MGMT 3101 Lecture Notes - Lecture 5: Time Perception, Intellectual Capital, Social Capital
Document Summary
Intellectual capital: psychological capital, social capital, ethnocentrism, project globe (p. 66, high context and low context cultures, time perception (monochrome/polychrome) (p. 70, expatriates, repatriates. Individualism vs collectivism: power distance (high, low, uncertainty avoidance (high, low, masculinity vs femininity, values and norms (the difference, trompenanrds dimensions (will be explained) Would you save your mom or your child: different answers based on culture, many choose to save child for the duration of life, east asians had a result of 100% of the people choosing their mother. 18% of ex patriots sent to london will fail: tokyo: 36% will fail, saudi arabia: 68% will fail, 2. 6 million a year in costs for u. s corporation. To avoid this failure, we must: research the culture of the country one is going to, train individuals to be in the new culture and choose the right candidates. Translation: converting a language and then converting it back to the original language leads to many differences.
