International Human Resource Management and its challenges.
The World is becoming broader less by every second. Unlikely to last centaury, going international seems not a big seen in today’s business world. International Human resource management is critical thing to be considered when an organization is looking to “going global”. Human resource is a critical resource in any organization. It is obvious that today’s most successful business is mainly depending on their employee’s brain power. Managing this complex creature of nature is called human resource management .International human resource management exist when an organization has to work with people from different cultures and countries. Human resource management is important to achieve company goals and objectives along with employee’s life and work satisfaction. This study becomes more complex in international level. The traditional economist's view that international trade is based on the comparative costs between nations. Smiths .(1776) theory of international trade stated that an overall welfare gain was made when countries produced the goods in which they had an absolute cost advantage (i.e. in which they were the cheaper provider) and traded them with other countries for goods in which those countries had absolute cost advantages. Organization mainly has two ways to get into international market. It is believed that organizations take step into international level to take comparative advantage And the other is find or develop markets for their products E.g.:- exporting, licensing, and direct labor off shoring. 1. 10th October 2011
3. ContentsI. Overview Starbucks -MilestonesII. PESTLE-Analysis • General Information • P – Political Issues • E – Economical Issues • S – Social Issues • T – Technological Issues • E – Environmental Issues • L – Legal IssuesIII. Conclusion 4. I. Company overview – Milestone (1)• Founded 1971 in Seattle‘s Pike Place Market• 1982: Howard Schultz becomes...
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