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Showing posts with the label power distance

A Culture of Economic Engagement Creates National Growth

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Culture and economics not often something that are seen together as its smacks of elitism. However, culture as a belief system has a noticeable impact on societal behavior and the everyday choices people make that contribute to economic development. A paper by Svetlana Overbaugh, indicates that culture should be a major consideration in the determination of countries that are ripe for international investment and growth (2013). Falling trade barriers, communication improvements, and shipping improvements have opened the markets to major change. Those nations that are likely to succeed have the right culture and infrastructure to capitalize on this change. As Asian countries zoom ahead in growth, Americans and Western European nations continue to lose market share. The time for regeneration based upon basic cultural principles may be needed to reclaim the marketplace. The degree of economic freedom and the pace of a country’s growth influence its economic competitiveness (Joh

Mexican Power Distance Relationships and Communication Styles

The passage of the North American Free Trade Agreement (NAFTA) along with more recent immigration of Mexican Americans has led to newer understandings of the power-distance dynamics of communication embedded in the South American culture. As new business partnerships emerge that lead to the furthering of relationships in Mexico, American managers will need to understand how communication and culture influences the organization processes. Furthermore, strong managers should have a global perspective to more effectively manage diverse cultures. Mexico is seen as having a high power distance culture. They ranked with a score of 81 points that puts them fifth among 50 countries within the study (Hofstede’s, 2001). The greater this high-power distance the more uncomfortable employees feel when talking to managers, executives and others within positions of authority. Such employees would feel a natural anxiety when trying to connect with their supervisors and managers. Imagine f