A companys most expensive assets argon its gracious capital. And human resource managers are the treasurers of human capital. It is their responsibility to create practices that make employees to a greater extent competitive and more committed. Here in the United States, we support our set of cultural beliefs and standards; laws that are enforced, uniform national policies and taxes by one national g everywherenment. Taking our business strategies globally has its risks and human resource managers must know how to effectively manage its employees over seas.
Poorly executed foreign business can slide by to inappropriate marketing approaches, poor labor-management relations, adverse currency fluctuations, and opposite problems. However, when addressed successfully, there is a greater potential to ontogenesis market share, improve efficiency and profitability, decrease costs, and enjoy different competitive advantages.
Emergence of the global economy
In the 1980s, the worlds leading industrialized nations began an era of cooperation in which they capitalized on the benefits of works to formher to improve their various(prenominal) economies. They go on to seek individual comparative advantages, i.e.
, a nations ability to unveil some products more cheaply or better than it an others, barely within the confines of international cooperation, according to Sharp, (n.d., p.).
The trend continued and grew rapidly. It allowed companies of all sizes and in various aspects of business to enter the international market. This new market was extensively beneficial for the United States.
multinational managers must know that there is no single appearance to enter a foreign market. They do however, need to attest a higher level of skill than those exhibited by the tralatitious manager in the past as stated by Sharp, (n.d., p.2), They must be multilingual, sensitive to cultural differences, and knowledgeable just about current global management theory, philosophy, psychology and their practical...If you want to get a full essay, order it on our website: Orderessay
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