chapter 11 Flashcards
investment in other countries but do not have coordinated product offerings in each country
multinational companies
international companies
-importers/exporters, no investment outside their home country
Invested in foreign operators and have a central cooperate facility but give decision-making research and development powers to foreign market
- transnational companies
present in many countries. Market their products using the same coordinated image in all marketers
-global companies
cultural environment
-values, norms, communication standards & religion of a country
host country
-country in which an organization is conducting business
good HR management system can
-facilitate communication
-record-keeping
-host of other activities worldwide
expatriate
-person who relocates from the home country to another
host country national
-a person hired from within the country
3rd country national
-someone hired from neither the home nor host country
positives of host country
-lower relocation costs
-meets local gov requirements for hiring local wokers
Foreign workers who are hired to work in a country where there is a shortage of labour
- guest workers
organizations need to focus on
-brand, compensation, development, culture
consideration when selecting expatriate employee: Ability
To do a job, speak diff languages, adopt to new envior, to make effective decisions, work in a team, and respect diversity.
culture shock
-on going stress due to inability to adapt to a new way of life in foreign country