By Dennis R. Briscoe, Randall S. Schuler
This crucial ebook presents a radical origin for someone learning or operating in foreign human source administration. that includes info and examples from foreign company, consulting perform, educational study, and interviews with IHRM managers in multinational and worldwide corporations, it covers nearly every thing that's presently recognized within the box. The strategy deals either a theoretical and useful therapy of this significant and evolving region, depending seriously at the authors’ assorted and foreign backgrounds.
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Extra resources for International Human Resource Management. Policy and practice for the global enterprise
Even though they represent only a relatively small portion of the 111 2 3 4 5 61 7 8 9 10 1 2 3111 4 5 6 7 8 9 20 1 2 3 4 5111 6 7 8 9 30 1 2 3 4 5 6 7 8 9 40 1 2 3 4 5111 International business and IHRM • 13 US economy, the US is the largest exporter and importer. (Germany is No. 2, Japan No. 3, and the UK is No. ) In addition, the US is the largest recipient of immigrants. But, having said all this, the reality is that the degree of actual internationalization of the US economy has probably only reached about 10 percent of total economic activity (as measured by gross domestic product (GDP)).
Some of the larger (and more familiar) ﬁrms with greater than 50 percent of their revenues from outside their home countries include Hewlett-Packard, Intel, Xerox, Dow Chemical, McDonald’s, Manpower, Eastman Kodak, Nestlé, Exxon, Royal Dutch Shell, Unilever, IBM, Siemens, Volkswagen, Asea Brown Boveri (ABB), Coca-Cola, and Gillette. In addition, many well known ﬁrms are now owned by ﬁrms from another country, including Firestone Tire (owned by Bridgestone, Japan), Chrysler (owned by Daimler Benz, Germany), Guinness (owned by Diageo, UK), Holiday Inn (purchased by Bass but now a part of Intercontinental Hotels, Great Britain), RCA (owned by Thompson, France), Ben & Jerry’s Ice Cream and Best Foods (owned by Unilever, Netherlands/UK), Braun (owned by Gillette, US), Tropicana orange juice (acquired by Seagram, Canada, but recently acquired by Pepsi, US), Godiva chocolate (owned by Campbell Soup, US), Jolly Green Giant (owned by Grand Met, Great Britain), and Volvo and Jaguar (owned by Ford Motor Company).
Even the old assumptions that only the biggest of ﬁrms from the most developed countries can be and are involved with international business no longer hold. No business can any longer “pretend” that it doesn’t have to understand and react to the global marketplace. The conduct of “business” has become a truly global activity for many general reasons, including these new realities for MNEs: ● ● ● ● ● ● Increased travel. International travelers observe and use products and services that are available in other countries and often bring many of them back home, helping to develop global demand for these products and services.