midterm ib culture

A set of vocabulary flashcards defining international business terms, political/legal/economic systems, cultural dimensions, and HDI calculation formulas.

Culture

A system of shared values and norms.

Values

Cultural concepts concerning what is considered good, right, or desirable.

Norms

Social rules that prescribe appropriate behavior.

Folkways

Routine social conventions of everyday life. (dress, manners)

what is NOT an example of folkways?

adultery

Mores

Norms that are central to the functioning of a society and to its social life.

do norms have greater significance than folkways?

yes

PDI measures the extent to which less powerful members accept and expect [__] power distribution

unequal

High Power Distance Index (PDI)

expect hierarchy and centralized authority.

Low Power Distance (PDI)

expect flatter structures and consultations

Individualism (IDV)

focus on personal achievement and individual rewards

Collectivism (IDV)

focus on group loyalty, harmony, team rewards

uncertainty avoidance means

tolerance for ambiguity

High Uncertainty Avoidance Index (UAI)

indicate a stronger preference for rules, structure, and predictability

Low Uncertainty Avoidance Index (UAI)

indicate greater flexibility and ambiguity

Masculinity vs Femininity (MAS)

Masculinity: achievement, competition, material rewards

Femininity: cooperation, care, welfare

time orientation is the degree to which society embraces long-term devotion to [__] values

forward-thinking

Long-Term Orientation (LTO)

A cultural dimension contrasting thrift, perseverance, pragmatic results, and patient relationship building with tradition, obligations, and quicker outcomes.

the extent to which societies allow relatively free gratification of basic human desires

gratification of desires

Indulgence (IVR)

allows freer gratification, enjoying life, positive emotions

Restraint (IVR)

emphasise tighter social norms, cynicism

Religious values affect

finance, work ethics, schedules, diet, consumer preferences

Riba

Interest in financial transactions, which is prohibited under Islamic finance

Islamic finance prefers risk ..

sharing

High-Context Communication

A communication style in which meaning is often embedded in context, relationships, and nonverbal cues.

Low-Context Communication

A communication style in which meaning is stated more explicitly in words.

Cross Cultural Literacy

understanding how cultural differences affect business and adapting behaviour

Cultural Intelligence (CQ) drive

motivation

CQ Knowledge

understanding

CQ strategy

planning

CQ Action

behavioural adaptation