Final answer:
The strategy not aimed at minimizing the self-reference criterion is engaging in foreign exchange restrictions, as it pertains to financial policies rather than cultural sensitivity or ethnocentrism.
Step-by-step explanation:
The strategy that is NOT an example of a strategy used specifically to minimize the effect of the self-reference criterion is engaging in foreign exchange restrictions. The self-reference criterion refers to the tendency of individuals to use their own culture as the standard for judging other cultures. This can lead to misunderstandings and ineffective business practices in international settings. To counteract this, companies may employ various strategies, such as:
- Teaching expatriates to avoid limiting their personal interactions to own-country nationals, thus encouraging them to immerse themselves in the local culture.
- Selecting appropriate personnel who have the ability to adapt to new cultures and can handle the challenges of working abroad sensitively.
- Training expatriates to be sensitive to the local culture, which includes understanding local customs, languages, and business practices.
On the other hand, foreign exchange restrictions are related to financial policies and regulations, not to cultural sensitivity or the mitigation of ethnocentrism.