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INTRODUCTION
Strategic Management refers to the process of Formulating, implementation and evaluatingbusinessstrategiest oachieve organizationalobjectives.Att hecorestrategicmanagement process is a team comprising the CEO aided by top executives
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INTERNATIONAL HR STRATEGY
InternationalHumanResourceStrat egyreferstothe
What is essential is that these programmes,policies andpractices needtobealigned with 4/9/12 organizational strategies.
Coaching
Rewards
Performance Evaluation
External Environment Social: social values, roles, trends, etc. Political: political forces, changes. Ex. Bush presidency and its agenda for Social Security. Legal: laws, court decisions, regulatory rules. Economic:MBAO 6030 Human product, labor, capital,
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TRENDS
Integration of the worlds economies and business globalization continues unabated International trade is growing more rapidly than world output Foreign direct investment (FDI) flows are increasing The number of cross-border, inter-firm agreements has risen dramatically
contd.
The external environment greatly influences HRM activities Each country has its own:
Laws Business customs Workforce characteristics Political climate The most difficult challenge to overcome is the people challenge
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Issues in IHRM
Managing international assignments Employee and family adjustment Selecting the right person for a foreign assignment Culture, communication and gauge Language and communication
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Variations Perception of HR Attitude and actions of headquarters towards HR Resistance to change Cultural differences in learning and teaching styles
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rates
of
expatriation
and
Deployment getting the right mix of skills in the organization regardless of geographical location Knowledge and innovation dissemination managing critical knowledge and speed of information flow Talent identification and development identify capable people who are able to function effectively 4/9/12
Cultural differences between nations can influence the effectiveness of HRM policies and practices HRM must be congruent with the cultural orientation of the workers Hefstede says cultures vary in five dimensions:
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