marks Q5. Write short notes on: a) Competency Mapping b) Knowledge Management Q6 Describe HR’s role as a strategic partner in formulating and in executing Organization’s strategy. Q 7. Describe characteristics of the ethnocentric‚ polycentric and geocentric approaches to international staffing SECTION C (Marks 50) Q 8. CASE STUDY 1 Read the following case and answer
Premium Question Management Firm
marks for a total of 50 marks. Question 1 Hofstede devised four dimensions of collective attributes (or Ilvalue orientations") which provide relative measures of group characteristics. Taken together‚ these dimensions represent a society’s predispositions to react to human issues with a relatively strong or weak emphasis on each value orientation. The four dimensions are individualism‚ power distance‚ uncertainty avoidance‚ and masculinity. Concerning individualism: a) Briefly explain Hofstede’s
Premium Human resource management Question Ethnocentrism
the personnel that a company employs that make the difference. Making the right selection and approach together with the most efficient use of them will provide the competitive advantage needed by today’s organisation. The first approach is the ethnocentric approach. It is based on the occupation of a key position by employees from headquarters (i.e. expatriates or parent country nationals PCN). It is thought that subsidiaries can be managed more resourcefully by expatriates. This is because expatriates
Premium Management Human resource management Strategic management
Sun Microsystems ( Corporate Strategy) Introduction Sun Microsystems was found by four individuals. It is the market leader in the fast growing workstations industry. The SPARCstation I was introduced in May of 1990. An improved version of Sparc I was introduced in the summer of 1990 with an improved interface‚ a color monitor. In the beginning company strategy was designed to emphasize gaining market share‚ concentrating on all out sales growth‚ no matter what the cost. Products were sold
Premium Strategic management Subsidiary Marketing plan
anxiety – Adapting to changes in the global environment – Avoiding parochialism Adopting a Global Perspective • Ethnocentric Attitude – The parochialistic belief that the best work approaches and practices are those of the home country. • Polycentric Attitude – The view that the managers in the host country know the best work approaches and practices for running their business. • Geocentric Attitude – A world-oriented view that focuses on using the best approaches and people from around the globe.
Premium World Trade Organization Geert Hofstede North American Free Trade Agreement
* Explain what FDI is and discuss the benefits and costs of FDI from the perspective of a host country and from the perspective of the home country FDI --Foreign direct investment FDI occur when a firm invests directly in new facilities to produce and/or market in a foreign country. Foreign direct investment has many advantages for both the investor and the recipient. One of the primary benefits is that it allows money to freely go to whatever business has the best prospects for growth anywhere
Premium European Union Economics Foreign Corrupt Practices Act
global patterns of diversification‚ amalgamation‚ modification and persistence of management practices determine the response of HR in terms of divergence‚ convergence and cross-vergence (Jackson‚ 2004). MNCs may choose to operate the ethnocentric‚ polycentric‚ geocentric (Perlmutter‚ 1969) or regiocentric
Premium Human resource management
compensation‚ how quickly decisions are made and treatment of women in workplace The process for getting approval on deals was slower and more difficult than before Ethnocentric attitude: To go global nomura believes its own ethnics are the best choice to run foreign operations. Simply giving preference to its own people than others. Geocentric attitude: there are mix of nationalities in Europe and Asia. 3. Do some cultural research on Japan and the United States.
Free Deutsche Telekom Decision making Culture
Over the last decade‚ the numbers of multinational corporations (MNCs) have increased significantly because of the dramatic growth of internationalization and global competition. MNCs play an important role in order to maximize profits and manage complex of international business activities. In spite of the fact that the multinational corporation is operated in several countries (Stonehouse‚ Cambell‚ Hamill & Purdie‚ 2005)‚ the operation and strategic planning of international firms would be more
Premium Human resource management Management
MGT B240 TMA1 Q2： (a)(i) I think managers can improve both efficiency and effectiveness simultaneously. But I think managers should improve the effectiveness first than efficiency if the managers cannot improve both efficiency and effectiveness simultaneously. Improve the efficiency and effectiveness simultaneously is not conflict. Efficiency is getting the most output from the least amount of inputs in order to minimize resource costs‚ which is called “doing things right”. Effectiveness
Premium Ethics Management