Using the Five Dimensions Model to plot the values of Singapore, Hong Kong, The U.S., Canada, the United Kingdom and France, the six graphics shown in Appendix A: Comparing Cultural Dimensions by Nation is created.
Comparing each nation specifically shows that of the potential candidates for expansion, Singapore, Hong Kong and France are the least favorable when analyzed purely on the IDV dimension of the model. Ironically, the team had seen Singapore and Hong Kong has having the greatest potential is actually the worst in terms of its attractiveness on the IDV dimension relative to Australia. Conversely, the United States, Canada and the United Kingdom all are more comparable to Australia on the IDV dimension of the Hofstede Cultural Dimensions Model. Next, the Uncertainty Avoidance (UAI) dimension is compared across the nations highlighted for expansion. Considering this dimension is critical if the consultancy is to gain the trust of its new clients in the nation(s) of interest (Foscht, Maloles III, Swoboda, Morschett, Sinha, 2008). Ultimately the attainment of trusted advisor in each nation served is critical for the consultancy's success. The UAI dimension is crucial to this specific aspect of their overall strategy as it will allow them to contribute more to the reduction in risk associated with the self-assessment software and also gain greater business. As the management consultancy's value is predicated on gaining the trust of its clients and providing insights they had not considered before, the cultural dimensions of Hofstede's Model must be taken into account in the planning and execution of any global expansion strategy. Additional dimensions of the model that are highly relevant to the consultancy include Long-Term orientation (LTO), as this must be in alignment for clients to trust them.
Conclusion
The Hofstede Cultural Dimensions Model (1993) is invaluable for firms such as the consultancy who seek to expand globally as a trusted advisor. Their core business isd providing insightful guidance to clients. In order to create the best possible scenario for gaining client trust, the constantly needs to be cognizant...
Global Expansion of Jollibee Jollibee was founded in 1975 in Cubao, Philippines and the company was incorporated in 1978 (Layug, 2009). Jollibee grew rapidly, offering a menu consisting of mainly Western foods and following a business model that was inspired by McDonald's. One of the main reasons that Jollibee has become such a success both in the Philippines and abroad is that the company has been able to execute this foreign
Background The company has decided that in order to expand globally, it will need to send two expatriates to two different countries. We will need one person in Dubai in order to run our EMEA business, and one person in Hong Kong in order to run our APAC business. This report will present a significant amount of discussion with respect to the business cultures in those cities, in the regions as
) (Weiss, 2011). Bibliography 1. The Sloan Brothers. Taking Your Startup to a Foreign Market. On the Internet at http://www.startupnation.com/business-articles/1471/1/startup-foreign-market.asp. Last retrieved on October 5, 2011 2. Weiss, Darryl. Opening in a Foreign Country; be careful. On the Internet at http://www.globalhrnews.com/story.asp?sid=158. Last retrieved on October 5, 2011 Third student It is important for management to work on how to set up a business in a foreign country. There are so many options available, each with
Global Leadership While it is certainly important for a global leader to have what Stephen L. Cohen refers to as a "global mindset" -- and he refers to a "global mindset" as the most important attribute -- this paper argues that a global mindset is but one of the pivotal leadership traits that an executive needs in the global marketplace in 2013. What Cohen alludes to as a global mindset is
Williams should also consider the recommendation of sending some of the employees of C&C Industries of Indian descent to India as a kind of investigative group to meet with individuals of the Indian government with close ties to the software development and marketing industry. All in all, expanding C&C Industries to the nation of India is an excellent idea but should be done with much care and insight by
Constructive attitudes towards work, leisure, time and change, set apart organizational models of attainment and enthusiasm, individualism as well as realization of self, and being humanistic as well as helpful that result in constructive culture that urges communications with individuals and strategies to assignments which will allow the employees to fulfill satisfaction needs of a higher plane and would bring about changes. (Aarons; Sawitzky, 2006) As opposed to this, defensive
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now