company’s response to global business opportunities depend greatly on management’s assumptions or beliefs –both conscious and unconscious – about the nature of the world. The worldview of a company’s personnel can be described as ethnocentric‚ polycentric‚ regiocentric‚ and geocentric. Management at a Q2. Explain the role of political environment scanning in international marketing. What is political risk? Answer. Environmental scanning is the communication of external information about facts that could
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Week Three Assignment 5. Explain when and why it is important for a company to globalize. When an organization wants to go global‚ they look at the opportunities in all countries that will permit that organization to enhance the effectiveness of business functions everywhere the organization has operations and then devise a strategy to achieve that goal. The two main reason an organization looks to globalization is for standardization and customization. Standardization uses a
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International Business & Economics Research Journal – January 2009 Volume 8‚ Number 1 69 Strategic Human Resource Management And Global Expansion Lessons From The Euro Disney Challenges In France Guergana Karadjova-Stoev‚ Nova Southeastern University‚ USA Bahaudin G. Mujtaba‚ Nova Southeastern University‚ USA ABSTRACT The strategic role of human resource (HR) management should be seen as an integral element of a company’s overall success in accomplishing its mission and business strategy.
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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
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QUESTION 1 1. The culture of which of the following countries has a close conversational distance? Brazil United States Russia Sweden 10 points QUESTION 2 1. Titania is a country characterized by a high-context culture. This implies that ________. personal relations and goodwill are valued in Titania business is primarily deal-oriented in Titania the people of Titania tend to conduct negotiations as efficiently as possible the people of Titania tend to use legalistic contracts
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1. Strategic IHRM frameworks and their application. The description and use IHRM‚ with a SIHRM framework to identify IHRM opportunities and challenges for international organisations operating simultaneously in countries experiencing different economic environments. When organisations go global‚ International HRM (IHRM) strategies are critical for success. IHR should participate in strategic decision making at the highest level. Strategic human resource management (SHRM) integrates an organisation’s
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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
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achievement vs. ascription? Compare and contrast each pair. 4. If a locally based manufacturing firm with sales of $350 million decided to enter the EU market by setting up operations in France‚ which orientation would be the most effective: ethnocentric‚ polycentric‚
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International staffing strategies 3 2.1.1 Ethnocentric staffing 3 2.1.2 Polycentric staffing 3 2.1.3 Geocentric staffing 3 2.1.4 Regiocentric staffing 4 2.2 Personnel recruitment 4 2.2.1 Internal recruitment 4 2.2.2 External recruitment 5 2.3 Personnel selection 5 2.3.1 Selection criteria 6 2.3.2 Final selection process and instruments 6 3. Contractual conditions of the employment abroad 7 3.1 Objectives of a contract 7 3.2 Compensation 7 3.2.1 Ethnocentric compensation policy 7 3.2.2 Regiocentric
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INTRODUCTION TO INTERNATIONAL MARKETING 1. What are the principal differences between marketing domestically and marketing internationally or globally? Discuss the various factors that have led to the growth of international business? There is very limited growth in domestic markets‚ so in order to remain healthy‚ most companies must grow and this has been achieved by going international. This is because many product markets in the industrialized nations are saturated which limits
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