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polycentric approach advantages and disadvantages

Geocentric approach's advantage is that it is relatively easier to execute as compared to polycentric approach as a single strategy needs to be devised for all the markets. A polycentric approach is typically appropriate for firms utilizing a multidomestic strategy. Moreover, employees who are hired at subsidiary level would not have any problem adapting to the culture. Also there is a lower cost incurred when recruiting staff as Background image of page 3 Although there are mostly disadvantages to the views that ethnocentrism requires, some cultures and individuals can use this comparison to find some advantages. The development of a regional approach can help the MNC through the evolution from an ethnocentric or polycentric approach towards a geocentric approach… The authors are discussing the concept of multiculturalism in variety of contexts and are giving examples of how manipulated the term multiculturalism is in the media, politics and science. This approach is similar to the polycentric approach, but it reflects a specific region rather than a specific country. The disadvantages of the polycentric approach are: (1) Limits career mobility, and (2) Isolates headquarters from foreign subsidiaries. Disadvantage Of Polycentric. The polycentric approach is best used in order to maintain low hiring costs. 1. Ethnocentric approach is a staffing policy that is used in companies that has primarily international strategic orientation. Communication is easier and companies run smoother due to the fact the employees are all related in their geographic location. List of the Advantages of Ethnocentrism. media presents. The advantages of this approach are: 1. The chart below shows the various advantages and disadvantages of PCNs, HCNs, and TCNs: Polycentric is the policy involved hiring and promoting employees who are citizens of the host countries that the subsidiary is operated. Focus will be on the polycentric staffing approach. This policy is best used when companies want to keep hiring cost low. Polycentric staffing definition . That HCN managers have the opportunity to influence decisions and compete for jobs at the regional level. For instance, a U.S. company in Mexico may consider hiring an employee from Canada to fill a management role. Polycentric approach. To emphasise the difference between the four staffing approaches, ethnocentrism, polycentrism, regiocentrism and geocentrism will be illustrated. It is an approach in life which often leads to vanity and pride, failing to see any strength in the idea of diversity. Source: Harzing and Van Ruysseveldt (2007:254) 2. The characteristics of a polycentric approach are: Centres around the host country. Advantages and disadvantages of polycentric approach Advantages In this approach there is familiarity with socio-economic, political and legal environment with business activities that are carried out in the host-country. Advantages and disadvantages of PCNs. The advantages of the polycentric approach are: (1) Alleviates cultural myopia, and (2) It is inexpensive to implement. At first, its advantages will be pointed out, followed by a reflection of its disadvantages. Defining polycentric, ethnocentric, and geocentric approaches to staffing identify the advantages and disadvantages of each for international company staffing the pros and cons of geocentric staffing by perlmutter (1969) by till schaumann | jan 28, 2015 paperback $1890 $ 18 90 free shipping more buying choices $1677 (4 used & new. This policy is best used when companies want to keep hiring cost low companies that has primarily international strategic.. The four staffing approaches, ethnocentrism, polycentrism, regiocentrism and geocentrism will be illustrated countries that the subsidiary operated! 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