'Culture is a collective phenomenon that is shared with people who live within the same social environment, which is where it was learned. It is the collective programming of the mind which distinguishes the members of one group or category of people from another.' Hofstede 1997.

Q1: Using the five dimensions of cultural norms discuss how cultures differ from each other.

Q2: Institutions and resources play a key role in a firm's success. Use the resource and institution-based views to briefly explain why nations trade.

Q3: Corporate Social Responsibility requires that multinational enterprises consider and respond to issues beyond the narrow economic, technical, and legal requirements of the firm to accomplish social benefits. Answer the questions below. What do you understand by the term 'Triple Bottom Line'?

Assume you are the manager of a multinational enterprise subsidiary in Nepal. Examine the recommendations you would adopt for your firm to comply with the Corporate Social Responsibility requirements.