Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

The impact of globalization on HRM in multinational organizations - Assignment Example

Comments (0) Cite this document
In order to provide valid examples of the theoretical underpinnings, Apple Inc has been chosen as it is a company that operates in various countries of the world thereby coming in contact with…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.2% of users find it useful
The impact of globalization on HRM in multinational organizations
Read TextPreview

Extract of sample "The impact of globalization on HRM in multinational organizations"

Download file to see previous pages It has brought about an integration of the companies all over the world and has facilitated trade by way of reducing transportation costs and doing away with the barriers to trade. Globalisation has also facilitated a free flow of goods and service, knowledge, skills, capital and labour. During a strong economic growth period world exports shot up in various countries thereby contributing heavily to the Gross Domestic Product (GDP). Previously, human resource management (HRM) was typically concerned with the cost cutting activities and the administrative activities, focusing on bringing about efficiency in the system and the minimised the cost. However in the present world the role of HRM has changed and focuses on an organization’s long-term objective.
The companies’ business strategies were affected by globalisation in a large manner. The companies had access to a large variety of markets and could market their products in global markets. The emerging markets of the developing countries are of lucrative content to such MNCs who are looking to diversify. Due to the emergence of new markets the external financing sources of the companies also increase. A very important source of financing is Foreign Direct Investment (FDI) that has opened avenues for the MNCs to invest in the developing countries. FDI has a dual benefit to both the country and the company. There is a global market for the products of the MNCs. Moreover due to abundance of labour resources in the developing countries the MNCs often shift their production processes to such countries such that they can carry out production at low costs. Also the political stabilisations across the globe and the favourable relations between the countries have made positive impacts on the strategic positions of the companies. The socio-political globalisation has given rise to regulatory bodies that govern the different policies that mark the path of trade between various companies. The most ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“The impact of globalization on HRM in multinational organizations Assignment”, n.d.)
Retrieved from
(The Impact of Globalization on HRM in Multinational Organizations Assignment)
“The Impact of Globalization on HRM in Multinational Organizations Assignment”, n.d.
  • Cited: 1 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF The impact of globalization on HRM in multinational organizations

Strategies Of Multinational Organizations In This World Of Globalization

...? Falling trade barriers, free flow of money across borders, growth in world trade among countries represent the trend known as globalization which has allowed the large organizations to expand overseas. The process of globalization has enabled countries to source raw materials from anywhere, produce anywhere and market their finished products anywhere in the world. However, globalization is not a uniform evolutionary process as various political, economical, cultural and technical factors can have an adverse impact on the process of globalization and expansion (Wadsworth, 2010). Thus the strategies of the MNCs in this world of...
10 Pages(2500 words)Research Paper

Globalization and HRM Strategies

...). Impact of Labor Market on HRM strategies Labor market can certainly form the HRM strategies and it is one of the major aspects in defining the ‘degree of freedom’ in an organization. The HRM strategy of Wal-Mart is determined by availability of labor in the market with particular ability, knowledge and proficiency. The pressure of global competition has led Wal-Mart to implement flexible labor strategies with more hazardous work provisions. In recent years, development in financial, political and industrial domains had expressively transformed the arrangement of labor supply and type of labor essential by the...
4 Pages(1000 words)Research Paper

Globalization and HRM Strategies

...?Running Head: GLOBALIZATION AND HRM STRATEGIES Globalization and HRM Strategies of the of Introduction Wal-Mart Stores, Inc. identified as Wal-Mart, is a U.S. multinational retailer that operates chains of huge cut rate warehouses and department stores. In 2012, it has been enlisted as the world’s third leading public corporation by the Fortune magazine’s Global 500 list. It is one of the world’s biggest private employers, providing employment to over two million people. It is the biggest retail organization in the world. It is a family-owned business, and the Walton family controls the corporation, having a stake of 48% in it. In 1972, Wal-Mart was incepted by Sam Walton; however, the incorporation was done on October 31, 1969... and as...
4 Pages(1000 words)Assignment

Globalization and HRM Strategies

...? Globalization and HRM Strategies Coca-Cola Company is one of the largest beverage companies in the world. It specializes on refreshing consumers with over 500 sparkling and still brands. The company is estimated to value around 15 billion dollar brand including diet coke, sprite, fanta, minute maid, vitamin water, and many more brands (Aswathappa, & Dash,2007). The company is number one in the word in supply of sparkling beverages, ready to drink coffees, and juice drinks. The company has established its branches in over 200 countries across the globe, and it is estimated that the company serves at least 1.7 billion servings per day. About 40% of the company’s revenue is generated from U.S. markets....
4 Pages(1000 words)Essay

Globalization and HRM Strategies

.... Sony offers a wide range of products including consumer electronics, semiconductors, video games, media and entertainment, computer hardware and telecom equipment. As at of March 31st, the company that has offices in virtually every part of the world had approximately 162, 700 employees and that number continues to grow even as the company seeks to expand further, increase profit and outdo its competitors. It is also affiliated with several music artists like Eminem, The Fray, Kat Deluna, Kelly Clarkson, Marc Anthony, and Michael Jackson among other music and movie personalities. Sony continues to expand the variety and number of products it offers globally together with ensuring high quality to meet consumer needs....
5 Pages(1250 words)Assignment

Globalization and Multinational Corporations Strategic management entails to plan and forecast, command, control, co-ordinate and organize. It is important for organizations to practice effective modes of management to ensure that at the end of the day they achieve their main objective; profit making. Though strategic management entails all this conditions, it is evident that they are not practised in all organisations globally. This is so because countries differ in their adoption of management strategies. This makes it hard for an organisation in a well established country that practises high management concepts to incorporate the concepts in another country that has not yet implemented them (Ghoshal, 1987, pp....
16 Pages(4000 words)Essay

Organizations Impact

...ORGANIZATIONS IMPACT ON SOCIETY Organizations are supported by the society and most importantlythe immediate environment they operate in. For this reason, many of them have taken the role of meeting the needs of the present generation flexibly without compromising the capacity of the next generations to take on its needs. In this role, the corporations have to mind their operations and how they impact the natural environment and societies. They are asked to apply sustainability principles in their business processes (Pamela and Richard 2009). The sustainability implied refers to the corporation’s voluntary activities to demonstrate the cognizance of environmental and...
1 Pages(250 words)Essay

Globalization and the Impact of Supranational Organizations

...GLOBALIZATION AND THE IMPACT OF SUPRANATIONAL ORGANIZATIONS 20th June The European Union was established after a long trade relationsthat were characterized by anarchy and inter-country war, as a result, of border disputes. Large countries such as France, Italy and Germany influenced much of the decisions in trade, war and other intergovernmental policies. However, the ties among European nations were lost, and this prompted for the formation of European Union to control production in the mining industries in Western Europe.1 In 1957, some European countries such as France, Italy, and Belgium among other signed the Treaty of Rome and thus agreeing to integrate individually economic...
2 Pages(500 words)Essay

Contemporary issues in HRM the world driven by changes with respect to globalization. The human resource policies and practices needs to be standardised and the needs of standardisation in effective human resource management should be considered vital. The goal of the organization of the multinational companies should be to develop the most widespread standard for human resource management for effectively managing the human resource, maintaining peaceful environment among diversified workforce and in order to enhance their global operations (Black and Lynch, 2001). National Differences in HRM The nature of human resource management varies in diverse national and regional...
9 Pages(2250 words)Essay

Globalization and Factors Influence Human Resource Management

...exhibited. The cultural differences among the countries are clearly reflected in the organizational structure and practices, which gives rise to several independent HR management processes. This makes it quite important for the international organizations to adopt cross cultural practices (GPF, 2015). The process of globalization and its impact on the human resource management (HRM) have been discussed in the paper. The factors involving the social, political, legal, economic and cultural aspects that influence the management of cross border business practices have been added. What is Globalization? Globalization can be described as a...
14 Pages(3500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Assignment on topic The impact of globalization on HRM in multinational organizations for FREE!

Contact Us