Today’s international business operations can take several different forms. A large percentage of these operations carry on their international business with only limited facilities and minimal representation in foreign countries. Others have extensive facilities and personnel in various countries of the world. Managing these
Political Economic Sociocultural Technical
• New state tax policies for accounting
• New employment laws for employee handbook maintenance
• Political instability in a foreign partner country
• International economic growth
• Changes in interest rates
• Shift in educational requirements and changing career attitudes
• Population growth rate
• Automated processes in the industry
• Rate of innovation • Changes in technology
incentives resources effectively, and integrating their activities to achieve global advantage, is a challenge to a company’s leaders and HRM professionals.
Often we hear companies referred to as “multinational” or “international.” However, it is important for HRM professionals to understand the different levels of participation in international markets. This is especially important because as a company becomes more involved in international trade, different types of HRM challenges, problems, and opportunities arise.
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