What is the strategic role of human resource management in international business?
People are the center of a firm's organizational architecture, and for a firm to outperform its rivals in the global marketplace, the right people must sit on the right positions. The human resource management function has critical impact on the people of a firm through the use of staffing, training, compensation, and performance appraisal activities.
HRM can be a critical source of high productivity and competitive advantage in global economy. It also has a critical role to play in implementing a firm strategy.