International HRM

Global Perspective

Global Perspective

Globalization: refers to the process of integrating world economies. Also called Internationalisation.

Global Perspective

1. 2.

Drivers of Globalization:
Rapidly developing economies have huge markets Many MNCs are locating their subsidiaries in low wage and low cost countries to reduce their cost of production Changing demographics – India’s population is getting younger in the coming decade and population of developed countries will be getting older

3.

Global Perspective

4.

Drivers of Globalization:
Formation of regional trading blocks – WTO, EU, NAFTA, MERCOSUR and FTAA, etc. Trading blocks seek to promote international business by minimising trade and investment barriers. Declining trade and investment barriers Technology developments

5. 6.

Global Perspective
 1.

2. 3. 4.

5.

Five currents of globalisation as per Boston Consultancy Group: Growth of rapidly growing developing economies (RDEs). RDEs identified are China, India, Mexico, south East Asia and Central and Eastern Europe. Cost and capital advantages of RDEs Development of talent and capabilities in RDEs Migration of customers to RDEs Development of RDE-based global competitors

Global Perspective


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Ripple Effects of Globalisation: Globalisation and Management Globalisation and Jobs Globalisation and Wages Globalisation and Child Labour

Global Perspective

Shift Due to Globalisation, Liberalisation and privatisation of the Indian Economy post macroeconomic crisis in 1991

Global Perspective

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Distinct advantages in India that can be leveraged: The large English speaking population The robust and very affordable educational System The hardworking ability of the average Indian The ‘team’ culture that is embedded in the ‘joint family’ values The democratic political system

Global Perspective
Plan of Study:
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Ch.1 – Global perspective Ch.2 – Multiculturalism


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Ch.3 – Nature of IHRM Ch.4 – International Strategic HRM Ch.5 – HRM in Cross-Border Mergers and Acquisitions

Global Perspective
Plan of Study:
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Ch.6 – Staffing International Business Ch.7 – Training and Development Ch.8 – Performance Management Ch.9 – Compensation Ch.10 – Repatriation Ch.11 – Industrial Relations Ch.12 – Ethics and Social Responsibility in IB

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