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.