myz-vgb.ru A Business Encyclopedia

Regiocentric Approach

Definition: The Regiocentric Approach is an international recruitment method wherein the managers are selected from different countries lying within the geographic region of business.

In other words, the managers are selected from within the region of the world that closely resembles the host country.

Regiocentric Approach

Advantages of Regiocentric Approach

  1. Culture fit, i.e. the managers from the same region as that of the host country may not encounter any problem with respect to the culture and the language followed there.
  2. Less cost is incurred in hiring the natives of the host country.
  3. The managers work well in all the neighboring countries within the geographic region of the business.
  4. The nationals of host country can better influence the decision of managers at headquarters with respect to the entire region.

Disadvantages of Regiocentric Approach

  1. The managers in different regions may not understand the viewpoint of the managers employed at the headquarters.
  2. There could be a communication barrier because of different languages.
  3. The manager selected from a particular region may lack the international experience.
  4. It may lead to the confusion between the regional objectives and the global objectives. The regional managers may only focus on accomplishing the regional targets and may oversee the impact on the firm as a whole.

The rationale behind the Regiocentric Approach is that the person belonging to the same region as that of the host country is well versed in the language and the culture that prevails there and would better understand the problems that arise in the market, as compared to the foreign counterparts.

Leave a Reply

Your email address will not be published. Required fields are marked *

Shares

Related pages


what is correlational analysiscyclical economics definitionoutbound synonymsrevenue deficit vs fiscal deficitcompensation ppt in hrmmm approach of dividend policyprinciples of management by henri fayolsbi bank kioskscatter diagramsexamples of physiological barriersdefine collusive oligopolymeaning of ethnocentric approachreferrant powerdefinition of nonverbalslr ratiodefinition eftemployee pf contributiongdp gnp nnp national incometheory of collective bargainingthe new managerial gridwhat is a oligopoly in economicsdeficit in hindiexamples of seasonal unemploymentdefinition of irrcause of cost push inflationhedging in forward marketoperant conditionwhat is an autocratic leadership styleansoff martixexplain likert scalehrm meaningtheories of dividend decisiontrait apprehensionmarketing research questionnaire designmonetary theory of inflationmeaning of sunk costchit fund definitioninstrumentality theory of motivationreinforcement theory by bf skinnertotal enumeration sampling definitionexplain elasticity of demandoligopoly advertisingapplication of administrative management theory7cs communicationprofit economics definitiondefine divestureexpectancy valence theoryasset management ratio definitionchronic unemployment definitionintrapreneurial marketingblake and mouton managerial grid pptdefine bureaucratic theorywhat is retailing definitionwhat is a preliminary interviewmotivation theory by herzbergjoseph a schumpetercobb meaningemployer pfbackward integration example companyblake and mouton's leadership gridwhat is meant by bprstratify defstrategic benchmarking definitiondefinition of partnership firmmarket mix definitiontruncating definitionvague means in hindisales force automation definitiondefinition ethnocentricdefinition of autocratic leadership stylewhat is sealed bid pricing