Exam 2: The Role of Globalization in HR Policy and Practice

The degree of cultural differences is one of the factors that affect the level of difficulty involved in operating HR on an international basis.

A(n)__________ is formed when companies agree to partner with one another,but do not set up a separate entity.

A licensee leases the right to use intellectual property of another firm.

__________ refers to the extent to which members of a society accept delayed gratification of their material,social,or emotional needs.

The UNCTAD index is based on a composite of two ratios: foreign assets to total assets and foreign sales to total sales.

What is the objective of businesses creating offshore professional and operations centers.

In the __________ approach,foreign subsidiaries have little autonomy,operations are centralized,and major decisions are made at corporate headquarters.

When an organization directly owns part of or an entire business in a foreign market,it is called __________.

Management contract is a special form of licensing.

A(n)__________ allows an organization to make direct investment very gradually while sharing its risk with a knowledgeable,experienced other party while maintaining independence.

Your company has decided to open a branch in another country.As the human resource manager,it is your job to determine how the foreign subsidiary will interact with the parent corporation.Define the four international human resource management strategies you may choose from.Be sure to describe the role both locals and expatriates would play in the subsidiary's development.

Third parties that specialize in facilitating importing and exporting are called intermediaries.

People from highly individualistic societies attach more importance to freedom and challenges in jobs.

Individuals from societies with high levels of uncertainty avoidance tend to have a strong task orientation,prefer flexible work hours,and feel a strong loyalty to their employer.

The successful placement of employees within international assignments is important to the success of a transnational organization.Studies have shown that difficulty adjusting to a different ______ is the number one reason for the failure of international assignments.

The organization gives up a major amount of control over processes when using contract manufacturers.A concern with this approach is:

Some firms prefer to enter international markets through actual ownership of business.

In global industries,business policies and practices can be as centralized or as decentralized,as management prefers.

List the five Asian economies expected to share the world's largest economies with the U.S.by 2020.

A(n)__________ leases the right to use its intellectual property to another firm.