Which of the following is NOT a generic approach to managing a global company?
A) ethnocentric
B) parochial
C) polycentric
D) geocentric

Question

Quizplus · Accepted Answer

Ethnocentric, polycentric, and geocentric are all generic approaches to managing a global company. Ethnocentric approach involves a centralized approach where the parent company's culture and practices prevail, and expatriates or parent country nationals are given key positions in foreign subsidiaries. Polycentric approach allows the subsidiaries' culture and practices to dominate, and there is a decentralization of operations with local recruits being given key positions in foreign subsidiaries. Geocentric approach takes a global perspective, where there is a blending of both parent and subsidiary cultures to form a unique corporate culture, and the best-suited talent gets key positions regardless of nationality, ethnicity, or culture. Parochial approach is not a generic approach; it is a narrow-minded or limited perspective that is not suitable for a global company.

Which of the Following Is NOT a Generic Approach to Managing