Cross Cultural Management
Cross Cultural Management
Cross Cultural Management
Set of flashcards Details
| Flashcards | 46 |
|---|---|
| Language | English |
| Category | Micro-Economics |
| Level | University |
| Created / Updated | 01.01.2022 / 02.05.2022 |
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What does the ERPG Framework stands for?
E – Ethnocentric (decision made at HQ, no adaptation, domestic market drive international strategy) Harley
P – Polycentric (every market is uniqueness, equally importance to every market, subsidiary have decision-making autonomy) MC Donalds
R – Regiocentric (Regional strategy and culture, regional autonomy in decision making,) Adidas
G – Geocentric (global approach, nationality is ignored, global mindset,) Intel
What does the AAA Global Strategy Framework stands for?
• Adaption (Tailoring products to suit local preferences)
• Aggregation (economies of scale by regional/global efficiencies)
• Arbitrage (Exploiting differences rather than adapting them)
Name three different strategys for managing cultural differences
• Ignore (Ethnocentric, top-down, efficiency, cultural assumption = irrelevant)
• Minimize (Regiocentric, top-down or bottom-up, adaptability, cultural assumption = a problem/threat)
• Utilize (Geocentric, all channels, Synergy, cultural assumption = opportunity, advantage)
Due to the HBR Article "Leaders Can Adapt top uncertain times" Covid-19 had a major impact on how people work and HR Manager need to adjust to it. What is the recommended solution?
• Shifting from complicated to complex
• Foster a trust culture
• Make your company values foundational:
o Value: Communication
o Value: Trust
o Value: Employee engagement
What are the three different strategys to implement CSR
Global CSR Approach
Transnational CSR Approach
Local CSR Approach
Doe to the HBR Article "Coronavirus is Putting CSR to the Test by Mark R.Kramer" companies can prove their CSR capabilites now with corona to which parties?
Employes
Small Suppliers
Health Care
Communities
