SHRM-CP 2021 Questions and Answers Already Passed

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SHRM-CP 2021 Questions and Answers Already Passed PESTLE ✔✔Political, Economic, Social, Technological, Legal, Environmental Globalization ✔✔web of interconnectedness or the movement of people (labor) and knowledge (technology) across borders Foreign Direct Investment (FDI) ✔✔the investment of foreign assets into domestic structures, equipment, and organizations Global Remittances ✔✔Monies sent back home by migrants working in foreign countries. Diaspora ✔✔A mass migration of a group from its homeland to multiple destinations Demographic Dichotomy ✔✔Workforce in emerging countries becoming disproportionately young, but in developing countries, aging rapidly. Reverse Innovation ✔✔Innovations created for or by emerging-economy markets and then imported to developed-economy markets. hyperconnectivity ✔✔increasing digital interconnection of people—and things—anytime and anyplace pushes and pulls ✔✔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 ✔✔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 ✔✔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 ✔✔Greater strategic control; Government policies that promote outward foreign investment; Trade agreements Turnkey Operation ✔✔An existing facility and its operations are acquired and run by the purchaser without major changes Greenfield Operation ✔✔Building a new operation from the ground up Brownfield Operation ✔✔Repurposing an existing disused facility Perlmutter's four orientations for multinational corporations ✔✔Ethnocentric, Polycentric, Regiocentric, Geocentric Ethnocentric ✔✔Headquarters maintains tight control over subsidiaries, who are expected to follow strategic pattern, values, policies, and practices expressed by headquarters; "one best way" Polycentric ✔✔Subsidiaries are allowed a large measure of independence as long as they are profitable; "many best ways" Regiocentric ✔✔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.

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