challenges faced by international management

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“Today, we do not live in a civilization, we live in a ‘globalisation’ – with a globalisation of resources, a globalisation of business activity and a globalisation of humanity” (Schermerhorn et al., 2014, p. 151). This large scale societal evolution of the global economy of late has resulted in the need for managers to possess a transnational outlook, be competent in working with other cultures, be more informed of international developments (Schermerhorn et al., 2014, p. 90), as well as be able to successfully manage the expansion of their firm into international territories by respecting the culture of the host country, and through the use of expatriates. These are employees who live and work in foreign countries on short-term or long-term assignments and, as a result, gain valuable international and corporate experience (Chew & Debowski, 2008, p. 4). Globalisation signifies the “interdependence of resource flows, product markets and business competition” (Schermerhorn et al., 2014, p. 89) on a global scale. The expansion of international corporations into uncharted competitive territories has brought managers of these MNCs to face a vast number of greater challenges than before, such as problems that arise from managing expatriates and repatriates, management across cultures, managing cultural diversity, the transference of knowledge across cultures, and the need for alterations to the existing management practices. This essay will further examine the aforementioned challenges that managers are required to surmount to succeed in today’s global economy. The global success of a company is often attributed to its expatriates (Schermerhorn et al., 2014, p. 111), yet the policies in place are ineffective in providing support and d... ... middle of paper ... ...2008). Developing an Effective Repatriation Strategy for MNC: A Model and Tools for International Human Resource Management. Journal of Comparative International Management, 11(2), 3-21. Combs, G.M., Nadkarni, S., & Combs, M.W. (2002). Implementing affirmative action plans in multinational corporations. Organizational Dynamics, 34(4), 346-360. McPhail, R., Fisher, R., Harvey, M., & Moeller, M. (2012). Staffing the Global Organization: “Cultural nomads”. Human Resource Development Quarterly, 23(2), 259-276. de Pablos, P. (2004). Knowledge flow transfers in multinational corporations: knowledge properties and implications for management. Journal of Knowledge Management, 8(6), 105-116 Schermerhorn, R., Davidson, P., Poole, D., Woods, P., Simon, A. & McBarron, E. (2014). Management (5th Asia Pacific Edition). Australia: John Wiley & Sons Australia, Ltd
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