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- W193347932 abstract "In undergraduate management courses around the world, from Harvard University to Beijing International, eager young minds are taught the same fundamental management theories. Among others, one of the most popular would inevitably be Hofstede’s Cultural Dimensions. Geert Hofstede, while working for the IBM research department, undertook a detailed survey and analysis of the various cultures of the world. He defined four dimensions of culture, now expanded to six, that can be utilized to describe the culture of a specific country, thereby creating a framework for international businesses to develop effective strategies. Hofstede once said in regards to cross-cultural business, “Culture is more often a source of conflict than of synergy. Cultural differences are a nuisance at best and often a disaster.” His model was created as a method to solve this source of conflict. Various business men and women have written about both the applications and the limitations of Hofstede’s dimensions. Most analysts entertain the idea of doing business across two or three cultures, and in general the consensus is the same: the more cultures that are at play, the more difficult the business becomes. So what would happen if there were even more cultures at play; twenty-seven for example? This is exactly what was created with the European Union. Applying Hofstede’s Cultural Dimensions to the European Union would prove that this monetary alliance cannot succeed long-term without significant changes to the current management structure." @default.
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- W193347932 date "2012-01-01" @default.
- W193347932 modified "2023-09-27" @default.
- W193347932 title "Can One Size Fit All? An Application of Management Theory on the European Sovereign Debt Crisis" @default.
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