Management and Organizational Studies 3383A/B Lecture Notes - Lecture 9: Pest Analysis, Extraversion And Introversion, Neuroticism

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 3383A/B
• Professor: Jody Merritt

Document Summary

Exporting finished goods and products to new places, try and break into new markets. Belief way we do things is rights for us in the short term. Ethno how we do things first as we start as a business. Companies offer customizable and marketing strategies based on country preferences. Parent company still controls majority of operations. Pcns in hr functions with few hcns. Hcns useful for something like payroll, health and safety, etc. Ethno-centric approach e. g. tesla gigafactory, centralized operations in california. Ihrm strategy requires cultural sensitivity training, decision-making must comply with law. Local analysis, looking for companies to be truly culturally sensitive. Stage when management shifts to a more standardized model to increase efficiency. Promotes price- sensitive information with small focus on cultural differences. Tcns when niche skillset is needed in marketplace. Exporting what is working, hr practices that have been proven. People strategy is becoming more progressive, focusing more on standardization.