We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Assignment IB - Essay Example

Comments (0) Cite this document
Summary
Assignment IB Questions 1. How can companies manage the risks associated with international management recruitment and selection? In a global competitive environment, the firms are plunging into the international markets and establishing their businesses in foreign locations in order to expand their business as well as to maximize their profit portfolio…
Download full paperFile format: .doc, available for editing
Polish This Essay95.8% of users find it useful
Assignment IB
Read TextPreview

Extract of sample
"Assignment IB"

Download file to see previous pages International management recruitment and selection mechanism are exposed to various risks which the organizations are required to manage and select appropriate hedging techniques. The management plays the pivotal role in managing the risks faced by the organizations. Political risks are one of the important risks which the multinational firms quite often face. “Political risks are any governmental action or politically motivated event that could adversely affect the long-run profitability or the value of a firm” (Deresky, 2006, p.30). In order to manage the political risks identification of the risks is crucial. The risks faced by the firms may be firm-specific risks that affect the firms at the corporate level with conflict between the firm and the host government. In order to manage these risks the firms enters into negotiation of an investment agreement to purchase investment insurance and guarantees, to modify operating strategies in production, logistics, marketing, finance, organization, and personnel at the corporate level. Cultural and institutional risk evolve from host country policies with respect to ownership structure, human resource norms, religious heritage, nepotism and corruption, intellectual property rights, and protectionism. Managing cultural and institutional risks requires the MNCs to understand the differences, take legal actions in host country courts, support worldwide treaties to protect intellectual property rights, and support government efforts to create regional markets (Foreign Investment Decisions, 2005, p. 460).Closely connected with the political risks is the economic risk of the country. Various approaches are adapted by the mangers to manage the economic risks. The quantitative approach is devised to assign different weights to economic variables in order to produce a composite index used to measure the country’s creditworthiness over time and also to make comparisons with other countries. The problem of this approach is to do not incorporate different stages of development among the countries it compares. The qualitative approach estimates the economic risks of a country by assessing the capability of its leaders as well as analyzing the types of policies they are likely to implement. The future dimension of the economy of the country can be estimated from this approach. In another approach which is the checklist approach, the researchers develop several vulnerability indicators that categorize the countries in terms of their ability to withstand the economic volatility. Majority of the corporations try to use the combination of all these approaches to manage the economic risks faced by the organization (Deresky, 2006, p.34). Repatriate turnover not only results in a loss of human capital investment for the MNC in general but also increases the risks the possibility of losing this investment to a direct competitor. To reduce the risk of repatriate turnover, MNCs will emphasis on the structuring of the short-term oriented HR practices inculcated with longer-term instruments such as integrating international assignments into individual career paths. Research has focused that the short-term assignees may fail to expand helpful relationships with local colleagues and customers at the same time facing increased risks of marital problems. One of the staffing policies in this case is ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Assignment IB Essay Example | Topics and Well Written Essays - 2250 words”, n.d.)
Assignment IB Essay Example | Topics and Well Written Essays - 2250 words. Retrieved from https://studentshare.org/management/1451813-mangment
(Assignment IB Essay Example | Topics and Well Written Essays - 2250 Words)
Assignment IB Essay Example | Topics and Well Written Essays - 2250 Words. https://studentshare.org/management/1451813-mangment.
“Assignment IB Essay Example | Topics and Well Written Essays - 2250 Words”, n.d. https://studentshare.org/management/1451813-mangment.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
International baccalaureate primary-year-program
The International Baccalaureate (IB), formerly known as the International Baccalaureate Organization, is a nonprofit institution which provides educational products to the international community.
18 Pages(4500 words)Essay
Mathematics IB Internal Assessment
The island is about 55 km long and 18 km wide. This country does business across the world and is known for shipping services and products. Some of the close countries that does business with Bahrain includes Saudi Arabia which lies to the west and connected by the King Fahd causeway to Bahrain, Iran which lies to the north of Bahrain across the Gulf and the peninsula of Qatar to the south east next to the Gulf of Bahrain.
7 Pages(1750 words)Research Paper
Economics IB HL Y13
Aid destroys the linkage and makes the masters in complete command over the nation which has been given the aid. During the length of this paper, the focus will thus remain on the global trade and how the same promotes
3 Pages(750 words)Essay
Personal Essay
Frequently this presents a number of challenges insofar as on many occasions different parties believe projects should go in different directions. However I believe that it is through working together that we
1 Pages(250 words)Essay
World Literature Paper 2(B) - IB English HL
It took more than five months to shot the film, from October 1983 to February 1984 at different locations in Sao Paolo Brazil, with rehearsals done in New York and post production done in Los Angeles, California. The story unfolded in prison cell in
5 Pages(1250 words)Essay
Assignment
The experiment with Yellowstone cutthroat trout and rainbow trout on growth rates of Colorado River in the Sheep Creek drainage in the Uinta Mountains of Utah determined the effects of elevation, sex and genetic introgression (Belk, McGee & Shiozawa, 56-62). As
1 Pages(250 words)Essay
IB International business
Secondly, due to globalization, there is an increased exposure to a foreign culture in the form of music, clothing, food, and
1 Pages(250 words)Essay
IB tok essay- title: The possession of knowledge carries an ethical responsibility. Evaluate this claim
Knowledge can control anything if the subject is understood well enough. This also makes knowledge the most dangerous thing in the world. Without the ethical use of
6 Pages(1500 words)Essay
IB
In order to enter a foreign market ,the international retailer need to plan well in advance. E –tailing is a modern channel by which retail business can be expanded on an international basis. But the concern is
10 Pages(2500 words)Assignment
Commentary for IB Literature Facebook sonnet
The anonymous narrator, whose gender or age the author does not reveal, contemplates on the habits of modern humans which prevent them from enjoying the natural things in life that the protagonist of the poem cherishes. The author portrays the current habits and
5 Pages(1250 words)Essay
Let us find you another Essay on topic Assignment IB for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us