International Business: Competing in the Global Marketplace
12th Edition
ISBN: 9781259929441
Author: Charles W. L. Hill Dr, G. Tomas M. Hult
Publisher: McGraw-Hill Education
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Chapter 19, Problem 1CTD
What are the main advantages and disadvantages of the ethnocentric, polycentric, and geocentric approaches to staffing policy? When is each approach appropriate?
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What are the main advantages and disadvantages of the ethnocentric, polycentric, and geocentric approaches to staffing policy? When is each approach appropriate?
Research has identified three types of staffing policies in international business. Identifyand discuss those policies. Include 2 advantages and 2 disadvantages of each policy andidentify 1 example of a firm in the CARICOM Single Market and Economy (CSME) and/or internationally demonstrating the various types of staffing policies (one firm example for each staffing policy).
Considering the ethnocentric, polycentric, and geocentric staffing frameworks, what are the advantages and limitations of each? Why would you choose one over the other when staffing international operations?
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International Business: Competing in the Global Marketplace
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- Dirty Little Secret Money. Secrecy. Foreign officials. “Greasing palms.” Bribery. That’s the dirty little secret about doing business globally that managers at multinational companies don’t want to talk about. Although 39 countries worldwide have signed up for the OECD Anti-Bribery Convention to outlaw bribery and corruption, the problem is far from gone. Take Greece, for example, which has been censored by the OECD for failing in its promise to crack down on corruption. The practice of political favoritism and passing “fakelaki”—envelopes stuffed with cash—in return for services is as prevalent today as it ever was. Indeed, since the country joined the European Community, more than 150 scandals have come to light, and it is thought that part of the blame for the country’s €367 billion ($486 billion) debt is down to an epidemic of corruption. From needless jobs to a refusal to give receipts, through tax evasion and then on to high-level bribery, it is estimated that Greek citizens…arrow_forwardHow can companies balance the need for global consistency with the need for local adaptation in their staffing policies?arrow_forwardAs an international manager accepting foreign assignments, how can you prepare for such an assignment’s risk?arrow_forward
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