Uncertainty avoidance
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Uncertainty avoidance

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Information about markets with high and low uncertainty avoidance.

Information about markets with high and low uncertainty avoidance.

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    Uncertainty avoidance Uncertainty avoidance Presentation Transcript

    • Uncertaintyavoidance
    • Part # 1What is uncertainty avoidance?Part # 2High uncertainty avoidance markets.Part # 3Low uncertainty avoidance markets.
    • Part # 1What is uncertainty avoidance?
    • Part of time spent Percentage of on planning and self employed structuring people Number and Degree of order, complexity of rules Part of income put precision, and Degree to whichin savings accounts perfectionism people resist change Extent of conservative Uncertainty Part of population suffering from investments avoidance stress Part of income Degree to which spent on it is expected insurance Attitudes towards to be open and what and/or who is express feelings Time and money new or different spent on idea Degree of speed in development Time and money decision making in spent on trying public and private sectors new ideas out
    • oida nce Low un certainty av To be efficient To be creativePlan. Let things emerge.Impose process and Avoid process and encouragestructure. unstructured interaction.SourceGovindarajan, Vijay & Trimble, Chris: 10 Rules for Strategic Innovators, p. 3.
    • Graham Duncan, Idea Connection You indicate that small and large corporations have different motivations for using social media. Why is big business so slow to catch on to social media? Paul Gillin: There are lots of reasons, including bureaucracy, conservatism, shareholder pressure, regulatory requirements, legal concerns, internal politics, and brand equity.Sourcehttp://www.ideaconnection.com/articles/00121-Influencing-Innovation.html?ref=nl060909
    • Three factors eventually turn the lifecycle fororganizations into a death cycle:1. Size.2. Age.3. Success.Success is the most dangerous factor, becausesuccess inevitably leads to self-satisfaction. Source Kolind, Lars: The Second Cycle, p. 8-10.
    • To overcome resistance to change, Vijay Govindarajan points to tolerance for failure.SourceVijay Govindarajan on creating an innovation mindset.http://www.youtube.com/watch?v=sNzkmZdM4A4
    • "Anyone who has never made a mistake has never tried anything new." Albert EinsteinSourcehttp://www.ideachampions.com/weblogs/archives/2011/03/_anyone_who_has.shtml
    • Jeff Jarvis encourages us not to be too scared to make mistakes. "You need to be free to fail”, he says.Source:http://www.businessweek.com/managing/content/may2009/ca2009058_754247.htmhttp://www.buzzmachine.com/about-me/
    • “Fail often to succeed sooner” Tom Kelley, IDEOSource:http://www.associatedcontent.com/article/1284604/welcome_failure.html?cat=35http://www.ideo.com/people/tom-kelley
    • Sources:http://lawrencelot.com/happy-birthday-thomas-edison-107http://www.ideachampions.com/weblogs/archives/2010/09/theres_a_lot_of.shtml
    • Sourcehttp://www.businessinsider.com/26-successful-people-who-failed-at-first-2012-7
    • The need to experiment and fail inexpensively in execution is where most of the focus is these days. Vijay GovindarajanSourcehttp://blogs.hbr.org/govindarajan/2011/03/the-positive-power-of-failure.html
    • Robert Ornstein argues that a successful experience is better organized in memory than a failure. Better organized memory packages result in smaller storage sizes, which are perceived as shorter in duration.SourceLevine, Robert: A Geography of Time, location 809.
    • Much of the typical risk aversion related to smaller investments can be attributed to a combination of two well-documented behavioral biases. 1. Loss aversion People fear losses more than they value equivalent gains. 2. Narrow framing People weigh potential risks as if there were only a single potential outcome - akin to flipping a coin only once - instead of viewing them as part of a larger portfolio of outcomes - akin to flipping, say, 50 coins.Sourcehttps://www.mckinseyquarterly.com/Corporate_Finance/Performance/Overcoming_a_bias_against_risk_3004
    • http://www.slideshare.net/frankcalberg/5-reasons-why-people-resist-change
    • Demanding 100% safety stops technology from evolvingSource: http://youtu.be/vjaqM4yd_RA
    • Internet regulation - yes or no The United States, Europe, Canada and other advocates of a hands-off approach to Internet regulation want to limit the new treatys scope to telecom companies. But Russia, China and many Arab states, which want greater governmental control, have been pushing to expand the treaty beyond traditional telecom operators.Sourcehttp://mobile.reuters.com/article/idUSBRE8B913L20121210
    • Power distance and uncertainty avoidance Power distance Uncertainty avoidanceSource: http://geert-hofstede.com/
    • Power distance and uncertainty avoidance Power distance Uncertainty avoidanceSource: http://geert-hofstede.com/
    • Part # 2High uncertainty avoidance markets
    • High uncertainty avoidanceSource: http://www.clearlycultural.com/geert-hofstede-cultural-dimensions/uncertainty-avoidance-index/
    • Mexico suffers from most of the same weaknesses highlighted for Brazil: that is, an overregulated market environment, a poor-quality educational system, and low R&D investment, coupled with rather low ICT readiness and usage by both individuals (74th and 66th, respectively) and the business sector (72nd and 76th, respectively).SourceThe Global Information Technology Report 2008-2009.http://www.weforum.org/pdf/gitr/2009/gitr09fullreport.pdf
    • Cultures with high uncertainty avoidance try to minimize uncertainty through strict laws and rules as well as safety and security measures.Sourcehttp://suite101.com/article/risk-adverse-trade-cultures-a42761
    • Sourcehttps://www.divsi.de/2012-02-29-27-millionen-menschen-in-deutschland-ohne-internet
    • Uncertainty avoidance – Germany and ChinaSourceshttp://geert-hofstede.com/germany.htmlhttp://geert-hofstede.com/china.html
    • Degree of accuracy, punctualitySourcehttp://washingtonbureau.typepad.com/china/2007/09/the-design-of-c.html
    • Degree of disciplineSourcehttp://washingtonbureau.typepad.com/china/2007/09/the-design-of-c.html
    • Tanja Thorsteinsson, Siemens Wind Power: “When people must park their cars driving backwards, focus on security is strengthened.”Sourcehttp://epn.dk/samfund/article2207191.ece
    • Much of the countrys [Germany’s] best homegrown talent is locked inside the countrys great corporations, leaving young companies hard-pressed to find qualified employees.Sourcehttp://knowledge.wharton.upenn.edu/article.cfm?articleid=2199
    • Während in anderen Kulturen das Scheitern als Notwendigkeit für eine (berufliche) Weiterentwicklung angesehen wird, ist es im deutsch-sprachigen Kulturkreis negativ belastet.SourceClausen, Monika: Einen Versuch ist es Wert.http://www.alpha.ch/(S(3dqqtw45blc41im2r32ucd55))/alpha/ArticleDetail.aspx?id=3558
    • What does Switzerland stand for?Source:http://emagazine.credit-suisse.com/app/article/index.cfm?fuseaction=OpenArticle&aoid=249692&refresh=true&lang=E
    • Attention to detailSource: http://www.swiss-miss.com/2010/07/thorough-swiss.html
    • Attention to detailSource: http://frankcalberg.blogspot.com/2009/06/example-of-order-in-switzerland.html
    • Sourcehttps://twitter.com/ooniboni/status/219070054929670145
    • Source:http://www.videoportal.sf.tv/video?id=c964d61f-01d8-4023-9854-7334a1592759
    • Foreign workers as % of total workersSource:http://www2.goldmansachs.com/ideas/demographic-change/womenomics-2011/right-column/womenomics3.pdf, p. 22.
    • How do you define yourself:1. As a citizen of the city in which you are born?2. As a citizen of the city in which you live3. As a citizen of the country you are born?4. As a citizen of the continent you are born?5. As a global citizen?
    • Many rules at thePeter and Paul Fortress in St. Petersburg, RussiaSource: http://www.nytimes.com/interactive/2010/05/11/travel/funny-signs.html#/4be383740bca256c9e0004c0/
    • Sourcehttp://www.economist.com/blogs/dailychart/2011/06/military-spending?fsrc=scn/tw/te/mp/defencecosts
    • Sourcehttp://www.gapminder.org/
    • Fascism and racism find their most fertile ground in cultures with strong uncertainty avoidance plus pronouncedly masculine values.SourceHofstede, Geert: Cultures and Organizations, p. 255.
    • Part # 3Low uncertainty avoidance markets
    • Low uncertainty avoidanceSource: http://www.clearlycultural.com/geert-hofstede-cultural-dimensions/uncertainty-avoidance-index/
    • People from the low uncertainty avoidance countries such as Singapore, the nordic countries, Great Britain, the USA, and Hong Kong feel most comfortable in a world with few rules. They are more likely to stimulate innovations and emphasize new ideas, are more flexible and more acting than reacting on changes occurring inside and outside of business.Sourceshttp://intpmcomms.com/uncertainty-avoidance-in-international-project-communications/http://www.via-web.de/uncertainty-avoidance/
    • Power distance China French speaking Switzerland UK, USA, Scandinavia Germany Uncertainty avoidance
    • People with international business experience have confirmed many times that  French organizations concentrate authority more,  German organizations need more structure, and  people in British organizations believe more in resolving problems ad hoc.SourceHofstede, Geert: Cultures and Organizations, p. 305.
    • Open gardensSourcehttp://www.nubricks.com/archives/41626/3-bed-house-usa-id-6036102/
    • High spending on education in ScandinaviaSourcehttp://www.flickr.com/photos/isaacmao/6422522391/sizes/l/in/contacts/
    • Interviews with Danish footballchampions in the locker roomSourcehttp://www.b.dk/billedeserier/da-pressen-maatte-gaa-i-bad-med-landsholdet
    • When people in Thailand do not do what they are supposed to do, other people may just smile and let it go.Sourcehttp://home.sandiego.edu/~pavett/docs/msgl_503/dim_of_cult.pdf
    • Sign in Taxi in Bangkok, ThailandSourcehttp://www.nytimes.com/interactive/2010/05/11/travel/funny-signs.html#/4be5181f8e31df5c7d00012b/
    • Street in IndiaSourcehttp://youtu.be/PsZKPnvlx44
    • Cultures with Chinese-speaking populations and Confucian tradition tend to score lower on uncertainty avoidance.Sourcehttp://www.sagepub.com/upm-data/11711_Chapter7.pdf
    • The about 16000 chinese mines are the mostdangerous in the world.In 2008, more than 3,000 people were killed inmine floods, explosions, collapses and otheraccidents in China’s coal-mining industry.Sourcehttp://www.nzz.ch/nachrichten/panorama/china_bergwerk_unglueck_1.4047426.htmlhttp://www.reuters.com/article/topNews/idUSTRE5AK08Y20091123?
    • Other sourceshttp://youtu.be/Qem46KUMIOMhttp://www.andrews.edu/~tidwell/bsad560/HofstedeUncertainityAvoidance.html