Briefly Explain What Is Meant by the Terms "Endogamy" and "Exogamy

question 103

Short Answer

Briefly explain what is meant by the terms "endogamy" and "exogamy."

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Definitions:

Decentralized Decision-Making

A management strategy where decision-making authority is distributed among various levels within the organization, rather than being centralized in a single point of leadership.

Geocentric Staffing Model

An approach to staffing for international businesses that seeks the best people for key jobs throughout the organization, regardless of nationality.

Foreign Assignments

Job responsibilities assigned to employees that require relocation to a country other than their own, usually for international work experience or organizational expansion.

Compensation Packages

The combination of salary, benefits, and other forms of compensation that employees receive in exchange for their work, which can include health insurance, retirement plans, and bonuses.