Question

In: Economics

Use the following data to answer the next question: ============================================================================= # Hofstede's Individualism: Denmark: 74; England:...

Use the following data to answer the next question: ============================================================================= # Hofstede's Individualism: Denmark: 74; England: 89; Greece: 35; Ireland: 70; Malaysia: 26; Portugal: 27; Russia: 39; Singapore: 20; South Korea: 18 # Hofstede's Power Distance: Denmark: 18; Greece: 60; England: 35; Ireland: 28; Malaysia: 100; Portugal: 63; Russia: 93; Singapore: 74; South Korea: 60 # Hofstede's Uncertainty Avoidance: Denmark: 23; England: 35; Greece: 100; Ireland: 35; Malaysia: 26; Portugal: 99; Russia: 95; Singapore: 8; South Korea: 85 # Hofstede's Masculinity: Denmark: 16; England: 66; Greece: 57; Ireland: 68; Malaysia: 50; Portugal: 31; Russia: 36; Singapore: 48; South Korea: 39 # Hofstede's Indulgence: Denmark: 70; England: 69; Greece: 50; Ireland: 65; Malaysia: 57; Portugal: 33; Russia: 20; Singapore: 46; South Korea: 29 ============================================================================= Imagine you were sent by your multinational company to a foreign subsidiary to start a new product line. However, since the beginning there was quite a bit of confusion in headquarters about the launch’s timeline. It was not exactly clear when the product should be launched, and to what extent the product should be changed to fit the needs of the local market. As time passed, you grew tense and restless, you could not sleep or function properly due to the situation at work. Your fellow countrymen understood what you felt, as they would feel exactly as you did. However, to your surprise, your local counterparts were quite undisturbed, and would calmly say that they would adapt to whatever decisions were made, and that it would all go well in the end. According to the data provided, and assuming the listed variables is all the information you have, there is a much greater probability that you were sent to a country such as ________, than to _______ : Group of answer choices

Portugal; Denmark

Greece; Malaysia

South Korea; Malaysia

Singapore; Russia

Solutions

Expert Solution

Country Individualism Power Distance Uncertainty Avoidance Masculinity Indulgence
Denmark 74 18 23 16 70
England 89 60 35 66 69
Greece 35 35 100 57 50
Ireland 70 28 35 68 65
Malaysia 26 100 26 50 57
Portugal 27 63 99 31 33
Russia 39 93 95 36 20
Singapore 20 74 8 48 46
South Korea 18 60 35 39 29

Based on the scenario provided :

  1. The local people's relaxed attitude should reflect a low Uncertainty Avoidance score of the country [Hence, portugal-denmark is not the likely pair , since portugal has a high UA score]
  2. Similarly, Greece-Malaysia is also the unlikely pair as Greece scores high on the UA score
  3. South- Korea Malaysia also seems unlikely as Malaysia has a relatively lower UA score, but our answer pair will be such that the most likely country will have a relatively lower UA score - The only possible pair is Singapore - Russia
  4. The fact that the local countrymen were sort of relaxed about the adaptation problem with regard to the launch timeline, it is implied that the probable country would have a greater score in indulgence relative to the other country as they possess a positive attitude and a tendency towards optimism.
    Singapore's indulgence(46) is greater than Russia's(20)
  5. The probable country would have a low score on individualism as people's self image was defined more on terms of "We". The person wanted to stand out by being perfect in his job, but the Malaysian society believes in a collectivistic approach. This proves why Singapore's score(20) is lower than Russia's(39).

Thus,  there is a much greater probability that you were sent to a country such as _Malaysia_, than to _Russia_


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