Saturday, December 21, 2019

Bp A Great Expression Of The Social, Political, And...

BP is headquartered in London, United Kingdom, and operates in many other countries around the globe. Their commitment to globalization highlights their ability to operate in countries with various cultures and values. Their foreign operations have to align with the social, political, and economic norms of these countries in order to effectively and efficiently run. Geert Hofstede’s work alludes to the difference in societies of countries around the world. His work studies the differences in society through measuring power distance, uncertainty avoidance, masculinity vs femininity, individuality vs collectivism, and time orientation. BP is a great expression of Hofstede’s work as it effectively highlights the main differences of operations in the UK, compared to operations in Canada. In the UK, operations are similar to Canada in regards to power distance. This is evident as workers understand that power is divided unequally within society. The power distance is measure d by the PDI indicator and is used to evaluate the distribution of power. Countries with high PDI’s have a tendency to have more distinct roles within a firm, and more power is given to those with higher positions. Conversely, in countries with low PDI’s, it is the opposite. Both the UK and Canada are countries that emphasize a capitalistic society and more wealth to those who have higher positions. This is based on a hierarchal structure which enables more pay for those at the top. As BP is based in the UK,Show MoreRelatedInternational Management67196 Words   |  269 Pagesglobal financial crisis and economic recession have challenged some assumptions about globalization and economic integration, but they have also underscored the interconnected nature of global economies. Most countries and regions around the world are inextricably linked, yet profound differences in institutional and cultural environments persist. 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