MGMT 2001 Midterm Review.docx - Human Resource Management Review Midterm Exam Chapters 1-6 1 Review all the laws that governs discrimination Title VII

MGMT 2001 Midterm Review.docx - Human Resource Management...

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Human Resource Management Review Midterm Exam Chapters: 1 -6. 1. Review all the laws that governs discrimination. Title VII of the 1964 U.S. Civil Rights Act , as amended in 1991 To prohibit discrimination based on race, color, religion, sex, or national origin Age Discrimination in Employment Act (ADEA) of 1967, as amended in 1978 and 1986 To prohibit discrimination against persons age 40 and older Americans with Disabilities Act of 1990 (ADA) To prohibit discrimination against persons with disabilities 2. Review competitive advantage? The ability of an organization to formulate strategies that place it in a more favorable position relative to the other companies in the industry. 3. What is HRM objective in regard to employees? Concerns the personnel policies and managerial practices and systems that influence the workforce. Maximize workforce potential 4. Review reasons for the failure of international assignments. Failed Assignments. Compensation. Localization. Trailing spouse benefits. Cross-cultural training for expatriate & family. Repatriation. Difficulty retaining expatriates/ high turnover. Reverse culture shock. Career growth 5. Understand the concept of Franchising and Foreign direct investment? Franchising—special form of licensing, allows an independent organization, the franchisee , to operate a business under the name of another, a franchisor , in return for a fee
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FDI is an investment in a business by an investor from another country for which the foreign investor has control over the company purchased. T here is Alliance with Joint ventures and Strategic Alliance and Sole ownership. 6. Review the concept of mergers and acquisitions? In a merger, the boards of directors for two companies approve the combination and seek shareholders' approval. In a simple acquisition, the acquiring company obtains the majority stake in the acquired firm, which does not change its name or legal structure. 7. Know the difference between Licensor and Licensee? the licensor(gives) leases the right to use its intellectual property to another firm, called the licensee (receives) , in exchange for a fee.
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