The Lucky Dragon Case Study Main Points - correct answer ✔✔- Cultural Issues: Americans are very
individualistic, people in Hong Kong focus on collectivism
- Outlook on Medicine: Western countries use medicines and pharmaceuticals, in Asian counties eastern
medicine is utilized (acupuncture and cupping)
- Operations: additional costs
- Market Research: they (Hong Kong) would ask their customers what to sell
- Finance: what additional expenses to account for
- Management: how to manage companies overseas v. domestically
Three Types of Managers - correct answer ✔✔1. Ethnocentric
- They believe their native country, culture, language, and behavior are superior to others
- Nobody else can do well... "send them Americans" or "I will do it myself"
- "Not-Invented-Here Syndrome"
Not Invented Here Syndrome - correct answer ✔✔Syndrome in which people, e.g. managers, refuse to
use perfectly good ideas developed elsewhere in favor of their " sometimes inferior " internally-
developed ideas.
, - They believe managers in foreign offices best understand native culture, staff, and practices and should
be left along by the home office
- Many things that are done in countries that are done really well -- if a HQ found a plan that works really
well.for them, why wouldn't they use it in a different country?
Geocentric Managers - correct answer ✔✔- "What is best is what is effective, regardless of origin"
- This is the type of manager you should strive to be
- "I do not care where the idea came from, we are going to do what is best for the company"
US Statistics v. World - correct answer ✔✔- 38th in math
- 24th in science
- 19th in world's happiness index
- 23rd in terms of corruption
Corruption - correct answer ✔✔dishonest or illegal behavior especially by powerful people, it is the
abuse of entrusted power for private gain, has an impact on the country itself but also the happiness of
its citizens
Three Types of Corruption - correct answer ✔✔1. Petty
2. Political
3. Grand
Petty Corruption - correct answer ✔✔refers to everyday abuse of entrusted power by low and mid-level
public officials in their interactions with ordinary citizens, who are trying to access basic goods or
services in places like hospitals, schools, police departments, and other agencies
Example of Petty Corruption - correct answer ✔✔In Mexico people would give police officers their
license and cash to avoid a ticket after being pulled over
Political Corruption - correct answer ✔✔is a manipulation of policies, institutions, and rules of procedure
in the allocation of resources and financing by political decision makers, who abuse their power to
sustain their power, status, and wealth
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller BravelRadon. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.49. You're not tied to anything after your purchase.