Case Study Report Essay Example | Topics and Well Written Essays - 3000 words - 2

Case Study Report - Essay Example Multinational companies have realised that human resource management is important as it provides global strategies that would help in managing the workforce, thus gain success and a significant market share in foreign countries (Shah et al. 2012: 28). This paper will explore globalisation and internationalisation of business firms, the structures and strategies of multinational companies and how they influence human resource management. Globalisation is a concept that has been in existence for many years. Multinational corporations emerged as a result of globalisation. In order to ensure that their businesses run smoothly, multinational corporations have developed different strategies in line with their different structures. These strategies influence human resource management to carry out different activities regarding to the recruitment, selection, training and performance of the workforce. These strategies bring some benefits and limitations to the organisation. This paper will discuss the preceding issues relating to multinational corporations and human resource management (Barber and Alegre, 2010: 11). The term globalisation has different meanings in reference to different contexts, and in this situation it refers to the quick, uninterrupted inter-border flow of technology, services, money, information, goods, ideas, and cultures all over the globe. Through globalisation firms are able to operate in many countries, utilising local and foreign labour, capital and technology, marketing, management skills and therefore, becoming Multinational corporations. Firms internationalise to look for markets, exploit firm-specific advantages and to gain access to various factors of production, labour being a key factor. Multinational corporations utilise local and foreign work forces, therefore, require an effective human resource management that will successfully manage the workforce and ensure productivity. Multinational