Highlights
Human resource management has been identified as playing an important role in strategic planning and business success. This naturally can be applied in the international arena.
A). Explain how strategic HRM can assist with corporate performance.
B.) Discuss the key challenges HRM/IHRM faces in contributing to meeting the goals corporate strategy.
C).Identify four areas of HRM unique to IHRM and explain their role in supporting the international corporate strategic objectives. [15 marks]
Your answer should include a real example to support discussion
References minimum of 15 required, including academic journal articles to support discussion( Harvard style as usual ) Structure of Solution:
Part A) – Structure the answer
Set the scene:
Brief introduction around how companies set and achieve goals
Briefly outline the general role of HR
Outline more specifically how HR can support corporate strategy
Part B)
Discuss the key challenges HRM/IHRM faces in contributing to meeting the goals corporate strategy.
Summarise part a) -the role HR should play
List and briefly describe the main challenges (3-5)
Outline the impact of the challenge and a possible HR solution
Part C ):
Identify four areas of HRM unique to IHRM and explain their role in supporting the international corporate strategic objectives
Part c) - Preliminary work
As you go through parts a) and b) identify those HR activities which you feel are the most important from the point of view of supporting strategy and also the easiest for you to research and to write about.
i.e. talent acquisition; capabilities development; training; preparation and support.
Also, get an understanding of how those areas should support strategy and how HR can be heard
Part c) Possible Structure
Brief Introduction describing what the reader is about to have explained
Define IHRM and identify how and why it differs from domestic HRM
Describe how corporations set their strategy and identify where HRM/IHRM will have an impact
Identify four key IHRM activities, explain their importance and explain and justify in some detail how they support an organisation achieving their goals. You might pick a particular strategic approach such as a capabilities led one. Explain what IHRM has to do to support strategy, what needs to be in place, what internal support may be needed – including funding; consider the challenges and the time frames.
Conclusion – summarise the above.
Hopefully, you will do some research of your own; maybe throw in a real-world example and do not forget references
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