How can management development and training programs increase the value of global human capital?
These two processes involve educating employees to give them new skills and competencies that are required for certain positions in foreign positions. Once the employees are abroad, they improve their cross-cultural literacy while simultaneously attaining new skills from the host-country. Finally, moving employees around creates a strong informal network for sharing information and knowledge within the firm. All of these things help a firm achieve its strategic goals, thus increase the value and profitability of the firm.
Learn More :
Global Human Resource Management
- How can organized labor influence strategic choices in international business?
- How and why can performance appraisal systems vary across nations?
- Why do managers fail to thrive in foreign postings?
- What are the pros and cons of different approaches to staffing policy in international business?
- What is the strategic role of human resource management in international business?