Topic > Globalization and Human Resource Management - 1375

With the proliferation of the Internet, international business transactions are more common than ever. Globalization is now a key factor in creating a business strategy for most businesses, whether they are small family businesses or large corporations. However, globalization does not just imply the sale of a product in other countries. There are legal and cultural concerns that need to be addressed. The legal aspects are quite simple because in most places the laws are spelled out. It's the local customs and regional way of doing things that can be tricky. Research on globalization has shown that it is not an omnipotent, one-way force that levels everything in its path. Since a global culture does not exist, any research would be useless. It is more fruitful to focus instead on particular aspects of life that are actually affected by the globalization process. (1). In this new economy, as has happened in the past, people and not machines will determine the success of a company. Having an effective human resources management team that effectively analyzes the current and future needs of your company's staff is crucial in any business organization. Globalization can not only affect a company that opens an office in another country, but it can also affect a local small business. As the Internet brings the world closer together, it becomes much more likely that a business open with no intention of selling internationally will have customers from different parts of the world asking for their product. For example, a Pennsylvania-based steel company might suddenly find orders coming from South American factories. How the mill chooses to handle this new international customer could mean... half paper... and as it becomes a more important part of our country's economic well-being, our country's workforce will have to be responsive to new commercial environment. We can do this by looking beyond our “neighborhood” when it comes to workforce selection. Having an individual who is familiar with the customs of another ethnic group, an individual who is a member of the ethnic group you are doing business with, is critical to creating a truly rewarding business. For many companies like Banco Popular or Intel, having foreign and bilingual employees has proven to be the right ingredient for their success. An added benefit of a diverse workforce is that stereotypes and ethnic barriers are often broken down in the process. Bringing our nation closer to America's image of the melting pot.