The issue of globalization on a human resource management perspective Term Paper

The issue of globalization on a human resource management perspective - Term Paper Example From this research it is clear that there has been a growing relationship amongst the cultures, economies, and people in the world. Coupled with advancement in technology, interaction has been steadily increasing in the current world. Thus, the people, cultures, and economies are increasingly becoming interdependent of each for their continued survival. This is globalization with the world effectively becoming a big global village. According to Sparrow, Brewster, and Harris however, globalization is â€Å"a process whereby markets and production in different countries become increasingly interdependent due to the dynamics of trade in goods and services and flows of capital and technology.† In this case, the customers’ need for similar commodities and services drive the globalization of markets. With globalization of markets, a challenge in striking a balance between universal tendency in human resource management and the influence of different national cultures arises. Therefore, this expose elucidates the issue of globalization on a human resource management perspective. Edwards and Rees noted that, globalization necessitates attention to â€Å"more than conducting business across national borders but also entails expanding competition for almost every type of organization presenting management with the challenge to operate in diverse cultural settings.† In this regard, the global economy requires a company to exploit its human resources effectively through effective planning in order to gain a competitive edge over its competitors. Therefore, human resource managemen