Workplace Flashcards
(27 cards)
Parochialism
Only my way
Ethnocentrism
One best way, HQ has tight control over subsidiaries and management not reflective of ethnic makeup of subsidiaries
Polycentric
Many best ways, a long leash of independence for subsidiaries as long as they are profitable
Geocentric
HQ and subsidiaries in a network - the team way
Global integration
Consistency of approach and standardized and common culture across global operations
Local responsiveness
Adapt to needs of local markets can be more flexible and agile and offerings can be in line with cultural preferences
Which type of global organization has high local responsiveness and high global integration
Transnational
What type of of organization has high local responsiveness and low global integration?
Multi domestic
What type of organization has little to no variation in products
Global (think Apple) - high globalization and low local responsiveness
Who are globalists
Employees who spend their entire career moving from one location to another. For example, people that work for the state department.
Who are international assignees.
ExPat, who are on assignment for one to three years
What is ISO 31,000
 a standard that presented definitions related to risks and a risk management process 
What is duty of care?
The concept that organization should take all steps possible to ensure the health, safety and well-being of employees
What is a risk level?
An equation that equals the probability of occurrence by the magnitude of the impact
What is a threat ranking?
The combination of various characteristics of risks after assigning a numeric value to the different event
What is the papa model?
Prepare, act, park, adapt. It is a model for risk prioritization.
What are the two dimensions of the papa model?
Speed and likelihood
What are the three steps of the CSR maturity curve?
Compliance, integration, transformation
How will we know an organization has reached the transformation stage of CSR?
It has become a part of their strategy to differentiate themselves from their competitors
Kaplan and Mikes categorizing of risks
internal & preventable
strategy
external
What is the first step in a risk mitigation strategy?
Understand the organization’s willingness to take on risk and tolerance to possible loss
What is moral hazard
Someone takes risks because they will not be affected by losses or damages that occur as a result.
What factors do we use to measure risk
Probability x magnitude of impact
What is normalization of deviance
A form of group think - when an org accepts a problem to the extent that it is no longer perceived to be a problem.
