These essays assess the impact of cultural values on managerial policies and practices in organizations as well as the interaction of social, economic, and political institutions in both highly developed and developing countries. A comparison is drawn between the evolution of Yugoslav and United States policies and processes. The authors conclude that while both countries have a strong commitment to the importance and role of the individual, this commitment takes different forms and is still evolving. United States management policies and practices are much stronger in Yugoslavia. However, both countries' national and firm policies and practices are heavily influenced by international trade and commerce, which in turn affect cultural values and management policies and practices.
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