Globalization of business operations and industries Essay Example for Free

Globalization of business trading operations and industries EssayGlobalization of business operations and industries has created a refreshful challenge for organization penetrating in global markets. Several factors require forethought when firms centre on diversifying its product/service offering in foreign markets. Especially limiting the viewpoint to human imagination requires managing the workplace diversity, employee selection mechanism, cultural differences, and managing the intercultural communication requires assessing the capabilities of organization to address these issues.International market business operations present the companies with acquiring new set of skills and transformation in human resource policy in order to perform the services with tractability that doest not hinder in goals achievement. Workplace diversity management is the essential and important issue that needs to be address by an organization entering in world-wide markets. Since diverse wo rkforce consist of people belong to different culture, races, having different ethnic background, a different way of learning thus providing different ideas merging in organization.This enables organization to utilize and focus on enlarge business challenges in different business markets. Strategic HRM policy social system gives flexibility to organization for changing its focused principle in consideration of market needs such as cultural dimensional factors identified by Hofstede on various dimensions helps identify the factors to be addressed by organization based on the market needs. Cultural differences have strong implications for organization expanding in international markets. so, organization needs to give autonomy and flexibility to employees that will wait on organizational purposes in international markets by leveraging the HRM policies. This can be done by regulating the rewards and compensation package social organization for employees who will need to be relocating in different workplace locations due to their skills required to penetrate and serve in international markets. In relation to managing cultural differences, organization must define a broad and decentralized decision making structure through defining the hierarchy management channel in its policy for international markets.Since few activities of firm remain limited in centralized location, so in order to comprehend the objective proper decision making style will enable true statement and timeliness of activities. Decentralization of decision making structure will constrain the possible delay in decision making due to multi-level hierarchy structure of an organization and will also result in better assessment of any situation due to diverse workforce. Communication between departments and stakeholders is highly evidentiary when concerning the international operations of an organization.Effectiveness of organizational culture for performing international operations is based on t he communication style think to information processing, decision convey ability, surpassing the imperative information related to business decision making, and matters related to managing intercultural communication barrier. Ambiguous and unstructured problems require managing the barriers to improve the interdepartmental share-out of information for goals learning.This issue can be addressed by initiating equal employment opportunity chopine for international business which would limit the selective culture growth of organization and encourage workplace diverse. raise of reference affects the cross-cultural communication due to selective visionary capabilities of employees to foresee the potential growth possibilities. Therefore organization must initiate a formalized recruitment program focusing on screening various individual dimensions in its SHRM policy structure to normalize the repartees towards reducing frame of reference.Stereotypical response by employees increases t he biasness that affects the communication at international level increasing the chances of intergroup conflict affecting the effective goals accomplishment of organization. In association to this, chances of misunderstanding increases when firm do not address discrimination issue in its HRM policy to manage international operations functionality. Impartiality of decisions thus contributes towards progressive growth pertaining to employee contribution.At international level, cognitive dissonance is also a big challenge for firms to manage as ambiguity in information sharing leads towards strong misunderstanding among departments which may be depicted in actions lede towards ill-treat objectives setting. Company must address the corporate culture issue and coordination mechanism in its HRM policy to reduce the impact of cognitive dissonance on organizational goals accomplishment.Sony Corporation has developed a communication structure identified in its HRM policy to increase the ef fectiveness of communication among its employees in regional offices and production sites find in China. Employees are given combined training sessions, and encouraged to participate in workshops which increases the communication among employees belonging to different cultures and understand their potential issues that may arise due to operations in international markets. gracious resource ethical issue also has implication for firms either they operate locally or in international markets. Employee privacy, job safety, health standard, workplace environment and condition, legislation for employees rights security measures are essential duties for older management to address in strategic HR policy. This although may create certain challenges to address by management but provide job satisfaction to employees policies amendment concerning addressing the ethical issues differ of country basis due to differing working demand and obligations by country law.However, an organization can standardize the procedure and policies giving protection to employees as its ethical responsibility. SHRM policy can emphasize on employee welfare concept that aimed at addressing the factors leading to increased employee living standard consequently, employee involvement in work increases and firms penetration world-beater in international markets also strengthen due to direct participation of employees in organizational objectives achievement.