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International Human Resource Management - Sample Assignment

   

Added on  2021-04-17

11 Pages3064 Words56 Views
Running Head: INTERNATIONAL HRM 1International HRM Practice

International HRM 2Table of ContentsIntroduction.................................................................................................................................................2Task 1..........................................................................................................................................................2a.Complexities involved in entering a global market..........................................................................2b.International business development strategies and its implications.................................................3Task 2..........................................................................................................................................................5Hofstede's model.....................................................................................................................................5B Issues of cultural shock and solutions.................................................................................................6Conclusion & Recommendations................................................................................................................7References...................................................................................................................................................9

International HRM 3IntroductionInternational Human Resource Management is one of the critical aspects of the multinationalcompanies. There are many functions performed by the HR in the company. It encompassessystems and collective employment practice. It engages people and leads them towards acommon purpose. It also adopts such practices which make line managers and specialistmanagers to manage workforce groups. International HR is concerned with the relationships ofinternal and foreign environment. Danone is a French multinational food company based inParis. It conducts business operations in more than 130 countries and generates sale €21.9 billionin 2016 (Danone.com, 2017). Most of the business operates in emerging countries. The totalrevenue is generated from dairy products, water, and nutrition products. The product portfolio includes dairy and nutrition products which serve at a national andinternational level. The main brands are Activia, Actimel, Danimals and Yocrunch, waters. Inthe past few years, company has adopted more aggressive business and development strategies.In the emerging markets such as Asia, Israel, and other growing countries, the firm has adopteddifferent tactics such as joint venture to maintain steady expansion. The present report providesdetailed information about the international human resources practices and its complexities. Italso provides in-depth analysis issues related to cross culture environment and solutions toovercome these problems. Task 1a.Complexities involved in entering a global market.Expanding business at a global level is also a challenge for business organizations. There aredifferent types of challenges faced by a corporation while entering the global businessenvironment. However, it is also beneficial for the business enterprises. Danone is a foodCorporation Company, which produces and export packed food to several different countries(Leitner, 2016). The firms mainly generate its business from dairy products, nutrition, andpharma drugs. The company operates its business at an international level, especially in theemerging Nepal and Malaysia. Following are the complexities involved in the global market:

International HRM 4Cultural BarriersIf any business wants to expand its business in a foreign territory, first it needs to evaluateculture and social habits of the customers. Culture has a huge impact on the business ofcompany. In different countries, people live their life and consume food according to theirculture. In addition, it is also essential to select an appropriate customer segment before enteringto the global market (HULT International Business School, 2017). In every market, local shopsare dominating because they are aware of local cultural aspects. Political risk The political risk in international business is instability and uncertainty. The political conditionsof emerging market are more likely to be unstable and offer more challenges to business. Issuessuch as ill-defined policies, corrupt government, and restricted opportunities can pose difficultiesfor Danone. In addition, a growing trend towards single economy makes business landscapehostile. For example, in Nepal and Malaysia internet and social networking are allowed;however, same is not allowed in other countries such as China. This political regulation cannegatively impact the business of Danone. Exchange rate Danone is French company so during expanding business in new global destinations firm need toevaluate its financial performance. In the domestic market, the company has a specific idearegarding budget and financial growth. On the other hand, in the international destination firmneed to evaluate expenses and cost of production. The economic conditions of Nepal are notstable, which may lead the corporate to lose target customers effectively. It can adversely impacton the human resource of the company. Monitoring international exchanges rate is a must forDanone.Foreign Laws and Regulations The business laws and regulations are different at different places. In the global era, each countryestablishes different types of laws for business which creates threats to a foreign company. It isessential for the firm to evaluate the local laws of the country before entering the market(Bloomfield, Brüggemann, Christensen, and Leuz, 2017). Danone is involved in the food

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