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Midterm

BUS 432 Study Guide - Midterm Guide: Performance Management, Global Politics, Capital Market


Department
Business Administration
Course Code
BUS 432
Professor
Dave Thomas
Study Guide
Midterm

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GLOBALIZATION
Globalization
o The process whereby worldwide interconnections in every sphere of activity
are growing
Globalization is not an end result or caused by a single force but the dynamic of
interconnectedness that results from shifts that are taking place across a range of
contexts
Businesses globalize
o To combat threats
o To pursue opportunities
o
FACTORS AFFECTING DOING BUSINESS INTERNATIONALLY
- Geography
- Culture
- Political climate
- Competitive climate
- Economic climate
- Technological environment
- Legal systems
- International organization behaviour
- Labor relations and unions
DEFINING HRM AND IHRM
HRM Activities undertaken by an organization to utilize its human resources
(people) effectively
Planning
Recruitment
Performance management
Training and development
Compensation and benefits
Industrial relations
International HRM
HRM issues and problems arising from the internationalization of business
HRM strategies, policies and practices in response to the

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internationalization of business
Distinct set of activities, functions, and processes that are directed at attracting,
developing, and maintaining an MNC HR.
Aggregate of various HRM systems used to manage
people in the MNC (both at home and overseas)
as an event occurs in any one of the external environments, it influences other spheres.
These interrelated shifts in the four external environment affect organizations whose
leaders respond by integrating people, processes and structures to shape organizational
outcomes
External environment
o
Global technology
o
Global economies
o
Global politics
GLOBAL TECHNOLOGY
Advances in technology
o Reduce the cost of communication
Leads to more global goods and capital market
o Changes role of employees
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