Culture Foundations Of GHRM

Question 1

What are cross-boarder alliances?

Answer 1

Cooperative arrangements between 2 or more firms from different national backgrounds which are intended to benefit all partners

Question 2

What are the four different types of strategic alliances?

Answer 2

Complementary alliances: 2 or more partners with complementary strategic aims join to exploit existing resources
Learning alliance: interest in enhancing both partners individual competencies
Resource alliance: join forces because of resource constraints
Competitive alliance: learning alliance between partners who are competitions in global markets

Question 3

What are some key HR success factors of international mergers and acquisitions?

Answer 3

Assessing culture
Human capital audit and selection of management team
Effective communication
Retaining talent
Creating new culture
Move with speed
Create transition teams and integration manager

Question 4

What are the five cultural dimensions by Hofstede?

Answer 4

Uncertainty avoidance: extent to which people feel comfortable when exposed to uncertain situations
Power distance: extent to which people have an equal distribution of power
Individualism vs. collectivism
Masculinity vs. femininity