MAN 4602 Lecture Notes - Lecture 3: Subculture
Document Summary
5 major challenges the hr functions face in the global arena: enhancing global business strategy, aligning hr issues with business strategy, designing and leading change, building global corporate cultures, staffing organizations with global leaders. Increasingly being recognized as a major determinant of success or failure in international business. In a highly competitive global economy where the other factors of production- capital, technology, raw materials, and information- the caliber of the people in an organization will be the only source of sustainable competitive advantage available to u. s. companies. Expatriates employees assigned to a country other than their own. Global experience and expertise are critical to the success of the organization and the employee. Strategic competitive challenges: reduce and remove talent in order to lower the cost of operations, locate and relocate operations around the world, obtain equally competent talent anywhere in the world at lower wages.
