research text book by Ball‚ et al. (2008)‚ it was explained these four approaches in detail‚ they are Ethnocentric approach‚ Polycentric approach‚ Geocentric approach and Regiocentric Approach. Ethnocentric approach is related to the company employing and promoting the Parent-country nationals (PCNs) in their subsidiaries which the employee are the citizen of the nation in the parent company; Polycentric approach is related to employing and promoting the Host-country nationals (HCNs) in their subsidiaries
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companies is a complex issue to the international human resource management (IHRM). With this stated‚ the statement‚ “Culture is a major variable for international management” is true in every sense. Keywords: expatriate‚ ethnocentric‚ polycentric‚ regiocentric‚ geocentric Introduction Culture generally refers to patterns of human activity and the symbolic structures that give such activity significance. Different definitions of “culture” reflect different theoretical orientations for understanding
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‘Globalization’ is a simple word which has achieved great success. “Globalization of markets” (Levitt 1983) is an expression which related first to demand: taste‚ preferences and price-mindedness are becoming increasingly universal. Second‚ it relates to the supply side; products and services tend to become more standardized and competition within industries reaches a world-wide scale. Third‚ it relates to the way firms‚ mainly multinational companies‚ try to design their marketing policies and
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[ 15th October‚ 2007]. Dictionary.Com‚ 2005. "Polycentric". [Internet]. Lexico Publishing Group‚ LLC. Available at <http://dictionary.reference.com/search?q=polycentric>. Access Date [23rd November‚ 2005]. Ethics Quality. 2004A. "Culture Management". [Internet]. United States. Ethics Quality for Organizational Excellence. 2004. Available at <http://www.ethicsquality.com/culturemgt.htm>. Access Date [11th November‚ 2005]. MSN Encarta‚ 2005. "Geocentric". [Internet]. Microsoft. United States. Available
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leverage‚ corporate culture‚ and the continuing presence of national controls that create trade barriers. 3. Describe the difference between ethnocentric‚ polycentric‚ regiocentric‚ and geocentric management orientations. The premise of an ethnocentric orientation is that home country products and management processes are superior. An ethnocentric company that neither sources inputs from‚ nor seeks market opportunities in the world outside the home country may be classified as an international
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|6 | | |2.1 Ethnocentric Orientation ----------------------------------------------- |7 | | |2.2 Polycentric Orientation ------------------------------------------------- |7 | | |2.3 Geocentric Orientation ------------------------------------------------- |8 | | |2.4 Regiocentric Orientation -----------------------------------------------
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a. Ethnocentric b. Polycentric c. Regiocentric d. Geocentric 55. Individuals from the home country manage operations outside the home country in which kind of staffing? a. Ethnocentric b. Polycentric c. Regiocentric d. Geocentric 56. Which of the following statements is false? a. Ethnocentric staffing appeals to companies that want to maintain tight control over decision making in branch offices abroad. b. Ethnocentric companies
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staff in foreign subsidiaries. Heenan and Perlmutter identified approaches to manage foreign subsidiaries which are‚ ethnocentric‚ polycentric‚ geocentric and regiocentric. In this part we will examine the connection between this approaches and staffing practices as well as the advantages and disadvantages of this differents approaches. The first approach is called ethnocentric. Employees from headquarters base it on the occupation of a key position. It is assumed that expatriates can manage subsidiaries
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strategy. There are four choices in policy: the ethnocentric approach‚ the poly-centric approach‚ the geocentric approach and the regiocentric approach. What follows is a shorthand description based on Dowling and Welch (2004) of the four using the same criteria for each approach. You should use these descriptions as the ’skeleton’ of your understanding of the four approaches and use the reading from Hill (2005) to provide the ’flesh’. |Ethnocentric approach |
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Essay «International business strategies and HRM strategies» Made by: Saint-Petersburg 2012 Table of Contents Introduction 3 International Business Strategies 5 Human Resource Management Strategies 8 Conclusion 10 References 11 Introduction Internationalization today is one of the crucial strategies of many companies throughout the world. During the process of going global companies are trying to extend their business on the overseas markets by searching new customers‚ acquiring
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