Explain This Statement: Students Must Practice the Behavioral Skill by Performing

question 13

Short Answer

Explain this statement: Students must practice the behavioral skill by performing it .

Comprehend the importance and structure of international human resource management (IHRM) strategies.

Understand the impact of workforce diversity on international HR practices.

Recognize the importance of strategic planning in expatriate training design and implementation.

Understand the internal and external factors that affect international HR planning and strategy.

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Definitions:

Porter's Five Forces

A framework analyzing a business's competitive environment based on five key forces: competitive rivalry, supplier power, buyer power, the threat of substitution, and the threat of new entrants.

Zero-Sum Game

A situation in which one participant's gains or losses are exactly balanced by the losses or gains of the other participants.

Profitability Expense

A cost incurred by a business that is considered when calculating its profitability, often relating to the operational, production, or administrative aspects of the company.

Rivalry Among Firms

The competition between businesses in the same industry to gain increased revenue, market share, and customer loyalty.