Learning Objectives: 1. Describe culture’s effect in international business. 2. Learn models and explanations of culture. 3. Understand managerial implications of culture.
Directions: Visit the indicated websites and respond the following questions (10 points each question) 1. Based on the Hofstede Cultural Dimensions model (https://www.hofstedeinsights.com/country-comparison/) a. How does the US score in each of the 6 dimensions? b. What country shows the highest level of individualism? c. How is the Indulgence score of Latin American countries like Mexico and Venezuela compared to the US? What about China? d. How does the USA compare with China, Russia and Germany in all dimensions? e. Explain how a business person can use the model when doing business with people from other countries? Give examples
2. Based on the Transparency International’s 2021 Corruption Index (https://www.transparency.org) a. According to Transparency International, what is corruption and what are its costs? b. Which countries top the list as the least corrupt? (name 5) c. Which are the 10 countries with the highest level of corruption? d. What is the score and the ranking of the USA in the corruption ranking? e. Do you see a correlation between corruption and economic development of a nation? Explain why this may be.
