SHRM CP EXAM HR in the Global Context

Foreign Direct Investment - Correct Answer-Investment of foreign assests into domestic structures equipment organizations; leading indicator of shift and major feature of globalization; foreign assets equipment money risk terriosm Diaspora - Correct Answer-mass migration from homeland to multiple destinations; brain drain them better opportunities Chicago has Polish Italian Mexican etc Demographic Dichotomy - Correct Answer-younger workforce emerging economies aging workforce in developed economies reverse innovation - Correct Answer-innovations created for or by emerging markets and then imported to developed markets Global Intergration GI - Correct Answer-Integration in this together; policies consistent recruit same way ethnocentric Local Responsiveness LR - Correct Answer-polyentric; focused on local market customers; customizations unique to them local vendors example Pepsi same everywhere but also different flavors in different places Upstream - Correct Answer-decisions made at HQ; strategy and coordination; standarization of processesand integration of resources Downstream - Correct Answer-decisions made locally; adapting strategic goals and plans to local realities Identify Alignment - Correct Answer-embraces diversity in mgmt of ppl products services and branding; products services offerings and brand identity may be adjusted for local cultures; Process Alignment - Correct Answer-Same everywhere; Mcdonalds burgers are always made the same Ethnocentric - Correct Answer-HQ maintains tight control over everything One best way Polycentric - Correct Answer-subsidiaries develop strategies conssitent with local business practices and cultures many best ways regiocentric - Correct Answer-communicationand coordination are high within the region but not between regions and HQ Geocentric - Correct Answer-HQ and subs form a network each contributing specific expertise the Team Way Outsourcing - Correct Answer-hiring someone else to do work for you not your employees offshoring - Correct Answer-hire someone who is part of your org. but working outside of HQ country our employees Onshoring - Correct Answer-inside same country example San Francisco to Chicago lower cost our employees Near shoring - Correct Answer-USA working with Canada or Mexico they are close by and not halfway around the world Globalists - Correct Answer-spend whole career moving from one locale to another local hires - Correct Answer-host country nationals short term asignees - Correct Answer-less than one year but more than a few weeks