StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Challenges Faced by Multinational Companies - Term Paper Example

Summary
The paper 'Challenges Faced by Multinational Companies' is a great example of a management term paper. It is evident that business has changed rapidly in recent times owing to the development in various domains. This development has been in the form of technological advancement, the emergence of new business theories and concepts…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER91.3% of users find it useful

Extract of sample "Challenges Faced by Multinational Companies"

Download file to see previous pages

The paper 'Challenges Faced by Multinational Companies' is a great example of a management term paper. The business has changed rapidly in recent times owing to the development in various domains. This development has been in the form of technological advancement, emergence of new business theories and concepts. This aspect has benefited the business units all over the world and has also led towards augmenting the competition amid the players within the global platform (Noe, 2008). Contextually, companies need to develop effective strategies to sustain and gain a competitive advantage over rivals.

In this regard, business units need to ensure effectiveness in each of the business functions, including marketing, finance, operations, and human resources. This particular study will present an extensive discussion about the importance of human resource management (HRM) in strengthening any business's operational efficacy.Notably, the concept of Human Resource Management (HRM) is a modern-day phenomenon, which primarily involves managing people by determining a particular mode that influences them to accomplish any business's set objectives.

In the present day context, Human Resource (HR) functions for companies include tools that are used to conduct an accurate analysis of individual and group-level efficiencies of the people in the workplace, which are utilized towards enhancing productivity and attaining sustainable growth for the overall business (Broad, 1997). In this particular essay, a few of the significant challenges confronted by the multinational companies in the three domains of human resource management, i.e., International recruitment and selection, reward and compensation, and Performance management, will be depicted.

Contextually, the essay will provide recommendations that will help companies deal with the aforementioned challenges up to an extent. With the advent of globalization, companies are seen to be expanding their operations across regional, national, and international boundaries to develop a strong reputation for themselves in the global business environment.

...Download file to see next pages Read More

CHECK THESE SAMPLES OF Challenges Faced by Multinational Companies

Integrating Multinational Firms Into International Economics

Yip published in the year 2000 talks about the Challenges Faced by Multinational Companies in managing global customers.... Yip published in the year 2000 talks about the Challenges Faced by Multinational Companies in managing global customers.... Previously multinational companies gave free hand to their national subsidiaries to buy on global basis, but this approach faced a number of problems like product inconsistency, incompatibility of equipment....
2 Pages (500 words) Research Paper

Lenovo Business Project Analysis

The threat of substitutes in the global consumer technology industry is further observed at a high degree, where companies attempt to operate in a concentrated form offering almost similar products and also since the price, as well as quality features of one product, tend to cause a significant impact on the characteristics of its nearest substitute....
20 Pages (5000 words) Dissertation

Financing of Business Activities of Cogitel

Since sustainability is a prime factor, many companies from the list of fortune 500 companies exited, however, others still are running in the list for their remarkable performances.... Those who are out from this list have either become private companies or have altogether wound up their particular organization.... The main reason I chose sustainability as my research topic is because evaluation reveals that many public companies fail to meet their sustainability goals, whereas many private companies grow rapidly over the years in this corporate world....
23 Pages (5750 words) Essay

Rise and Growth of Multinational Companies

The paper "Rise and Growth of multinational companies" explains how can we account for the rise and growing role of MNEs from the Asia Pacific in the global economy.... Many multinational firms from the Asia Pacific region have been able to conquer world markets, supplying a variety of goods and services across the world.... Statistics show an increase in the number of multinational firms in the international market from developing countries, evident through an increase in FDI from developing nations as illustrated in the graph....
9 Pages (2250 words) Essay

Cultural Challenges Faced By Multinational Corporations in People Management

This essay "Cultural challenges faced by multinational Corporations in People Management" discusses cultural challenges in people management, it is important for organizations to set clear regulations on the conduct of their team members in accordance with the foreign country they visit.... Retaining and engaging workers in foreign locations is one of the most common challenges faced by multinational corporations.... For instance, some prepare policies that act as a guide for companies willing to enter the country and conduct business (Hofstede, 2001)....
10 Pages (2500 words) Essay

Ethical Issues Faced by Multi-National Companies

This coursework "Ethical Issues Faced by Multi-National Companies" focuses on different moral standards within the countries, which brings challenges to the operation of multinational companies.... Because of this, successful multinational companies require to solve these ethical issues.... multinational companies are organizations that control production or services facilities outside nations they are based on.... In developing countries, multinational companies experience ethical issues as they are forced to bribe foreign officers in an exchange for the violation of the official duties....
6 Pages (1500 words) Coursework

Divergence of HRM Practices in International Organisations

This report aims at elaborating the management concept of “Global Organisation” in retail market, which has been recently introduced in the business arena.... The term ‘global organisation' involves changes in the management practices, which further refer to the improved.... ... ... The paper "Divergence of HRM Practices in International Organisations" is a wonderful example of a report on human resources....
12 Pages (3000 words)

Cultural Challenges in Overseas Multinationals

ultural differences are one of the common challenges faced by human resource managers within an overseas context.... The most common challenge faced by companies operating in such an environment is a cultural difference, an issue that must be considered for coherence and understanding to prevail.... The liberalization of economies across the world has led to the emergence of companies that are global citizens, having operational units in different countries across the globe....
12 Pages (3000 words) Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us