Cultural Awareness
In Hofstede's model, this dimension deals with the degree to which less powerful members of society accept that power is distributed unequally. What is it?
Power distance
Name the 4 Strategies of the theory
Differentiation
Cost leadership
Cost focus
Differentiation focus
Define "open-minded"
This expression describes someone who is willing to consider new ideas.
Define "come up with?"
This phrasal verb means to think of a solution or idea
This European city is known for its canals and is often called 'The Floating City'
Venice
Name some Values that correspond to the category of a Masculine country and a Feminine country
Masculine: Preference in society for achievement, heroism, assertiveness, sucess
Feminine: preference for cooperation,modesty, caring for the weak and quality of life
This type of differentiation strategy targets a broad market, aiming to be unique in ways that are valuable to customers
Differentiation Strategy
If something takes a long time to complete, we call it this.
Time-consuming
Which phrasal verb describes the exhaustion caused by overworking?
burn out from
This person is the famous scientist known for the theory of relativity.
Albert Einstein
Explain the element of "Long term orientation vs short term orientation"
It's about the objectives, long term orientation implies objectives which would be accomplished in 2,3,5,10 years and short term would be for the ones we seek to implement them immeadiately.
Which strategy involves offering products at a lower cost to a specific segment of the market?
Cost focus
What expression describes someone who is confident in their abilities without being arrogant?
Self-assured
What phrasal verb means to distinguish oneself from others in a noticeable way?
stand out from
This empire, centered in present-day Mexico, was conquered by the Spanish in 1521
Aztec Empire
Explain the element "Individualism vs Collectivism"
Individualism: Taking care of yourself and your family.
Collectivism: Taking care of people who are not your family. Achieving something as a team
Explain the Cost Leadership Strategy. Provide advantages of it.
A strategy that reduces the cost of operation and produces the lowest priced products or services, to outdo the closest competitors and gain market share.
Advantages: protifatibility, competitive prices, gain market share
Which term refers to a person who is calm and relaxed in their approach?
easy-going
Define "play the part of"
Example: social and economic factors may have also played a part
make a contribution to a situation.
This English king famously had six wives and established the Church of England.
Henry VIII
Explain the element "Indulgence vs Restraint"
Indulgence: Stands for a society that allows free gratification of basic and ntural human drives related to enjoying life and having fun.
Restraint: Stands for a society that suppresses gratification
Explain the Differentiation Focus strategy. Provide an example.
An approach to competitive advantage in which a company attempts to outperform its rivals by offering a product that is perceived by consumers to be superior to that of competitors even though its price is higher.
Example: Tesla
What expression refers to a person who is modest and doesn’t seek attention?
low-key
Define "keep in with"
Example: "He was simply trying to keep in with his friends"
Remain on good terms with someone.
The assassination of this man in 1914 is often cited as the trigger for World War I.
Archduke Franz Ferdinand