In January, the newly appointed Chairman of Credit Suisse Antonio Horta-Osorio had to resign over breaches of Covid lockdown rules while visiting back in the UK.
Risk taking contrasts in business - going for a drink after work:
Continental Europe = having a single drink then going home sensibly
UK/Australia/Ireland = drinking until the pub closes and thus taking the risk of not being able to stand up easily combined with the possibility of a blazing row with spouse upon arrival at home
Thank you for reminding us of the late, great Geert Hofstede. My own observation is that cross-cultural thinking gets a lot of lip-service from management, and occasionally some courses and workshops get organised. Maybe it‘s just me, but I have yet to come across a company that integrates cross-cultural considerations in its hiring and promotion policies. Tools that managers can use for daily decisions are even rarer. The question is: why?
Risk taking contrasts in business - going for a drink after work:
Continental Europe = having a single drink then going home sensibly
UK/Australia/Ireland = drinking until the pub closes and thus taking the risk of not being able to stand up easily combined with the possibility of a blazing row with spouse upon arrival at home
Thank you for reminding us of the late, great Geert Hofstede. My own observation is that cross-cultural thinking gets a lot of lip-service from management, and occasionally some courses and workshops get organised. Maybe it‘s just me, but I have yet to come across a company that integrates cross-cultural considerations in its hiring and promotion policies. Tools that managers can use for daily decisions are even rarer. The question is: why?
I just came across this study (by way of Matt‘s Thoughts In Between) https://journals.sagepub.com/doi/pdf/10.1177/0956797620916782
I was surprised by the difference in regional variation between the USA (low) vs the EU, India and China
Oh yes, that is a famous paper. It forms part of the reasons why there is a replication crisis in economics and finance.