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Tuesday 20 August 2013

MS 29 IGNOU MBA Solved Assignment - Briefly explain the importance of Performance Management from international context.

Briefly explain the importance of Performance Management from    international context.

Ans The people are always a major key to the success for all organisations. Therefore, the role of HRM is the most important in any organisation. Due to business globalisation, the companies must understand the management of international operations and the changing role of HRM. In this international context, the human resource management plays a vital and important role toward a success of organisations internationally. These managers are responsible for making strategies to recruit, select, and retain the best human capital for their organisations.
 recognised problem regarding the topic of global performance management is largely one of definition. Some of the work on performance management is focused on the individual and centered on performance appraisal at the employee level. In other work, more in line with strategic HRM, the focus of performance management is much broader and the level of analysis is organisational (corporate, subsidiary, business unit, team) rather than individual.

Many of the large Western MNCs are likely to use a home-grown, HQ-based approach to performance management in a standardised manner across their worldwide subsidiaries. There is concern with the implementation of a management process developed and tested in the West and applied to a different context (i.e., different national cultures, laws, and markets). When the Western concept of performance management is viewed in an international perspective, an added layer of complexity emerges - largely due to the varying cultural and structural contexts in which global HR is implemented. There is relatively limited research-based knowledge on PM from a global or international - as compared to a Western domestic - perspective.

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