Human Resource Management Flashcards
HRM Definition
A set of activities aiming to find and recruit develop and motivate staff to execute firms strategy
HRM is more deficient in international business because
Cultural differences
Economic differences
Political differences
What framework can the HRM strategic function relate too
The global integration/ local responsiveness framework matrix
What are the three approaches to staff policy
Ethnocentric
Polycentric
Geocentric
What is ethnocentric
The leadership and workplace are better than foreign market
Advantages
-protects company culture
Distadvantages
-discourages cultural empathy
What is polycentric
Headquarter make broad strategic decisions that local units adapt too
Advantages
Local job attractiveness
Local cultural respect
Disadvantages
-isolates operations
What geocentric
All nations equal
Advantages
Adapts well to dealing with all people
Disadvantages
Costly to make and maintain
Difficult to find lots of qualified people
Types of workers in foreign nations
Expats
New local workers
Workers screened for 3 purposes
25% of expats are sent abroad to for fill role
Self maintained living
Communication skills, motivational and courage
Reasons expats fail
Fail to adopt to culture
Family reasons
Skills not evaluated properly