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The dimension of long term orientation can be explained as follows.
Thus, companies in a higher long term orientation culture will take a holistic approach to balancing their economic, environmental, and social sustainability performance.
Long term orientation (LTO) is the degree to which a society embraces, or does not embrace, long-term devotion to traditional, forward thinking values.
From a cultural perspective, the corporate intention to manage sustainability in Korea and Japan can be attributed to the values of power distance, individualism and long term orientation.
Since the implementation of corporate sustainability requires long term consideration of organisations' strategy, planning, and investment, companies with high scores in long term orientation will take proactive approaches to environmental and social sustainability management activities.
Thus, given the similarity between Hofstede's cultural values of power distance (PDI) and the long term orientation (LTO), we can conclude that both values are applicable in explaining the influence on the intention of companies to adopt sustainability practices.
Similar(46)
There's only one problem with this long-term orientation.
But are German policy makers so wrong in their long-term orientation?
The company said it was also particularly disappointed with the sales of Xbox in Japan, but insisted that it would take a long-term orientation to that market.
"Our willingness to be misunderstood, our long-term orientation and our willingness to repeatedly fail are the three parts of our culture that make doing this kind of thing possible," he said.
Jettisoned, too, were funds that trade a lot; we want long-term orientation here.
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