GEB 3373 Lecture Notes - Lecture 19: Protestant Work Ethic, Startup Company, Collectivism

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The collection of values, beliefs, behaviors, customs, and attitudes that distinguish one society from another. > a society"s culture determines the rules that govern how firms operate within the society. Learned: transmitted from one member of society to another. Interrelated: affect many facets of society, from personal to work. Adaptive: changes in response to external forces. Shared: creates members who are in/out of society. Social structure, language, communication, religion, values & attitudes. > interaction of elements affects local environment in which firms operate. > also affects ability of countries to respond to changing circumstances. Families: nuclear families more important in us, extended family more important elsewhere. > other societies define family more broadly; clans, people who share common ancestor. How people are classified on the basis of birth, occupation, educational achievement, or other attributes. > importance of these categories varies society to society. > mncs sometimes must adjust hiring/promotions to take into account class/clan differences.

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