A polycentric attitude is the view that employees in the host country (the foreign country in which the organization is doing business) know the best work approaches and practices for running their business.
Managers with this attitude view every foreign operation as a different and difficult to understand. Thus, they’re likely to let employees in the host country figure out how best to do things.
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- Virtual organization
A temporary network of independent companies- suppliers, customer, subcontractors, and even competitors- linked primarily by information technology to share skills, access to markets, and costs.
- Standing plans
Standing plans are ongoing plans that provide guidance for activities performed repeatedly. Standing plans include policies, rules, and procedures.
- Organizational performance
Organizational performance- the accumulated results of all the work activities in the organization. It’s a multifaceted concept, but managers
Goals are desired outcomes or targets. They guide management decisions and form the criteria against which work results are measured. That’s why they’re often called the foundation of planning.
Every organization has people, and a manager’s job is to work with and through people to accomplish goals. This is the leading function. When managers motivate subordinates, help resolve work gr
- Substitute Products
By placing a ceiling on the prices it can charge, substitute products or services limit the potential of an industry.Unless it can upgrade the quality of the product or differentiate it somehow, the industry will suffer in earnings and possibly in growth.
- Basic corrective action
Basic corrective action that looks at how and why performance deviated before correcting the source of deviation. It’s not unusual for