What value is there to understanding the factors driving standardization versus localization of HR policies, processes, routines,...

50.1K

Verified Solution

Question

General Management

What value is there to understanding the factors drivingstandardization versus localization of HR policies, processes,routines, procedures and practices?

Answer & Explanation Solved by verified expert

3.7 Ratings (298 Votes)

The value of understanding the factors driving standardization versus localization of HR policies processes routines procedures and practices can be derived from the fact that the strategic decisions in a global market place have become increasingly complex A global industry is one which competition crosses national borders the strategic moves of a MNC in one country can be significantly affected by its competitive position in another country Examples are found in aircraft making automobiles computers durable electronic consumer goods Hence in international management an Organization attempts to undertake various global strategies in order to expand its horizon to the Global markets Accordingly there are four types of main strategies as under International strategy Localization strategy Global Standardization ie cost leadership strategy Transnational strategy In terms of Standardization versus Localization the value of understanding these two strategies is very essential in defining See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member