International Business Strategy

LON301BUS

Functional Area Excellence

Unit: 5 Knowledgecast: 2

• Communicate an in-depth understanding of the complexity of the environment and its applications on decision-making process

• Assess current developments in the organisational environment and alternative responses related to strategy

Module Learning Outcomes

International Human Resource Management

“The planning, selection, training,employment and evaluation of

employees for international operations.”(Cavusgil et al, 2007:548)

Three Employee Categories

Host Country

Nationals (HNCs)

Parent Country

Nationals (PCNs)

ThirdCountry

Nationals(TCNs)

Complexity of IHRM

Complexity

Greater involvement in employees lives

The need for a broader perspective

New HR Responsibilities

External influences

Greater risk exposure

Managing diversity

Keys Tasks in IHRMTask Strategic Goal

ExampleChallenge

International Staffing Policy

Develop Global Managers

Cultivate Global Mindsets

Preparation and Training of Employees

Train employees with an emphasis on area studies

Minimize culture shock

International Performance Appraisal

Assess how managers perform abroad

Establish uniform organisationwide performance benchmarks

Financial Management and Accounting in the International Firm

Tasks

2. Raise funds for the Firm

1. Decide on the capital structure

6. Manage diversity of international practices

5. Currency Risk Management

4. Capital Budgeting

3. Working Capital andCash Flow

Management

• Communicate an in-depth understanding of the complexity of the environment and its applications on decision-making process

• Huge complexity in managing diverse human resource • Assess current developments in the organisational

environment and alternative responses related to strategy

Increasing harmonisation of cross-national accounting practices enables international organisations to simplify reporting.

Knowledgecast Summary

Regular Assignment – Presentations

Your module tutor will allocate you a time to makeyour assessed presentation during this session.

Seminar

Regular Assignment – Presentations

Your module tutor will allocate you a time to make your

assessed presentation during this session.

Group Activity