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22 Cards in this Set
- Front
- Back
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how companies are entering international markets
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exporting their products, building facilities in otehr countries, and entering into alliances with foreign companies
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provide a business with new markets in which there are millions or billions of new custoemrs; developing countries often provide such markets, but developed countries do so as well
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"Foreign countries can...."
p. 496 |
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parent country
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country in which an org's headquarters is located; EX: US is ________ country of GM bc GM's headquarters are in Michigan
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host country
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a country (other than the parent country) in which an organization operates a facility; EX: Great Britain is a ____ country of GM bc GM has operations there. Any British workers hired to work at GM's British facility would be _____--country nationals (employees who are citizens of the ___ country)
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third country
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a country that is neither the parent or host country of an employer; the org may or may not have a facility in the _____ country; EX: hire Australian manager to work at GM's British facility
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expatriates
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employees assigned to work in another country
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international organization
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an organization that sets up one or a few facilities in one or a few foreign countries
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multinational company
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an organization that builds facilities in a number of different countries in an effort to minimize production and distribution costs
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global organization
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an org that chooses to lcate a facility based on the ability to effectively, efficiently, and flexibly produce a product or service, using cultural differences as an advantage
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transnational HRM system
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type of HRM system that makes decisions from a global perspective, includes managers from many countries, and is based on ideas contributed y people representing a variety of cultures
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Factors Affecting HRM in International Markets
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Culture, Education-human capital, Economic System, Political-legal system
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Individualism/collectivism, Power distance, Uncertainty avoidance, Masculinity/femininity, long-term/short-term orientation
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Five Dimensions of Culture p. 502
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transnational HRM system
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type of HRM system that makes decisions from a global perspective, includes managers from many countries, and is based on ideas contributed by people representing a variety of cultures
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culture shock
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disillusionment and discomfort that occur during the process of adjusting to a new culture
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comfort of the employee's spouse and family; personality
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Factor most strongly influencing whether an employee completed a foreign assignment was the ___________________. ____________ may also be important. (p. 509)
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extroverted (outgoing), agreeable (cooperative and tolerant), conscientious (dependable and achievement oriented)
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characteristics of employees who successfully complete overseas assignments (3) p 509
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honeymoon
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fascination and euphoria for a month or so after arriving; employee enjoys the novelty of the new culture and compares its interesting similarities to or differences from the employee's own culture
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virtual expatriates
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employees who manage an operation abroad without permanently locating in the country
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honeymoon - culture shock - learning - adjustment
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emotional cycle associated with a foreign assignment
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cross-cultural preparation
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training to prepare employees and their family members for an assignment in a foreign country
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1. ability to maintain a positive self-image and feeling of well-being
2. ability to foster relationships with the host-country nationals 3. ability to perceive and evaluate the host-coutnry's environment accurately |
adaptation requires 3 kinds of skills: p 517
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repatriation
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the process of preparing expatriates to return home from a foreign assignment
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