IDEAS home Printed from https://ideas.repec.org/h/elg/eechap/21925_1.html
   My bibliography  Save this book chapter

Introduction to The Global Challenge

In: The Global Challenge

Author

Listed:
  • .

Abstract

A look at the history of international business shows that balancing what is global and what is local - as Netflix is attempting - has always been a challenge for multinational organizations. While changes in technology and other elements of the global context of business impact how multinational organizations are managed, certain key questions are constant: How can we build on the existing strengths of a company when going abroad but also be responsive to local needs? How do we control and coordinate diverse units and people across the world as well as capturing the advantages of the international operations of the firm? In this chapter we first explore the challenges companies face as they internationalize. We then address the question of how people management - or “Human Resource Management” (HRM) - adds value in international firms, arguing that HRM can best contribute to firm performance when people management practices support the organizational capabilities necessary for the firm to compete. We review the domain, represented by a People Management Wheel, highlighting its guiding principles, core people management practices, and desired outcomes. We conclude that while the HR professionals have the functional responsibility, people management must be part of the key responsibilities of line managers and top executives, while employees need to take responsibility for their own career development. The reader should note that in this book we use “people management” and “HRM” as synonyms, while ‘HR’ refers to the ‘Human Resources’ function of the organization.

Suggested Citation

  • ., 2023. "Introduction to The Global Challenge," Chapters, in: The Global Challenge, chapter 1, pages 1-36, Edward Elgar Publishing.
  • Handle: RePEc:elg:eechap:21925_1
    as

    Download full text from publisher

    File URL: https://www.elgaronline.com/view/9781035300723.00006.xml
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Priyan, S. & Matahen, Reem & Priyanshu, Deepa & Mouqdadi, Mahera, 2024. "Environmental strategies for a healthcare system with green technology investment and pandemic effects," Innovation and Green Development, Elsevier, vol. 3(1).
    2. Khan, Shah Khalid & Shiwakoti, Nirajan & Stasinopoulos, Peter & Chen, Yilun & Warren, Matthew, 2024. "The impact of perceived cyber-risks on automated vehicle acceptance: Insights from a survey of participants from the United States, the United Kingdom, New Zealand, and Australia," Transport Policy, Elsevier, vol. 152(C), pages 87-101.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:elg:eechap:21925_1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Darrel McCalla (email available below). General contact details of provider: http://www.e-elgar.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.