Essays on Journal Of World Business

Introduction

Many managers these days are asking themselves whether they manage to find the right people for transporting business or project success. They ask themselves several questions. How do I find the human resource management that will enable the continued growth and prosperity of the organization? Is there an effective strategic planning of the workforce that takes into account the constraints and future requirements in a corporate environment? The answers to these questions involve huge business advantage and long-term success. This is the reason why Talent management has become progressively significant for business organizations due to consistently changing business conditions. ...

Introduction

Human Resource Management a distinctive approach to the employment management consist of two main forms of existence – one is in academic discourse and activity and other is in form of practice in organizations to employ people and have employment relationships. Human Resource management gains a competitive advantage where the value of the service is determined by the quality or how close it fits into customer needs. Establishing the human resource practice has a positive influence on company’s bottom line. Human Resource management builds a commitment, productive workforce and takes up the responsibility in increasing the employee engagement and ...

Global Talent Management (GTM) makes the subject of the article “The Role of the Corporate HR Function in Global Talent Management”, written by Elaine Farndale, Hugh Scullion and Paul Sparrow and published in 2010 in Journal of World Business. The discussion covers the challenges of GTM in the current global economy, reflecting more upon the corporate Human Resources (CHR) tasks into managing GTM. The authors of this article use a HR specialized language for presenting the current situation of multinational companies (MNCs) that are playing in a global economy, having increased concern for developing their competitive power by approaching GTM as ...

MNCs are more likely to pursue global uniformity or differentiation

Introduction The Multinational Corporations (MNCs) are an essential part of the world in terms of an economy that is directly associated with the employment and trading. The performance of the multinational corporations is based on its employment structure and the human resource capability. The employees are the primary factor to achieve competitive advantage based on their knowledge and skills. The realization of the importance of the human resource management is directly resulting in the best practice of the human resource policies. As the multinational corporations are operating in a number of countries, therefore, such organizations face several kinds ...

IHRM

Introduction Firms that do not have the quality human resource face challenges in managing its operations globally and in attracting quality human resource (Farndale, Scullion, and Sparrow, 2010). Therefore it is critical for firms to manage their human resource. For this reason, the practices of human resource management are decisive in the success of the organization. As firms expand their operations to different countries, organizations have to consider a lot more factors than they have to when they are managing an organization that operates in only one country (Adler, 2002). Therefore, the role of international human resource management practices ...

Changes in the global business environment (the external factors) that organizations need to address

It can be extremely crucial for organizational leaders to understand the environment before they commence business. External factors cannot be controlled by an organization. They include political conditions, government regulations, accounting agencies, social environment and technological environment. These external factors have an impact on an organization’s operations (Patrick Dowling, 2008, p. 78). Knowledge and clear understanding of the environment can be crucial for any organization that aims at being successful. Firstly, changes in market conditions create changes internally as organizations try to adjust. For example, in the past few years, the airline industry in the US underwent ...