Principles of Management
Principles of Management
OER 2019 Edition
ISBN: 9780998625768
Author: OpenStax
Publisher: OpenStax College
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Chapter 9.2, Problem 1CC

What does a mission statement explain about a firm that a vision statement does not?

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As you are finishing this week’s report to the management team, you will be focused on which approach to use for staffing the new operations.  There are four approaches to consider, ethnocentric, polycentric, regiocentric, or global. You will need managers, administrative staff, and plant workers to begin operations.  Initial Post Instructions Taking into consideration of the Philippine culture and education levels, which of these four approaches would be the best approach for your expansion plan?  You may also select a hybrid approach. Explain your reasons for this selection.  What is your top requirement in determining who to hire? For example, is knowledge and ability the most important skill set, or ability to adjust to change, or a growth mindset, or what other area do you believe is essential for the success of the expansion plan?

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