Under President Hugo Chávez, who held power from 1999 until his death in 2013, t

Question

Under President Hugo Chávez, who held power from 1999 until his death in 2013, the government of Venezuela nationalized numerous petroleum industry facilities. Companies operating there faced accept minority stakes in assets that they built. , because the government could have tried to force them to outsourcing risk, economic interdependence, political instability, political risk Which of the following companies has high individualism? Ivana's Images has a reputation for being the best in the business. Sure, Ivana is difficult to work with-you wouldn't want her on your team-but she can do layout and design faster and better than anyone else. Ivana likes to work by herself, and she is happiest when she can prove that she is better than everyone Dave Douglas, the CEO of Intrane, LLC, routinely walks through the office, stopping to chat with his employees. He encourages them to speak freely, and he gives them credit for their good ideas. His employees al say that Dave is one of the few bosses whose open door policy is just that: an open door. Mylar Mechanics is a global organization, so it is important to make sure that employees are able to communicate with each other on a regular basis. Last week, managers used the World Clock Meeting Planner to find the best time for a meeting between the Amsterdam, Austin, Delhi, and Orlando offices.

Explanation / Answer

(1)

Here economic interdependence and outsourcing risk are irrelevant. The political instability is also not a correct choice as the government was stable. The correct choice should be the political risk.

(2)

The third company invests in interactions among their people. The second company fosters "open door" policy which promotes collaboration. These make them distant from individualism. The first company believes in individual's performance and not the team performance. So, the correct option is Option 1 (Ivana).

(2)

Option (2) seems correct because there is a clear sign of difference (apparently visible) between different layers of the hierarchy. This demonstrates high power distance. The first company promotes open door policy or collaboration. The third company promotes collective decision-making (brainstorming). So, they are not the correct options.

(3)

The third company is not doing anything new neither upgrading themselves with the new culture, trend or approaching new markets. They are having the most uncertainty avoidance. The first company involving and the change is well-accepted. The second company is learning the new skill and are open to changing trends. So, these are not correct options. Correct option is thus Option (3)

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