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EPG Model is an international business model including three dimensions – ethnocentric, polycentric and geocentric. It has been introduced by Howard V. Perlmutter within the journal article "The Tortuous Evolution of Multinational Enterprises" in 1969. [1]
Polycentric is an English adjective, meaning "having more than one center," derived from the Greek words polús ("many") and kentrikós ("center"). Polycentricism (or polycentricity ) is the abstract noun formed from polycentric.
In public policy a polycentric network is a group of distinct local, regional, or national entities that work co-operatively towards a common goal. Proponents claim that such networks can better adapt to changing issues collectively than individually, thus providing network participants better results from relevant efforts.
Howard V. Perlmutter (4 November 1925 – 8 November 2011) [1] was an expert on Globalization and Internationalization of Companies. He specialized in the development of international enterprises.
The term attitude with the psychological meaning of an internal state of preparedness for action was not used until the 19th century. [3]: 2 The American Psychological Association (APA) defines attitude as "a relatively enduring and general evaluation of an object, person, group, issue, or concept on a dimension ranging from negative to positive.
The designation of joining a pension plan as the default option is an example of a nudge. It is difficult to argue that anyone's freedom is diminished by being automatically enrolled in the plan, when they merely have to check a box to opt out." [121] Nudge is considered an important piece of literature in behavioral economics. [121]
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Cultural bias has no a priori definition. [clarification needed] Instead, its presence is inferred from differential performance of socioracial (e.g., Blacks, Whites), ethnic (e.g., Latinos/Latinas, Anglos), or national groups (e.g., Americans, Japanese) on measures of psychological constructs such as cognitive abilities, knowledge or skills (CAKS), or symptoms of psychopathology (e.g ...