Carly is eager to tell the interviewer about the team she led of product managers from the United States, Latin America, and Eur
ope. At first, team members were unsure of how to relate to each other, but she was able to find common ground and relate in a culturally sensitive way with each one. Which dimension of her global mindset would this experience show the interviewer? a.Social dimension b.Psychological dimension c.Cognitive dimension
The correct answer is letter "B": Social dimension.
Explanation:
The social dimension of mindset refers to the overview people have about the differences between one culture and another and the diversity of each individual within those cultures. It is an important concept to be considered while dealing with people -especially if their nationalities are not the same- moreover when they are grouped to work together.
Social dimension is related to values norms, rules and roles in society. It has the most important influence on human behaviour, and values human rights and cultural diversity.
Carly is trying to communicate the social dimension of working with product managers from Latin America, Europe, and the United States. She was able to make them work together despite cultural differences.
It is a process through which the authority of an organization is delegated to lower managers. The lower managers are given more responsibility which is the opposite of the centralization in which the decision making power is concentrated in the hands of a few people. The top-level managers take all the decisions in the organization with centralized authority.
In decentralized authority, lower managers can decide on their own as long as it is in sync with the overall goal of the organization, but the authority to take static decisions and control and coordination remain in the hands of top-level managers.
Monopolistic competition: A situation in which many firms with slightly different products compete. Production costs are above what may be achieved by perfectly competitive firms, but society benefits from the product differentiation.
Monopoly: A firm with no competitors in its industry. A monopoly firm produces less output, has higher costs, and sells its output for a higher price than it would if constrained by competition. These negative outcomes usually generate government regulation.
Oligopoly: An industry with only a few firms. If they collude, they form a cartel to reduce output and drive up profits the way a monopoly does.
Duopoly: A special form of Oligopoly, with only two firms in an industry.
Monopsony: A market with a single buyer and many sellers.
Oligopsony: A market with a few buyers and many sellers.
