By standardizing international operations as much as possible, ...

[Evvie72]

By standardizing international operations as much as possible, yet being adaptable to the needs of local markets, a firm is utilizing a transnational strategy of globalization.
 
  Indicate whether the statement is true or false

Question 2

Company employees are socialized by three cultures: national culture, professional culture, and corporate culture. In a short essay, explain corporate culture. Provide examples of companies that have distinctive corporate cultures.
 
  What will be an ideal response?

[meganlapinski]

Answer to Question 1

TRUE

Answer to Question 2

Most companies have a distinctive set of norms, values, and modes of behavior that distinguish them from other organizations. Such differences are often as distinctive as national culture, so that two firms from the same country can have vastly different organizational cultures. For ex-ample, Standard Chartered (www. standardchartered.c om), a time-honored British bank, has a conservative culture that may be slow to change. By contrast, Virgin (www.virgin.com), the much younger British music and travel provider, has an experimental, risk-taking culture.

[Evvie72]

Thanks for the timely response, appreciate it

[ryansturges]

Excellent