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International Human Resource Management College - Essay Example
The process of globalization involves all areas of public life, including economy, politics, social sphere, culture, ecology, and safety. It is one of the most influential forces determining the future global development of HRM. The basic sphere of globalization is the international economic system, i.e…
Finally, the research will evaluate the strategic importance of IHRM and the impact of such factors as economic, social and political pressure on IHRM.
1. An international organisation can only perform effectively through interactions with the broader external environment of which it is part. The structure and functioning of the international organisation must reflect, therefore, the nature of the environment in which it is operating. Factors such as uncertain economic conditions, fierce world competition, the level of government intervention, scarcity of natural resources and rapid developments in new technology create an increasingly volatile environment (Nath, 1988). In order to help ensure its survival and future success the international organisation must be readily adaptable to the external demands placed upon it using appropriate structure and support of its HR management team. In this case, the international organisation must be responsive to change through people employed by it. Contemporary developments in the field of IHRM suggest that the main pressure of change is from external forces. The IHRM must be properly prepared to face the demands of a changing environment.
On the one hand, cont ...