Globalisation: Analysing Impact of International Forces on Business

This report provides an overview of globalisation, defining it as the integration process between countries through the import and export of goods and services. It highlights the inevitable nature of globalisation and its impact on world trade. The report examines the influence of international forces—political, economic, social, and technological—on HR strategy and practices. It details how globalisation affects hiring processes, budgeting, and planning in the economic sphere, and addresses cultural considerations, unemployment, and literacy rates in the social context. The report also acknowledges the positive technological advancements and cost savings associated with globalisation. References to academic sources are included to support the analysis.

GLOBALISATION

MEANING- GLOBALISATION
The process of integration between the countries and
region is called globalisation.
The export and import of goods and services is the
main function of the process.
It is inevitable and can be reverse the growth of the
world trade in goods and service.

INTERNATIONAL FORCES
 International forces affect
the HR strategy and HR
practices .
Different atmosphere is
main reason.
Function of Export and
Import.

INTERNATIONAL
FORCES
 Political
 Economical
 Social
 Technological
 Legal

IMPACT- GLOBALISATION
Political
 New Rules and regulation
 Face the issue
 Shutting Down

IMPACT- GLOBALISATION
Economical
• Affecting Hiring process
• Budget and Plan
• Insolvency
Social
• Culture
• Unemployment and literacy rate
• Inappropriate hiring process

IMPACT- GLOBALISATION
Technological
 Positive factor
Saving Money
Invest in research and development department

REFERENCES
 Krugman, P. (2017) Crises: The price of globalisation?. In
Economics of Globalisation (pp. 31-50). Routledge.
 Potrafke, N. (2015) The evidence on globalisation. The World
Economy, 38(3), pp.509-552.
 Zajda, J., (2015) Globalisation and its impact on education and
policy. In Second international handbook on globalisation,
education and policy research (pp. 105-125). Springer,
Dordrecht.
 Du Plessis, J.J., Varottil, U. and Veldman, J. (2018) Globalisation
of Corporate Social Responsibility and Its Impact on Corporate
Governance. Springer.
 Brewster, C., Vernon, G., Sparrow, P. and Houldsworth, E.,
(2016) International human resource management. Kogan Page
Publishers.