Expatriates of parent country are more expensive in comparison to employees in host country. Review and Discussion Questions (p151) >> endobj /ProcSet [/PDF /Text /ImageB /ImageC /ImageI] The unconscious bias or belief that it is necessary to adopt totally to local culture and practice. /F1 27 0 R 9 0 obj Generally, companies began exporting /Textbox /Sect This cookie is set by GDPR Cookie Consent plugin. By utilizing indirect exporting, a company could use the services of an Export Management Company, distributors, or commissioned agents or brokers. endobj MGMT Chapter 5 Flashcards | Quizlet 60 0 R 61 0 R 62 0 R 63 0 R 64 0 R 65 0 R 66 0 R 67 0 R 68 0 R 69 0 R What are some of the benefits and costs of globalization for different sectors of society (companies, workers, communities)? 64 0 R 64 0 R 64 0 R 65 0 R 65 0 R 66 0 R 66 0 R 66 0 R 66 0 R 66 0 R illustrating examples. /XObject << Regiocentric Predisposition Polychronic cultures like to do multiple things at the same time. WebEthnocentric Predisposition Nationalistic philosophy of management whereby the values of the parent company guide strategic decisions Polycentric predisposition A philosophy of management whereby strategic decisions are tailored to suit the cultures of the countries where the MNC operates. Global Human Resource Management /Tabs /S Because the manufacturer is more involved, the manufacturer makes decisions about the entire export process - from market and distribution, sales fulfillment, and payment. indeed. /Font << In this example, the Australian parent company uses natives of India to manage operations at the Indian subsidiary. Hofstede isolated four dimensions that he claimed characterized the cultures of different countries. /Rotate 0 211 0 R 212 0 R 213 0 R 214 0 R 215 0 R 216 0 R] WebEthnocentric approach is one of the international recruitment method in which all positions for international business around the globe are filled from parent It assists in infusing beliefs and practices into foreign country. What is meant by the culture of a society, and why is it important for international managers to understand it? Thank you. i. Global model (Geocentric staffing model) What are the advantages and disadvantages of increasing the options granted to CEOs?
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