headquarters and subsidiaries – Geocentric approach – Bring the best man in the world regardless of nationality The EPG Profile • A firm’s profile can be drawn in ethnocentric‚ polycentric and geocentric dimensions • A degree of ethnocentrism‚ polycentrism and geocentrism can be established by product‚ function and
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The EPG Model is a framework for a firm to better pinpoint it’s strategic profile in terms of International Business Strategy. It contains three elements - Ethnocentrism‚ Polycentrism and Geocentrism. The Importance of the EPG Model is mainly in the firm’s awareness and understanding of its specific focus. Because a strategy based mainly on one of the three elements can mean significantly different costs or benefits to the firm‚ it is necessary for a firm to carefully analyze how their firm is oriented
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Attitudes towards Cultural Differences Between the Company and the Foreign Cultures Shadow (何莹影) Student ID: 201030500489 School of Business Administration South China University of Technology Question 2: Would you describe Green’s and Martin’s attitudes as being ethnocentric‚ polycentric‚ or geocentric? What factors do you think have influenced their attitudes? Abstract Hydro Generation (HG)‚ a U.S. based company built the power plant in Uganda which was its first project in Africa. James
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Staffing Staffing deals specifically with the acquisition‚ training and allocation of the organization’s human resources. In both the domestic and the international context‚ the staffing process can be seen as a series of steps that are performed on a continuing basis to keep the organization supplied with the right people in the right positions at the right time. The steps in this process are: • human resource planning (this is part of the organization’s strategic plan) • recruitment
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ETHNOCENTRIC MANAGEMENT ORIENTATION Management holding an ethnocentric orientation believes that its home country is superior to any other country in the world regardless of any evidence to the contrary. An ethnocentrically oriented manager may think: “since a product or a service performed well at home‚ it should also perform well abroad. Since this is so obvious‚ no further research is necessary on foreign markets and no adaptations need to be made to the products or services to tailor them to
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Chapter 9 – Staffing and Training for Global Operations Multiple Choice Questions 1. Ideally‚ the ____________ should dictate the organizational structure and staffing needed by a firm. a. clients served b. size of the firm c. strategy of the firm (moderate‚ page 390) d. management philosophy of the firm 2. Firms using the ____________ approach to staffing fill key managerial positions with persons from headquarters. a. polycentric b. regiocentric c. global d. ethnocentric (moderate‚ page 391)
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Nimble Storage is a developing organization that has some expertise in creating and dispersing a combination of storage solutions that coordinate flash and high capacity drives to organizations of all sizes while not trading off capacity‚ execution‚ usability‚ and cost. They began shipping their item in 2010 with an income of $126 million and their conveyance has developed to $228 million by 2015. In spite of the fact that they have been working at a misfortune‚ the company will probably turn out
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International Management Question (1) What are the major staffing approaches for international operation? Explain the relative advantages of each and the condition under which you would choose one approach over another? Answer (1) Major staffing approaches for international operation falls into one or more of the following staffing modes: ethnocentric‚ polycentric‚ regiocentric and global operation. Firms using the Ethnocentric staffing approachfill their key managerial positions with persons
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What are the various types staffing arrangement that an organisation might consider when setting up an international operation? Please ensure you ‘use the language’ and define your terms accurately. There are four staffing arrangements that can be implemented when setting up an international operation. Firstly ethnocentric; this policy is adopted by headquarters who sends expatriates to parent country nationals (PCNs) to fill manger positions in host country nationals (HCNs). This approach is
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corporation has headquarters in one country and operates subsidiaries in other countries. However‚ globalization is going faster‚ management strategy has a great change. According to the article‚ there are three identifiable attitudes; ethnocentrism‚ polycentrism and geocentrism‚ toward to building a multinational enterprise. The article said that Ethnocentrism can be found in companies that have many nationalities and foreign partner. It has complex organization in home country‚ but very simple in subsidiaries
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