operations. Four distinct predispositions toward doing things in a particular way: 1. Ethnocentric 2. Polycentric 3. Regio-centric 4. Geocentric strategic predisposition • Ethnocentric predisposition – A nationalistic philosophy of management whereby the values and interests of the parent company guide strategic decisions. • Polycentric predisposition – A philosophy of management whereby strategic decisions are tailored to suit the cultures
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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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different ways of doing business. The United States is ethnocentric; its investors are used to taking their rules and regulations over‚ which makes it difficult because they should adapt as every country has their own rules and regulations. If a polycentric approach was used by U.S.‚ the consumers in India will react to it considering those practices are wrong and inappropriate. This could also have been the reason for India’s interference in stopping Coke’s operations due to the villagers’ accusation
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Define the main approaches to international staffing 2472 words This difficult task of recruiting international employees will be carried out by deployment of human resource capabilities within an international framework. Companies have immense resources that they can use when faced with employee decisions. It is 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
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2……………………….Index 3-4……...................…..Introduction 4-7…………………….Entering the UAE 7-8.................................Entering Egypt 8-9.................................Entering Kazakhstan 9-10.............................. Ethnocentric or Polycentric Approach Introduction The retail outlets‚ more so specifically the fast food industry was introduced through the concept of offering packaged food with a typically low preparation time. Franchised restaurants receive standardized food products
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INTERNATIONAL BUSINESS STRATEGY 72-hours Individual Case Exam 21.4.2008 – 24.4.2008 Philip Jacek Lange CPR Number: 100286-1719 Answer to Question 1: L’Oreal‚ established in 1909‚ is today the world leader among beauty companies. It employs over 60‚000 people (Company Overview‚ Facts & Figures‚ 2008) and had consolidated sales of 17063 Million EUR in 2007 (Latest Press Release Corporate‚ 2008). L’Oreal sees its mission to further the cause of beauty‚ and owns branches in Cosmetics‚ The
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International Business Essay Exam #2 In what kind of industries does a localization strategy make sense? When does a global standardization strategy make most sense? The industry that localization strategy would make sense would be the automotive industry‚ manufacturing factories‚ and I want to stay the big chain grocery stores. By these firms customizing the products they offer to local demand‚ the firm increases the value of that product in the local market. But on the downside‚ it involves
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both headquarters and subsidiaries staff. Trainers could be sent from various positions in either the headquarters or subsidiaries to any other location in the company. In a decentralized approach‚ training is on a local basis‚ following a polycentric model. When training is decentralized‚ the cultural backgrounds of the trainers and trainees are usually similar. Local people develop training materials and techniques for use in their own area. To maximize training effectiveness‚ it is important
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True or False Your Results: The correct answer for each question is indicated by a . 1 CORRECT A company with a(n) _____ predisposition tries to integrate a global systems approach to decision-making. A) geocentric B) regiocentric C) polycentric D) ethnocentric Feedback: Page: 129 Difficulty: Easy 2 INCORRECT After the breakup of the Soviet Union‚ MNCs typically entered into partnerships with the republics of the former Soviet Union with a view toward making them: A) part of at least
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Creative Destruction and the Aftermath of the Tsunami: Recovery of Southern Sri Lankan Small Business in the Face of Inertia Dr. C. Travis A. Perera Senior Consultant‚ Entrepreneurship‚ Business Development & Operations Management Postgraduate Institute of Management‚ Sri Lanka Telephone number: 94-777 756 109 Fax number: 94-11-2689643 Email: drtravisperera@gmail.com Paper Presented At the 5th International Entrepreneurship Forum held in Cape Town‚ South Africa from September 07-09-2005
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