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Impact of Human Resource Management on International Joint Ventures

   

Added on  2023-06-06

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Running head: HUMAN RESOURCE MANAGEMENT
HUMAN RESOURCE MANAGEMENT
Name of the Student
Name of the University
Author Note
Impact of Human Resource Management on International Joint Ventures_1

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HUMAN RESOURCE MANAGEMENT
Introduction
The organizations which have their operations in a particular country aim at
expanding their operations with the help of international joint ventures or IJVs. The market
demand in different countries is able to play a major role in the effective operations of the
organizations which expand their operations. The US based organizations mainly aim at
expanding their operations with the help of international joint ventures. The sales based
growth of these international organizations are thereby based on the ways by which they are
able to expand their operations in different market areas (Chen, Chen and Zhou 2014).
The human resource based functions of the companies can play a key part in the
international expansion based activities. The discussion that will be done in the essay will
thereby be based on the methods by which human resource functions are able to affect the
international joint ventures. The international joint ventures are thereby considered to be the
most important ways by which the organizations are able to expand their operations in
different countries (Deák and Peredy 2015).
Discussion based on the stages of international joint venture and HR implications
The international joint venture related plans of the organizations can also face some
major obstacles in different countries. These obstacles can thereby be removed with the
proper assistance of the employees of both the organizations and different departments as
well. The human resource department can thereby play the most significant role in proper
management of the employees and their work process at the time of an international joint
venture (Debroux 2015).
The different stages that are considered in the international expansion of organizations
are as follows,
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HUMAN RESOURCE MANAGEMENT
Step 1 - The organization needs to have effective understanding of the international
target where it is planning to expand its operations. The organization thereby needs to search
for markets which are willing to purchase the products that are offered to the consumers. The
search for a perfect partner in the international joint ventures is also an important part of the
proper operations of the organizations. The potential partners thereby need to be analysed in
an effective manner by the company in order to decide the best among them (del Mar
Benavides-Espinosa and Ribeiro-Soriano 2014). The organization thereby needs to protect its
interests before it is able to plan the ways by which it can operate in the international markets.
The human resource department of the organizations can play a major part in the methods by
which the company is able to find the suitable partners. The research based on suitability of
the partners can be done by the human resource department of the companies (Gerschewski,
Rose and Lindsay 2015).
Step 2 – The organization which wishes to expand its operations in a different country
needs to search for a partner who has larger operations than it has in the international market.
The most important part of the selection is thereby based on the ways by which the partner is
able to provide effective amounts of support to the company which has planned for
expansions. The large local partners will play a major role in the growth of proper operations
of the company which has expanded its operations. The regulations which are thereby
developed in the international areas needs to be considered by the organizations in an
effective manner by the companies in order to operate in a profitable manner (Hollender,
Zapkau and Schwens 2017). The human resource managers of the companies can thereby
analyse the policies which are required for the proper functioning in the other countries. The
partners in international joint ventures thereby can be selected effectively with the help of
human resource managers. The analysis of employee data and external influences will
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