Page 239 - DMGT548_GLOBAL_HRM

Global HRM Pretty Bhalla, Lovely Professional University

Notes Unit 13: GHRM Trends and Future Challenges

CONTENTS
Objectives
Introduction

13.1 Global HRM Trends and Future Challenges
13.1.1 Main Challenges in Global HRM
13.2 Ethics in International Business

13.2.1 Global Values
13.2.2 Role of HR in Operationalising Corporate Ethics Programmes
13.2.3 Global Developments on the Criminalisation of Bribery
13.2.4 MNC – Global and Good Corporate Citizen
13.2.5 Social Responsibility of MNCs

13.3 Strategies of IHRM
13.3.1 Steps to a Global Human Resources Strategy
13.3.2 Make It Work

13.4 Summary
13.5 Keywords
13.6 Review Questions
13.7 Further Readings

Objectives

After studying this unit, you will be able to:

 Discuss about global HRM trends
 List the challenges faced by GHRM

 Recognise the ethics in international business
 Elucidate on the significance of ethics for corporate
 Describe strategies of IHRM

Introduction

When business conducted across national and cultural borders, the operationalisation of an
enterprise’s ethics programme takes on added layers of complexity. Especially, when
multinationals operate in host countries that have different standards of business practice and
are economically impoverished, whose legal infrastructure is inadequate, whose governments
are corrupt and where human rights are habitually violated.
The question of ethical relativity arises where human rights are habitually violated. The question
of ethical relativity arises not only in the context of different home- and host-country employment

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