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How do Multinational Companies balance their global identity with local cultural variations in order to succeed in diverse markets?

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Do you know why some companies plan to become multinational companies? Companies find ways to boost their revenue and expand their market influence. One way to do so is to become a multinational company. A multinational company (MNC) means that a firm operates in two or more countries. The home country is where the multinational company headquarters operate in and other countries that set up operations as a multinational company are host countries. The reasons some businesses want to become a multinational company is because, their primary and main goal is to increase profits and growth. It can also help expand global customer base and also increase market share abroad by opening offices in foreign countries that could be worth the effort and expense. Another reason could be to access a larger talent pool to hire only the best talented candidates around the world so that management can help to deliver innovative thinking and knowledge of products and services. However, it can also get ...
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How can Multinational Businesses manage their workforce globally through IHRM?

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What is International Human Resource Management (IHRM)? International Human Resource Management (IHRM) simply means that it surrounds all HR practices that helps to manage a global workforce. The responsibility of international HR professionals within multinational corporation are talent management that includes recruitment, expatriation and repatriation, training and development and compensation.  IHRM specialists are needed to deal with recruitment, onboarding and managing global dispersed employees in multinational corporations. Moreover, IHRM also deals with at least three types of employees according to the origin of the country.  They are:- Parent Country Nationals (PCNs) - Employees who belong to the country in which the company's headquarters are located. Host Country Nationals (HCNs) - Employees who belong the country in which the company has its subsidiaries. Third Country Nationals (TCNs) - Employees who work in the host country but are not nationals of either paren...
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How does Globalization impact on Human Resource Management Practices across Borders?

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The History of Globalization  In the early 1919 and 1939, the international businesses developed during the period of Worlds War(I) and World War (II). There were restrictions on imports and exports because of unhealthy relations and several countries faced a downside in economies as well. Then, sometime later, the world war countries gathered and found the need for trading globally with the use of international cooperation. Moreover, this formation led to International Monetary Fund (IMF) and World Bank. Further, their attempt in collaboration with advanced countries led to GATT (General Agreement of Trade & Tariffs) and in 1995, they were gradually replaced by WTO (World Health Organization). So, in the overall, during the 1990s, efforts from IMF, World Bank & WTO led to globalizations in businesses.  Globalization simply means doing a business in more than one country and expanding and operating the business around the world. Further, it helps to encounter facilitie...
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Should we consider Employee Engagement in the Organization ?

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Employee's happiness and satisfaction can be an important aspect of workplace to be productive. Boosting employee engagement can help them to further escalate in being productive in the workplace. Employee engagement is employee's emotional commitment to the organization and its goals. Further, employee engagement's real value is that it will increase the drive to succeed in their roles. For employees who are happy and who knows their values to contribute to the success of the company is what effective engagement looks like.  Why do you think employee engagement is important? The reason why employee engagement is important because it helps to create a better working culture, minimize staff turnover, build relationships with others, improve productivity. Employee communication is used to develop strong relationships and increase productivity that remain employee communication as the most essential tool. The factors that impact employee engagement are employee's trust, em...
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Unleashing creativity in the workplace through innovation and collaboration

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Do you know what workplace diversity does for an organization? A blog from ( Epadmin (2022)) ,  discussed about diversity in a workplace stating that it is the variety of differences between individuals in an organization and by many different characteristics of individuals, is how workplace diversity is defined. It not only just identifies themselves but also how individuals are recognized by others. Moreover, inside a workplace, diversity encircles race, age, religion, gender, citizenship, etc. among people. True diversity is what leads to a greater society through workplace diversity features that is being distributed among people in the workplace.  Another meaning to add into the definition of workplace diversity is about inclusion. Inclusion is where employees feel whether they are accepted or heard by the organization and whether they really belong in the workplace.  Why do you think diversity in a workplace is important? Workplace diversity plays a major role and b...
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How can we deal with Miscommunication in the Workplace?

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Why is effective communication important in the workplace?  An effective communication is essential to build a relationship with people so that it is productive for people to work in the workplace. Research from ( Físic, J. (2022) ) said that 25 % of productivity increases when teams or groups talk effectively among themselves. Further, more than 70% of surveyed 2,000 office workers had gone through unclear communication from their co-workers.  Professionals have mentioned that workplace foundation is the base of company’s growth, success and overall productivity ( Físic, J. (2022)). What miscommunication looks like in a workplace? Ineffective communication can occur due to many reasons, such as emotional barriers, perceptual barrier, interpersonal barriers, cultural barriers. Even, technology can also be a factor for miscommunication as remote work is growing rapidly. Miscommunication happens quite often than we realize. The report from the state of miscommunication mentioned...
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Is your Manager Good or Bad?

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Research conducted by Gallup Organization ( Buckingham, M. (2005)),  in which 80,000 managers were surveyed for two years and found in detail the top performers. He found that there is one quality that makes up a true and a great manager, which is discovering the uniqueness of each person and maximizing on it. Great managers will know the values and the special qualities of their employees and to integrate best with the work plan.  Great leaders on the other hand, are able to explore universally and maximize on it. They bring people to a great future ahead and can only succeed without looking at the difference of race, age, nationality, sex and personality. There are various models of leadership for anyone who likes to become a leader. Managers task is to get the talents of the person and apply that into performance. Moreover, managers who identify differences within people and face challenges on employees, succeed in their own ways. A manager must also be aware of the differe...
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