and procedure on how to recruit and select a CEO in the set-up and growth phase of the business cycle within Shanghai in February 2013. Firstly‚ this essay will argue whether the Human Resource Department of Samsung will adopt an ethnocentric‚ polycentric‚ regiocentric or geocentric recruitment and selection strategy. Secondly‚ this essay will outline the selection criteria for determining as who will be selected for the new CEO position within Shanghai. Thirdly‚ this essay will propose the leadership
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Global Marketing‚ 6e (Keegan/Green) Chapter 1 Introduction to Global Marketing 1) A management team that fails to understand the importance of global marketing risks losing its domestic business to competitors with lower costs‚ more experience‚ and better products. Answer: TRUE Diff: 1 Page Ref: 4 AACSB: Reflective Thinking 2) As Wal-Mart expands into Guatemala and Central American countries‚ it is implementing a market development strategy. Answer: TRUE Diff: 1 Page Ref: 4 AACSB:
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different 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
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Final exam questions – International Business_Fall 2013 (18.01.2014) 1. What are the economic and political arguments for regional economic integration and impediments to integration? Describe each argument and impediment shortly. The economic and political arguments for Regional Economic Integration are trade diversion and geography. This would exclude third world countries from being exposed to trade tariffs in the international market. Other than that because of being close to each other‚ the
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include political‚ legal‚ economic and socio – cultural factors. Other factors include trust and personal moral merits. There are three approaches to staffing policy which a multinational firm can adopt. These are the ethnocentric approach‚ polycentric approach and the geocentric approach (Hill‚ 2011). A firm using the ethnocentric approach fills all key management positions with parent country nationals; this approach is often used when operations are carried out in less developed countries
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chapter focuses on the challenging topic of global human resource management (HRM). The term “expatriate manager” is introduced. The task of staffing foreign subsidiaries is discussed. In this area‚ firms typically pursue either an ethnocentric‚ polycentric‚ or geocentric approach. This section is followed with an explanation of the challenges involved in
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Question 1 1. Which of the following terms refers to working partnerships between MNCs across national boundaries and often across industries? Answer | | transnational corporations | | | strategic alliances | | | foreign subsidiaries | | | turnkey operations | 1. Which of the following terms refers to an overseas business owned and controlled by two or more partners? Answer | | multinational enterprise | | | foreign direct investment | | | global management
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view the world only through his U.S.-based perspective. What can be deduced about his attitude? 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.
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selling in the importing country‚ the firm may have at times no alternative other than either to get it back or destroy it there or accept other cuts in its price. An ethnocentric firm always looks for help from the home country government. A polycentric firm (P) is one that exports to not just one market but to several markets. It looks for customers in different markets. But still it is interested in selling its existing product line in the
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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
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