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International HRM With the Context of Global Economy

Decent Essays

International HRM with the context of global economy
It would be very easy to refer to international human resource management as little more than HRM on a national scale with some additional features that indeed similarities in the role of human resource management within national and international organizations; however, there are also some significant differences, not least of which is the development and deployment of staff in different national and regional locations around the world. The somewhat overused maxim encouraging the imperative to ‘think globally and act locally’, if nothing else, illustrates the importance of looking at the management of global organization at two, sometimes distinct, levels. The first of these may take …show more content…

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Mead(1994) points to Shaw (1983), who found that mixed groups outperform homogenous groups on complex problem-solving tasks, and Watson et al. (1993) who discovered that when groups are newly formed, diversity constrained processes and performance, but that in the end heterogeneous groups.
The alternative is to ignore the important role that diversity can play in enhancing organizational performance and losing the opportunity of developing a valuable competitive advantage.--(P. 218)

In many ways the future of international human resource management is bound up with the changing nature and characteristics of the global economy itself. Different organizations and different sectors will develop in varied ways, each requiring an approach to international human resource management that best reflects their industry or organization practice. The future of international human resource management does; however, appear to be developing around a number of common themes and determinants, each of which may be applied to different organizations in away which suits them best. These common themes include:
The increasingly important role of international management development in developing core skills and competencies
The interdependence of decision making within the transnational corporation
The role of technology as an important aid to the production process, management

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