What Do You Consider Are the Most Important Strategic Challenges for Today’s Hr Practitioners Operating in Multi- or Transnational Companies?
Take Home Exam
Question 1:
What do you consider are the most important strategic challenges for today’s HR practitioners operating in multi- or transnational companies? Critically discuss your position drawing on ideas and arguments raised during the semester and with reference to a brief example from industry.
Introduction
Nowadays, with the increased level of globalization and advance in technology, new markets and international business have grown dramatically in the whole world. As a consequence, firms are now experiencing fierce competition at both national and international level. Under this circumstance, today’s HR practitioners are encountering several strategic challenges when operating in multinational and transnational companies. Thus, they need to fully understand the complexity of the drivers of globalization (such as finance, technology, transport of goods), having global perspective and implementing proper strategies to react on those pressures to develop global competencies in different regional and national settings. This essay will firstly identify the key strategic challenges for today’s HR practitioners operating in multi or transnational companies faced. Simultaneously, the report will provide some solutions and recommendations on coping with those challenges. Subsequently, this article will choose Coca Cola, the most quintessential global corporation as a specific example. A conclusion will come in the end.
In order to enhance global competitive advantage, HR practitioners need to clearly identify and delineate the main challenges facing and raised when corporation operates its business in its overseas subsidiaries. The most prominent challenges, cultural and corporate social responsibility will be discussed in depth.
Cultural Adaptability and Communication
Adapting to different cultures has been increasingly becoming the most critical challenge for today‘s multinational and transnational companies. This is due to the
Question 1:
What do you consider are the most important strategic challenges for today’s HR practitioners operating in multi- or transnational companies? Critically discuss your position drawing on ideas and arguments raised during the semester and with reference to a brief example from industry.
Introduction
Nowadays, with the increased level of globalization and advance in technology, new markets and international business have grown dramatically in the whole world. As a consequence, firms are now experiencing fierce competition at both national and international level. Under this circumstance, today’s HR practitioners are encountering several strategic challenges when operating in multinational and transnational companies. Thus, they need to fully understand the complexity of the drivers of globalization (such as finance, technology, transport of goods), having global perspective and implementing proper strategies to react on those pressures to develop global competencies in different regional and national settings. This essay will firstly identify the key strategic challenges for today’s HR practitioners operating in multi or transnational companies faced. Simultaneously, the report will provide some solutions and recommendations on coping with those challenges. Subsequently, this article will choose Coca Cola, the most quintessential global corporation as a specific example. A conclusion will come in the end.
In order to enhance global competitive advantage, HR practitioners need to clearly identify and delineate the main challenges facing and raised when corporation operates its business in its overseas subsidiaries. The most prominent challenges, cultural and corporate social responsibility will be discussed in depth.
Cultural Adaptability and Communication
Adapting to different cultures has been increasingly becoming the most critical challenge for today‘s multinational and transnational companies. This is due to the