In: Accounting
49) The ________ is an approach to managing international operations in which top management and other key positions are filled by people from the home country.
50) An approach to managing international operations in which subsidiaries are managed and staffed by personnel from the host country is the ________.
51) The ________ is an approach to managing international operations in which nationality is downplayed and the firm actively searches on a worldwide or regional basis for the best people to fill key positions.
52) When is it more appropriate for a global firm to use expatriate management rather than local national management? How can a firm's screening process ensure that the best employee is chosen for an expatriate management position?
49.Ethnocentric approach:
Ethno centric approach means recruiting people from home country (parent companies country) to work in the host country.In this case the existing employees who are already working in home country and interested to live in host country is being selected.
50.Polycentric staffing:
In polycentric approach we hire the locals of host country to work in the subsidiary established by the parent company .The major operations are handled by the expertise of host country who have vast knowledge.
51.Geocentric staffing:
Geocentric approach is an approach where recruitment is done by hiring the best people to fill our positions without any consideration of where they live or where they come from.We will recruit employees either by relocating the present employees or hiring remote employees .
52.
when is it more appropriate for a global firm to use expatriate management rather than local national management
1.When the locals are not acheiving the goals and purpose as desired then their is a requirement of expatriate management .
2.When the technical skills required are unavailable in the host country then expatriate management can be used for providing technical services.
3.The expatriate can influence the employees , other stafff by making them acheive the results as desired .
4.In case of diversification or launch of new product expatriate management will act as an expertise with experience rahter than like local national management.
Firms screening process consider many characteristics for choosing the best employee for expatriate management .The firms screening process considers knowledge ,skills ,independence, communication skills ,adoption to new working environment etc for selecting best employee .The screening process will be done of the existing employees who meet the requirement i.e.,Technical skills ,etc.The best employee selected is trained.