Chapter 1 Flashcards
What does MNE stand for?
Multinational enterprise
What is an SME?
Small to medium enterprises
What is an example of an internationalized government agency?
United Nations
WTO
What is international human resource management?
Is the study and application of all HRM activities as they impact the process of managing human resources in enterprises in the global environment.
Give an example of trade agreements and treaties
WTO NAFTA EU ASEAN MERCUSOR
What is internationalization and globalization
The ever increasing interconnectedness and integration of individuals and companies, cultures, and countries.
What does FDI stand for?
Foreign direct investment
List of the countries that are included in the major emerging markets
Brazil, Russia, India, China, and South Africa
BRICS
What does BRICS stand for?
Brazil, Russia, India, China, South Africa
List major developed countries
US, UK, Germany, France, Japan
UUGFJ
What is Globality
No Country has any advantage in any particular industry over another.
What is domestic multinationals
Successful initially small domestic companies frequently in emerging markets that are going abroad and becoming MNE themselves
What does OECD stand for
Organization for economic cooperation and development
Name responsibilities of IHR Managers
more involvement and employees lives
dealing with and managing a
much wider mix of employees
more external factors and influences
A greater level of risk
What is SIHRM
Help achieve an MNE international vision and objectives or its international strategy.
