Functional Area
Excellence
International Business
Strategy
LON301BUS
Unit: 5 Knowledgecast: 2
Module Learning Outcomes
• Communicate an in-depth understanding of the
complexity of the environment and its applications on
decision-making process
• Assess current developments in the organisational
environment and alternative responses related to
strategy
International Human Resource
Management
“The planning, selection,
training,employment and evaluation of
employees for international operations.”
(Cavusgil et al, 2007:548)
Three Employee Categories
Host
Country
Nationals
(HNCs)
Parent
Country
Nationals
(PCNs)
Third
Country
Nationals
(TCNs)
Complexity of IHRM
The need for a broader
perspective
Greater involvement in
employees lives
New HR
Responsibilities
Complexity
External influences
Managing diversity
Greater risk exposure
Keys Tasks in IHRM
Task
Strategic Goal
Example
Challenge
International Staffing
Policy
Develop Global
Managers
Cultivate Global
Mindsets
Preparation and
Training of
Employees
Train employees with
an emphasis on area
studies
Minimize culture shock
International
Performance
Appraisal
Assess how managers
perform abroad
Establish uniform
organisationwide
performance
benchmarks
Financial Management and
Accounting in the International Firm
1. Decide on the
capital structure
2. Raise funds for the
Firm
6. Manage diversity of
international practices
Tasks
5. Currency Risk
Management
3. Working Capital and
4. Capital Budgeting
Cash Flow
Management
Knowledgecast Summary
• Communicate an in-depth understanding of the
complexity of the environment and its applications on
decision-making process
• Huge complexity in managing diverse human resource
• Assess current developments in the organisational
environment and alternative responses related to
strategy
 Increasing harmonisation of cross-national accounting practices
enables international organisations to simplify reporting.
Seminar
Regular Assignment – Presentations
Your module tutor will allocate you a time to make
your assessed presentation during this session.
Group Activity
Regular Assignment – Presentations
Your module tutor will allocate you a time to make your
assessed presentation during this session.