Analysis of International Human Resource Management Practices Report
VerifiedAdded on 2023/01/06
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Report
AI Summary
This report provides an overview of International Human Resource Management (IHRM), focusing on the challenges and strategies involved in managing human resources across different countries. It begins by highlighting the importance of HR practices and the need for understanding cultural and structural differences when expanding a business internationally. The report then delves into the reasons behind Multinational Corporation (MNC) failures, emphasizing the importance of market knowledge and adapting to local working cultures. It also explores the differences between domestic and international structures, cultures, and processes, using the example of Sainsbury's to illustrate how a company adapts to the UK market. The conclusion stresses the crucial role of HR in business growth and the need for effective IHRM practices to succeed in the global market, as well as the importance of understanding culture and structure in international business.
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