What are the advantages of the geocentric staffing policy?

What are the advantages of the geocentric staffing policy?

The geocentric policy approach to staffing assigns job positions to any person best suited for the position, regardless of the employee’s background, culture or country of origin. The main advantage of this staffing policy approach is that it is highly flexible.

What are the advantages and disadvantages of ethnocentric approach?

The advantages of the ethnocentric approach are: (1) Overcomes lack of qualified managers in host country, (2) Unified culture, and (3) Helps transfer core competencies. The disadvantages of the ethnocentric approach are: (1) Produces resentment in host country, and (2) Can lead to cultural myopia.

What are two advantages of using a polycentric approach to staffing?

Advantages of Polycentric Approach The hiring of locals or the nationals of the host country is comparatively less expensive. The morale of the local staff increases. Better productivity due to better knowledge about the host market. The career opportunities for the nationals of the host country increases.

What are the disadvantages of geocentric marketing?

Disadvantages of Geocentric Approach The cost of training, compensation, and relocation of an employee is too high. Highly centralized control of staffing is required. Proper scrutiny is required by the HR to select the most suitable person for the job, which could be time-consuming.

What are benefits of a Regiocentric staffing approach?

Advantages of Regiocentric Approach

• Culture fit, i.e. the managers from the same region as that of the host country may not encounter any problem with respect to the culture and the language followed there.
• Less cost is incurred in hiring the natives of the host country.

What is ethnocentric approach to staffing?

The ethnocentric staffing policy refers to the strategy of a multinational company to employ managers for key positions from the parent headquarters instead of employing local staff (“Global Human Resource Management”).

What are the benefits of ethnocentric approach?

Advantages of Ethnocentric Approach

• Better coordination between the host and the parent company.
• The culture of the parent company can be easily transferred to the subsidiary company, thereby infusing beliefs and practices into the foreign country.
• Effective control over the subsidiary.

What’s ethnocentric approach?

To reduce the perceived risk in these new ventures, companies may be tempted to adopt an ethnocentric approach to their HR practices. Ethnocentric companies appoint expatriates to fill senior posts and enforce the same rules and practices abroad that apply in their country of origin.

Which approach to staffing is the best?

geocentric policy approach
The geocentric policy approach to staffing assigns job positions to any person best suited for the position, regardless of the employee’s background, culture or country of origin. The main advantage of this staffing policy approach is that it is highly flexible.

What is the difference between an ethnocentric and a polycentric staffing approach?

An ethnocentric staffing approach seeks host-country nationals for all key positions, while a polycentric staffing approach seeks the best people for key jobs regardless of nationality.

Which company is a good example of geocentric approach?

Global leaders and the customers: There are a few examples of companies where geocentrism is in force for instance KFC has “a vegetarian thali (a mixed meal with rice and cooked vegetables) and Chana Snacker (burger with chickpeas) to cater to vegetarians in India” and Viacom’s MTV channels are “branded accordingly as …

What is difference between ethnocentric and polycentric marketing strategy?

Ethnocentric approach is used in MNC’s having international strategic orientation while polycentric approach maintains employees from the same area, ethnocentric involves sending employees from the home or parent countries to the host country.

What are the advantages of an ethnocentric staffing policy?

An ethnocentric staffing policy is one in which key management positions are filled by parent country nationals. The advantages of the ethnocentric approach are: (1) Overcomes lack of qualified managers in host country, (2) Unified culture, and (3) Helps transfer core competencies. The disadvantages of the ethnocentric

What are the advantages and disadvantages of the polycentric approach?

The advantages of the polycentric approach are: (1) Alleviates cultural myopia, and (2) It is inexpensive to implement. The disadvantages of the polycentric approach are: (1) Limits career mobility, and (2) Isolates headquarters from foreign subsidiaries.

What are the disadvantages of an ethnocentric approach?

The disadvantages of the ethnocentric approach are: (1) Produces resentment in host country, and (2) Can lead to cultural myopia. An ethnocentric approach is typically appropriate for firms utilizing an international strategy.

What are the advantages of a polycentric staffing policy?

A polycentric staffing policy requires host country nationals to be recruited to manage subsidiaries, while parent country nations occupy key positions at corporate headquarters. The advantages of the polycentric approach are: (1) Alleviates cultural myopia, and (2) It is inexpensive to implement.