Answer the exam Qs Essay Example | Topics and Well Written Essays - 1500 words

Answer the exam Qs - Essay Example However, the power inequality acceptance varies between different cultures in the society (Varma & Budhwar, 2015). Individualism measures the basic interest sort by the members. In a society which is highly individualistic, the members are mainly concerned with their families’ interests (Varma & Budhwar, 2015). Contrary, members from the collective society seek to achieve more favor and loyalty from their groups. Uncertainty avoidance measures the unpredictable, unstructured and unclear situations faced by members. A high uncertainty-avoidance society is less aggressive, change intolerant, high security seeking; and vice versa in low uncertainty-avoidance society (Varma & Budhwar, 2015). Through the increase in globalization, there have been growing trends in the multinational and global business endeavors. Globalization as well as the varied cultures in different countries has resulted to the challenge of business competitiveness. Other issues include balancing between the head-quarter and the home based cultures, maintaining performance standards and productive inter-collaboration between units in the operating locations (Varma & Budhwar, 2015). According to Edgar Schein 1994 OC are the values instituted into a social group which are then passed to new members so as they can feel, see and think in response to problems (Varma & Budhwar, 2015). OC should be perceived as both pluralistic and holistic so as to shape the internal assumptions of the social group. OC is classified under 2 schools of thought where in the first, it’s seen as a variable where it can be introduced and manipulated by the organization. The second school of thought provides that OC is a situation the company finds itself in, caused by the complex and dynamic social interactions by the organization (Varma & Budhwar, 2015). Culture influences employees’ communication, the company’s products, goals and values as well as interactions with its customers and other organizations.

Bit coin in monetary economics Essay Example | Topics and Well Written Essays - 500 words

Bit coin in monetary economics - Essay Example It allows the conversions once held bit coins are automatically stored without the requirement of a bank account (Barski and Wilmer, 31). Consequently, bit coin and other electronic coins reduce storage and business price, as well as it presents another option to control currency danger. Since bit coin floats against any money and it is attached to any nation’s financial system, it is by meaning affronted from the result of its fiscal rule and economic measures. Supports might argue that uneven balances to bit coin could guard against dips in money since the bit coin in result does not, does not shift while every other money changes instead. However, bit coin’s worth is unstable, driven by issues in numerous cases exterior to the distinctive supply and command for the money itself. Recently commerce in bit coin has been considerably influenced by news that regulatory organizations perceive the active currency as a refuge for money wash (Barski and Wilmer, 53). The lack of participants in the marketplace is also another important issue. Banks are not engaged in bit coin; therefore a business seeming to transact has inadequate alternatives. Even as a handful of treasury and risk controls portals will deal with practical currencies, the need for a system addition and formal confirmation actions will be vital. The legal activities increase the time and attempt for companies to total their diligence and narrow fulfillment to support these dealings (Barski and Wilmer, 122). Combine with the need for a copied marketplace and the requirement for business to evade projected money poses and the instruments just aren’t there for business to dependently use the bit coin. For business treasury and danger managers, the bit coin is not a considerable option to real market money owing to the need for cash. The quantity of bit coin in survival is little, which apparently makes it hard for