International Human Resource Management Report: Galaxy Resources

This report analyzes the international human resource management (IHRM) challenges and opportunities for Galaxy Resources, an Australian mining company, as it considers expanding into Chile. The report begins with background information on Galaxy Resources and the rationale for choosing Chile as an emerging economy. It then explores the significance of IHRM, the challenges the company may face, and potential entry modes. A key focus is on designing a strategic IHRM plan to address these challenges, including performance management strategies for both local and home country employees. The report recommends strategies for performance management, emphasizing the importance of understanding cultural differences and leveraging feedback from both home and host country managers to ensure successful international operations and business expansion. The conclusion summarizes the viability of Galaxy Resources' expansion into Chile, highlighting the country's favorable business environment.

International Human
Resources Management

Table of Contents
INTRODUCTION...........................................................................................................................1
1) Galaxy Resource company background information.........................................................1
2) The rationale of Chile Host that is emerging economy country........................................1
3) Chile Host emerging economy's background information.................................................2
4) Justification of entry mode.................................................................................................2
5) Importance IHRM challenges of the Galaxy resources investment and their operation....2
6) How the Chile host design an strategic IHRM plan to deal with different challenges......2
RCOMMENDATIONS..........................................................................................................3
Performance Management......................................................................................................3
CONCLUSION................................................................................................................................5
REFERENCES................................................................................................................................6

INTRODUCTION
International human resource management is obsessed with the human resource problems
of multinational firms in international subsidiaries. In order to contribution of HRM in the global
success of its firm that it mainly generate the competencies to understand or implement on all
HR practices or functions like development of management, training, staffing, directing in an
effective manner1. In regards with MNE's business strategy characterised globalization with the
main use of international assignees and develop own competencies in order to support them. In
this report Galaxy resources has been taken as an organization which is Australian public mining
company. Along with this assignment emphasis on viability of entering in emerging economy in
the chile host country. Apart from this company's background information, emerging country's
background information and significant or challenges, entry mode and strategic IHRM plan will
get covered in this assignment.
1) Galaxy Resource company background information.
Galaxy resources limited is the lithium company that exploration of minerals in the
Australia or Argentina. This company holds the interest in the Sal De Vida in Argentina. This
company headquartered in Apple cross, Western Australia and founded in the year of 1996.
along with this, company deals with spodumene, lithium carbonate and hydroxide product in a
perfect manner2.
2) The rationale of Chile Host that is emerging economy country.
Chile host is a South American country which is occupying with larger economy of the
world. This is a large country due to several policies like monetary policy, fiscal policy, trade
agreement etc. In term of emerging economy country it justify the economies which are
developing rapidly and the working condition make economy progress more sustainable in a
good way. For the expansion of business in the Chile Host is a good decision because there are
1 Al Ariss, Akram, and Yusuf Sidani. "Comparative international human resource
management: Future research directions." Human Resource Management Review 26, no.
4 (2016): 352-358.
2 Budhwar, Pawan S. International human resource management. Edward Elgar
Publishing Limited, 2016.
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huge people and laws and legislation are also good that makes country effective in better way.
That's why this country is the good option in order to expend business in a proper way.
3) Chile Host emerging economy's background information.
This is a emerging economy because Chile host country has few characteristics for
developed market. According to the emerging economy country have sufficient fund in order to
reach attaining goals and objectives in a effective manner3.
4) Justification of entry mode.
There are two types of entry mode such as equity or non equity wherein, equity entry
modes includes in the wholly owned subsidiaries and joint venture includes in export and
contractual agreements. Both are helpful for Galaxy resources company in order to enter in the
Chile host organization to expansion of business in an effective manner.
5) Importance IHRM challenges of the Galaxy resources investment and their operation.
Significance of IHRM: Firstly, international human resource management has enhance
the business opportunities for any kind of firm and employees as well.
Secondly, IHRM is a very relevant topic for every firm in order to make organization
modern in a attractive way.
Challenges of IHRM: There are lot of challenges like cross cultural issues, ethics which is
differentiate the nigh or wrong4. So that these challenges faced by IHR manager. For this Galaxy
Resource Company invest money according to the situation of IHRM and also operate their
business accordingly.
6) How the Chile host design an strategic IHRM plan to deal with different challenges.
There are different type of strategic plan in order to deal with the several challenges
which are given below:
3 Budhwar, Pawan S. International human resource management. Edward Elgar
Publishing Limited, 2016.
4 Collings, David G., Geoffrey T. Wood, and Leslie T. Szamosi. "Human resource
management: A critical approach." In Human Resource Management, pp. 1-23.
Routledge, 2018.
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Chile Host prepares IHRM plan in order to enhance the quality of leadership or
management globally so that it is the huge challenge which identify the company's strategies.
Company's HR always controlled or manage the improvements in business requirement
for good talent or skills effectively5.
These strategies define the looking forward workforce strategy in an effective manner.
Therefore, these strategies are very much useful for making or designing the better strategies
plan in a good way. For face lot of challenges at different stage. In regards with Chile host, it
makes better strategies plan for long stability in another country efficiently.
RCOMMENDATIONS
From the above knowledge it has been recommended that HR manager of Galaxy
resources should opt different types of decision or effective strategies in order to make clear
vision in front of the customer or company's employees.
Performance Management
There are several strategies which all are determine the actual performance employees
and managers from different countries, which are given below:
Strategies:
ocal or home country employees: The performance of local/Chile Host country's employees are
good because they have knowledge of the local culture or several practices of business in order
to solve potential problem in a good way. Whereas, Australia/ home country's employees have
lot of skills in order to make their culture different and have ability to learn foreign culture for
best qualities in the business model6.
Feedback from home manager and host country manager: Home manager like Australia their
manger is very good in order to take good decision for their company employees because they
5 Guest, David E. "Human resource management and employee well‐being: Towards a
new analytic framework." Human Resource Management Journal 27, no. 1 (2017): 22-
38.
6 Moore, Larry F., and P. Devereaux Jennings, eds. Human resource management on the
Pacific Rim: Institutions, practices, and attitudes. Vol. 60. Walter de Gruyter GmbH &
Co KG, 2017.
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understand their home country rules and legislations so that they give good feedback in
appropriate manner7.
Whereas, host country manager that is Chile country their manager also understand the
requirement of their people of employees and then fulfil them in a effective way. So this can be
said that both countries are different but focuses on their culture or people need in a good way.
Therefore these strategies or performance management shown the difference between
local or host country. This is essential to know other company's culture and their growth for the
future development so that company can easily expand their business in a effective way which is
good for both countries in a particular manner8.
7 Sekiguchi, Tomoki, Fabian Jintae Froese, and Chie Iguchi. "International human
resource management of Japanese multinational corporations: Challenges and future
directions." Asian Business & Management 15, no. 2 (2016): 83-109.
8 Wilton, Nick. An introduction to human resource management. Sage, 2016.
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CONCLUSION
As per the above assignment it has been concluded that Galaxy resource company is
viable in order to enter in another country that Chile host for making better expansion of
business. The main thing is that Chile host country is good for business because their
government rules and legislations are very easy so that firm can easily expand their business in a
effective manner.
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