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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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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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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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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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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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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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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Introduction The rapid pace of Globalization has led to a change in the global economy during the past several decades; it is believe that factors such as trade liberalisation‚ access to cheaper labour and resources‚ similarity of consumer demand around the world‚ and advances in technology and communication has widened the market of consumption‚ investment as well as production on a global scale. These globalization driven factors created new challenges and global competition for businesses around
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Chapter 1 Introduction to Global Marketing § What is Global Marketing? Global Marketing is the process of focusing the resources and objectives of a company on global marketing opportunities. It means widening the business horizons to encompass the world when scanning for opportunity and threat. This decision to entering new markets depends strongly on the company’s resources‚ managerial mindset and the nature of opportunity and threat‚ which not every company is able to. In the 1990s‚ the
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