An ethnocentric attitude is the parochialistic belief that the best work approaches and practices are those of the home country (the country in which the company’s main offices are located).
Managers with an ethnocentric attitude believe that people in foreign countries don’t have the needed skills, expertise, knowledge, or experience to make the best business decisions, as people in the home, country do. They don’t trust foreign employees with key decisions or technology.
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- Multidomestic Corporation
Multidomestic Corporation, which decentralizes management and other decisions to the local country.
The basis on which jobs are grouped together, is called departmentalization. There are five common forms of
- Multidomestic Industries
An industry in which competition is segmented from country to country.Thus, even if global corporations are in the industry, competition in one country is depend of competition in other countries.
- Special alert control
Management actions undertaken to thoroughly, and often very rapidly, reconsider a firm’s strategy because of a sudden, unexpected event .
- Verbal intonation
Verbal intonation refers to the emphasis someone gives to words or phrases that conveys meaning.
- Mass production
The production of items in large batches, is called mass production.
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