SHRM CP EXAM HR In The Global Context Study Guide Exam With Correct Answers 2024.

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