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International Human Resource Management Assignment

   

Added on  2020-06-06

16 Pages4788 Words81 Views
Evaluation an InternationalHRM Strategy

Executive summeryThis report will lay emphasis on different sort of operations that will help in betterhandling of business operations that will help in the effective rise of business operations that willhelp in better growth and development of the organisation. The external environmental factorsare been taken in consideration. The report will also involve the various theories and models ofHRM and its impact on the business operations of Tesco plc in Indian market. Apart from this,the importance of proper recruitment process and the various skill set is been taken in thoughtprocess for better idea of performance and reward management.

Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1LO1Critical evaluation of international business environment in the Host country..............1LO2 Evaluation of main HRM theories and Models in relation with economic drivers.......3LO3 Effectiveness of HRM strategies in achieving the goals of employee...........................5commitment, flexibility, quality and strategic integration and the reward system management.................................................................................................................................................5LO4 Differences in approach to HRM globally. Importance of training and its types .........6LO5 Evaluate the theory and evidence about the relationship between HRM and................8organisational performance...................................................................................................8LO6 Organisational, national and cultural issues in HRM strategy. .....................................9LO7 Demonstrate the management skills required in international business to successfully10engage and will support from employees at the workplace ...............................................10CONCLUSION..............................................................................................................................11

INTRODUCTIONHuman Resource Management (HRM) plays a very crucial role in management andexecution of wide range of operation's in Retail sector. With the globalisation and developmentof advance technologies, this sector is deeply impacted. The increase in competition in last fiveyears and occurrence of recession has also affected growth and development of Retailorganisation and MNC Like Tesco Plc, in respective industry. The globalisation has helped thefirm or sector to get a good customer base from around the world. This has also helped inmoulding of effective consumer perception that has helped the firm in the sector to have aneffective growth and development (Armstrong and Taylor, 2014). However, it has also led to therise in market challenges and future needs of cited retail firm that is necessary to be fulfilled, inorder to effectively sustain in market. The expansion and effective providence of services havelead to have a deep influence on customer's perception towards the sector and cited firm. Theeffective management of HRM has helped sector and organisation to gain a good competitiveadvantage in international and local level.The involvement of joint venturing and development of HRM by the firm in a sector willplay crucial role. The report will involve an assessment of external factors that will lay to theeconomic advantage of the firm. Different roles and responsibilities with different theories andmodels of HRM management will be discussed. Also, the strategic approaches and various issuesrelated to it will be taken in effective consideration related to performance management and sraffinvolvement measures (Beardwell and Thompson, 2014).MAIN BODYLO1Critical evaluation of international business environment in the Host countryThe Retail sector has increased to a greater extent on the global level. Thus, the widerange and variety of operational measures will be provided that will help in the better growth anddevelopment of cited firm and the retail sector in the Indian market. Company Profile- Tesco plcTesco plc is one of major UK based retail firm that makes the better out of the availableresources to provide the better quality of product and services to its customers. It provides a widerange of goods and services including clothings, food items and other general grocery products.Since 2013, it has seen a tremendous growth in revenue generation and operational quality, thathas impacted the overall rise in its productivity and profitability. Despite being in recession, it1

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