MHR 700 Lecture Notes - Lecture 4: Multinational Corporation, Balance Sheet, Programmed Learning
8 May 2017
School
Department
Course
Professor
Document Summary
Home-country nationals: expatriate managers who are citizens of the country where the multinational corporation is headquartered. Expatriates: managers who live and work outside their home country. They are citizens of the country where the multinational corporation is headquartered. Host-country nationals: local managers, who are hired by the mnc. Third-country nationals (tcns): managers who are citizens of countries other than the country in which the mnc is headquartered or the one in which they are assigned to work by the mnc. Impatriates: individuals from a host country or third-country nationals who are assigned to work in the home country. International selection criteria: factors used to choose personnel for international assignments. Balance sheet approach: an approach to developing an expatriate compensation package that ensures the expat doesn"t lose money on the assignment. Localization: an approach to developing an expatriate compensation package that involves paying the expat a salary comparable to that of local nationals.
