IBUS2301 Study Guide - Final Guide: Geert Hofstede, Individualism, Multinational Corporation
Document Summary
Lecture 5: differences in culture & political and. Lo 5. 1 know what is meant by the culture of a society. Lo 5. 2 identify the forces that lead to differences in culture. Lo 5. 3 identify the business and economic implications of differences in culture. Lo 5. 4 understand how differences in culture influence the conduct of business. Lo 5. 5 develop an appreciation for the economic and business implications of cultural change. There is no consensus on a simple definition of culture . Cutlure is holistic we"ll analyse culture from ib perspective. Culture - a system of values and norms that are shared among a group of people and that when taken together constitute a design for living. While culture is a characteristic of society as a whole, it shapes individual behavior by identifying appropriate and inappropriate forms of human interaction. Society - a group of people who share a common set of values and norms.
