1) What are the major alternative staffing approaches for international operations? Explain the relative advantages of each and the conditions under which you would choose one approach over the other. a) ethnocentric staffing approach- Parent-country nationals, or people from the home country of the corporation are employed to fill key managerial positions because they are familiar with the goals, policies and procedures, technology and products of the parent company. They are in a much better position …showed first 75 words of 857 total…

…showed last 75 words of 857 total…gt;The balance sheet approach is used to compensate expatriate managers by equalizing the standard of living between the host country and the home country and to add compensation for inconvenience or qualitative loss. MNCs have to weigh the many aspects of a complete compensation package to affect a tax equalization policy. Some countries have begun to base their compensation packages toward achieving a standard of living comparable to that of the host country managers.