Discuss the Differences Between Ethnocentric,polycentric,and Geocentric Approaches to Staffing for International

question 111

Essay

Discuss the differences between ethnocentric,polycentric,and geocentric approaches to staffing for international businesses.What is the rationale behind each of these approaches?

---

Definitions:

Discount Rate

In the context of discounted cash flow analysis, it's the rate used to determine the present market value of anticipated cash flows.

Payments

The transfer of money, or its equivalent, from one party to another as a fulfillment of an obligation or for the purchase of goods or services.

Yearly

Relating to or happening every year; annual.

Borrow

The act of receiving something with the intention of returning it or its equivalent to the owner at a later date.