Cross-cultural management philosophies

Article Abstract:

Management philosophies from a sample of firms and institutions from 41 different countries were analyzed to determine the validity of the four worlds business model, which divides developed and developing nations into entities with distinct management cultures. Worlds of the West, East, North, and South are characterized by different philosophies that stress empiricism, idealism, rationalism, and humanism, respectively. The different philosophies are reciprocally related to recognized organizational and management efficiency.

Social aspects, Beliefs, opinions and attitudes, Corporate culture, Organizational effectiveness

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Tests of the generalizability of Altman's bankruptcy prediction model

Article Abstract:

A study looks at Altman's Z-score model, which is used to evaluate the financial health of firms. The study finds that the model is useful for predicting financial stress conditions besides bankruptcy. Other results of the study are presented as well.

United States, Statistical Data Included, Analysis, Business failures

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