Ch 15: International HRM

Question 1

Analyzing international environment

Answer 1

PEST

Political factors
Economic factors
Sociocultural factors
Technological factors

Question 2

International corporation

Answer 2

Domestic firm that uses its existing capabilities to penetrate overseas markets

Question 3

Multidomestic Corporation

Answer 3

Firm with independent business units operating in multiple countries

Question 4

Global corporation

Answer 4

Firm that has integrated worldwide operations through a centralized home office

Question 5

Transnational corporaation

Answer 5

Firm that attempts to balance local responsiveness and global scale via a network of specialized networking units

Question 6

Expatriates

Answer 6

 Aka home-country nationals
 Employees from home country who are on international assignment

Question 7

Understanding local market

Answer 7

 Get to know the universities, technical schools, and primary schools
 Develop networks in the business and gov communities
 Understand the employees of the firm’s competitors

Question 8

International training

Answer 8

 Language training
 Cultural training
 Assessing and tracking career development
 Managing personal and family life
 Repatriation

Question 9

Global compensation system

Answer 9

Centralized pay system whereby host-country employees are offered a full range of training programs, benefits, and pay comparable with a firm’s domestic employees but adjusted for local differences