Ruby Bucsit
Abstract
In 21st century, we are seeing a big leap in the globalization of business and with this, the ability of management of an organization to work effectively across the cultural and national borders is playing a critical role in business success. Staffing management of multinational companies is a complex issue to the international human resource management (IHRM). With this stated, the statement, “Culture is a major variable for international management” is true in every sense. Keywords: expatriate, ethnocentric, polycentric, regiocentric, geocentric Introduction
Culture generally refers to patterns of human activity and the symbolic structures that give such activity significance. Different definitions of “culture” reflect different theoretical orientations for understanding or criteria for valuing human activity. It refers to an ideal of individual human refinement, of "the best that has been thought and said in the world" (Wikipedia.org). In management, culture has a slightly different meaning. It can be explained as a set of policies, values, beliefs, and attitudes learnt and shared by the organizations member (Naylor, 2004). For this project, I will evaluate at how different kinds of management cultures in managing subsidiaries, which are located all over the world, can influence the development and growth of an organization in the modern era of globalization.
International Business
In the past, when people talked about international business, it only means that they exported their products to other countries. Nowadays, because of the development of free trade, any countries reduce their trade barriers in order to attract foreign companies in, to invest to and drive their domestic economy. Whenever people think about international business, it is no longer only trading from one place to another – they are thinking in terms of globalization.
References: Geocentric. Retrieved from URL, The McGraw-Hill Companies website, http://www.mhhe.com/uop/hill3e/student/olc/ch18s_cs.html Khan, Aurazeb (2009, July 9) Polycentric. Retrieved October 30, 2010 from, US Legal website, http://definitions.uslegal.com/p/polycentric-staffing/ Regiocentric Schneider, Mark (2010, Feburary 8). “Why Leadership Teams Must Be Global”. Retrieved from http://www.businessweek.com/print/globalbiz/content/feb2010/gb2010028_949458.htm Hill (2005)