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In cross-cultural psychology, uncertainty avoidance is how cultures differ on the amount of tolerance they have of unpredictability. [1] Uncertainty avoidance is one of five key qualities or dimensions measured by the researchers who developed the Hofstede model of cultural dimensions to quantify cultural differences across international lines and better understand why some ideas and business ...
Uncertainty avoidance (UAI): The uncertainty avoidance index is defined as "a society's tolerance for ambiguity", in which people embrace or avert an event of something unexpected, unknown, or away from the status quo. Societies that score a high degree in this index opt for stiff codes of behavior, guidelines, laws, and generally rely on ...
This is likely due to differences in uncertainty avoidance, or "the need for rule-governed behavior and clearly defined procedures". Standard operating procedures are more easily accepted in high uncertainty avoidance cultures, such as Greece, Switzerland, Korea, and some Latin American cultures.
High uncertainty avoidance cultures are Greece, Guatemala, Portugal, and Uruguay. Low uncertainty avoidance cultures [35] [37] Low UAI societies maintain a more relaxed attitude in which practice counts more than principles; Low uncertainty avoidance cultures accept and feel comfortable in unstructured situations or changeable environments and ...
4 Examples of high and low power distance ... power distance and uncertainty avoidance. ... Due to high power distance, it is a culture where one may not question ...
There’s always a long list of reasons to be worried and dump stocks. So during those stretches when markets are down, it’s pretty easy to just back into a narrative that seems to make sense.
Here he described national cultures along six dimensions: Power Distance, Individualism, Uncertainty avoidance, Masculinity, Long Term Orientation, and Indulgence vs. restraint. He was known for his books Culture's Consequences and Cultures and Organizations: Software of the Mind, co-authored with his son Gert Jan Hofstede.
In chapter 13, though, he discussed businesses that represent low risk and high uncertainty. Warning! GuruFocus has detected 5 Warning Signs with SWX. In his book, "The Dhandho Investor: The Low ...