Question reviews
An expatriate is someone who is hired by a company and moves to a foreign country to manage one of the company’s branches. The person is hired when the company does not find a qualified person to carry out the same job from the same country. There are advantages and disadvantages of hiring expatriates.
Expatriates are more likely to have a higher output quality than the local employees. Local employees may not be familiar with the company’s tradition. Expatriates are more likely to train new employees in a better way. The local country may also have a small pool of talent and technical prowess. Knowledge of the software used by one’s company may be rare and hiring a local who is good at it may be more expensive. Finally, the output standard that one expects from the manager should be according to the level of their country (Wild, Kenneth, and Han 56).
On the other hand, expats may be problematic. One has to cover many expenses after hiring them. They include travel expenses, visa issues, relocation allowances and covering tax differentials. Expats also have a high burnout rate since they have to deal with the stress of being away from their friends and family.
Multinational personnel
In the development of a multinational personal, there are various aspects that one should consider. Firstly, one should consider an individual case study. The standard policy ensures that same selection standard is observed in all offices and employees hired are of the same quality. The in-house HR can also analyse the information validity and analyse the outcomes statistically. A panel interview may also be useful. One has to hire a panel to observe the applicants and also one may be forced to hire psychologists as part of the panel. The disadvantage is that the company may incur high expenses in the interviewing procedure. Finally, references are a useful source of information. References may include former employers or supervisors. However, they may present challenges since some people are concerned about imposters (Wild, Kenneth, and Jerry 45).
Price fixing
Private investors may sometimes come together and agree on a price of a particular commodity. However, in most cases it is not allowed in the local markets. It may be because they may be looking for a way to manipulate the market to enable them to get higher profits. This may cause inflation and thus make the economy worse. Governments often intervene and dictate the price to make it cheaper for citizens and thus improve the quality of life. Governments often intervene to prevent the marketers and company owners from exploiting the consumers, thus controlling inflation.
Shortage of hard currency
When there is a shortage or currency, the government may decide to devalue their currency. Shortage of currency may also force the importers to under invoice the commodities they import (Reinhart 575).
Negotiation tactics
Negotiation manipulation
The use of extreme offers is one that is used. For a seller, one asks far more than what is expected, and the buyer offers far less than what is expected. The intention of the tactic is to lower the expectations and, therefore, gaining concession without making one in return. Negotiation nibble is a tactic where one party introduces something new when the deal is almost done. Often there is an urge to sign to get the deal done quickly. One should always investigate the motive behind such suggestions. Mandated authority is used in some cases. Some decisions cannot go through if the higher authority has not approved. However, one may manipulate the lower level negotiate and convince him or her to make them influence their boss (Jennings 210).
Work cited
Jennings, Nicholas R., et al. "Automated negotiation: prospects, methods and challenges." Group Decision and Negotiation 10.2 (2001): 199-215.
Reinhart, Carmen M., and Kenneth S. Rogoff. "Growth in a time of debt (digest summary)." American Economic Review 100.2 (2010): 573-578.
Wild, John, Kenneth L. Wild, and Jerry CY Han. International business. Pearson Education Limited, 2014.
