ADM 3318 Lecture Notes - Lecture 2: Individualism, Collectivism, International Business

• School: University of Ottawa
• Department: Administration
• Course: ADM 3318
• Professor: Tyler Chamberlin

Document Summary

> managers must be good social scientists - understand people in different contexts. > international business requires an even higher degree of social sciences capabilities - > the social sciences are incredibly complex - we learn by breaking complexity down into units that we can better comprehend. Political economy = refers to the ways in which the political and economic realms connect and are interrelated. > concepts like property rights require both political and economic development. What can and cannot be owned?, rights and responsibilities of owners, role of laws and regulations. > relationships in the social sciences are not governed by the laws of nature - acceptance of laws is not certain nor permanent. Westernised individualistic conceptions vs jack ma"s ordering - customers, employees, > limitations on individuals and corporations - regulating guns vs the sale of beer and wine. > the costs and benefits of open trade - dairy supply management vs cheap cheese.