MGT 201 Lecture Notes - Lecture 5: Shared Decision-Making In Medicine, Free Trade, Opportunity Cost
Document Summary
Includes the technological, economic, political/legal, and socio- (cid:272)ultural di(cid:373)e(cid:374)sio(cid:374)s that affe(cid:272)t a fir(cid:373)"s exter(cid:374)al e(cid:374)viro(cid:374)(cid:373)e(cid:374)t: task environment. Individuals who gravitate toward low power distance prefer shared decision making and consensus while those who favor high power distance prefer deference to authority. Low power distance refers to more democratic societies such as austria and denmark. High power distance refers to autocratic societies such as china and parts of latin. Individualism refers to a focus on individual goals and achievements while collectivism refers to a focus on group goals and relationships. United states is mostly individualistic, while latin america is strongly collectivistic: cooperative versus competitive. Individuals who gravitate to cooperative relationships prefer collaboration and group participation while those who gravitate to competitive relationships prefer individual achievement, competition, and assertiveness. Previous research referred to these dimensions as feminine (cooperative) and masculine (competitive). Countries with high uncertainty avoidance, such as the majority of latin american countries, prefer more rules, planning, and structure.
