MeganCookWeek2HomeworkPredisposition Job-Aid

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MULTINATIONAL CORPORATION JOB-AID BY M E G A N C O O K

ETHNOCENTRIC DEPOSITION • This type of deposition for a multinational corporation allows only the parent corporation to make strategic decisions through that meet their own values and interests for the organization. Unfortunately, this allows for gaps as diversity is growing and less representation is seen through this ethnocentric approach. • This type of deposition for a multinational corporation allows only the parent corporation to make strategic decisions through that meet their own values and interests for the organization. Unfortunately, this allows for gaps as diversity is growing and less representation is seen through this ethnocentric approach. E X A M P L E S A company requiring its employees to a dress code that they think is universally appropriate can cause a loss of individualism with employees. A company that only sells products popular in their own culture. A company that assumes its business and communication practices are the universally norm and do not take inconsiderate other culture differences.

POLYCENTRIC DEPOSITION those cultures. • This type of deposition for a multinational corporation partners with the countries where it operates and formulates their strategic plan that best suites and represents those cultures. E X A M P L E S An organization that hires native of the host country and put them in managerial positions Organization that put out a strong local identity in their area. “that anything learned about one foreign market would not apply to any other foreign market” (Moran et al., 2014).

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GEOCENTRIC DEPOSITION • This type of deposition for a multinational is best set for the growing global diversity that is happening in the workplace. It allows for businesses to globally interact, train, and work together simultaneously as they formulate strategic decisions. • This type of deposition for a multinational is best set for the growing global diversity that is happening in the workplace. It allows for businesses to globally interact, train, and work together simultaneously as they formulate strategic decisions. E X A M P L E S Allows collaboration from the headquarters and subsidies to achieve high quality services and goods. Organizations hiring and training globally/internationally. Organizations working together internationally to promote culture diversity and inclusion in the workplace.

REFERENCES Jarisco. (2023, April 20). Understanding ethnocentrism in business: 30 examples - BitGlint . BitGlint. https://www.bitglint.com/ethnocentrism-examples-in-business/ Moran, R. T., Abramson, N. R., Moran, S. V., & Harris, P. R. (2014). Managing cultural differences. Abingdon, Oxon: Routledge. Slater, T. (2023, February 11). What is the polycentric approach in international business? - Arew . Arew. https://arew.org/what-is-the-polycentric-approach-in-international-business/ Woodall, Z. (2019, February 9). Ethnocentrism, polycentrism and geocentricism . https://sites.psu.edu/global/2019/02/09/ethnocentrism-polycentrism-and-geocentricism/

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