| b. joint 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
Premium Geert Hofstede
to give its “customers the industry’s most efficient flash storage platform.” In order to better identify which staffing is best fit for Numble’s Storage company we must better understand the four cultural concepts of ethnocentric‚ polycentric‚ regiocentric‚ or geocentric. Ethnocentric “involves staffing the most important positions in the foreign subsidiaries with expatriates from company’s home country”. Expatriates are selected from the current companies country and then transferred to the companies
Premium 2016 Corporation Country
three stages. Taken the firm Siemens as example‚ if the company claims that electronics made in Germany are the best and it markets itself as “a German company”‚ then it may‚ in the first stage‚ called home country attitudes‚ which is also called ethnocentric attitude. Companies in the first stage are pervasive. The second stage is the stage of host country
Premium Corporation Strategic management Management
useful thanks to their knowledge of foreign market‚ language and needs and they know human resources policies for local employees‚ whereas PCNs have the ability to maintain control (for example with a newly established subsidiary)‚ to adapt an ethnocentric attitude and to process an expatriation management (staffing‚ training‚ compensation). An IHRM system is a product of distinct activities‚ functions and processes that are directed at attracting‚ developing and maintaining the human resources
Premium Multinational corporation Globalization Human resource management
The tortuous Evolution of the Multinational Corporation 3 State of Mind Attitudes • ETHNOCENTRIC - Home Country Attitudes • POLYCNTRIC - Host Country Oriented • GENOCENTRIC - World Oriented 3 State of Mind Attitudes Ethnocentric – Home Oriented – Home Nationals are superior‚ more trust worthy and more reliable than any foreigners in over seas headquarters or subsidiaries – The performance criteria for men and products are “Home made” – Advise/Council flows from headquarters to subsidiaries
Premium Earth Ethnocentrism Polycentrism
cultures. One major problem facing MNCs is that they sometimes attempt to manage across cultures in ways similar to those of their home country. MNC dispositions toward managing across cultures can be characterized as (1) ethnocentric‚ (2) polycentric‚ (3) regiocentric‚ and (4) geocentric. These different approaches shape how companies adapt and adjust to cultural pressures around the world. 2. DISCUSS cross-cultural differences and similarities. One major challenge when dealing with cross-cultural
Free Culture
COAL INDIA LTD. Introduction Coal India Limited (CIL)‚ a holding company‚ was set up on 1st November‚ 1975 to streamline the working of the coal industry in a manner conducive to more efficient administration and rapid stepping up of coal production. The company has under it seven producing subsidiaries and one planning and design subsidiary. The coal mines in the north eastern region are directly managed by the holding company. Dankuni Coal Complex‚ a coal carbonisation plant in West Bengal‚ is
Premium Coal
A) He has an elitist attitude. B) He has a polycentric attitude. C) He has a parochialistic attitude. D) He has a geocentric attitude. 2) Managers with a(n) ________ attitude view every foreign operation as different and hard to understand. A) geocentric B) polycentric C) ethnocentric D) regiocentric 3) In today’s global environment‚ managers must have a(n) ________ attitude in order to be successful. A) ethnocentric B) parochial C) bigoted D) geocentric 4) Which of the following countries is a
Premium Management Ethnocentrism Social responsibility
attitudes approaches of the corporate culture. These viewpoints take form in one or more of the following attitudes: Polycentric‚ Ethnocentric‚ or Geocentric. Due to the Ugandan government officials way of conducting business through acceptance of tips and advances‚ which is in conflict with HG’s Christian foundation‚ managers like Martin should have and did take on a polycentric approach thus mixing the two cultures. Even though Martin had completed the project on schedule and under budget‚ he
Premium Kenya Yoweri Museveni Culture
1.0 Study Case Summary Office Equipment Company (OEC) manufactures a wide variety of office equipments such as copying machines‚ recording machines‚ mail scales and paper shredders in eight different countries and distributes and sells products worldwide. It has no manufacturing facilities in Peru but has been selling and servicing there since the early 1970s. OEC first tried selling in Peru through independent importers but quickly became convinced that in order to make sufficient sales it
Premium Managing director Corporate governance Management