1. Why do individuals and organization have to become less ethnocentric and more polycentric when operating in an international context? Brewster‚ Sparrow and Vernon (2007) claim that there is a significant debate between those who believe that the world is getting more globalized and therefore all aspects of management‚ including HRM‚ are becoming more alike‚ and those who believe that each country continues to have its own approach to management in general and human resource management in particular
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1. (Chapter 2) What is the difference between a polycentric‚ ethnocentric‚ and geocentric approach to international management? What key factors should a firm consider before adopting one of these approaches? Polycentric approach to international management is the policy involved hiring and promoting employees who are citizens of the country that host and operates the company. The polycentric approach is best used in order to maintain low hiring costs. Communication is easier and companies run
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types staffing arrangement that an organisation might consider when setting up an international operation? Please ensure you ‘use the language’ and define your terms accurately. There are four staffing arrangements that can be implemented when setting up an international operation. Firstly ethnocentric; this policy is adopted by headquarters who sends expatriates to parent country nationals (PCNs) to fill manger positions in host country nationals (HCNs). This approach is based on that subsidiaries
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Ethnocentric is a staffing policy that is used in companies that has primarily international strategic orientation. This policy is generally adopted by headquarters by sending employees from the home or parent countries to the host country. This approach is used best in some situations such as‚ a team is sent from the home country to help setting up a new plant as well as train subsidiary personnel to use new system. The benefit of having staffs from home country abroad is that employees may gain
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Global Orientation Global marketing has the potential to bring a company to its proverbial next level. In order to understand how to thrive in global marketing one must first understand the conditions leading to the development and sustainment of global market. The need and environment for a global market stemmed from a number of factors. One factor is the rapid technological advances in equipment‚ communications‚ and transportation‚ which are all major drivers of both the ability and the desire
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Asia Pacific region. Open-ended interviews were conducted with twenty-eight managers‚ consultants and academics with expert knowledge of IHRM issues in the Asia Pacific region. This study uses an exploratory design to identify themes‚ issues and directions for IHRM in the Asia Pacific region. Emergent challenges and critical issues include determining IHRM strategies to deal with the environmental volatility‚ and managing the changing role(s) for HR specialists. This paper is a work in progress
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------------------------------------------------- Analyze the process of cross-border mergers and acquisitions‚ and determine the major challenges to HR. ------------------------------------------------- Cross-border mergers and acquisitions can create a number of challenges with the HRM team. After studying the difference between mergers and acquisitions‚ I determined that both have their own individual issues when it comes to strategizing HRM. Mergers (when two companies enter an agreement
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Managing the Global Workforce. Importance of Cultural Awareness. Training‚ Performance Management‚ Appraisal and Compensation Issues. Introduction: IHRM HRM refers to those activities which organization does for utilizing its human resources effectively‚ planning of human resource‚ recruitment‚ selection‚ performance appraisal‚ compensation management. From the beginning of globalization‚ companies’workforce has been diverse and cultural issues are appearing. As a result IHRM emerged. International
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Abstract This IHRM report is based on a large food retail company in UK‚ Malone Superbuy Ltd. The present strategic plan of the company is to venture into the Middle Eastern and Asian markets. This report is structured in six main sections: an assessment of domestic and international HRM (outlining the major differences including cultural and industrial differences); the strategy that can be implemented; policies to address labour issues; training and development programme; approaches to employee
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IHRM consists of a collection of policies and practices that a multinational enterprise uses to manage local and non-local employees it has in countries other than their home countries.” Human resource management (HRM‚ or simply HR) is a function in organizations designed to maximize employee performance in service of their employer’s strategic objectives.[1] HR is primarily concerned with how people are managed within organizations‚ focusing on policies and systems.[2] HR departments and units
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