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Hofstede's cultural dimensions theory is a framework for cross-cultural psychology, developed by Geert Hofstede. It shows the effects of a society's culture on the values of its members, and how these values relate to behavior, using a structure derived from factor analysis. [1] Hofstede's cultural dimensions theory.
Long-Term Orientation (LTO) values associated with Long Term Orientation are thrift and perseverance; values associated with Short Term Orientation are respected for tradition, fulfilling social obligations, and protecting one's 'face'. This dimension is created to understand the long term orientation of mainly Asian cultures and their respect ...
Similarly, framing effects highlight how cultural differences influence responses to marketing campaigns or public health messages. By integrating JDM insights, these models account for the complex interactions between cultural values, cognitive biases, and situational factors, offering a more detailed understanding of decision-making across ...
Cultural competence, also known as intercultural competence, is a range of cognitive, affective, behavioral, and linguistic skills that lead to effective and appropriate communication with people of other cultures. Intercultural or cross-cultural education are terms used for the training to achieve cultural competence.
A Harvard Business School study reported that culture has a significant effect on an organization's long-term economic performance. The study examined the management practices at 160 organizations over ten years and found that culture can impact performance. Performance-oriented cultures experienced better financial results.
Future orientation - Planning put emphasis on long-term plans and long-term results; Organizing - work and resources are divided and co-ordinated to meet long-range goals and projections for the future ; Commanding - develop vision and mission statements with focus on achieving long-term benefits; Coordinating involves selecting and training ...
In the United Kingdom, the term equality, diversity, and inclusion (EDI) is used in a similar way. Diversity refers to the presence of variety within the organizational workforce in characteristics such as gender, ethnicity, sexual orientation, disability, age, culture, class, veteran status, or religion.
In behavioral economics, time preference (or time discounting, [1] delay discounting, temporal discounting, [2] long-term orientation [3]) is the current relative valuation placed on receiving a good at an earlier date compared with receiving it at a later date. [1] Applications for these preferences include finance, health, climate change.