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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joined Wharton’s faculty in 1969. He specialised in the evolution of multinational corporations (MNCs) making predictions to how their viability and legitimacy would change. Perlmutter is the first academic who identified distinctive managerial orientations of international companies. "The more one penetrates into the living reality of an international firm‚ the more one finds it necessary to give serious weight to the way executives think about doing business around the world". These organisational
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Ethnocentric is a staffing policy that is used in companies that has primarily international strategic orientation. This policy is generally adopted by headquarters by sending employees from the home or parent countries to the host country. This approach is used best in some situations such as‚ a team is sent from the home country to help setting up a new plant as well as train subsidiary personnel to use new system. The benefit of having staffs from home country abroad is that employees may gain
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Introduction Unilever‚ a multinational organisation‚ are geocentric in their approach to globalisation and have recently taken over a factory in China. This factory has had no previous relations with any international corporation and operates solely through a regiocentric style of management. Unilever wish to bring the Chinese factory into line with their current practices and to assist in the transition of the factory from a regiocentric to a geocentric approach a group of proficient managers will be selected
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organization have to become less ethnocentric and more polycentric when operating in an international context? Brewster‚ Sparrow and Vernon (2007) claim that there is a significant debate between those who believe that the world is getting more globalized and therefore all aspects of management‚ including HRM‚ are becoming more alike‚ and those who believe that each country continues to have its own approach to management in general and human resource management in particular. Organizations have
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2. How would you describe the respective attitudes of Martin and Green: ethnocentric‚ polycentric‚ or geocentric? What factors do you suspect of having influenced their respective attitudes? Charles Martin has a geocentric attitude while James Green’s attitude is ethnocentric. While in college‚ Martin majored in African studies. Upon graduation‚ he served in the Peace Corps in Kenya. During this time‚ he became accustomed to business procedures in Africa. He really enjoyed working in Kenya
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ETHNOCENTRIC MANAGEMENT ORIENTATION Management holding an ethnocentric orientation believes that its home country is superior to any other country in the world regardless of any evidence to the contrary. An ethnocentrically oriented manager may think: “since a product or a service performed well at home‚ it should also perform well abroad. Since this is so obvious‚ no further research is necessary on foreign markets and no adaptations need to be made to the products or services to tailor them to
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BA(Hons) Management International HRM Report Word Count = 2176 Executive Summary The purpose of this report is to explore the regiocentric approach to International Human Resource Management and discuss the impact the use of this approach would have in the case of expanding to a new location. The Expatriate Management Cycle is covered to identify any considerations that may have to be made during the process. The report evaluates the use of a regiocentric method for an international
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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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Good evening lady & Gentleman. I’m ________‚a HR manager ‚well today I will explain a HR concept. For the begin‚ we are a HR department. So we need to planning and finding the workforce that effective knowledge for our firm. So you have to understand what workforce happen. For example education‚ workforce lifestyle‚ and population structure. Also and then we need to plan about appropriate wage &welfare for attract the people to interested our firm and would like to be our company
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