IHRM - Institutional approach Study Guide Questions And Accurate Answers 100% Verified.
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Module
LME.
Institution
LME.
Institutional approach - Ferner - correct answer - Orgs constrained by institutions in country that they are operating in
- Must adopt an approach that agrees with the different stakeholders approach in that country
1. Societal Effect - correct answ...
Institutional approach - Ferner - correct answer - Orgs constrained by
institutions in country that they are operating in
- Must adopt an approach that agrees with the different stakeholders approach in that country
1. Societal Effect - correct answer - Maurice et al - argue that social institutions
influence companies practices - e.g. economic, gov, family, educational. religious
- How these interact
- Each society displays different ways of dealing with challenges
- Depends on mgt, labour and the state interacting in nationally distinctive ways
- Companies structure and processe have to reflect typical national patterns in order to be successful
2. National Business System - correct answer - Whitley - variation in nation-
level institutions
- Transfer of HRM practices largely depends on the institutional structures of the host country
- 4 key institutional areas - State, IR, financial systems, patterns of education and training
- Different national business systems are relattively stable and eff in seperate institutional contexts
- Pull towards continued national divergence
3. Varieties of Capitalism - correct answer Understand institutional diffs and
sims among developed economies
Hall and Soskice - correct answer - 2 distinct types of economy
- CME or LME
- CME - controlled by formal inst
- LME - controlled by market mechs
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