Module Tutor : Md. Sajjad Hosain Week : ! "ecture No. : # "ecture To$ic : Glo%ali&ation and Career Management ''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''' Glo%ali&ation Globalization is the tendency of the firms going more and more outside national boundaries. Basically, the companies going global because of three main reasons- 1. To search for new market for the products and services. . To utilize the cheap labour force and natural resources of the other countries, and !. To get the foreign e"pertise of new technology. The typical e"ample of firms going global is #epsi, $oca $ola and %c&onalds. 'll of the three companies has a huge market share outside ()' though they have the () origin. ()$atriation *"patriation is the term used for employees who are send to a foreign country having an assignment for the firm. +or e"ample, a senior ,- manager of a large multinational firm could be send to take over the charge of a foreign branch. The main causes for the e"patriation are as follows- 1. .ack of e"pertise not found in that particular area. . To keep the control of the centre. !. To rotate the employees to make them skilled. Host'Countr* Nationals+HCN,- .arent'Countr* Nationals+.CN, and T/ird' Countr* Nationals+TCN, ,ost-country nationals/,$01 are the citizens of the country where the firm is operating. +or e"ample, if a British firm/Gla"o)mith2line1 has a branch in Bangladesh, and it has an employee from the same country/Bangladesh1, then the employee is a host-country national. #arent-country nationals/#$01 are the citizens of the country in which the multinational firm has its head3uarter. +or e"ample, if an 'merican firm has a branch in &ubai/%organ +o"1, and the firm employs an staff from 'merica, then the employee is a parent-country national. Third-country nationals/T$01 are the citizens of a country other than the host or parent country. +or e"ample, if a &utch firm/)hell1 has a branch in $hina, and it employs an staff from -ussia, then that staff is a third-country national. 011s/oring 4ffshoring is an important international staffing issue. 5t means having local employees abroad do 6obs that the firm7s domestic employees previously did in-house. W/* ()$atriate 2ssignments 3ail4 -esearchers are trying for a long time to find out the reason why most of the international e"patriation fail/around 89:1. Though there is not still any consistent agreement why most of the e"patriate assignment fail, some reasons are obvious. They are listed below- Cultural 5i11erence; $ulture is a very important factor for a firm and it has to ad6ust or compromise if operating in a foreign land. 5t has been evident that most of the foreign e"patriates failed to understand the foreign culture and subse3uently unsuccessful. 3amil* .ressures; 'n e"patriate with his spouse feels very lonely when they transferred abroad. 5t is difficult to make close friends, a good environment to pass the spare time. 's a result, there is a feeling of gloominess among the families and it reflects into the 6ob. 0t/er 6ssues; 'mong other issues, lack of technical skill, political instability, lack of motivation etc. can be noted as the causes of e"patriate assignments failure. W/at em$lo*ers can do 1or t/e e)$atriates $onsidering the above reasons for e"patriates failure, employers might take the following steps to reduce the reasons that causes the failure. - To compensate the e"patriate appropriately. - To pay for e"tra living cost abroad. - To facilitate 6ob for the e"patriate spouse. - Train the e"patriate properly about the foreign culture. - To send only those employees in foreign mission who are interested. - 'ccommodate the e"patriates when they are back home. Re$atriation -epatriation is the process of taking back of the e"patriates when their mission is complete.