The Introduction of Management Techniques and National Culture Research Paper

The Introduction of Management Techniques and National Culture - Research Paper Example HRM itself is the new avatar of ‘Personnel Management’. Personnel management was largely concerned with the technical aspects of hiring, evaluating, training, and compensating employees. HRM, on the other hand, leaves scope for career building of the employee, development of a professional relationship and the satisfaction aspect. It is no more a mere "staff" function in the organizations. The main reason for attempts to avoid bad publicity is because as per a recent study seventy per cent of world trade—â€Å"including one-third of all manufacturing exports, three-quarters of all commodity trade, and four-fifths of technical and management services trade†Ã¢â‚¬â€was accounted for by the 500 largest MNCs. Changes in almost every aspect of human life are taking place very rapidly in a pervasive and profound manner. This change is engulfing technologies, products, processes, materials and above all, People. Globalization leads the changing scenario, bringing in newer technologies, a new phenomenon of the knowledge worker and of course the competitive era. In view of the competition and globalization companies start exploring avenues for growth within and outside the borderline of their country of origination. Therefore, it is amply clear from the above diagram that companies are required to take care of a number of factors while planning to go global. Expanding business operations beyond national boundaries, while continuing the commitment to local markets requires more complex business structures. Large, worldwide businesses tend to evolve from international to multinational to global structures.