AFM333 Lecture Notes - Lecture 5: Permanent Employment, Folklore, Acculturation

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

Document Summary

Key concepts of culture: captures how people live, how they act towards others & defines values in how people view life. National, professional and corporate culture: employees are socialized into these 3 cultures. Cultural metaphors: a distinctive tradition strongly associated with a particular society, guide to de(cid:272)ipheri(cid:374)g people"s attitudes, (cid:448)alues & (cid:271)eha(cid:448)iours, eg. American football is a cultural metaphor for traditions in us, such as being team player & having a strong leader. Cultural stereotypes: generalizations about a group of people that may or may not be true; often overlooking real, deeper differences, eg. (cid:862)(cid:373)a(cid:374)a(cid:374)a sy(cid:374)dro(cid:373)e(cid:863) = stereotype that lati(cid:374) a(cid:373)eri(cid:272)a(cid:374)s te(cid:374)d to pro(cid:272)rasti(cid:374)ate. Cultural idioms: an expression whose symbolic meaning is different from its literal meaning, (cid:862)to roll out the red (cid:272)arpet(cid:863) = (cid:449)el(cid:272)o(cid:373)i(cid:374)g guest (cid:271)ut (cid:374)o a(cid:272)tual (cid:272)arpet. Low-context cultures rely on elaborate verbal explanations & put emphasis on spoken words: express ideas & thoughts clearly; communication is direct; meaning is straightforward, eg.