SHRM-CP QUESTIONS & ANSWERS 2023/2024 UPDATE | RATED A+

SHRM-CP QUESTIONS & ANSWERS 2023/2024 UPDATE | RATED A+ SHRM-CP QUESTIONS & ANSWERS 2023/2024 UPDATE | RATED A+ PESTLE - Answer Political, Economic, Social, Technological, Legal, Environmental Globalization - Answer web of interconnectedness or the movement of people (labor) and knowledge (technology) across borders Foreign Direct Investment (FDI) - Answer the investment of foreign assets into domestic structures, equipment, and organizations Global Remittances - Answer Monies sent back home by migrants working in foreign countries. Diaspora - Answer A mass migration of a group from its homeland to multiple destinations Demographic Dichotomy - Answer Workforce in emerging countries becoming disproportionately young, but in developing countries, aging rapidly. Reverse Innovation - Answer Innovations created for or by emerging-economy markets and then imported to developed-economy markets. hyperconnectivity - Answer increasing digital interconnection of people—and things—anytime and anyplace pushes and pulls - Answer Organizations have been pushed toward globalization in reaction to changes in the business environment. They have been pulled toward change through the promise of achieving greater organizational value through globalization. globalization push factors - Answer A need for new markets; Increased cost pressures and competition; Shortfalls in natural resources and talent supply; Government policies; Trade agreements; A globalized supply chain tax inversion, aka expatriation - Answer seeking to avoid higher corporation taxation rates by acquiring foreign-based competitors and then moving headquarters to their acquisition's home base globalization pull factors - Answer Greater strategic control; Government policies that promote outward foreign investment; Trade agreements Turnkey Operation - Answer An existing facility and its operations are acquired and run by the purchaser without major changes Greenfield Operation - Answer Building a new operation from the ground up Brownfield Operation - Answer Repurposing an existing disused facility Perlmutter's four orientations for multinational corporations - Answer Ethnocentric, Polycentric, Regiocentric, Geocentric Ethnocentric - Answer Headquarters maintains tight control over subsidiaries, who are expected to follow strategic pattern, values, policies, and practices expressed by headquarters; "one best way" Polycentric - Answer Subsidiaries are allowed a large measure of independence as long as they are profitable; "many best ways" Regiocentric - Answer Subsidiaries are grouped into regions (Such as North America, Europe and Asia Pacific) Communication and coordination are high within the region but not as high between the region and headquarters. Geocentric - Answer Subsidiaries are neither satellites taking orders nor independent bodies setting their own course. Headquarters and subsidiaries are participants in a network, each contributing to its unique expertise; "a team way" global integration and local responsiveness - Answer Organizational continuum strategies to meet the needs of customers and expand their growth opportunities. global integration - Answer Emphasizes consistency of approach, standardization of processes, and a common corporate culture across global operations local responsiveness - Answer Emphasizes adapting to the needs of local markets and allows subsidiaries to develop unique products, structures, and systems. Market, Cost, Governmental, Competitive - Answer Four drivers that determine an organization's choice of whether to emphasize global integration or local responsiveness Assignees - Answer Employees who work outside their home countries. Global, Transnational, International, Mulitdomestic - Answer Matrix that describes ways in which an organization can combine GI and LR elements into a single globalization strategy