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.

The Influential Factors, Key Current Issues and Future Directions for International HRM in China - Essay Example

Comments (0) Cite this document
The influential factors, key current issues and future directions for International HRM in China. 1. Impact of environmental factors like government actions, regional economic and political activity and cultural diversity on IHRM. In the recent years since economic liberalization has become a major component of global business environment, China has emerged has one of the most important developing economies that offers wide scope of business opportunities…
Download full paperFile format: .doc, available for editing
Polish This Essay94.8% of users find it useful
The Influential Factors, Key Current Issues and Future Directions for International HRM in China
Read TextPreview

Extract of sample
"The Influential Factors, Key Current Issues and Future Directions for International HRM in China"

Download file to see previous pages The move from traditional closed door economy to ‘open door’ economy, has attracted foreign direct investments or FDI which have given considerable boost to its image as nation that is ready to embrace new culture of cooperation. The facilitating employment policies, labour law, joining world trade unions and forging alliances with international business community have been few of the major elements of its liberalization. The Government’s recognition of the importance of human resources has been critical to the expanding business opportunities for both within and outside the country. The new labour policies and laws that incorporate the international parameters and conform to the wider international regulations have proved the efficacy of international HRM that Chinese companies and corporate bodies are increasingly adopting within their core business strategies. Scholars assert that new IHRM practices have introduced new formats which are based on investment and stake owner equity (Bell, Khor and Kochhar, 1993). These are important issues as they cater to the wider welfare of the workforce. But according to Child (1994), there is still strong influence of sociologist ideology of the government towards work, performance and rewards in local joint ventures partner in business alliance of MNE in Chinese SOE. The contributory factor could be strong political regulations that favour local people. In the contemporary environment of competitive business, business practices of the domestic market are inadequate in the global market. Expanding business must take cognizance of the changed equation of business practice with reference to the changing socio cultural background of the country, where one needs to establish the business interests. National cultures are critical elements that determine the negotiator’s assumptions and help to form business strategy based on behavioral pattern (Cohen, 2004; Rubin & Sander, 1991). Hofstede, (1984) has also emphasized the importance of culture in business paradigms. China being culturally distinct economy, must be understood for making successful foray into business partnership and alliances. The increasing trend in IHRM to understand cross cultural values therefore become vital part of business in China within and across the business entities that are looking for exploiting business opportunities there. 2. Key current issues in IHRM Dowling et al. (1999) says that complexities of Chinese socio-political and cultural environment have posed serious challenges to the businesses, especially their IHRM practices. The cross cultural understanding and the wide diversity of national cultures and most importantly the tight control of government over international business are issues that need careful considerations. Poole (1999) believes that use of local talent and resources are important part of joint ventures that promote local economy. The socio-cultural value systems are vastly different and business practices are very sensitive to behavioural pattern and intrinsically linked to their socio-cultural value system. Schuler (2001) says that there is strong bond of national culture that prefers to deal with local people rather than expatriate managers. This is important issue with the MNCs as they often incur huge cost on training ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“The Influential Factors, Key Current Issues and Future Directions for Essay”, n.d.)
The Influential Factors, Key Current Issues and Future Directions for Essay. Retrieved from https://studentshare.org/management/1433515-the-influential-factors-key-current-issues-and
(The Influential Factors, Key Current Issues and Future Directions for Essay)
The Influential Factors, Key Current Issues and Future Directions for Essay. https://studentshare.org/management/1433515-the-influential-factors-key-current-issues-and.
“The Influential Factors, Key Current Issues and Future Directions for Essay”, n.d. https://studentshare.org/management/1433515-the-influential-factors-key-current-issues-and.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
How institutional and cultural issues impact International HRM
The purpose of this research is to investigate the following: concepts and theories; HRM paradigms; organisational culture vs. national culture; the role of the international hr manager; the problem of integration; the entry of multinational corporations (MNCs) in China; corporate governance in Siemens
9 Pages(2250 words)Essay
International HRM
The mode of communication and interactions nationally as well as internationally has decreased the cultural, social, and political differences amongst the populations. With the raise in globalisation, many companies and organisations are initiating their business operations that do not come under the restriction to national level only but also on global basis as the primary objective of any business is to generate more profits and revenues.
12 Pages(3000 words)Essay
The culture difference in influencing human resource management on multinational firm: comparison between China and Japan
International managers find that it is not possible to develop theories and models in one part of the world and implement it in another. Cultural differences require a change in approach to implementation of HRM policies and practices. This has become a strategic imperative because people are now considered the greatest assets of an organization.
44 Pages(11000 words)Dissertation
International Current Issues
Since the creation of the UN in 1945, scholars have remained strongly divided over the meaning of Article 51 UN Charter, which guarantees the right of self-defence in the event that an armed attack manifests. The paper draws from the jurisprudence in the Nicaragua case by examining the relationship between UN charter article 51 and the customary international law. It will address the debate about anticipatory self-defence. The paper will analyse the views of Reinold.
10 Pages(2500 words)Essay
The Localization of Management in China
China is a population powerhouse and very emerging market with very complex network of controls and management skills which determine the success of the management in the Chinese grounds and market. Understanding Chinese culture is the key to managing the localized Chinese market.
45 Pages(11250 words)Essay
HRM Current Issues
It is the duty of the organization to provide the employees an optimal stress free working environment. In that environment only, employees will show optimum productivity. But, sometimes the organization will not be able to provide a best working
10 Pages(2500 words)Essay
International HRM
It also explains extra-organisational factors actors as well as includes intra-organisational factors. Such factors are cross border
12 Pages(3000 words)Essay
Size, growth, current trends, developments & key factors of The Reformation
This enables the factory to create jobs at the domestic level, which adds top economic growth in USA. More so, the locally sourced raw materials do not lead to global
2 Pages(500 words)Essay
Current Ethical issues in International HRM
While the globalization is a relatively new phenomenon, IHRM started developing already in 1970s. It was revealed that international assignments can help employees perform to maintain competitive advantage that is a very
1 Pages(250 words)Coursework
Let us find you another Essay on topic The Influential Factors, Key Current Issues and Future Directions for International HRM in China for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us