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What value is there to understanding the factors driving standardization versus localization of HR policies, processes, routines,...

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General Management

What value is there to understanding the factors drivingstandardization versus localization of HR policies, processes,routines, procedures and practices?

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The value of understanding the factors driving standardization versus localization of HR policies processes routines procedures and practices can be derived from the fact that the strategic decisions in a global market place have become increasingly complex A global industry is one which competition crosses national borders the strategic moves of a MNC in one country can be significantly affected by its competitive position in another country Examples are found in aircraft making automobiles computers durable electronic consumer goods Hence in international management an Organization attempts to undertake various global strategies in order to expand its horizon to the Global markets Accordingly there are four types of main strategies as under International strategy Localization strategy Global Standardization ie cost leadership strategy Transnational strategy In terms of Standardization versus Localization the value of understanding these two strategies is very essential in defining    See Answer
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