Ethnocentric staffing approach Word number:973 Executive summary In today’s global world Human Resource (HR) practices and polices have become very significant for further development of multinationals organizations. In order for multinationals companies to be competitive‚ it is necessary to have adequate international staffing approach. Management of employees in foreign subsidiary is a complex job. Nevertheless‚ Human Resource managers need to manage people across
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1. (Chapter 2) What is the difference between a polycentric‚ ethnocentric‚ and geocentric approach to international management? What key factors should a firm consider before adopting one of these approaches? Polycentric approach to international management is the policy involved hiring and promoting employees who are citizens of the country that host and operates the company. The polycentric approach is best used in order to maintain low hiring costs. Communication is easier and companies run
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Historically speaking most theories of counseling are based on Western assumptions. Research has shown that for non-White clients the monocultural ethnocentric approach is not effective. For example‚ Sue & Sue (2013) believe that because most therapist are trained to use the Western approach they lack expertise in working with culturally diverse clients. Also many of these counseling theories do not work for culturally diverse clients because they go against their beliefs and values. Therefore‚
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Different approach of International Business In truth‚ we have become part of a global village and have a global economy where no organization is insulted from the effects foreign markets and competition. Indeed‚ more and more firm are reshaping themselves for international competition and discovering new ways to exploit markets in every corner of the world. Failure to take a global perspective in one of the biggest mistakes managers can make. Thus we start laying the foundation for our discussion
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disadvantages of the ethnocentric‚ polycentric‚ and geocentric approaches to staffing policy? What is each approach appropriate? “An ethnocentric approach to staffing policy fills all key management positions in an international business with parent-country nationals” (p. 531). The advantages of the ethnocentric approach are: Overcomes lack of qualified managers in host country‚ unified culture‚ and helps transfer core competencies. The disadvantages of the ethnocentric approach are: Produces resentment
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Briefly discuss the three types of staffing policies in international business. Discuss the staffing policies adopted by MNCs (Multi-National Company) operating in Singapore. Which is the most attractive approach and why? The 3 types of staffing policies are ethnocentric‚ polycentric‚ and geocentric. Ethnocentric approach fills key management position with parent-country nationals. Advantage: * Overcome the lack of qualified manager in host country * Unify corporate culture. * Transfer
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the core values and culture of our company. He/she must be able to convey the right organisational processes‚ structures and principals. This is not just based on a set of rules or operations standard‚ it require us to move from transaction business approach to relationship-based. Selection of this expatriate must be carefully done and with the right model. Such strategies implementation is very much depended on managerial talent. (Fernandez-Aroaz‚ 1999; Hollenbeck‚ 2009; Fang‚ Jiang‚ Makino and
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venture | | | c. strategic alliance | | | d. franchising company | | Question 5 Marks: --/1 A ________ attitude is characterized by parochialism. Choose one answer. | a. acculturated | | | b. geocentric | | | c. ethnocentric | | | d. polylinguistic | | Question 6 Marks: --/1 The European Expansion (Scenario) You have been hired by a company to look at the ways to best move the company into the European market‚ but you have to first determine what
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The Role of the International HR Manager For many people international HR management (IHRM) is synonymous with expatriate management. IHRM‚ however‚ covers a far broader spectrum than just the management of expatriates. It involves the worldwide management of people. Although International HR (IHR) managers undertake the same activities as their domestically-based colleagues‚ the scope and complexity of these tasks will depend on the extent of internationalisation of the organisation. In this
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International Business 1. Q: List elements of the national business environment that influence the standardization-versus-adaptation decision. Standardized is just one of a number of strategies with which firms successfully enter the international marketplace today. Standardization may not always be the most appropriate strategy‚ even. Smaller companies may also be better off adapting to local cultures and exploiting their international image to gain market share locally. Consumers in different
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