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Influences of International Human Resource Management
Influences of International Human Resource Management
How does Maslow's theory of motivation ensure success for all businesses
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International Business journal assignment
Globalization
Relates to the increased international competitiveness as a direct consequence of the size if the market increasing all the time. Australian business must be ale to compete in a world scale. It involves corporations planning their production processes so that each specialized subdivision of the whole process is carried out in a country where conditions are particularly favourable for that type of work.
This has all lead to the lowering the tariffs imposed on countries to protect their local markets. All theses beliefs the consumers greatly because now they have the chose to purchase more products made in foreign countries cheaper. However, there being the positive impact of globalisation, there is also a negative influence brought by globalisation. For starters, here in Australia, the local producers and manufacturers must find a new and efficient method to do business or face being over whelmed by foreign investors.
As an overview, globalisation in general is a positive thing. The moving of economies from competing on a local basis, to embracing and competing on a world market situates the evaluation of trade.
Culture
Culture: Culture, in sociology is the beliefs, behaviour, language, philosophical trends and entire way of life of a particular group of people at a particular time. Culture includes customs, ceremonies, and works of art, inventions, technology, and traditions.
In corporate culture, it can be best described as the shared values and beliefs held by the people in the organisation that unite it and keep it together. These values and beliefs are evident through the rituals, knowledge, myths, language, assumptions and attitudes that exist. It is the sharing of these beliefs that gives the organisation its distinctive characteristics
HRM (Human Reassures Management)
What is HRM: human resources management is the managing of the company's employees and staff. To firms human resources are arguably their most important assets. And if these assets can be managed effectively then the organisation would be successful in reaching its objectives.
To effectively manage these resources HR managers must focus on the motivation of their employees; by using Meslows theory of motivation and providing employees with a sense of belonging then an organisation can effectively reach its objectives.
Market entry
To enter a different market overseas an MNE can use various methods. An MNE can directly invest in another country's facilities this is known as and FDI.
Human resources management is defined as, the [process of evaluating the needs of a business or organization with regards to employees, especially in hiring, recruiting, motivating and compensating employees.1 One of the major roles of this function involves
Culture is a very broad concept, including the beliefs, values, and lifestyles of people. It is an integrated pattern of human knowledge, belief, and behavior. It is also the customary beliefs, social forms, and material traits of a racial, religious, or social group.
“Probably the most cited perspective on corporate culture is that of Schein (1985). He defines culture as having three levels. The most visible, but most superficial, level is that of culture as a pattern of behavior. It is ‘the way things are done around here,’ the norms, the stories, the symbols. These behavioral patterns reflect a second, deeper, level of culture, which are the firm’s shared values. Shared values are, on their turn, driven by the third and most fundamental level of culture: shared assumptions” (Van den Steen, 7).
In conclusion, the idea of globalisation, the process where companies develop themselves internationally is one of the current issues of our generation. Globalisation has been caused because of many factors, such as reduced protection, the reduction of tariffs and quotas and new developments in information and transportation technology. Consequently these factors that cause the globalisation of Australian businesses also result in many costs and benefits. The key costs and benefits are free trade, the result of removing trade barriers and the environmental costs that are caused by pollution from factories. Overall, a positive outcome will arise if the globalisation of Australian business continues.
Human Resource Management is the utilization of human resources to achieve organizational objectives. Various studies have concluded that an organization?s human resources is its people. It can be a significant source of competitive advantage. Achieving competitive success through people requires a fundamental change in how managers think about an organization workforce and how they view the work relationship.
Human Resource Management is the management process of an organization's workforce, or human resources. It is responsible for the assessment, attraction, rewarding, selection, and training of employees, while also overseeing organizational culture and leadership and ensuring compliance with employment and labor laws ("Human resource management," 2014). Human Resources is the set of individuals who make up the workforce of a business sector, economy or an organization. There are five items on the strategic plan that are the responsibility of Human Resource Management:
One of the sociological concept that we saw in here was culture. In a sociological way culture exists in humanity in three dimensions that are; Ideas, norms and material culture. Ideas means what people think. Norms are the ideas that people should believe. Finally, material culture is what people created. We saw culture when the parents did not want their kids to lose their culture. Immigrant parents used to cook food from their culture to keep their culture
Culture is the practices and values shared by a group of people. Companies that have good cultures attract good people. The company culture should be one of inclusion and participation. The culture should be one that welcomes diversity and one that values the opinions of their employees.
Culture can be defined as “A pattern of basic assumptions invented, discovered or developed by a given group as it learns to cope with its problems of external adaptation and internal integration that has worked well enough to be considered valid, and therefore to be taught to the new members as the correct way to perceive, think and feel in relation to those problems”. Schein (1988). Organizational culture can be defined as a system of shared beliefs and values that develops within an organization and guides the behavior of its members. It includes routine behaviors, norms, dominant values, and feelings or climates. The purpose and function of this culture is to help foster internal integration, bring staff members from all levels of the organization closer together, and enhance their performance.
Globalization can be both advantageous and detrimental to developing countries. Some of its advantages are increased external finance, improved technology and political conformism. Disadvantages of globalization include death of small and medium businesses, loss of cultural identity and the effect of foreign policies on domestic economic development. Let us take a closer look at these consequences of globalization.
It is widely accepted that there are a lot of benefits globalization brought to our life. Firstly, advanced transportation system makes different places of the world closer. Considerable amount of exciting tourists can visit remote villages in the corner of the earth. Secondly, new telecommunication, such as internet and TV, makes people’s common life colorful. Fans in China who are interested in Manchester United can also share their joy with their counterparts in United Kingdom, when the team won a game. Moreover, we can buy the popular products of high quality made in other countries, such as automobiles of Volkswagen and furniture of IKEA. Finally, globalization can lead to cooperation in trade between different countries. Even though globalization can bring so many conveniences to us, we still worry about its severe negative aspects.
... policies. People will continue to suffer in silence because of the world’s greed. So, while we enjoy our cheaply made goods and over consume the planet into demise, we never know of choose not to know the pain that went into the productions of those goods. Globalization may be championed as a gateway to financial growth for all nations, but only certain nations benefit from it. Global trading and integration has a negative effect on undeveloped nations and developed nations in many ways including; political systems, sovereignty, economy, way of life and much more. Earlier in the essay I asked ‘do the pros outweigh the cons when it comes to globalization’ and from my research I don’t see any real benefit. I don’t believe we should eliminate global business, but better the already lacking regulations and probably increase the standard of living equally for the world.
Human Resource Management (HRM) can be defined as “the set of programs, functions, and activities designed and performed in order to capitalize on both employee as well as organizational effectiveness. It is a management function that helps organization in recruiting, selecting, and training, developing and managing
Human Resource Management (HRM) is fundamentally another name for personnel management. It is the process of making sure the employees are as creative as they can be. HRM is a way of grouping the range of activities associated with managing people that are variously categorised under employee relations, industrial/labour relations, personnel management and organisational behaviour. Many academic departments where research and teaching in all these areas take place have adopted the title department of human resources management. HRM is a coordinated approach to managing people that seeks to integrate the various personnel activates so that they are compatible with each other. Therefore the key areas of employee resourcing, employee development, employee reward and employee involvement are considered to be interrelated. Policy-making and procedures in one of these areas will have an impact on other areas, therefore human resources management is an approach that takes a holistic view and considers how various areas can be integrated.
The process of globalization allows the global market to include products and services from all the companies around the world, including all the investments that are across national borders. Indeed, many American companies have taken their merchandise, manufacturing and services to invest in other countries. However, this has produced a negative effect on the global economy. American companies who invest in other countries produce an economic deficiency for the country, similarly companies that invest in other countries produce a loss in the global economy that affects the citizens of the whole world.