what are polycentric ethenocentric and geocentric solutions? plz explain breifly.
Polycentric solutions are those solutions based on the political orientation of the country or company. They reflect aims and objectives of the host countries with respect to various management strategies and planning procedures with regard to international operations. Ethenocentric solutions are connected with ethnicity. The ethnocentric attitude is defined as the dominant position of various countries nationals, more trustworthy and more reliable than their foreign counterparts. Geocentric solutions are based on geography. They determine the significance of doing whatever it takes to better serve the organization. The purpose of this is to set up an organization in which the subsidiary is not only a good citizen of the host nation but is a leading exporter from this nation in the international community.