Strengths As the recent FTSE100 report demonstrates‚ Vodafone is ranked 3rd on the basis of market capitalization numbers. This suggests that Vodafone Company has a strong brand reputation in domestic (UK) and international markets. According to Brand Directory‚ (2011)‚ Vodafone has increased the brand value by 6 % in 2011 (from $ 28‚995 to $ 30‚674 millions). Vodafone has always followed an aggressive internationalization strategy‚ which has been supported by the recent investments
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Collectivism In essence this dimension deals with the relationship between the individual and the collectives in a given society. It is reflected in the way in which people live together. For example‚ nuclear families‚ extended families‚ tribes and other larger communities. It directly effects peoples values and behaviours. In some cultures individualism is sometime to be sought after but in others it is seen as alienation. Canada Canada has a score of 80 in this dimension which is its highest score
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In Romania‚ the minimum wage is around 110 €. So‚ the employees costs increased‚ but these wages are the lower of the EU. We can differentiate 3 group in Europe for the minimal wage : Bulgaria and Romania are in the lower group‚ which included Latvia(172 €)‚ Lithuania (173€)‚ Slovakia (217€)‚ Estonia(230€)‚ Hungary(257€)‚ Poland (245€) and Czech Republik (288€) (Source: Eurostat). So‚ from a labour costs approach‚ it’s a good opportunity for our company to invest now in Bulgaria and Romania‚ because
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| Vietnam | France | Power distance This dimension deals with the fact that all individuals in societies are not equal – it expresses the attitude of the culture towards these inequalities amongst us. Power distance is defined as the extent to which the less powerful members of institutions and organisations within a country expect and accept that power is distributed unequally. | Vietnam scores high on this dimension (score of 70) which means that people accept a hierarchical order in which
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written contracts‚ meeting agendas and so on. Examples: Lawyers representing angry clients Example of countries: North America‚ UK‚ Australia 3. Outline and briefly discuss the five Hofstede dimensions. How might each of these dimensions impact on work practices? Hofstede’s 5 culture dimensions: Power distance Power distance expresses the degree to which the less powerful members of a society accept and expect that power is distributed unequally. The essential matter here is how a society
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FOREIGN DIRECT INVESTMENT (FDI) IN ROMANIA - Definitions‚ theories‚ benefits. Characteristics of econometric modeling PhD. Senior Lecturer Gheorghe SĂVOIU PhD Candidate Lecturer Suzana POPA University of Pitesti Abstract This paper analyzes some characteristics of economic and econometric literature in the field of FDI after 1990‚ in Romania‚ as well as some specific issues in the process of practical modelling. A more detailed presentation of John Harry Dunning’s eclectic theory and a simple
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Contemporary Management “Dimensions of National Culture (Hofstede)” Assignment no. 1 Dimensions of National Culture We know we are living in a global age. Technology has brought the world much closer together. This means that people of different cultures find themselves working together and communicating more and more. Building connections with people from around the world is just one dimension of cultural diversity. You also have issues like motivating people‚ structuring projects
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Associate Level Material Six Dimensions of Health Worksheet Part 1 For each of the following six dimensions of health‚ list at least one characteristic‚ activity‚ belief‚ or attitude that reflects that dimension in your life. Provide a brief explanation with each example. Refer to Ch. 1 in the text for explanations of these dimensions. Physical health: For my physical health I like to go hiking‚ and walking with my son. We live in a rather large apartment building‚ so on nice days we
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must understand the characteristics of the cultural differences. Cultural issues are key factors of company success and failure. Culture differences can have important effects on companies operating in another country. (Deresky‚ 2006) from this report will choice China‚ U.S. and Britain. Hofstede’s culture dimensions are basic framework to analyse the culture differences between China and U.S. and Britain. It the most popular theories and used by many national culture. Hofstede (1980) developed five
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is a unique system of values and norms that are believed by a group of people who live in the same society. Since culture is unique‚ Geert Hofstede tried to study the differences. After the study‚ he proposed five dimensions to measure the cultural difference between nations. The following parts will explain Hofstede Framework briefly. The first dimension is Power Distance. It is a tool to measure the power difference between levels in organization. In a group with high power distance‚ the majority
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