Multinational Management

Multinational Management

Introduction

Multinational management is the type of policy and the plan of managing systems that profitably take benefit of international opportunities and act in response to international pressure.

Role of Geographic Dispersion and Multiculturalism in United States

A market that covers the whole world and a production area that it is limited mainly to America ( NAFTA 21%, with the United States representing nearly 15% of world production in 2007 ), the Asia (over 40 % of global output, up nearly 70% since 1997 ) and the Europe West (23% of world production, more than Nafta, which nearly half is provided by Germany and France ). Apart from China , whose production has increased by over 460% from 1997 to 2007 in 2007 to represent 12.1% of world production. (Caves & Mehra, 2006)

How Multinational Firms Expand and Grow through Mergers, Joint Ventures, and Alliances?

Alliance is a partnership between the firms in which the resources, capabilities and core competencies of firms are combined to achieve the best results. Alliance means cooperation between the two groups, which gives better results than those that could be derived from a simple transaction. As the markets continue to improve the competitive benefits of transactions, alliances may be the market leader, making a permanent improvement in their nature. On average, every-growing firm in the U.S. is involved in strategic alliances. Mergers, acquisitions and joint ventures include a numerous business opportunities in terms of, for example, expanding the market for sale or increase the profitability of the business.

What Challenges do HR departments face in realigning their international strategic planning models when such growth occurs?

The aim of the departments of Human Resources is to help individuals and organizations achieve their goals. In the course of their work Human Resources departments face many challenges arising from the demands and expectations of employees, organization and society. At both the national and international Human Resources management faces new challenges because of the increasing diversity of the workforce and the globalization of world economy. The departments of Human Resources Management also face the considerable challenge of the changing legal environment for the new conditions force many Latin American countries to undertake a fundamental review of its legislation on labor. (Ferner & Varul, 2000)

With this framework, the Human Resources Department should help the company achieve its goals within ethical parameters and in a socially responsible manner. Having a central information system and database is ...