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Individualism and Collectivism - Coursework Example

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The paper "Individualism and Collectivism" tells us about personal goal pursuit and autonomy, maintaining relationships, and social harmony. For example, workers in an individualist culture are more likely to value their own well-being over the good of the group…

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Subject: Business
Type: Coursework
Level: Masters
Pages: 1 (250 words)
Downloads: 2
Author: fleannon

Extract of sample "Individualism and Collectivism"

To a large extent, it can be observed that business practices in Islamic countries significantly differ from business practices in the United States of America. As noted by Ridley (2014), the understanding of cultural differences across nations determines the success of business in those areas. In this case, it can be seen that the Islamic religion is completely different from the religion practiced in America and these, in turn, shape the culture which ultimately shapes the behavior of the people involved. These two groups have different values and norms. The other issue is that Americans believe in individualism while people from the Middle East believe in collectivism (Ridley, 261). Thus, Americans need a good understanding of Islamic religion and culture in order to operate effectively in such regions.
6- A) Guanxi refers to relationship networks supported by reciprocation known as connections. On the other hand, guanxiwang is referred to as a “relationship network.” These are very important in business since they help to create a network that can help sustain a business. In other words, it helps build long-term relationships or bonds between the business and its targeted consumers (Ridley, 254).
B) The experience of DMG tells us that connections that emanate from what is known as guanxi determine the way things work in China. The connections spell the relationships that exist but the case of Dan Mintz shows that he found a way around them to get things done. This strategy may be helpful in creating new connections, especially by going over the existing relations in order to create new connections.
C) The ethical issues that are likely to arise when drawing upon guanxiwang to get things done in China involve elements of truthfulness and honesty when conducting business. More emphasis is put on personal relationships. However, there are some limits to using guanxiwang for a Western business committed to high ethical standards given that focus is on relationships while Western cultures stress the importance of individualism.

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