GMS 200 Lecture Notes - Geert Hofstede, Guanxi, Small Victories

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Rodney Umrah

Document Summary

Very important to pay attention to ranking corruption the higher the value the worse the country is. Transparency international report allows you to see how corrupt a country is. Have to know the regulations or laws of the country you are running your business in. Culture is a huge key factor in operating a business within another country. Edward taylor that complex whole which includes knowledge, belief, art, morals, law custom and other capabilities acquired by man as a member of society . Geert hofstede: the collective programming of the mind which distinguishes the members of one human group from another . A shared set of beliefs values and patterns of behavior common to a group of people. Values = abstract ideas and beliefs about what is good, right and desirable. Norms = social rules that govern the peoples actions. The shared set of beliefs, values and patterns of behavior common to a group of people.