What are the prevailing attitudes toward time, change,
material factors, and individualism for Mexico?
What are the prevailing attitudes toward time, change,
material factors, and individualism for Mexico?
Solutions
Expert Solution
Mexico’s cultural dimensions based on Hofstede’s Insights:
Power Distance: With a score of 81, Mexico is a staunch
believer of power distance and inequality. Stringent
differentiation exists between the white collar and the blue-collar
employees. Also the organization design of most companies is
functional or hierarchical structure.
Masculinity: Mexico scores a moderate 69 in masculinity. This
means it is an evident Masculine society with fewer traits of the
feminine side. The dominant feature of its society is about
competition. Conflict resolution is done by fighting it out.
Individualism: Mexico is a collectivistic society with a score
of 30 in this dimension. Family and personal tie-ups are most
valued in Mexico. Most businesses in Mexico run simply on mutual
trust.
Uncertainty Avoidance (Change): Mexico scores very high in this
dimension. A score of 82 means that acceptance to change is minimum
in this society. They are very less prone to take risks.
Long Term Orientation (Time): Mexico has a low score of 24 in
this dimension. The culture is mostly normative. People are very
traditional and orthodox.
Indulgence (Material factors): The people of Mexico are high on
indulgence with a very high score of 97. They like indulging in
social pleasures. They party all night, enjoy life to the
fullest.
What are your attitudes toward the workplace? How would you
describe your level of job satisfaction, and why? Be detailed in
your analysis. Explain how your manager could increase job
satisfaction? What are the organizational consequences at your
workplace if there are high vs. low levels of job satisfaction?
if your attitude has shifted due to however the current
circumstances due to pandemic conditions are affecting your work,
please consider sharing that as well.
Explain the difference between a "change in supply” and a
“change in quantity supplied.” What factors could cause each of
these? Be sure to include a graphical illustration with your
answer.
What does the aggregate demand curve show? What
factors change and what factors remain the same when there is a
movement along the aggregate demand curve
Essay type question: What are the factors that lead to a change
in the exchange rate of a currency? What are the relationships
between exchange rates and (i) inflation rates and (ii) interest
rates?