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HRM Global Exam 1 Questions & Answers 2024/2025
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HRM Global Exam 1 Questions & Answers 2024/2025 International Human Resource Management - ANSWERSThe study and application of all human resource management activities as they impact the process of management human resources in enterprises in the global environment. Trade Agreements - ANSWER...

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  • October 25, 2024
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  • 2024/2025
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  • Questions & answers

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  • hrm global exam 1 questions answers

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HRM Global Exam 1 Questions &
Answers 2024/2025

International Human Resource Management - ANSWERSThe study and application of all human resource
management activities as they impact the process of management human resources in enterprises in the
global environment.



Trade Agreements - ANSWERSDecreased barriers and open markets have resulted in fast growing
economies through out the world. Local and national governments support and encourage growing
cross-border and foreign investment.



E Commerce - ANSWERSThe World Wide Web gives the ability to conduct business virtually. Business
that have a website that can be reached to anyone anywhere is considered global.



Homogenization of Culture and Consumer Demands - ANSWERSIntegration of cultures and values have
led to consumer demands for some types of products and services. Firms operating internationally need
to be sensitive to these local differences.



Internationalization - ANSWERSThe process of planning and implementing products and services so that
they can be easily adapted to specific local languages and cultures, a process called localization.



Globalization - ANSWERSA process of interaction and integration among the people, companies, and
governments of different nation, a process driven by international trade and investment aided by
information technology.



Headquarters of Multinationals - ANSWERSHRM professionals work in central or regional headquarters
of traditional headquarters of the traditional multinational enterprises. (most common for HR managers)
They use parent company policies and practices.



Subsidiaries - ANSWERSA company owned by a holding company.

, Foreign Owned Firms - ANSWERSThe complete or majority ownership/control of a business or resource
in a country by individuals that are not citizens of that country, or by companies whose headquarters.



Domestic Firms - ANSWERSHiring or recruiting of immigrants or establishing small offices in other
countries or recruit talent "overseas" in order to meet needs for specialized skills.



Non Governmental Organization (NGOs) - ANSWERSAn organization that is neither a part of a
government nor a conventional for-profit business. Usually set up by ordinary citizens, NGOs may be
funded by governments, foundations, businesses, or private persons.



Strategic International HRM (SIHRM) - ANSWERSCreating and implementing IHRM policies and practices
that help achieve an MNE's international strategy. (Used in ideal situations)



Internalization Process and Methods for Market Entry within the Five Stages. Stage 1: -
ANSWERSExporting and Portfolio Investment. Firms may decide to make finical investments in foreign
firms. And may begin to export products or services to foreign markets through direct sales or foreign
distributors.



Internalization Process and Methods for Market Entry within the Five Stages. Stage 2: - ANSWERSSales
subsidiary/Local Sales Office. Assign responsibility for international sales to a sales managers or and
purchasing agent.



Internalization Process and Methods for Market Entry within the Five Stages. Stage 3: -
ANSWERSLicensing, Franchising, Contracting/Sub-contracting.



Internalization Process and Methods for Market Entry within the Five Stages. Stage 4: - ANSWERSWholly
owned subsidiaries (Greenfield-build subsidiaries from scratch or Brownfield-buying existing facilities)
Maquiladora (twin plants (one in Mexico one in U.S)).



Internalization Process and Methods for Market Entry within the Five Stages. Stage 5: -
ANSWERSInternational Joint Ventures, International Mergers & Acquisitions, and International Alliances,
Partnerships, & Consortia.



International Joint Ventures - ANSWERSTwo or more firms create a new business entity.

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