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TRANSFERABILITY OF MANAGEMENT PRACTICES

11 November, 2015 - 09:52

As in the case of the other functions of management, so with the human resource function: the manager must ask, "How much of the management systems that have already been developed, applied, and evaluated at home can be transferred overseas without change; how much should be adapted to fit local conditions; and how much should be developed from scratch?" Obviously, the MNC would like to transfer as much as possible. Hiring, compensating, training, evaluating and appraising, developing career paths, and other human resource management tasks consume considerable management time and cost significant sums of money. Much money can be saved if a package developed at home for home managers can be generalized to subsidiaries across the globe.