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The Performance of Expatriates in Multinational Organizations
An expatriate is defined as an individual living in a foreign nation working in a foreign nation. With the rise of global multinationals there has been a corresponding rise in the number of expatriate workers (“Expatriate,” 2018). There are many reasons that individuals might wish to work and live abroad, including the desire to experience a new culture and career advancement. Multinationals can benefit by sending trusted and experienced workers with experience in the company culture into emerging markets. If the expatriate has a personal connection to the emerging market (for example, personal knowledge of the government structure and culture), this may ease the ability of the company to effectively break into the marketplace. But integrating one’s self into the emerging market is not always easy for the expat.
Strategies to Improve Performance of Expatriates
Expatriates, regardless of their familiarity with the culture of the emerging nation, need a full orientation into the process of doing business there, including any potential red tape and bureaucracy they may encounter, in contrast to how they are familiar to doing business at home. Even a worker who comes from the culture of the emerging nature by birth may...
For example, in India, bribery is often an accepted way of life and cost of doing business, even though it is considered unethical in the United States. Even if the company is not prepared to do business in such a manner, it must prepare it workers for such offers as “…any company operating in India – domestic or foreign – is vulnerable to these often socially-acceptable practices and they have real power to facilitate or conceal serious malpractice” (Owen, 2015, par.6). This is not simply true of India, but also China and many other emerging nations.
Factors Influencing Expatriate Performance
A familiarity with the foreign nation’s culture, and preferably its language, is an undeniable asset to cultural integration for the expatriate. But this is not always possible to find in a pool of typical workers. What can be leveraged, however, is intellectual curiosity about going abroad combined with a flexible and open-minded outlook. “They assign international posts to individuals who not only have the necessary technical skills but also have indicated that they would be likely to live comfortably in different cultures” (Black & Gregersen, 1999, par.13). Companies frequently engage in extensive…
Bibliography
Black, J. & Gregersen, H. 1999. The right way to manage expatriates. HBR. Accessed 15 Jul 2018. https://hbr.org/1999/03/the-right-way-to-manage-expatshttps://hbr.org/1999/03/the- right-way-to-manage-expats
Expatriate. 2018. Investopedia. Accessed 15 Jul 2018. https://www.investopedia.com/terms/e/expatriate.asp
Flannery, R. 2017. Starbucks makes its biggest acquisition buying China JV stakes for 1.3b.
Forbes. Accessed 15 Jul 2015. https://www.forbes.com/sites/russellflannery/2017/07/27/starbucks-makes-its-biggest- acquisition-buying-china-jv-stakes-for-1-3b/#719ceeb14386
Owen, J. 2014. India’s corruption culture: A dangerous game for businesses. Forbes. Accessed 15 Jul 2015. https://www.forbes.com/sites/riskmap/2014/06/25/indias-corruption-culture- a-dangerous-game-for-businesses/#aa0094513349
Organizations with administrative offices in the United States of America, China, Japan, and other regions of the world have set up operation bases in foreign nations. These organizations have various interest in oversees countries. Some of these interests include provision of security services, infrastructure development and provision of aid. The functions of these organizations are to satisfy foreign policies of nations. With emphasis on the United States of America,
If this is possible, it would be useful and relevant to correlate the financial results of each year with the inflation levels. Generally, if the evolution is a positive one and the results of the foreign company increased, then it can be formed an intermediary conclusion that the expatriates are effective in generating financial results. Yet, in order to make the final decision and assess the very effectiveness of the
Human resource is a function in companies that are designed to maximize the performance of employees in line with strategies that are stipulated by the employers. It is focused on how employees are managed within the companies focusing on systems and policies (Collings & Wood, 2009). The human resource units and departments are responsible for activities such as employee development, recruitment and training, rewarding and performance appraisal. This essay endeavors
Organization Behavior Strategic Management of Human Resources Human resource is considered as the most precious asset for business organizations. The financial performance and growth in the industry heavily depends upon the way an organization's employees perform at the workplace (Edwards 2003). A dedicated and committed workforce contributes towards a high level of operational excellence and market competitiveness. Therefore, it should be among the top priorities for an organization to manage its human
Expatriate Managers Analysis of Expatriate Management Successes and Failures There are many factors that need to be considered when assigning a manager into an expatriate role. Of the many factors that most often lead to success, Emotional Intelligence (EI), transformational leadership, cultural awareness and the ability to adjust to a foreign culture and attain productivity and performance quickly (Baliga, Baker, 1985). Ultimately the four major determinants of expatriate performance include technical skills
Expatriate Training please transfer this order to "heatherk13." THANKS.. It a research paper regard HR DEVELOPMENT. Subject: Expatriate training. -> You mention; -Cultural issues -Social issues -Family issues expatriate training. Expatriate training Expatriates face many challenges when they move to a foreign country. They need to be prepared both psychologically and mentally to ensure they will manage to handle the challenges they will encounter on their foreign assignment. Many employers nowadays will provide