Indulgence vs Restraint

Indulgence vs Restraint        Indulgence is the last dimension in Hofstede’s cultural model. It refers to the degree to which a culture allows human nature to direct its behavior. Indulgence is related to basic needs. It indicates the extent to which a society pays attention to these drives. If a society highly values…

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Cultural Differences: Business Etiquette Part 2

Cultural Differences: Business Etiquette Part 2       Cultural differences affect business communications and define business etiquette according to social rules and norms within a certain culture. On the other hand, globalization has brought cultures closer, blurring the borders between cultural norms. Instead, people now have to understand the environment in which they word…

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Cultural Differences: Business Etiquette part 1

Cultural Differences: Business Etiquette part 1       Cultural differences become heightened when people from different nations or even organizations come together to do business, making business etiquette an essential knowledge. National cultures usually dominate business environment, unless their environment involves international interactions. Multinational organizations employ people from different countries. On the other hand,…

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Cashflow Statement

Cashflow Statement       Cashflow statement is essential to accrual accounting method. When using accrual accounting, actual company transactions occur at a different time from when they are stated. Therefore, in order to keep track of the cash flow and to prevent cash deficit, a cash flow statement is prepared. It is important to…

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Basic Psychological Needs

Basic psychological needs       In his book, Choice Theory, William Glasser introduces four basic psychological needs and explains how people make choices to meet one or more of these needs. He also elaborates on how the degree of these needs can affect behavior and in turn relationships. His work can help us better…

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Handling Telephone Calls

handling telephone calls       Handling telephone calls is a necessary to people who have to make business calls every day. Telephone calls act as catalysts in business processes. Sometimes they are convenient for short talks and discussions about a matter that needs several people’s attention. At others, they make it easy for colleagues,…

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Hofstede’s long term orientation

Hofstede’s long term orientation       Long term orientation is the fifth dimension in Hofstede’s cultural model. It is defined as the extent to which a society looks forward to the future rather than resorting to the past to solve the problems in the present or the future. Making decisions based on past experiences…

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uncertainty avoidance and culture

uncertainty avoidance and culture       The fourth component in Hofstede’s cultural dimensions refers to how cultures deal with uncertainty. The uncertainty avoidance index ranges from uncertainty tolerant to cultures avoiding under certainty. The more a society welcomes uncertainty and is able to tolerate it, the more uncertainty tolerant it is. This dimension shows…

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