Internationalization of business
Decreased Trade Barriers
What is a driver of the internationalization of business?
The study and application of all human resource management activities as they impact the process of managing human resources in enterprises in the global environment.
What is the definition of IHRM?
When consumer demands are similar across the globe
What is the homogenization of global consumer demands
Situation where the HRM professional works in the central or regional headquarters
What are the Headquarters of Multinationals?
$33.3 trillion dollars
Amount of revenue generated by the world’s 500 largest companies.
Situation where a large company is headquartered in one country but has significant operations, sales, and employment in multiple foreign countries
What are domestic multinationals?
Internet, social media
What are global communication tools?
These entities send hundreds of people from parent countries to overseas operations.
What are Government agencies and non-governmental organizations?
77,000
What is the number of large MNEs as of 2020?
A situation where HR managers work in their home country but are employed by a local subsidiary of a foreign MNE
What are Home Country Subsidiaries of Foreign-Owned Firms?