Inter-national Business 12th Edition

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Anonymous
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78916
Filename:
Inter-national Business 12th Edition
Updated:
2011-04-11 17:06:55
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Vocabulary
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Chapter 19
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  1. allowances
    Employee compensation payments added to base salaries because of higher expenses encountered when living abroad
  2. bonuses
    Expatriate employee compensation payments in addition to base salaries and allowances because of hardship, inconvenience, or danger
  3. compensation packages
    For expatriate employees, packages that can incorporate many types of payments or reimbursements and must take into consideration exchange rates and inflation
  4. ethnocentric
    As used here, related to hiring and promoting employees on the basis of the parent company’s home country frame of reference
  5. expatriate
    A person living outside his or her country of citizenship
  6. geocentric
    As used here, related to hiring and promoting employees on the basis of ability and experience without considering race or citizenship
  7. global mind-set
    A mind-set that combines an openness to and an awareness of diversity across markets and cultures with a propensity and ability to synthesize across this diversity
  8. home-country national
    Same as parent-country national
  9. host-country national (HCN)
    Employee who is a citizen of the nation in which the subsidiary is operating, which is different from the parent company’s home nation
  10. host-country national (HCN)
    Employee who is a citizen of the nation in which the subsidiary is operating, which is different from the parent company’s home nation
  11. international status
    Entitles the expatriate employee to all the allowances and bonuses applicable to the place of residence and employment
  12. language trap
    A situation in which a person doing international business can speak only his or her home language
  13. parent-country national (PCNs)
    Employee who is a citizen of the nation in which the parent company is headquartered; also called home country national
  14. polycentric
    As used here, related to hiring and promoting employees on the basis of the specific local context in which the subsidiary operates
  15. regiocentric
    As used here, related to hiring and promoting employees on the basis of the specific regional context in which the subsidiary operates
  16. third-country national (TCN)
    Employee who is a citizen of neither the parent company nation nor the host country

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