HR across cultures
Managers who are citizens of the country where the MNC is headquartered.
What are home-country nationals?
Efforts to forecast trends in external changes in areas where the firm is currently doing business or considering locating.
What is environmental scanning?
The unanticipated likelihood that an MNC’s foreign investment will be constrained by a host government’s policies.
What is political risk?
The type of leader who sees his/her subordinates as lazy.
What is a Theory X leader?
An overseas operation totally owned and controlled by an MNC. Equivalent to fdi.
What is a wholly owned subsidiary?
An employee from a host country or a third-country national assigned to work in the home country.
What is an inpatriate?
The production/distribution of homogeneous quality products and services worldwide.
What is Global integration?
Transfer, operational, and ownership-control.
What are the types of political risk?
The type of leader who believes people are motivated by a strong sense of commitment to be part of a greater whole.
What is a Theory Z leader?
A cooperative relationship among two or more firms.
What is an alliance?
Factors used to choose international managers.
What are international selection criteria?
Factors, such as the natural resources of a country, its labor forces, its education level, skills, etc. that constitute a competitive edge.
What are country-specific advantages?
A type of analysis that involves reviewing all major political decisions likely to affect all business conducted in a country.
What is macro political analysis?
Managers focus on doing things right; leaders focus on doing the right thing.
What is the difference between managers and leaders?
An agreement that allows one party to use an industrial property right in exchange for a royalty paid to the owning party.
What is licensing?
The process of altering employee behavior and attitudes in a way that increases the probability of goal attainment.
What is training?
A strategy that combines a company's global reach with local responsiveness.
What is a transnational strategy?
A type of investment that involves the production of raw materials or intermediate goods that are to be processed into final products.
What is a vertical investment?
A (9,9) leader who is equally concerned about the people and about the task.
What is a participative leader?
A partnership between two or more companies to collaborate on a specific project, where each company retains its separate identity
What is a joint venture?
A strategic predisposition that leads MNCs to put home-country people in charge of key international management positions.
What is ethnocentrism?
What is an economy of scale?
Doing as little local manufacturing as possible and conducting all research and development outside the host-country.
What is an example of a protective/defensive technique?
The creation of uncertainty and analysis of alternatives regarding action.
What is variety amplification?
In 2023, JetBlue offered to buy Spirit Airlines for $3.8 billion in an attempt to create the fifth-largest airline in the United States.
What is an example of an acquisition?