Reference no: EM133178878

You are the HR Manager of Acme and since the company is planning on expanding internationally over the next 2 years, your assistance will be critical to the success of this venture. Unfortunately, while I am a good CEO, I do not know much of anything about human resources management. I definitely do not know anything at all about IHRM. I rely on you to help with all this "HR stuff!".

1.  Please explain to me how the IHRM function relates to global business strategy. Please give me some examples of how this might work in our situation here at Acme.

Due to the rise of internationalization and global competition, the role of International Human Resource Management in in Multinational Corporations has grown to be significant. When working cross-culturally, balancing the need to coordinate units stationed across the world with the need for individual units to have control to deal effectively with local issues becomes an important challenge to overcome. Achieving this balance becomes more difficult as the units are exposed to diversity, such as, when the parent firm's national culture drastically differs from the culture of the unit that's overseas. This is where IHRM strategies come into play, to help overcome these challenges. IHRM professionals can help to ensure that executives and employees understand the different cultures within the organization and around the world. IHRM professionals can also coordinate functions and help develop cross-cultural skills in employees. 

IHRM explores how organizations manage the demands of operating internationally, and ensures the organization has an international coherence and cost-effective approach to manage all employees in the countries they operate in. They must also ensure that the organization is responsive to the differences in culture and assumptions and can differentiate their approach to see what works in each location.

Acme has chosen to expand operations to Japan as it is currently on trend to becoming more globalized and expand their market. An example of IHRM functions relating to the global strategy is to have HR

1. Please explain to me how a well planned and executed IHRM policy brings value to an organization. Please give me some examples of how this might work for Acme.
2.  Please explain the cultural differences between New York (where Acme is located), and the host country we will be doing business in.
3. Please give me your recommendations as to the IHRM best practices we should pursue in each of these 4 areas:
4. Recruitment, selection, and repatriation of employees to work abroad in the host country
5. Training and development of employees working abroad (both our employees from the USA, and the 30 new employees we will be hiring in the host country)
6. Labor relations
7. Corporate Social Responsibility (CSR) as it relates to us doing business abroad in the host country.
8. Also, there are some big differences between our local corporate culture here at Acme, and the culture of the host country. I am wondering what we can do to manage these differences so we do not have a disaster on our hands in 2 years.