Multinational Corporations Based On International Business...

Although the multinational is separated in several nations, it remains as a single enterprise and therefore must consider how to balance competitive pressures for differentiation and integration (Lawrence and Lorsch, 1967). Multinationals must decide how to be sensitive to the unique demands of the indigenous environment without inhibiting their ability to coordinate the internal operations of local units in search of global strategies. As these issues of differentiation and integration are often facilitated by HRM activities, they represent a critical component in the IHRM. An example of this dual focus is found in most multinational corporations based on international business, which tend to assign primary responsibility to their subsidiaries for local compensation and benefits, training and labour relations, with regional units assuming secondary responsibility (Reynolds 1992). Productive globalization occurred with the growth and expansion of multinationals. They are present in a ll the countries of the world and currently undergo mergers and acquisitions, with the expansion of its branch of activity. Productive globalization occurred with the growth and expansion of multinationals. They are present in all the countries of the world and currently undergo mergers and acquisitions, with the expansion of its branch of activity. Throughout the twentieth century the behaviour of companies took new directions. Globalization and the consequent opening of the market made themShow MoreRelatedEthical Issues Of Multinational Corporations Essay1407 Words   |  6 PagesETHICAL ISSUES IN MULTINATIONAL CORPORATIONS Introduction A multinational is defined as an enterprise operating in several countries but managed from its home country. Ethics as a philosophy is defined as the discipline concerned with what is morally good and bad, right and wrong. Ethical issues arise when one is unsure of what is the right course of action to be taken at a single time. 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