The Impact of Globalization on Hr Practice
Impact of Globalization on Human Resource Practice
Nwadei Lucky, Department of Business Administration, University of Education, Winneba Ghana
ABSTRACT
Globalization is bridging barriers of communication, culture and commerce and one major area its impact is felt is how the world is becoming one marketplace. Multinational enterprises are the actors in this process and a major emphasis in many such organizations is the practice of Human resource which has been shaped tremendously by the impact of globalization. HR practice is changing and is been changed to reflect the changing face of people management.
* Abstract
* GLOBALISATION
* Globalization defined
* Globalization – A historical perspective
* Drivers of Globalization
* Effects of Globalization
* Ethical Globalization
* GLOBALIZATION IN THE WORKPLACE
* The Rise Of Free Trade
* Multinational Enterprises as Actors of Globalization
* HUMAN RESOURCE PRACTICE
* Human Resource Practice in Multinational Enterprises
* Direct Effect of Globalization on HR Practice
* CONCLUSION
GLOBALIZATION
GLOBALIZATION DEFINED
There are many different definitions of globalization, but most acknowledge the greater movement of people, goods, capital and ideas due to increased economic integration which in turn is propelled by increased trade and investment. It is like moving towards living in a borderless world1. Globalization (or globalization) refers to the worldwide phenomenon of technological, economic, political and cultural exchanges, brought about by modern communication, transportation and legal infrastructure as well as the political choice to consciously open cross-border links in international trade and finance2. It is a term used to describe how human beings are becoming more intertwined with each other around the world economically, politically, and culturally.
1
Nwadei Lucky, Department of Business Administration, University of Education, Winneba Ghana
ABSTRACT
Globalization is bridging barriers of communication, culture and commerce and one major area its impact is felt is how the world is becoming one marketplace. Multinational enterprises are the actors in this process and a major emphasis in many such organizations is the practice of Human resource which has been shaped tremendously by the impact of globalization. HR practice is changing and is been changed to reflect the changing face of people management.
* Abstract
* GLOBALISATION
* Globalization defined
* Globalization – A historical perspective
* Drivers of Globalization
* Effects of Globalization
* Ethical Globalization
* GLOBALIZATION IN THE WORKPLACE
* The Rise Of Free Trade
* Multinational Enterprises as Actors of Globalization
* HUMAN RESOURCE PRACTICE
* Human Resource Practice in Multinational Enterprises
* Direct Effect of Globalization on HR Practice
* CONCLUSION
GLOBALIZATION
GLOBALIZATION DEFINED
There are many different definitions of globalization, but most acknowledge the greater movement of people, goods, capital and ideas due to increased economic integration which in turn is propelled by increased trade and investment. It is like moving towards living in a borderless world1. Globalization (or globalization) refers to the worldwide phenomenon of technological, economic, political and cultural exchanges, brought about by modern communication, transportation and legal infrastructure as well as the political choice to consciously open cross-border links in international trade and finance2. It is a term used to describe how human beings are becoming more intertwined with each other around the world economically, politically, and culturally.
1
References: 1. “Globalisation and the historic course”,13/02/2002, www.geocities.com/wageslavex/globahc.htm 2. “Globalization, Growth and Poverty: Building an Inclusive World Economy”, 22/04/2002, http://econ.worldbank.org/prr/subpage.php?sp=2477 3. “Globalization: Threat or Opportunity?”, January 2002, 13/05/2002, http://www.imf.org/external/np/exr/ib/2000/041200.htm#I, 4. “Investment Winners and Losers”, Money, October 1992, p. 133 5. “Services: Multinational/Globalization Issues”, M&A Mercer, 7/05/2002, http://www.mercerhr.com/service/list.jhtml?idLanguage=500&idCategory=116000000&_requestid=68887 6. “The Impact of Globalization on Developing Countries: Risks and Opportunities”, 29/01/2002,www.planalto.gov.br/publi_04/COLECAO/IMPACT3.htm 7. GARETH R.J & GEORGE J. M, “Managing the Global Environment” in Contemporary Management, 3rd edition. McGraw Hill (2003) pp184 - 195