37:533:315 Lecture Notes - Lecture 2: Business Travel, Outsourcing, Offshoring

• School: Rutgers University
• Department: Human Resource Management
• Course: 37:533:315
• Professor: H.El- Farr

Document Summary

Intro to sihrm: strategic management- the approaches that managers employ in running a company a(cid:374)d that are a(cid:272)hie(cid:448)ed fro(cid:373) he fir(cid:373)"s (cid:448)isio(cid:374) a(cid:374)d o(cid:271)je(cid:272)ti(cid:448)es. Original vision, envirnonmental strategy strategy evaluation. Mne business strategy: mne business strategy provides a direction for managing subsidiaries guided by the amount of integration and/or local responsiveness to manage worldwide operations. Hqs" i(cid:374)ter(cid:374)atio(cid:374)al orie(cid:374)tatio(cid:374) & mne trateg(cid:455: orientation of senior executives- the degree of dominance of hq over subsidiaries, types of orientations of senior executives, ethnocentrism- Initial orientation of man managers (esp. those with strong patriotic culture backgrounds: home-country standards in international activity, centralized decision making. International or global business strategy: poly-centrism/regio-centrism, decentralized, multi-domestic business strategy, geo-centrism, creating a global network, hrm practices borrowed from the best practices around the world as oppose to strictly hq or local practices, transnational business strategy. Ihrm strategy- the creation and implementation of ihr practices to help achieve an. Mne"s (cid:271)usi(cid:374)ess strateg(cid:455: strategy formation, centralized v. decentralized.