List and contrast the advantages and disadvantages of Individualism versus Collectivism.
Some of the advantages with individualism: High level of entrepreneurship, According to Aristotle communal property receives little care, whereas property owned by and individual receives the best care.
Also individual achievement is more common. The disadvantages: Can create a lack of company loyalty, competition between individuals in a company instead of team building, less ability to develop a strong network of contacts within the firm.
Advantages of Collectivism: Discourages job switching between firms, encourages lifetime employment systems, and leads to cooperation in solving business problems. Disadvantages: Might suppress individual creativity and initiative, an individuals rights may be restricted on the grounds that it runs counter to "the good of society" or to "the common good."
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International Business
- The textbook states that leadership can be a root cause of unethical behavior. Explain how this can be and if you agree.
- Milton Freidman stated in his famous article in the New York Times in 1970 that "the social responsibility of business is to increase profit." Do you agree or disagree? Explain your position.
- How would business practices in an Islamic country differ from business practices in a Christian country?
- What are the implications for international business of differences in the dominant religion or ethical system of a country?
- The study of international business is fine if you are going to work in a large multinational enterprise, but it has no relevance for individuals who are going to work in small firms. Evaluate this statement.
- What is the relationship among property rights, corruption, and economic progress?
- Free market economics stimulate greater economic growth, whereas state-directed economies stifle growth. Explain.
- Briefly explain which of the four organizational structures is appropriate for each of the MNE strategic choices.
- What are the two primary means to set up a WOS?
- How does the carnage of the highway support a service industry?
- What are the two primary means to set up a WOS?
- What is international business? What are the primary reasons that companies engage in international business?