¶ … International Human Resources. This project sheds light on an Indian company that has decided to adopt the international human resource management plan. In doing so will allow the Indian company to explore many new opportunities that once wasn't available.
The economy is in a struggle and hopes for a better tomorrow are fading away. As a result, Larsen and Toubro decided to expand internationally. Soren Kristian and Henning Larsen founded Larsen and Toubro in 1938. The value of the company sits at 8.5 billion. According to www.larsentoubro.com, the value of Larsen and Toubro sits at 11.7 billion. It specializes in manufacturing and engineering services. It's quite evident that the company has experienced much success in the international world. The company has made the following achievements:
• Implemented hydrocarbon projects In India, Middle East and South East Asia
• Implemented power projects in India, the Gulf, and Sri Lanka
• Has the largest coal gasifier made in India
• Has made the biggest EO reactor.
• Has made the world's largest FCC regenerator.
• Has the highest viaduct in Asia
• Has the longest limestone conveyor
METHODOLOGY
This research is explained via qualitative and ethnomethodology means. Ethnomethodology is defined as the study of methods that are used by people to explain their actions. However, qualitative research is of much importance. This research includes the use of surveys and interviews. Adopting this form of research increases the reliability of the data. It is responsible for explaining the outcome of an experiment. Primary data is vital because without it, research would continue to be a repeat of another researcher's work. Primary data is usually gathered in case studies, trials, and studies. It is favored over secondary data because it adds legitimacy to whatever that is being researched. Although primary data can be quite useful, it has its limitations. It is often that the means of obtaining primary data can be quite expensive and time-consuming. The way in which a researcher retrieves primary data can be unethical if he or she doesn't receive consent from the participant. Also, primary data can be biased based on the opinions and beliefs of the researcher.
LITERATURE REVIEW
Cook (2006) defined change as "the coping process of moving from the present state to the desired state at individuals, groups and organizations undertake in response to dynamic internal and external factors."
Laurent (1986) defined International Human Resource Management, as "the challenge faced by infant field of International Human resource Management is to solve a multidimensional puzzle located at the crossroad of national and organizational cultures."
Desatnick & Bennett (1978) declares, "Many firms underestimate the complexities involved in international operations, and there is some evidence to suggest that business failures in the international arena may often be linked to poor management of human resource."
Morgan (1986) defines International Human Resource Management as "the interplay among three dimensions -- human resource activities, type of employees and countries of operations."
DISCUSSION
• Increased in responsibilities -- More responsibilities exist when the human resource department functions in various countries.
• Relationship between employee and family -- The manager of the Human Resources Department is responsible for the arrangement of the family and employee to the foreign land.
• Awareness of culture -- Employees should be aware of the culture that surrounds him or her. This can greatly affect the success of the business. Employees come from different ethnic backgrounds and cultures. Therefore, adjusting to the new culture is key for success.
APPROACHES TO INTERNATIONAL HUMAN RESOURCES Management PLAN
• Ethnocentric Approach -- Companies that adopt this approach view the world as one big marketplace.
• Polycentric Approach -- Unlike the ethnocentric approach, the polycentric approach views the globe as a differentiated market place.
• Geocentric Approach -- This is an approach where the organization utilizes methods whenever it feels necessary to do so.
IMPORTANCE OF INTERNATIONAL HUMAN RESOURCES Management PLAN
L&T paid importance to international boundary expansion. IHRM gained immense importance in the age of globalization. The basic points that support the aspect are as follows:
• Creating competent global leaders is the most essential factor in terms of a successful business in the world.
• The business world id becoming increasingly global. Most of the markets worldwide are now part of a global network.
• Today, India is one of the most emergent and exciting markets in the world. Technical manpower and skilled managerial activities are the best that match in the world.
• Foreign trade and FDI in India have been increasing at a rapid pace. India has become a very important destination...
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