Compare and contrast leader problem-solving and decision-making in American and non-Western cultures.
What will be an ideal response?
Americans view difficult situations as problems that should and can be solved. Non-Western cultures often accept problematic situations as they are, and that sometimes they cannot be solved. American culture is litigious and believes that all details and contracts should be in writing. Non-Western cultures are often more trusting and believe in relationship building.
American culture favors linear or sequential thinking and moving in steps. Non-Western cultures often take a more holistic or integrative approach to business and life. Americans leaders frequently delegate decision-making to subordinates. In Non-Western cultures decisions are often only made by managers or leaders. Americans believe in quick, sometimes bold, decisions. Non-Western cultures favor slow, deliberative, risk-averse decision-making. Finally, American leaders often help followers to solve problems for themselves. Non-Western leaders are viewed as the experts by their subordinates, so they are expected to have the answers.
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Poe Company is considering the purchase of new equipment costing $80,000. The projected net cash flows are $35,000 for the first two years and $30,000 for years three and four. The revenue is to be received at the end of each year. The machine has a useful life of 4 years and no salvage value. Poe requires a 10% return on its investments. The present value of $1 and present value of an annuity of $1 for different periods is presented below. Compute the net present value of the machine.PeriodsPresent Valueof $1 at 10%Present Value of anAnnuity of $1 at 10%1 0.9091 0.9091 2 0.8264 1.7355 3 0.7514 2.4869 4 0.6830 3.1699
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Answer the following statement true (T) or false (F)