Copyright

Management & HR in International Business Flashcards

Management & HR in International Business Flashcards
1/20 (missed) 0 0
Create Your Account To Continue Studying

As a member, you'll also get unlimited access to over 79,000 lessons in math, English, science, history, and more. Plus, get practice tests, quizzes, and personalized coaching to help you succeed.

Try it risk-free
Try it risk-free for 30 days. Cancel anytime
Already registered? Log in here for access
Human Resource Management

This focuses on handling interactions between employees and their employer as well as a business and the employee union.

Got it
Employee Relations

This refers to the way managers and employees interact in business dealings. It is considered official.

Got it
Third-Party National

Employees who work for a company that has its headquarters in a different country and who are, themselves, from a country distinct from where they currently work.

Got it
Expatriate

An employee who shares the same home country as his or her company. This individual works overseas in one of the company's subsidiaries in another country.

Got it
Geocentric Staffing

You use this staffing method when you hire the best person for the job without considering his or her nation of origin. This is the best choice for global organizations.

Got it
Regiocentric Staffing

The staffing method used when you divide your business up into segments made of multiple countries and allow each segment to autonomously decide on policies for HR.

Got it
Polycentric Staffing

This staffing method involves hiring individuals living in the host-country where a business's subsidiary is located.

Got it
Ethnocentric Staffing

Companies staff their businesses in this way when they hire individuals from their home country to work in subsidiaries established in other countries.

Got it
Cultural Awareness

Managers demonstrate this ability when they grasp a culture's intricacies, including how the culture treats communication and the work environment.

Got it
Global Mindset

A way of using a globally aware perspective to view business, instead of just seeing it through the lens of your own culture.

Got it
20 cards in set

Flashcard Content Overview

Review the different aspects of the international environment by accessing this set of flashcards. You can also focus on the important of cultural awareness and developing a global mindset. The difference between labor relations and employee relations is also covered by these cards. Additionally, you can consider different staffing methods used by international businesses, including:

  • Ethnocentric
  • Polycentric
  • Regiocentric
  • Geocentric
Front
Back
Global Mindset

A way of using a globally aware perspective to view business, instead of just seeing it through the lens of your own culture.

Cultural Awareness

Managers demonstrate this ability when they grasp a culture's intricacies, including how the culture treats communication and the work environment.

Ethnocentric Staffing

Companies staff their businesses in this way when they hire individuals from their home country to work in subsidiaries established in other countries.

Polycentric Staffing

This staffing method involves hiring individuals living in the host-country where a business's subsidiary is located.

Regiocentric Staffing

The staffing method used when you divide your business up into segments made of multiple countries and allow each segment to autonomously decide on policies for HR.

Geocentric Staffing

You use this staffing method when you hire the best person for the job without considering his or her nation of origin. This is the best choice for global organizations.

Expatriate

An employee who shares the same home country as his or her company. This individual works overseas in one of the company's subsidiaries in another country.

Third-Party National

Employees who work for a company that has its headquarters in a different country and who are, themselves, from a country distinct from where they currently work.

Employee Relations

This refers to the way managers and employees interact in business dealings. It is considered official.

Human Resource Management

This focuses on handling interactions between employees and their employer as well as a business and the employee union.

Labor Relations

These are the interactions that take place between the union used by a company's employees and the company.

Offshoring

Companies complete this process when they send jobs, or outsource them, to other countries.

Cultural Awareness: Function

Teaching employees to develop this helps alleviate issues with communicating across cultures, since cultural exchanges cannot be stopped and every possibility can't be trained for.

Foreign Direct Investment Laws

Regulations set up by a country to dictate how companies operating foreign subsidiaries handle profits. These may control the amount of money sent back to a home country.

International Managers

Managers who work with individuals outside of their home country. These individuals must be capable of adapting to the culture around them in order to be successful.

International Environment: Legal Aspect

This area of the international environment focuses on the laws dictated by the court system. Any lawsuits are part of this area.

International Environment: Political Aspect

The segment of the international environment controlled by the actions undertaken by a country's government.

International Environment: Sociocultural Aspect

We focus on this aspect of the international environment when considering a country's culture and society.

International Environment: Economic Aspect

The aspect of the international environment that deals with a country's economy and monetary stability.

International Environment: Technical Aspect

You focus on this area when looking at how foreign countries use technology. Some countries, like China, are very restrictive, particularly of the internet, which can make business harder.

To unlock this flashcard set you must be a Study.com Member.
Create your account

Unlock Your Education

See for yourself why 30 million people use Study.com

Become a Study.com member and start learning now.
Become a Member

Already a member? Log In

Support