‘Post-Cold War globalisation is driven by free-market capitalism and the questionable idea that the more a country opens up its markets to free trade, the healthier its economy will become… The result of the globalisation of markets is that goods, services, and ideas from all over the world are making their way into other cultures’ (Ferraro and Briody, 2017, pp.2−3).
· Now, with specific regards to national employment and HR systems, critically compare and contrast arguments in favour of and against the notion that patterns of HRM are likely to converge as multinational corporations extend their influence and globalisation reduces the difference between nation states.
· The word limit is 3,000 words (not including appendices).
· The referencing must be strictly Harvard’s.
· Use mostly provided resources.
Assignment details and instructions
To critically analyse, by providing evidence and examples, the extent to which Human resources (HR) patterns around the world are becoming more similar or whether specific HR patterns will be associated with specific countries because of the idiosyncratic historical, societal, economic and political context of the country. Keep in mind that this is a debate and the answer is not black or white.
You need to examine evidence from a variety of studies that point to either divergence or convergence and critically assess what these studies are actually implying (i.e. the level and type of convergence). You should also discuss and analyse the forces that could possibly push for convergence, as well as the factors that can prevent it from taking place and support the path-dependency view.
Moreover, you should also demonstrate an understanding of the role multinational corporations’ play in this process, as well as of the ethical considerations embedded in this debate. Use of specific examples, of either host countries or multinational corporations, will strengthen your arguments and help you provide a more in-depth analysis.
The content must demonstrate how to:
§ understand and define the concept of globalization
§ understand definitions of international human resource management and key debates in the field
§ Understand the difference between HR management and International Human resources management (IHRM) and how context shapes the latter.
§ understand the role of the multinational company (MNC) in the process of globalization
§ evaluate the key features of international business
§ examine the dynamics between multinational companies and nation states
§ Evaluate the impact of culture on IRHM.
§ define the key debates that exist in IHRM
§ evaluate the key challenges for HRM in multinational companies
§ critically evaluate the debate for and against convergence and divergence
§ Consider how best to transfer HR practices in multinational companies.
§ evaluate the features of a host environment
§ assess if and how HRM practices need to be altered to fit local conditions
§ Analyze the key challenges faced by the HRM professional when managing internationally.
§ assess how national culture impacts on an organization
§ understand the importance of expatriate management and cultural intelligence
§ Evaluate how cultural values shape human resource management strategy.
§ evaluate international variations in business ethics
§ evaluate models of corporate social responsibility
§ Understand the importance of transparency and accountability to ethical behaviors in international business.
Sources provided in attachment.
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