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LP5 Seminar: Business Analysis

Satisfactory Essays

Seminar Assessment #1: Based on what you watched, discuss three things that you learned. After listening to the LP5 Seminar, there were three key subject areas that I learned about. First of all, I learned the difference between Individualism and Collectivism. An individualistic society such as the United States will depend on the values of independence and freedom; whereas, a society that is collectivistic will depend on group consensus and harmony. Each type of society will have values that play an important role in developing the communication styles used in a business message that is targeted to each specific audience. Even though the United States is broadly an individualistic country, there are smaller collectivistic communities …show more content…

We should be aware that there are many differing roles of the male and female in different societies. The United States is for the most part has established itself as a state of gender equality; whereas, in many places overseas the genders have different roles. As an example, in Africa the role of the male is still thought to be primarily the bread-winner and the female role still primarily centered on child bearing and rearing. This used to be the way of thinking in the United States until the World War II era, when the majority of the males went off to war, and many females entered the working industry. The third thing I learned was the difference between International, Multinational, and Transnational business. International business does not mean that the business is located overseas, but rather that the company does a lot of buying and selling overseas, such as with China. A multinational business is a business that is rooted in one location, such as the United States, but has a physical presence around the world, such as McDonalds. A transnational business exists overseas, and moves throughout borders, but does not identify with any specific

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