international human resource management - ANSWERSThe study and application of all human resource management activities as they impact the process of managing human resources in enterprises in the global environment
faster - ANSWERSDecreased trade barriers and open markets have resulted in ______...
GLOBAL HRM MIDTERM Questions &
Answers
international human resource management - ANSWERSThe study and application of all
human resource management activities as they impact the process of managing human
resources in enterprises in the global environment
faster - ANSWERSDecreased trade barriers and open markets have resulted in
_________-growing economies throughout the world
Low-cost Country Sourcing (LCCS) - ANSWERSprocurement strategy in which
companies source materials from countries with lower labor and production costs in
order to cut operating expenses.
232 - ANSWERSIn 2013, _____ million people, or 3.2 per cent of the world's population,
were international migrants, compared with 175 million in 2000 and 154 million in 1990
lower - ANSWERSCompared to 50 years ago, the US economy accounts for
_________ global GDP
stages - ANSWERSAs a firm internationalizes, it moves through
market entry - ANSWERSIn each stage it must make a choice of methods for
2 - ANSWERSWhich stage of internationalization process?
-Sales Subsidiary/Local Sales Office
-Assign responsibility for international sales to a sales manager and/or purchasing
agent
3 - ANSWERSWhich stage of internationalization process?
-Licensing
Locate foreign firms that have the experience to manufacture, and sometimes market,
their products
-Franchising
Firms create package of key ingredients for success and franchises to overseas
investors
-Contracting/Sub-contracting
Firms increasingly sub-contract all, or most, of their manufacturing to firms abroad
, Simplest level of involvement
Firms may decide to make financial investments in foreign firms
Firms may begin to export products or services to foreign markets through direct sales
or foreign distributors
4 - ANSWERS-Wholly-owned Subsidiaries
Subsidiaries can be developed in a number of ways
Greenfield project involves acquiring an open field in order to build subsidiary from
scratch
Brownfield project involves purchasing existing facilities for development of subsidiary
-Maquiladora
Form of subsidiary with special characteristics favorable to the foreign parents
Consists of "twin plants," with one located in the US and one in Mexico
d - ANSWERSMethods of entry into international business include...
a.licensing and subcontracting
b. outsourcing and offshoring
c. mergers and acquisitions
d. all of the above.
a - ANSWERSWHICH OF THE FOLLOWING IS NOT AN AUXILIARY METHODS OF
INTERNATIONALIZATION
a. Mergers
b. Off-shoring
c. Outsourcing
d. The Born-Global Firm
International Alliances - ANSWERSInformal or formal partnerships or agreements that
do not result in an independent legal entity
International Acquisitions and Mergers - ANSWERSOne of the preferred market entry
methods in both developed and emerging markets
-two companies agree to join their operations together to form a new company in which
they participate as equal partners
International Joint Ventures - ANSWERS-legally and economically separate
organizational entities created by two or more parent organizations that collectively
invest financial as well as other resources to pursue certain objectives
-Two or more firms create a new business entity
geocentrism - ANSWERSManagers' outlook is one of creating a global network among
various elements of the global organization
polycentrism/regiocentrism - ANSWERSHost-country cultures and practices assume
increased salience for managers
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