Professional Documents
Culture Documents
Resource Management
MGUMBA Batch 12 & 14
Common or Unique
Team up - https://www.youtube.com/watch?v=jD8tjhVO1Tc
International vs. Global
https://www.youtube.com/watch?v=9cO1a_kLur8
https://www.youtube.com/watch?v=o08ykAqLOxk
What is HRM
https://www.youtube.com/watch?v=RpHX03q_3UI
What is IHRM
https://www.youtube.com/watch?v=kqr8r8r95x0
Licensing
Types of international businesses
When considering strategic entry into an international market, licensing is a low-risk and relatively fast foreign market
entry tactic.
Franchising
Franchising enables organizations a low cost and localized strategy to expanding to international markets, while
offering local entrepreneurs the opportunity to run an established business.
Exporting
Exporting is the practice of shipping goods from the domestic country to a foreign country.
Importing
Imports are the inflow of goods and services into a country's market for consumption.
Contract Manufacturing
In contract manufacturing, a hiring firm makes an agreement with the contract manufacturer to produce and ship the
hiring firm's goods.
Joint Ventures
In a joint venture business model, two or more parties agree to invest time, equity, and effort for the development of a
new shared project.
Outsourcing
Outsourcing business functions to developing foreign countries has become a popular way for companies to reduce
cost.
Offshoring
Offshoring entails a company moving a business process from one country to another.
Multinational Firms
With the advent of improved communication and technology, corporations have been able to expand into multiple
countries.
Direct Investment
FDI is practiced by companies in order to benefit from cheaper labor costs, tax exemptions, and other privileges in that
foreign country.
Countertrade
Global Human Capital Trends 2016
https://www2.deloitte.com/global/en/pages/human-capital/articles/introd
uction-human-capital-trends.html
The Task
Select a company, which has plans of going global. Prepare an HR plan for your
company regarding its plans to expand, including major HR functions.