ADMS 3430 Lecture Notes - Lecture 10: Extraversion And Introversion, Conscientiousness
22 Apr 2015
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Document Summary
When entering new markets, organizations are confronted with a wide range of challenges mostly related to socio economic, political, and technological aspects: workforce diversity, employment legislation, the role of the hr function, flexibility, security. Internal fit: degree that the ihrm approaches will be influenced by the overall corporate international strategies (cid:224) focus on organization: external fit: degree to which the ihrm approaches respond/comply with the local legal, political, economic, and cultural factors within the country the mnc is doing business (cid:224) focus on local environment. Four stages of growth as multinational corporations evolve: domestic strategy: internationalizing by exporting goods abroad as a means of seeking new markets, multidomestic strategy: concentrates on the development of foreign markets by selling to foreign, multinational strategy: standardizing the products and services around the world to gain efficiency, global strategy: aims to introduce culturally sensitive products in chosen countries with the least nationals amount of cost.
