Reference no: EM132801523

Please select 1 of the options to solve, provide real-time examples to support your discussion and reference credible sources.

Option 1:

Visit Hofstede's cultural dimensions website at https://www.hofstede-insights.com/models/national-culture/. Pick two countries and compare them with the United States on the cultural dimensions. How would you manage cultural differences in these countries?

Discuss why international management is a critical area that all management students should be aware of

Describe the main cultural dimensions of Hofstede's framework, identify where does the U.S. stand on each of the dimensions, and discuss how the GLOBE project differs from the Hofstede project of cultural dimensions

Compare and contrast a global, regional, and local strategy. Discuss some advantages and disadvantages of each method.

Option 2:

After working in software development with a major food company for 12 years, you are becoming impatient with corporate "red tape" (regulations and routines). You have an idea for a new snack product for nutrition-conscious consumers and are thinking of starting your own company. What entrepreneurial characteristics do you need to succeed? What other factors should you consider before quitting your job?

Evaluate the differences between classic, multipreneurs, and intrapreneurs and outline what differentiates an entrepreneur from a small-business owner

Discuss why it is important to develop a business plan, what should such a plan include, and what financing options do small-business owners have and the risks do they face