ENTRY 4: THE HOFSTEDE MODEL

Taking the Hostfede Model we can spot some aspects (the similarities and differences) between South Korea and Colombia. In the dimension of Long Term Orientation we can see that South Korea has a score of 100, which makes us think that it is a country well focused. On the other hand we have Colombia with a score of 13. We can analyze this and notice the real giant gap between those scores and analyze the differentiation of the countries.

For me, these scores are really different because of the way of living we are used to. For example, South Koreans are really calm people who know how to take risks (they are incredibly adaptable). Also they are really hard working and do more of what they are asked to, their economy tends to be thrifty (they are pretty good at closing job deals because they do not expect to achieve their goals immediately).

For Colombians this is completely the opposite, we like to focus on achieving quick results, and do not like to wait more to achieve those goals. We find it really hard to take those kinds of risks and we are not used to the way of living of South Koreans.

Talking about similarities, we can see that the power distance index is pretty similar between South Korea (with a 60%) and Colombia (with 67%). This make us notice that since the percentage is relatively high, people from these 2 countries know their social position and accept it, knowing that there are people with more power and they usually do not try to interfere in changing this because it is not in their interest. Another similarity is the Uncertainty Avoidance South Korea have 85% while Colombia have 80%. Both countries have a high percentage, which means that we try to avoid problems in future events, we usually follow rules and formalities, as well as that according to The Hofstede Model are companies that tend to take low risks so as not to have losses in the future.