What Is the Difference Between an Ethnocentric and a Polycentric

question 27

Multiple Choice

What is the difference between an ethnocentric and a polycentric staffing approach?

• A) An ethnocentric staffing approach alleviates cultural myopia, while a polycentric staffing approach can lead to cultural myopia.
• B) An ethnocentric staffing approach is more expensive compared to a polycentric staffing approach.
• C) An ethnocentric staffing approach seeks host-country nationals for all key positions, while a polycentric staffing approach seeks the best people for key jobs regardless of nationality.
• D) An ethnocentric staffing approach is now used in most international businesses, while the polycentric staffing approach is on the wane.

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Definitions:

Competitive Advantage

Competitive advantage refers to the attributes that allow an organization to outperform its competitors by offering greater value to customers or operating more efficiently.

Operational Excellence

The execution of the business strategy more consistently and reliably than the competition, involving continuous improvement in processes and achieving high customer satisfaction.

Competitive Advantage

An attribute or combination of attributes that allows an organization to outperform its competitors, including cost structure, product quality, brand, customer service, or technology.

Home-Based Businesses

Enterprises that are operated from the owner's home, often utilizing online and digital tools for operations and marketing.