Ethnocentricity improves the ability to manage new business practices abroad.

Question

Quizplus · Accepted Answer

Ethnocentricity is the belief that one's own culture or country is superior to others. This mindset can actually hinder the ability to manage new business practices abroad because it can lead to a lack of understanding and adaptation to local customs and practices. A more open and culturally sensitive approach is typically more effective in global business management.

Ethnocentricity Improves the Ability to Manage New Business Practices Abroad