Human Resource Management Online Tutoring

Introduction:

After reaching to a global scale, company may be bound to utilize numerous resources and opportunities associated with global presence. The opportunities can be explored and obtained through employing balance between centralized integration and local adaptation approaches in by human resource functions. When companies achieve global scale then they should not be unperturbed but they may have many opportunities to avail by carrying global scale. The basic purpose of exploring this issue is to see what companies are doing and what they should do after reaching to global level.

In fact, international Human Resource Management helps to avail opportunities such as adapt to local market differences, exploit global economies of scale, exploit economies of global scope, tap into the best locations for activities and resources, and maximize knowledge and experience transfer between locations. This issue of exploring the opportunities can minimize the weaknesses of a global company and strengthen its operations in a big way. In this report, it has been discussed that what the major obstacles and challenges associated to these opportunities as well as how centralized integration and local adaption supports to exploit all these opportunities to make a company, a top level company of the globe. There are several examples of huge companies such as Pepsi, Coke, Microsoft, HP, Dell and Motorola to understand the statement in a very obvious and straightforward mode.

Global Presence

It has been argued that world’s economies are increasingly integrating into one global economy, and the competitive pressures to establish and maintain a global presence and the opportunities that abound therein have taken on great importance. The geographic dispersion, multiculturalism, different legal and social systems, and the cross-border movement of capital , goods, services and people that the international firm faces adds a need for competency and sensitivity is not found in the domestic firm. Now the question is what local firms expect from foreign corporations? The development of domestic industries through the potential positive consequence of multinational corporations’ (MNCs) activities, notably via the avenues of transfer of technological and management expertise and sustained economic growth, are among the foremost expectations. Social and economic development depends on several factors, such as investments from the private and public sector in education, health, safety, infrastructure, and technological innovation, and private companies. MNCs as well as local Small and Medium Enterprises (SMEs) have a crucial role to play in this regard. However, having companies set up in a given area in itself is not a guarantee for fostering development.