BU127 Lecture Notes - Lecture 17: Human Capital, Management Development
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Explain why managers may fail to thrive in foreign postings. Expatriate manager: a citizen of one country, who is working abroad for one of the firm"s subsidiaries: can be reduced by selection procedures. Characteristics by successful expatriate managers: high self-esteem and self-confidence, can get along well with others, are willing to attempt to communicate in a foreign language can empathize with people from other cultures. Recognize how management development and training programs can increase the value of human capital in the international business firm: training can lower the probability of expatriate failure, should include: cultural-, language- and practical training.
