This project analyzes the HRM strategies of Philip Morris International (PMI), a leading tobacco company, covering various aspects of human resource management. It begins with an introduction to HRM and its importance, followed by an examination of PMI's strategic HRM approach, emphasizing the alignment of HR policies with company strategy and the role of HR in adding value to business operations. The project then explores the impact of national culture on HRM practices, highlighting the importance of adapting strategies to local contexts. It further discusses employee rights and the importance of equitable working conditions within PMI. The analysis includes an examination of Storey's 27 points of difference, the impact of local culture on HRM practices, and the differences in employment laws when international HRM changes local business systems. The project emphasizes the importance of considering local culture in HRM practices and the benefits this brings to the organization. Overall, the project provides a comprehensive overview of HRM strategies, their implementation, and their impact on a multinational corporation like PMI.
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