Role of Multinational Corporations in Convergence and Ethical Considerations

Essay
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Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
Overview......................................................................................................................................3
Discuss about the forces that could possibly push for convergence and factors that prevent,
support for path dependency view...............................................................................................4
Understanding role of Multinational Corporation with business process and ethical
considerations..............................................................................................................................6
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................12
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INTRODUCTION
Human resources describes the people who make up the workforce of an organization,
industry, business sector, or economy. Human capital is sometimes used synonymously with
human resources, although human capital typically refers to a narrower effect. This report
highlights the assessment of human resource patterns and policies in some of the specific
countries. The reason behind this is also covered in this report and that is because of the factors
such as societal, historical, economical, political factor of the country. It includes different type
of studies which helps to highlight the way or path behind the divergence or convergence with
the implication of the study. Other than that forces has been analyzed which helps the factors of
convergence to move forward and the prevention of it while blocking the path dependent view.
Role of multi national companies has been assessed as all of them has to cope up and work with
human resource practices. Human resource department of company helps them to in an ethical
manner so that they are allowed to serve in other host countries and maintain a reputed image in
the market. It highlights that multinational companies are engaged in trading on international
platforms. This helps to maintain the political relations in between different countries and reduce
the level of cultural differences amongst them.
MAIN BODY
Overview
Corporations that move goods, services, resources and skills across the national boundaries
without regards to the country. The multinational companies are basically engaged in the
international trade, successfully one take political and cultural difference into accounts. There are
several advantage over another companies. For instance, it can often overcome the challenges
and problem of trade (Kimmel and Rogler, 2019). For Example- various companies go through
green movement for improving the environmental condition. The Study is based on the evidence
from considered various point to either divergence or convergence factors which always support
for providing the path dependency view. Multinational Corporation should be considered the HR
patterns that will associate with specific countries. In order to identify the idiosyncractic
historical, societal, political and economic.
“Post-cold” War globalization is considered as a driven by free-market capitalism and
questionable idea whereas many countries are increasing their market of good and services. This
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idea will support for multinational companies for increasing demand of product and service. It
can be possible when HRM Influence the organizations for changing their working culture or
environment dynamically. Afterwards, it will cover as Multinational Corporation extend their
influence towards globalization and reduce the difference between nation states.
The global economy and forces of globalization have considered as prominent
characteristics of current paradigm of world politics and economic condition. The multinational
corporation pertinent subject is their dynamic growth which always influencing on the world
stage, and they can affect on the life chances of people across the world (Ferraro and Briody,
2017). The power of companies is to control international investment, especially when several
developing countries suffering from economics. Therefore, they have faced the pressure to attract
such as investments, governments. On the other hand, Globalization allows Multinational
Corporation is to utilise employees as cheap labor and exploit their lower standards on working
condition. But it always considered worker rights, environment regulations. These are
consideration in ethical ways to maintain the relationship. Multinational Corporation have
provide considerable debate on the basis of HR patterns which help for controlling the conflict
issue through efficiency as well as fairness.
Multinational Corporation performed the significant role and contribution to convergence
of corporate HRM practices across corporate governance system. Especially, MNCs promote
substantive convergence, symbolic convergence or divergence of corporate governance
practices.
Discuss about the forces that could possibly push for convergence and factors that prevent,
support for path dependency view.
Path dependence is based on the economic outcome or result on the basis of current
business condition. It is simply identify the previous history about the multinational corporate
where how they can deal with the various enterprise processes. Path dependent is consider as
features of economy range from technical standards to large scale institutions.
The diversity arose as a result of various contributing factors such as environmental,
technology, economic and legal. These are different factors that automatically change the
business processes.
The multinational corporate structure different among economies of global world. It
contribute to understand the difference by implementing path dependence. It provide the brief
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