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Multinational Companies and Global Human Resource Strategies - Coursework Example

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A paper "Multinational Companies and Global Human Resource Strategies" outlines that companies that have adopted such multinational approach are coke, a company headquartered in the United States and operation in more than 100 countries across the world…
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Multinational Companies and Global Human Resource Strategies
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Download file to see previous pages The expansion into new business environments across borders presents massive human resource challenges as a business must ensure cultural and managerial opportunity but also consider the needs of the new market. Various international human resource management and staffing policies have been developed to ensure that the internationalization and expansion programs are not affected. Coke Mexico has embraced a number of international staffing policies most of which were adopted from the pioneer years of their entry into the Mexican market. At coke Mexico, a mixture of different international staffing policies has been adopted to ensure smooth operation of the company and continuity of its culture and business practices. Such staffing policies include ethnocentric, polycentric, geocentric and regiocentric staffing approach all of which are governed by different principles. This paper will evaluate some of the staffing strategies that coke Mexico has adopted over the years and also review some of the available policies that it can be adapted to ensure continuity and smooth operations. The paper will also provide recommendations on the order of strategic preferences that the company can adapt based on the Mexican situation and business environment. The world has witnessed rapid internationalization and globalization over the last decade and this has been attributed to the search for new markets and global influence. The expansion of a business entity beyond the domestic boundary while maintaining the commitment to the local market calls for the adoption of complex business structures and strategies (Cooke, 2003). The effective management of human resources is one common determinant of internationalization success and the integration of foreign cultures into the operations of the business. ...Download file to see next pagesRead More
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