Summary: Stuvia 971118 Samenvatting International Hrm Isbn 9789001881955 International Hrm
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Read the summary and the most important questions on Stuvia 971118 samenvatting international hrm isbn 9789001881955 international hrm
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1 Chapter 1 International business
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What is the focus of International HRM?
- Companies that have extended their business abroad
- Related HRM issues
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2 1.1 internationalization and globalization
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What is a global player in the business world?
- A company that earns most profits outside its home country. -
Describe the concept of multidomestic industry in business.
- Market position in one country does not affect the market position in other countries. -
What are some factors contributing to globalization in the business world?
- Companies becoming global players
- Small domestic markets lead to international expansion.
- BRIC countries - Brazil, Russia, India, China.
- The influence of the internet.
- Reduced transportation costs.
- Decreased trade barriers and easier movement of people.
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3 1.2 economic models
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What is the capitalist model of leading an economy?
- Economy where land and companies owned by entrepreneurs for profit
- Emphasis on private ownership
- Wide wealth gap
- Exemplified in the United States
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What are the characteristics of the Anglo Saxon model of capitalism found in England?
- Limited government interference with regulations
- Low tax rates
- Services led by commercial parties
- Emphasis on private properties and businesses
- Preference for free trade over limitations
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Describe the Rhineland model in the Netherlands.
- Emphasizes government interference for social security
- Provides support for unemployed and disabled individuals
- Not universally applicable
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Which countries follow the Communist economic doctrine?
- Russia, China, Vietnam
- Seeks common ownership of means of production
- Examples of means of production: land, raw materials, machinery, buildings, money
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How does Communism differ from capitalism in terms of fairness?
- Communism is a more radical form of socialism
- Believes in common ownership
- Views the world as unfair due to organization of production
- Does not believe in allowing individuals to keep proceeds of their work
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What is the role of the government in a Communist economic system?
- Central involvement in economic activities
- Controls means of production
- Does not collaborate with other companies
- Shifting towards the Anglo Saxon model
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