AFM333 Lecture Notes - Lecture 6: Decision-Making, Connecticut Compromise, Melting Pot

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM333
• Professor: Seth Brouwers

Document Summary

Cultural risk: know the culture to know the people, slim success of doing business if you don"t know the people, geography, history. Staff not organized or nice: not well trained, poor assortment of goods, poor branding, some did not have signs, assumptions, warehousing and shipping in canada was similar to u. s. Success in global markets: culture is the lens people think through, decision making. Fundamentally people share the same goals: safety, security, relationships, success, vacations, match company culture to the culture of the company. Canadian vs u. s. culture: canadian, founded by britain and france, at war historically, great compromise, socialistic ideals. Legislative action: connected to the rest of the world, peace, order, good government. Independent from britain through the war of independence: american dream, everyone by their own behaviour can be successful, melting pot, can come from anywhere but embrace american values, life, liberty, pursuit of happiness.