Chapter 11 Strategic International HRM Flashcards Preview

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Flashcards in Chapter 11 Strategic International HRM Deck (7)
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1

What is domestic vs multi-domestic strategy?

1. Domestic strategy - internationalizing by exporting goods abroad as a means of seeking new markets (send products abroad and someone else sells it)
2. Multi-domestic strategy - a strategy that concentrates on the development of foreign markets by selling to foreign nationals (offices overseas - at least one person)

2

What is multinational strategy?

standardizing the products and services around the world for efficiency

3

What is global strategy?

Introduces culturally sensitive products in chosen countries with the least amount of cost - customizes the products

4

What are the 3 approaches to adaptive IHRM?

1. Adaptive IHRM approach
- HRM systems that will be consistent with the local economic, political, and legal environment
2. Exportive IHRM approach
- transferring home HRM systems to foreign subsidiaries without modifying or adapting to local environment
3. Integrative IHRM approach
- combining home HR practices with local practices and selecting the most qualified people for the appropriate positions no matter where these candidates come from

5

What are home-country nationals?

Individuals from the subsidiary country who know the foreign environment well (locals, it's their home)

6

What are parent-country nationals?

Individuals from headquarters who are highly familiar with the firm's products and services, as well as with the corporate culture.

7

What are Third-country nationals (TCNs)?

Individuals from a third country who have intensive international experience and know the corporate culture from previous working experience with corporate branches in the third country.