Essay on "Understanding International HRM From a Canadian Perspective"
Essay 5 pages (1405 words) Sources: 3
[EXCERPT] . . . .
Human Resource Management is a growing trend in business, as businesses make efforts to develop systems that increase employee investment in company goals and increase the development and recruitment of quality personnel. Significant changes have occurred within businesses that create significant reasons for streamlining to an HRM system, as the importance of competition is increasing exponentially across the board. Furthermore, the importance of global trade and global economies has also significantly impacted business, and there are very few remaining businesses that are not in some way affected by the trend toward globalization. Global competition is a rapidly increasing and influential aspect of business, even for those who do not trade globally or support markets with global ties:Recent years have seen increases in global activity and global competition. As the multi-national corporations (MNCs) increase in number and influence, so the role of international HRM is those MNCs grows in significance. (Scullion, 1995, p. 352)
The difference between HRM and international HRM, according to Scullion, is that international HRM is far more complicated and therefore intricate than that of national HRM, or smaller HRM models. (p. 351) Traditional HRM is limited by culture and distance, as the majority of the stakeholders in such a plan are likely to be relatively homogenous or at the least attempting to assimilate the dominant culture, while this cannot be said of international HRM, where significant cultural issues, differences in laws, education, titles and other issues may play a significant role in the development of an HRM model.
Scullion stresses that
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Globally competent managers are critical for the future success of all multinational organizations. To address this HR need, many strategic HR departments have initiated global leadership development programs to groom future leaders. There are two inherent assumptions in all global leadership programs. First, that "global competence" can be defined in terms of developmental dimensions. Second, that, once defined, these dimensions can be developed through global experience. (Caligiuri & Santo, 2001, p. 27)
The value of the development of such management futures is essential as is a greater understanding of the context in which international business will be defined by the growing number of trade agreements, such as NAFTA as well as the growing links between Canadian business, Asia, Mexico and South America, all influenced by international trade agreements and trends.
In the 1960s, though, regionalism began to develop, with the emergence of the European Common Market, NAFTA, ASEAN, and other regional trading groups. Countries kept their own political systems and social values but formed economic trading blocks. So big companies established regional headquarters within the various major trading blocs. Ford Europe was established in this period. This was when most of the regional and functional fiefdoms (with each region becoming very independent) became firmly entrenched at Ford. (This is what is referred to in this book as the "regional" corporate structure, an extension of the "multi-domestic" structure.) the fiefdoms were excellent at what they did: they squeezed every last ounce of efficiency out of the regional model. For example, back in the period of nationalism, Ford had multiple accounting activities around the world - there were fifteen in Europe alone. The regional model got it down to four: one in Europe, one in the United States, one in Asia-Pacific, and one in South America. (Briscoe & Schuler, 2004, p. 42)
The international trend, though it has been around a long time was traditionally based on the idea that the dominant culture… READ MORE
Quoted Instructions for "Understanding International HRM From a Canadian Perspective" Assignment:
If possible, please use "Human Resource Management: A Critical Text" second edition edited by John Storey as one source, specifically chapter 15.
"The pressures for the global integration of markets give added importance to understanding international HRM." Discuss this statement in the context of NAFTA and Canada's growing business links with Asia, Mexico, and South America.
This essay requires the explanation of the importance of global economic development and HRM, and to evaluate the assumptions underpinning the theoretical constructs.
How to Reference "Understanding International HRM From a Canadian Perspective" Essay in a Bibliography
“Understanding International HRM From a Canadian Perspective.” A1-TermPaper.com, 2008, https://www.a1-termpaper.com/topics/essay/human-resource-management/6352683. Accessed 5 Oct 2024.
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