In the context of the GLOBE cultural framework, Confucian Asia scores highly on institutional collectivism. Explain how this cultural dimension influences business practices, particularly in terms of decision-making and employee loyalty. (three answers) Group of answer choices High levels of institutional loyalty result in long-term employee commitment, with individuals often staying with the same organization for extended periods. Institutional collectivism fosters a strong emphasis on collective goals, leading to collaborative decision-making processes that prioritize group over individual interests. This cultural dimension supports a hierarchical structure, where decisions are made by senior leaders and disseminated down the chain of command. High institutional collectivism encourages innovation and individual risk-taking, promoting a dynamic and flexible organizational culture. In-group collectivism, often associated with institutional collectivism, leads to strong family-oriented business environments, where familial ties and loyalty play a critical role