useful thanks to their knowledge of foreign market‚ language and needs and they know human resources policies for local employees‚ whereas PCNs have the ability to maintain control (for example with a newly established subsidiary)‚ to adapt an ethnocentric attitude and to process an expatriation management (staffing‚ training‚ compensation). An IHRM system is a product of distinct activities‚ functions and processes that are directed at attracting‚ developing and maintaining the human resources
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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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The tortuous Evolution of the Multinational Corporation 3 State of Mind Attitudes • ETHNOCENTRIC - Home Country Attitudes • POLYCNTRIC - Host Country Oriented • GENOCENTRIC - World Oriented 3 State of Mind Attitudes Ethnocentric – Home Oriented – Home Nationals are superior‚ more trust worthy and more reliable than any foreigners in over seas headquarters or subsidiaries – The performance criteria for men and products are “Home made” – Advise/Council flows from headquarters to subsidiaries
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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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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. A) ethnocentric B) parochial C) bigoted D) geocentric 4) Which of the following countries is a
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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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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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1.0 Study Case Summary Office Equipment Company (OEC) manufactures a wide variety of office equipments such as copying machines‚ recording machines‚ mail scales and paper shredders in eight different countries and distributes and sells products worldwide. It has no manufacturing facilities in Peru but has been selling and servicing there since the early 1970s. OEC first tried selling in Peru through independent importers but quickly became convinced that in order to make sufficient sales it
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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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you describe Green’s and Martin’s attitudes as being ethnocentric‚ polycentric‚ or geocentric? What factors do you think have influenced their attitudes? HG as an American company is secular by nature‚ but its activities retain Christian values. Green is a high level manager and his attitude was geocentric‚ choosing to associate with other Americans and lived in the upper middle class neighborhoods. Martin on the other hand had a more polycentric attitude‚ taking in all of Uganda’s offerings and culture…which
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