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International Management 2 - Essay Example

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International Human Resources Management has gained immense importance today, thanks to the development of foreign policies, foreign relations and globalisation. Foreign Trade has received great impetus due to these factors and companies looking…
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International Management 2
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Download file to see previous pages Due to this, International Human Resources Management has come to the forefront. International Human Resources Management seeks to lay down common rules, solutions to problems and personnel management systems to help this new phase of global expansion transform into a success story and to help organisations adapt and procure better results.
Working in a country that one is not familiar with, is a great challenge in itself. More so, when it involves the establishment of a branch office of one’s company or deals with the successful initiation of an extension of your company, in a scenario completely different from the one you are familiar with. Therefore, a great amount of thought-processing and execution must go down into such plans, before embarking on a conclusion.
Thailand is one of the favorable fast-growing sites for international expansion of business, trade and commerce. Transfer of technology, the extent of involvement of the local resources, the net currency profit, etc. are some of the factors that are looked into, before the green signal for the establishment of subsidiaries is given.
When an employee needs to be sent abroad by a company, both, the company as well as the employee need to look into certain vital factors that affect and make an impact on successful stint of the subsidiary company, in a host country. The strategy employed in the expansion process will surely play a dominating role in determining the level of success received by the proposed plan.
Special skills of employees are not duly recognised as proposed by the management. Instead, there exists the diffusion of persistence of such skill-based work approaches. The sharing of tasks can lead to the sharpening ...Download file to see next pagesRead More
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