Assess the role of International Human Resource Management in companies globalizing their businesses
Mariam Peyton is a professional Financial Analyst. She holds a Masters degree in Economics. She specialises in financial analysis and forecasting. Her expertise includes studying the financial performance of companies, markets and entire industries looking for trends, insights and information that can help you glean rich insights for use in academic and market research.
Latest posts by Mariam Peyton (see all)
The aim of the research was to assess the role and methods of International Human Resource Management to companies. Currently, the global economy has greatly been integrated internationally as a result of globalization. Several business are growing their markets internationally so as to increase their presence and later their productivity with the first stage they experience being the revolutionary stage. There is no doubt that for an organisation to be successful and have an effective competitive advantage, it ought to employ effective human resource management. Human Resource Management refers to the strategic approach used in procuring, developing, and maintaining a highly skilled workforce so as to effectively attain the goals of an organization through a distinctive set of integrated employment policies, programs, and practices. Effective human resource management is also a determinant of the organization’s performance in various aspects. Accordingly, for a multinational corporation to survive in a critical global economic market, it must have a capable international human resource management in the process of internationalizing the organisation. What is meant by international human resource management? International HRM refers to all the Human Resource practices and activities involved in the management of a global workforce. Basically international human resource management is mandated to ensure that an organisation gains success in other regions it is trying to venture into. Among the various roles of international human resource management to companies that are globalizing their business and these include efficiently handling and directing human resources in order to achieve set organizational goals, managing organizational performance among so many other to be addressed in the following sections of this study.
HARVARD
Citation Here
Citation Here
APA
Citation Here
MLA
Citation Here
CHICAGO
Citation Here
the role of International Human Resource Management in the internationalization process of Companies: a Case Study
Key Learning Outcomes
By the end of the case, students should be able to:
- Understand what is meant by International Human Resource Management (IHRM), the various methods, and how it impacts the growth and development of international organizations.
- Understand the role IHRM plays in companies that are internationalizing their businesses.
- Understand the link between International Human Resource Management and competitive advantage in the internationalization process.
1.0 INTRODUCTION
What is meant by International Human Resource Management? IHRM refers to all the Human Resource practices and activities involved in the management of a global workforce. In essence, international human resource management is mandated to ensure that an organization gains success in its global ventures. IHRM is concerned with four major activities namely; recruitment and selection, training and development, compensation, and repatriation of expatriates.
What are the main approaches to international human resource management? Common methods include; Ethnocentricism, Polycentricism, and the Geocentric Approach. These approaches help to describe how organizations manage their human resources and global subsidiaries (Michailova et 2017).
The Ethnocentric Approach is where an organization’s strategic decisions and management practices are made by the parent organization and later transferred to the subsidiaries.
The Polycentric Approach is one where local managers are given the freedom to come up with their own management practices that they consider appropriate for the subsidiary.
The Geocentric Approach is where an organization is bound to develop a global-implemented Human resource management strategy.
What is the internationalization process? It is the process through which a company decides to branch out to foreign markets in order to increase its market share. Among the reasons why companies opt for this process is to achieve organizational growth through attaining a foreign customer base, improve profitability, and increase competitiveness through a global presence that boosts the boosts company’s reputation among others which will be discussed in detail.
What is the role of international human resource management in companies globalizing/internationalizing their businesses? IHRM usually deals with the recruiting, interviewing, hiring, training, and developing of employees that are needed by businesses to achieve their set business goals and objectives. They also create policies and procedures that ensure a reasonable, safe, and productive workplace.
Cancel anytime…right from your account dashboard
NOT YET READY TO SUBSCRIBE? Try our other options below
Get a personalized on-demand assignment fast **
Purchase This Assignment On Demand
100% original custom written assignment
Zero plagiarism (checked via Copyscape)
Harvard/APA/AMA referencing
3250 words-(13 pages)
Price: £ 204.75
Services We are Offering
We are more than a free study and revision tool.
We also provide
on demand research and custom writing services.
123 Writing is the #1 exam revision and assignment study platform in the UK.
Get unlimited access to answered student essays, assignments, past exam questions and sample coursework written by qualified academic writers & tutors.
Our Standard subscription typically retails for £299.88 a year.
Today, you can join at 80% discount.
Here’s a full breakdown of everything you get as a Standard or Premium subscriber...
» Get access to our database of more than 5,770 answered premium strategy case studies
Get unlimited access to a robust database of premium business strategy case studies including more than 5,770 fully answered sample strategy frameworks and tools such as pestle, value chain, value matrix, porters five forces, Ansoff’s matrix, etc., authoritatively written and tailored for student revision, assignment preparation and transformative business research. Our strategy case studies are especially suited for university students wishing to apply strategic frameworks to real-world situations, company cases or simulations. All our strategy case studies come with teaching notes and learning outcomes, making them effective as coursework revision, and essay study help tools.
» Free access to past exam & assignment answers
Revise and prepare for exams and coursework with our fully answered exam notes and sample assignment papers. Furthermore, get quick on-demand answers to past exam question and assignment questions from our writers. Exam answer notes come with personalized lesson plans, and detailed study notes complete with detailed explanations of each answer, for maximum exam revision and assignment preparation. This tool is perfect for readers struggling with exam preparation & assignment study.
» Get extra assignment related help from our writers & tutors
Achieve high grades with a little extra assignment related support. Get extra help with your essays, assignments and general coursework, from our knowledgeable writers and tutors who will provide extra assistance when required for all academic related tasks including proofreading, grammar editing & correction, citations, referencing, etc. at no extra cost for standard and premium subscribers. All our standard and premium subscribers receive free proofreading services, which will include a check for punctuation, grammar, sentence formation, typographical errors, formatting, errors and other consistency issues (broadly).
» Get free assignment & essay writing help worth up to 7K words
Commission an on-demand essay, or assignment title from our knowledgeable writers and tutors on any subject matter. Get up to 7,000* words in on-demand custom assignment help from our writers who can assist with difficult topic in classical business literature. (* 7,000 free word credit exclusive to premium members).
» Fast & speedy answers to on-demand case solutions & assignment questions
Make use of your available free word credit (up to *7,000words) to commission on-demand custom case solutions, case study assignments and receive fast & speedy personalised answers. Receive timely and fast plagiarism-free answers to assignment questions or case solutions in as little as 1-2 business working days. Topics include Strategic Management, Marketing, Business Management, Economics, Operations Management, Organization Studies, International Business & Management, Human Resource Management and more. (* Exclusive to premium members).
» Get exclusive Q&A sessions with our subject matter writers
Ask our qualified, vetted and knowledgeable writers up to *12 essay, assignment and coursework related questions annually and receive accurate, clear, and detailed answers including step-by-step explanations briefs that are easy to follow. (*Exclusive to premium members).
» Free access to test bank questions & answers, study notes and practice quizzes
Test your knowledge on any subject with our quick quizzes and test banks for maximum retention after revision and studying. Test Bank contains questions in a variety of formats including multiple choice, true/false, short answer, and essay questions.
» Free access to video tutorials & study packs
Get free access to exclusive video tutorials to common subject topics. Our subject matter video tutorials, study notes and study packs have been created to help students learn and understand basic course module materials, as well as prepare students for their coursework assignment questions, essays and exams. Our video tutorials, study notes and study packs can be organized by topic, textbook or Question &Answer.
» Access to textbook chapter reviews and answer solutions
Get access to chapter reviews of popular business books, broken down in easy-to-understand simple concepts with simplified English. If English is not your first language, this service will make revising for essay assignments and exams as easy as 123 (Exclusive to premium members).
