International-Business-Dr-R-Chandran-E-book

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Host Country Nationals and the Global Corporation HCNs - Recruitment The legal and ethical climate of global human resource management 266 International Business- Dr. R. Chandran spouse, schools) 1. Less expensive 2. Have distinct advantages in cultural sensitivity, understanding local employee needs/motivation strong reservations exist in using HCNs: 3. Concern that locals will not adopt PC culture & management system 4. Level of commitment to organization may not be high 5. Don’t have the expertise or requisite skills that PCNs/expatriates possess 6. Communication between HQ and host offices will be less effective 7. Most problems can be eliminated by careful recruitment, selection, and training of HCNs When recruiting try to use the same recruitment methods as local businesses & other successful GCs 1. Foreign Corrupt Practices Act – (1977) forbids in conducting to give the firm an unfair advantage 2. There exists varying degrees of employment discrimination in other countries which may cause problems/dilemmas for PCNs managers 3. Civil Rights Act of 1991 applies to US firms’ operations overseas 4. Sullivan Principles FACTORS AFFECTING GLOBAL HR PLANNING Only for Private Circulation
Strategy of the organization Need for Human resources: Quantity and Skill Levels Culture of the organization Linkage of Organizational and HR Strategies 267 International Business- Dr. R. Chandran Competitive / Financial Environment HR policies and Plans for: • Recruiting • Selection • HR development • Compensation • Performance Management • Staffing Adjustments Available Financial Resources Current Organization Situation Only for Private Circulation
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COMPANY COUNTRY OF ORIGIN REFORM PR
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4. Diplomatic relations 9 Internati
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10. Legal aspects 11. Investment an
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LICENSOR LICENSEE PROVIDE THE RIGHT
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Supply International Business- Dr.
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10. MERGERS AND ACQISITIONS 25 Inte
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12. TURNKEY PROJECTS 27 Internation
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13. COUNTER TRADE 29 International
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a) Home country Economy 35 Internat
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SOCIAL ENVIRONMENT 39 International
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1. POLITICAL RISKS 2. ECONOMIC RISK
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FDI Policy Initiatives 61 Internati
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Bahrain international Business Cent
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(ACUs). These are operational units
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6. Essentials of Trade Finance 81 I
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RATES TT Selling Rate Exchange Marg
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) Constant motivation of subsidiari
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2. Organizations with an Internatio
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3.3 Organization according to Geogr
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Joint Venture with an Indian Partne
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Stage:6 “Global mindset, customer
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The Decision Making Process 155 Int
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Environmental Issues 159 Internatio
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AGREEMENTS OBJECTIVE OF AGREEMENT b
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AGREEMENTS OBJECTIVE OF AGREEMENT 1
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AGREEMENTS OBJECTIVE OF AGREEMENT f
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Tariff Barriers 191 International B
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D) On the basis of trade relations
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Types of non-tariff barriers 195 In
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World Bank 199 International Busine
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• Macroeconomic & Economic Growth
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• Local Currency Financing • Mu
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INTERNATIONAL MONETARY FUND 205 Int
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ASIAN DEVELOPMENT BANK 207 Internat
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Mode of transport Type of delivery
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