How should an entrepreneur act in a country with high power distance?

What will be an ideal response?


In a high power distance culture organizations are set up very hierarchical with clear delineations of duties and process. Decision making is made at the top of the organization and filtered down to those at the bottom. All interactions between bosses and subordinates are very formal communication can be limited between layers of the organization. For an entrepreneur starting a business in such an environment, they should be aware that their employees will not openly question their decisions, that there is a sense of inequality between the different layers of the organization, and that trying to implement a flat and open organizational structure will take work and training and should not be expected right away.

Business

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a. Frederick Taylor b. Elton Mayo c. William Starbuck d. Homer Simpson

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) In agency theory, the owners of the business are referred to as ________, and the managers are referred to as ________

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