An International and Comparative Human Resource Management Essay

An International and Comparative Human Resource Management - Essay Example As the essay states globalization of markets is an important aspect of modern world system which involves all areas of public life, including economy, politics, social sphere, culture, ecology, and safety. It is one of the most influential forces determining the international HRM. Development of IHRM becomes important in maintenance of human relationships and ensuring the physical well-being of employees so that they give the maximum contri ¬bution to efficient working. It is obviously closely related to the management process as a whole and each functional manager and supervisor must apply the principles effectively. According to the discussion findings International HRM have a great influence on the global consumer market as well. The transition to the knowledge economy, globalisation, and omnipresence of information and communication technologies (ICT) require a permanent updating of the skills and competences of organizational workforce. Business is not all about profit but also for organizational value creation. Organizational values in MNEs involve providing opportunities for employees’ development and self-realization, pursuing unmatched product quality, creating a safe working environment, and working for the improvement of the natural environment. . The aim of the paper is to apply the concepts of International HRM and comparative HRM for analyzing practices of P&G in South Korea. Information about the MNE's background (Proctor & Gambler) P&G is a multinational enterprise which operates in 160 countries around the world. Its main activity includes manufacturing of consumer, pharmaceutical and household products for diverse target audience. After the Second World War, P&G had started its international and global expansion in manufacturing and sales. In 1954 P&G has started its international activity in Europe leasing a detergent manufacturer.In 1980 P&G became a global company, and after a period of successful mergers and acquisitions with such brands as Noxell, Max Factor and Ellen Betrix, P&G expands its global presence. In 1993, the 50% of sales came outside the USA (Bob's River View, 2002). With the changing economic environment, globalization of markets, international economic integration and increased competition have enhanced the need of new strategies in international and global business. Today, it is one of the most important infrastructure requirements, which is essential for the expansion of opportunities and plays an important role in making or breaking the competitive positioning of P&G. The main products of the company can be divided into 6 categories: laundry and cleaning products, beauty