International Hrm, Globalization Effects and National...

Question Identify and analyse the relationship (in the context of HRM issues) between ‘Globalisation Effects’ and ‘National Business Systems’ – do you think national patterns are likely to survive during the first half of the twenty first century? Globalisation is a term much talked about in the media, most often by economists. It is having an increasing effect on national business as companies find themselves adapting to increasing homogenisation across the globe. This comes about as a result of increasing numbers of businesses expanding internationally and therefore having to standardise, among other areas, their HRM practises in order to gain the levels of control required to operate competitively. This trend to a single†¦show more content†¦Personnel issues are becoming ever more commonplace with many western companies now reducing the amount of home grown executives working away in foreign countries for extended periods. Due to failures highlighted in the performance of these employees they are fast being replaced by local, third and returning national alternatives. The actual process of HRM in these countries can be much more stressful and difficult than at home with managers often suffering from soci al problems such as cultural isolation and a lack of support for the family’s involved. Costs are also a big factor with local nationals being cheaper to hire and more often efficient at the job in hand. While many leading multinational companies are attempting to standardise their business systems across the globe they often find difficulty in efficiently coping with the differences presented by culture and national identity. The relationship between globalisation effects and national business systems is one of continual each way reaction evolution, while leading multinationals both set the standards in technology and have high influence over many countries, reactions are always occurring on the other side to both adapt and gain from the changes where possible. Some say globalisation has been occurring for as long as civilization has been documented however the relatively recent magnitude of change is presenting ever increasing issues for national and multinational firms and for manyShow MoreRelatedA New Forms Of Trans National Management Organization Essay1545 Words   |  7 PagesMultinational companies (MNCs) gradually more control the world’s markets, and are playing an essential role in the globalization of economic movement. 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