Human Resource (HR) Development
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This paper defines human resource as a group of administrative personnel whose main function is performance management, employee relations and resource planning. The author stresses that human resource management (HR) is obviously one of the most important, decisive factors not only in business but also in other areas and usually the first priority that is paid much attention. The paper urges that HR strategic policies should be personally designed based on common interests and aimed at organizational success. The author points out that one key for almost every global business strategy is to balance between a strong corporate culture and local cultural differences especially in the area of HR. The paper concludes that future strategic HR management approaches will be concerned with integration and adaptation and that executive managers will need cross-cultural management and communication skills.
From the Paper:"Michigan-based Dow Chemical Company is a very good example. With facilities in thirty-one countries and 250 sales offices worldwide, it is foreseen how complex the staff movement among countries could be. Dow has 62,000 employees around the world but most of them are local employees, only 1000 of them are on assignment outside of their countries of origin. This helps Dow to improve local cultural understandings and demands to deliver suitable strategies that both satisfy those foreign countries and the parent company's benefit. Kodak is another instance."
Sample of Sources Used:
- www.icaew.co.uk: The Institute of Chartered Accountants in England and Wales.
- www.berr.gov.uk: Department for Business Enterprise and Regulatory Reform - The Accounting for People Task Force.
- http://www.cic.sfu.ca/forum/adler.htm: "Globalization and Human Resource Management: Strategic International Human Resource Development", by Dr. Nancy J. Adler, Faculty of Management McGill University, presented on april 20, 1990.
- PRICE, A., 2004. Human Resource Management in a Business Context. 2nd ed. Australia; United Kingdom: Thomson.
Cite this Term Paper:
Human Resource (HR) Development (2008, May 21) Retrieved August 10, 2020, from https://www.academon.com/term-paper/human-resource-hr-development-103569/
"Human Resource (HR) Development" 21 May 2008. Web. 10 August. 2020. <https://www.academon.com/term-paper/human-resource-hr-development-103569/>