In order to compete successfully in world markets, international leaders must be able to understand and manage diversity. That is, they must obtain better knowledge of historical, cultural, and religious forces that motivate and drive people in foreign cultures. In Japan, for example, business relations typically operate within the context of Wa, which means group harmony and social cohesion. In China, business is measured via guanxi, or personal relations. In South Korea, the inhwa concept is employed, which is based on the principles of hierarchical relationships (Alston, 1989). These diverse cultures require international leaders to have a solid grasp of the measures by which business dealings are fostered. Please review and provide your evidence-based rationale regarding the following:
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