Think%20Global%2c%20Act%20Local

Think%20Global%2c%20Act%20Local - Think Global/Act Local...

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01/19/12 MGT 4174 1 Think Global/Act Local Paradox of International business Convergent vs divergent practices Factors that influence standardization of work practices Role of corporate culture Role of the subsidiary Paradox of cheap labor Role and implications of language Codes of conduct and monitoring HRM practices of subcontractors
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01/19/12 MGT 4174 2 The Paradox of Int’l Business Think Global -- Act Local Think Global Global competition Global customers Universal products Economies of scale Act Local Host government practices and restrictions Local customs Local customers and employees want local responsiveness Part of Convergence – Divergence debate
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01/19/12 MGT 4174 3 Convergence in Work Practices Occurs as the migration of management and workplace practices around the world reduce workplace disparities from one country to another. Occurs as MNCs seek consistency and coordination among their foreign subsidiaries, and act as catalysts for change by “exporting” new forms of work organization and practices. Being driven by growth of MNCs; growth of free trade blocs such as EU, NAFTA; awareness of workplace abuse and human rights issues
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MGT 4174 4 Convergence vs Divergence Growth of MNC’s Common processes Common standards Growth of Free Trade Zones Growing use of English as language of business Common Technologies Declining role of Labor Unions Growth in CSR and organizations that monitor compliance with international standards Long established national labor relations systems Social systems Political ideology Local culture and expectations Local work practices Forces for Convergence Forces for Divergence
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Think%20Global%2c%20Act%20Local - Think Global/Act Local...

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