Chapter 04 Cultural Dynamics in Assessing Global Market
Chapter 04 Cultural Dynamics in Assessing Global Market
15th edition
Chapter 4
Cultural Dynamics in
Assessing global Markets
Overview
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Definitions and
Origins of Culture
Origins, Elements,
and Consequences of Culture
Exhibit 4.4
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Geography
History
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Social Institutions
Social Institutions
Elements of Culture (1 of 4)
Values
Rituals
Symbols
Beliefs
Thought processes
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Elements of Culture (2 of 4)
Cultural values Geert Hofstede
Individualism/Collectivism Index
Reflects the preference of behavior that promotes
ones self interest
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Hofstedes Indexes
Language, and Linguistic Distance
Exhibit 4.6
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Elements of Culture (3 of 4)
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Language
According to www.ethnologue.com:
A total of 7,413 known living languages exist
in the world
311 being spoken in the U.S.; 297 in Mexico,
13 in Finland, and 241 in China
EU has 20 official languages
India alone has 452 known languages!
Back
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Elements of Culture (4 of 4)
Beliefs
Superstitions play a large role in a societys belief
system and therefore, to make light of superstitions in
other cultures can be an expensive mistake
The number 13 in the western hemisphere is
considered unlucky, where as the number 8 in China
connotes prosperity
The practice of Feng Shui
Thought processes
Difference in perception between the East and the
West
Focus vs. big-picture
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Similarities An Illusion
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