Summarize the main advantages and disadvantages of the ethnocentric, polycentric

Business & Finance
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Summarize the main advantages and disadvantages of the ethnocentric, polycentric and geocentric approaches to staffing policy? When is each approach appropriate?

Oct 4th, 2015

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Ethnocentric Staffing Policy

 advantages

  1. The expatriates bring technical and business expertise
  2. The expatriates posses a greater ability to transfer know-how from the parent to the subsidiary
  3.  Political understanding of the headquarters' organization. Thus, easier chain management
Cons
  1. Expatriates sometimes face difficulty in adjusting to international assignments
  2.  Expatriates are very expensive
  3.  High failure rate
Appropriate where the parent company's tasks and operations require control and management for the company to profit.
polycentric Staffing Policy
Advantages
  1. Supported by host country governments
  2.  moral and career opportunities of local staff is boosted
  3. They are generally less expensive
Cons
  1. Lack of international experience is sometimes a liability. Thus losses are experienced
  2. The managers experience Difficulty of coordinating the activities between headquarters and subsidiaries
 geocentric Staffing Policy 
Advantages
  1. A pool of international senior managers are created by this policy i.e. development of a network of persons with international experience and contacts across borders
  2. The tendency of international managers identification is reduced.
Cons
  1. High costs
  2. requires a highly centralized control of the staffing process for successful implementation
Please let me know if you need any clarification. I'm always happy to answer your questions.
Oct 6th, 2015

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