What Is the Difference Between a Polycentric and a Geocentric

question 113

Essay

What is the difference between a polycentric and a geocentric approach to international management? How can managers ensure that HRM practices match a culture's value system when an employer uses one of these staffing approaches?

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Definitions:

Accounts Receivable

The amounts owed to a business by its customers for sales made on credit, considered a current asset on the balance sheet.

Accounts Payable

Obligations of a business to settle short-term debt with creditors or suppliers.

Capital Gain/Loss

The increase (gain) or decrease (loss) in the value of an investment or property from its purchase price.

Depreciation Life

The estimated period over which a tangible asset is expected to be used in business operations, for the purpose of calculating depreciation.