Therefore it is critical that businesses involved in outsourcing activities maintain control and oversight over their activities and redeploy when necessary. Global outsourcing not only gives beneficial to the companies and outsourcing company, but at the same time it gives benefit to the consumers in that country. Global outsourcing also remains an effective tool for business to focus on their strategic goals by reducing cost.
Human Resources are a vital department within companies, it’s not just a place to go when troubles occur, but too often they are misunderstood and underutilized. Human Resource has become a major feature of a company 's overall strategic plan because of the following; Strategies on how making the company more efficient in all areas. Meanwhile, having different training and building communication skills. In addition to, this function presented in any management helps in maximizing employee performance. By following or understanding these methods you can tell why HR has become an importance to a successful company.
Culturally skilled leaders are essential for the effective management of emerging global corporations. They should have persons in management that are capable of operating effectively in a global environment and they must be respectful of cultural diversity. In China, the conflict in management has been addressed as a major problem for the global-player, such as US and Chinese joint ventures. Joint ventures are designed to improve and eliminate misunderstanding of global-culture differences in management. Some Chinese and American companies try to adapt to one another, but it is not easy.
The always changing global business environment presents countless different challenges to those who are in charge. Business managers must utilize new organizational techniques and discover in what way to make the most efficient decisions regarding the market domestically and also at the global level. Globalization has become more common place in the business community as the barriers of communication and travel have been demolished. Consequently maintaining a consistent corporate culture through expansion has many obstacles as there are different regulations and cultural differences as a firm crosses boarders. Corporate culture is the application of a company’s mission statement, and their ability to transplant that culture from one country to another is crucial to the success of an international company.
Introduction According to Al-Emadi & Al-Asmakh (2006), global marketing ethical issues and social responsibility influence one another. They expound by indicating that when firms expand to international markets, diverse problems are experienced especially in regard to ethical and social aspects. Mishra & Suar (2010) define the wave of globalization which is enticing firms to take their businesses international. Although the process has been going on for a significant period but has now there is chance to increase market share. The dilemma of moving into an international market is grounded on the dimensions of political, economical and even cultural differences.
The human resource department is essential to the progress of an organization. When a company is equipped with a good human resource department it will tend to grow and prosper. The role of the department is to identify employees who are worthy of hiring, and knowing how to determine where they will fit into the company. Another role is that of knowing the laws, establishing company policies, monitoring benefits as well as salaries. With the ever changing economic status of the market in today's society companies must realize how the importance of having a qualified department.
Companies always face a limitation of financial resources; however, they have to keep investing in order to improve their profitability, market share and consequently the capital base. Such activities that the company does to improve the core value of their products is referred to as the core activities. As compared to the peripheral activities which add minimal value to the organization, core activities are strategic activities that provide competitive advantage for the business (Jacques, 2006). Most companies have decided to invest in the global market in order increase their market share. However, the global competition has become more complicated with the reduction of international communication and transport costs.
One could suggest that common sense tells us Human Resource Management matters. So many challenges and successes in business are due to the actions of firms' human resources, especially since service is becoming a distinguishing competitive advantage; naturally the management of such resources would be vital. Productivity, efficiency and supremacy can be attributed to human resources. In the same respect, human resources can also be to blame for idleness, incompetence and other hindrances. When prompted about the importance of HR, Kevin Wheeler, founder of Global Learning Resources, Inc. and The Future of Talent Institute, argues, “If we believe, as I do, that innovative and engaged people will be the most important raw material of future organizational and national prosperity, the answer is obviously 'yes.'
They provide the company with the competitive edge and are the most valuable asset to the company. It is therefore important for HRM to assist the company to effectively and efficiently manage its human resources and having activities that would complement and promote business growth. "... ... middle of paper ... ...nuous success of the company. Therefore, HRM is necessary to provide the overall support to ensure that the strategic aims and objectives of the company can be achieved. Reference List: 1.
Equal opportunity is the external initiated and determined through society ethnic and legislation like group parity, human right, justice and fairness. On the other hand managing diversity is internally initiated and driven through business needs (Shen & Monga, 2009, 235-251). Companies majorly focuses on increasing efficiency through complete utilisation of employee’s potential and skills. Lack of recognition of such skills including discrimination is costly. For this reason use of employees and fully recognition with diversity background relating equal opportunities is vital for business to improve efficiency and provide company with a competitive advantage (Barz & Mayhugh, 1990, pp.321-6).