Explain the major differences between domestic human resource management (HRM) and international HRM.
Explain some cultural concerns that the organization will need to consider when developing the business plan. Some key cultural points to address would be the host country culture and norms that will affect the employees and leadership.
Develop a mission statement to cover the main goals and mission of the organization in order to function effectively in the overseas location with short-term goals.
Explain the spread and growth of internationalization and how this affects your fictitious company.
Develop an outline for a basic business plan and strategy to include a vision statement that looks three to five years in the future.
Address any legal and safety issues.
Domestic and international human resource management
Full Answer Section
Cultural Concerns for International HRM
When developing a business plan for an international expansion, it is important to consider the cultural concerns of the host country. Some key cultural points to address include:
- The host country's culture and norms: The host country's culture and norms will have a major impact on how the business operates. For example, the business may need to adapt its dress code or its business hours to conform to the host country's culture.
- The host country's employment laws: The host country's employment laws will also need to be considered. For example, the business may need to provide different benefits or different levels of severance pay depending on the host country's laws.
- The host country's workforce: The host country's workforce may have different skills and expectations than the workforce in the home country. The business will need to take these differences into account when hiring and managing employees.
- To provide high-quality products and services to customers in the host country.
- To create a positive work environment for employees in the host country.
- To contribute to the economic development of the host country.
- The rise of globalization: Globalization has made it easier for businesses to operate in multiple countries.
- The growth of multinational corporations: Multinational corporations have expanded their operations into new markets.
- The growth of trade: Trade between countries has increased.
Sample Answer
Major Differences Between Domestic HRM and International HRM
Domestic HRM and international HRM are two different approaches to human resource management. Domestic HRM is focused on the management of employees within a single country, while international HRM is focused on the management of employees across multiple countries.
There are a number of key differences between domestic HRM and international HRM. These differences include:
- Legal and regulatory environment: The legal and regulatory environment in different countries can vary significantly. This can have a major impact on how HR practices are implemented.
- Cultural factors: Cultural factors can also have a major impact on how HR practices are implemented. For example, what is considered to be appropriate behavior in one culture may be considered to be inappropriate in another culture.
- Language barriers: Language barriers can also pose a challenge for international HRM. This can make it difficult to communicate with employees and to understand their needs.
- Distance: Distance can also be a challenge for international HRM. This can make it difficult to manage employees who are located in different countries.