21036 Study Guide - Final Guide: Financial System, Masculinity, Individualism
Document Summary
Principles which performance management (pm) is based are mainly us-centric. Pm developed for one country/culture may not be suitable for another. Issue is not only for multinational corporations (mncs) but also domestic setting (e. g. increased diversity of national labour forces) Growth in adoption of performance management globally. Wide differences in use of appraisal and increase in use of appraisal. Increase in employees contributing to appraisal process 360-degreee appraisal. Appraisal most commonly used to define training needs. High power distance: pa more likely to be top-down, judgemental process. Low power distance: favour more participative approach & problem solving. High uncertainty avoidance: preference for formality & highly structured approach. Impact of other contextual factors on global performance management. Expatriates are employees who are transferred overseas on international assignment. Ca(cid:374) co(cid:373)e fro(cid:373) ho(cid:373)e or host cou(cid:374)try or (cid:858)third cou(cid:374)try (cid:374)atio(cid:374)als(cid:859) Diverse range of roles and length of assignments. Play a pivotal role in the success of multinational corporations (mncs)
