Long-Term vs. Short-Term Orientation

Which of the following characteristics is associated with long-term orientation (LTO)?

Short-term orientation (STO) cultures tend to prioritize future benefits over immediate pleasures.

Name one example of a country that is often associated with short-term orientation (STO).

Cultures with a _______ orientation encourage planning and have lower levels of compulsive buying.

Match the cultures with their orientation:

Long-Term vs. Short-Term Orientation

Societies prioritize the past, present, and future differently.
Long-term orientation (LTO) emphasizes traditions, norms, and views social change with suspicion.
LTO cultures value perseverance, orderly relationships, thrift, and a sense of shame.
LTO cultures tend to be pragmatic, encourage thrift, and emphasize future provisions.
Cultures with a short-term orientation (STO) prefer immediate benefits and pleasures.
STO cultures tend to make decisions based on immediate desires, often without considering future consequences.
LTO cultures are more likely to plan ahead before making large purchases, and exhibit lower compulsive buying.
UK, US, and Australia tend to have a shorter-term orientation.
Hong Kong, China, Brazil, India, and Hungary tend to have a longer-term orientation.
Consumers from LTO cultures are less likely to use credit cards and prefer cash and debit cards.
STO consumers are more inclined to "buy now" without considering future debt.
LTO consumers are more likely to "plan ahead" and less influenced by immediate desires.

Explore the differences between long-term and short-term orientations in various cultures. This quiz delves into how societal values affect consumer behavior and decision-making processes. Understand the implications of these orientations on purchases and financial habits.