MAN6635 INTERNATIONAL HR EXAM 1 QUESTIONS AND ANSWERS
Business Administration - CORRECT ANSWER✅✅A program of studies in a college or university
providing general knowledge of business principles and practices.
Organizational Behavior - CORRECT ANSWER✅✅A field of study devoted to understanding, explaining,
and ultimately improving the attitudes and behaviors of individuals and groups in organizations. It is the
Psychology, Social Psychology, and Sociology on the job. The study of what about a person or their job
makes them perform well at their job and not want to quit.
Human Resource Management (HRM) - CORRECT ANSWER✅✅The policies, practices, and systems that
influence employees' attitudes, behavior, and performance. Represents the practical application of the
science of Organizational Behavior.
International Human Resource Management (IHRM) - CORRECT ANSWER✅✅The study and application
of all human resource management activities as they impact the process of managing human resources
in the global environment. Becomes more important with each passing year as the economy becomes
more global.
Markets for most goods and services are global due to: - CORRECT ANSWER✅✅- Increased investment
across borders
- Number of international joint ventures on the rise
- Millions of employees work outside their country of origin
- Thousands of firms operate outside of their country of origin
- Inputs to business activities are available everywhere in the world
Internationalization of Business - CORRECT ANSWER✅✅Refers to the ever-increasing interaction,
interconnectedness and integration of people, companies, culture, and countries. Driven by:
- Trade agreements
- Search for new markets and reduced costs
- Rapid and extensive global communication
- Rapid development and transfer of new technology
- Improving global education and global talent pool
, - Increased travel and migration
- Knowledge sharing
- E-commerce
- Homogenization or culture and consumer demands
HRM vs. IHRM - CORRECT ANSWER✅✅International Human Resource Management not only fully
subsumes all topics from Human Resource Management, but also involves the following additional
concepts:
- Design and Structure of the Multi-National Enterprise
- International Mergers, Acquisitions, Joint-Ventures, and Alliances
- International Employment Law, Labor Standards, and Ethics
Effects of Culture on ALL aspects of HRM includes: - CORRECT ANSWER✅✅Employee Relations
Planning & Staffing
Recruiting & Selection
Training
Compensation
Performance management
Strategic Management - CORRECT ANSWER✅✅Strategic management consists of the analyses,
decisions, and actions an organization undertakes in order to create and sustain competitive
advantages.
Strategy signals an organization's commitment to specific markets, competitive approaches, and ways of
operating
How International Human Resource Management impacts strategy: - CORRECT ANSWER✅✅Increased
intensity of competition places great pressure on firms to develop the capacity to operate at lower costs
and with greater speed, quality, customer service, and innovation, both at home and abroad. IHRM is
called upon to hire, develop, and retain the workforce that can handle this strenuous level of global
competitiveness. HRM and IHRM is responsible for our most valuable intangible asset, our people
Examples of Intangible Assets of Organizations - CORRECT ANSWER✅✅- Human Capital
Business Administration - CORRECT ANSWER✅✅A program of studies in a college or university
providing general knowledge of business principles and practices.
Organizational Behavior - CORRECT ANSWER✅✅A field of study devoted to understanding, explaining,
and ultimately improving the attitudes and behaviors of individuals and groups in organizations. It is the
Psychology, Social Psychology, and Sociology on the job. The study of what about a person or their job
makes them perform well at their job and not want to quit.
Human Resource Management (HRM) - CORRECT ANSWER✅✅The policies, practices, and systems that
influence employees' attitudes, behavior, and performance. Represents the practical application of the
science of Organizational Behavior.
International Human Resource Management (IHRM) - CORRECT ANSWER✅✅The study and application
of all human resource management activities as they impact the process of managing human resources
in the global environment. Becomes more important with each passing year as the economy becomes
more global.
Markets for most goods and services are global due to: - CORRECT ANSWER✅✅- Increased investment
across borders
- Number of international joint ventures on the rise
- Millions of employees work outside their country of origin
- Thousands of firms operate outside of their country of origin
- Inputs to business activities are available everywhere in the world
Internationalization of Business - CORRECT ANSWER✅✅Refers to the ever-increasing interaction,
interconnectedness and integration of people, companies, culture, and countries. Driven by:
- Trade agreements
- Search for new markets and reduced costs
- Rapid and extensive global communication
- Rapid development and transfer of new technology
- Improving global education and global talent pool
, - Increased travel and migration
- Knowledge sharing
- E-commerce
- Homogenization or culture and consumer demands
HRM vs. IHRM - CORRECT ANSWER✅✅International Human Resource Management not only fully
subsumes all topics from Human Resource Management, but also involves the following additional
concepts:
- Design and Structure of the Multi-National Enterprise
- International Mergers, Acquisitions, Joint-Ventures, and Alliances
- International Employment Law, Labor Standards, and Ethics
Effects of Culture on ALL aspects of HRM includes: - CORRECT ANSWER✅✅Employee Relations
Planning & Staffing
Recruiting & Selection
Training
Compensation
Performance management
Strategic Management - CORRECT ANSWER✅✅Strategic management consists of the analyses,
decisions, and actions an organization undertakes in order to create and sustain competitive
advantages.
Strategy signals an organization's commitment to specific markets, competitive approaches, and ways of
operating
How International Human Resource Management impacts strategy: - CORRECT ANSWER✅✅Increased
intensity of competition places great pressure on firms to develop the capacity to operate at lower costs
and with greater speed, quality, customer service, and innovation, both at home and abroad. IHRM is
called upon to hire, develop, and retain the workforce that can handle this strenuous level of global
competitiveness. HRM and IHRM is responsible for our most valuable intangible asset, our people
Examples of Intangible Assets of Organizations - CORRECT ANSWER✅✅- Human Capital
