to adapt to the foreign cultures should be contingent not only on the culture of the country but also the 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
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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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attitudes of Martin and Green? Ethnocentric‚ polycentric‚ or geocentric? * Ethnocentric is judging a culture solely by its values and standard of one’s own culture. Hence Green’s attitude was ethnocentric‚ as he judged the Ugandan culture by comparing it to the norms and culture of his company. The company’s culture and foundation was based on Christian beliefs and hence they were contradictory to the country they had stationed in. * Martin’s attitude was more geocentric‚ although he did not believe
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Class 11: Chapter 4 "In all of your endeavors‚ you have opportunities to be a powerful and positive influence on the lives of other people. But first‚ you must care enough to understand them and become familiar with their personal interests and expectations for life." The Key and Importance of Culture; Nature of Culture and Effects on International Management Leadership; Research Studies of Cultural Dimensions; and Culture Management Leadership: The Globe Project The Key and why is the Issue
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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
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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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Executive Summary In a highly competitive and ultra-dynamic business environment in order for Morden business to remain competitive and thrive‚ it is no longer good enough to compete and serve at a local scale‚ more and more business have seen the need and benefit of expanding their business on a global scale. Expanding the business internationally will allow a broader market which in turn will help the organisation stay competitive even gain a competitive edge‚ it will also result in increased
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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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Domestic consumer predisposition According to Nazlida Muhamad and Razli Che (2004) Malaysian have a high level of consumer ethnocentrism‚ but the level to which they are very ethnocentric is not a measurement to conclude that all Malaysian prefer domestic rather than foreign products. For instance‚ many foreign products are imported by ASEAN Free Trade for the Malaysian consumers with more affordable deals which it shows that the Malaysians are very open to the foreign products. Consumer ethnocentrism
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EPRG Framework A firm needs to an appropriate orientation for the world market. While looking for orientation‚ it is important to understand the EPRG framework. Ethnocentric (E) orientation refers to home country organization. Here the firm ’s reference point is the home market. Generally‚ when the firm is ethnocentric‚ it looks for foreign markets to sell its currents products and surpluses. There is hardly any or minimal product adaptation for the foreign markets. Maybe some minor changes are
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