultural dimensions that had impact on the business environment?
GEERT HOFSTEDE
What are the main types of economic system?
CAPITALISM
SOCIALISM
MIXED ECONOMY
He was a professor in 19th century in logic and moral philosophy and considered the father of modern free market.
ADAM SMITH