1. Individualism and the American Dream
The capital-owning class spends its income at a lower rate than the working class; that reduces overall demand in the economy, causing low growth and less employment. ... Thinking as a group may lead to conformity or not a clear consensus to a problem. ... Group orientation is considered as a key feature of Chinese culture, and is common to the PRC, Hong Kong, Taiwan and overseas Chinese. One of the implications of the group orientation of Chinese is that the cultural assumptions of Western management theories become less applicable to Chinese organizations. ... Due to China's enforcement...
- Word Count: 1269
- Approx Pages: 5
- Grade Level: Undergraduate