Questions on Business and Economics

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Six answers are provided to questions asked by the student. The first question looks at three different models of culture; Hofstede's cultural dimensions, Johnson and Scholes cultural web, and Deal and Kennedys cultural framework. The model of Hofstede's cultural dimension is then applied to the automotive firm Toyota. Different economic systems are then described, and discussed in the context of the automotive industry. Barriers to economic development identified, the strategies are suggested to accelerate economic development in a Third World country. The strategies which may be adopted in order to take advantage of globalization for a company such as BMW also considered. The paper ends with a brief outline of requirement to develop a career which will result in a leadership position of a major company. Five sources are cited in the bibliography of this eight page paper.