Author Question: The U.S. economy is based on the idea of ________. A) capitalism B) communism C) democracy D) ... (Read 107 times)

Beheh · **on:** Jul 6, 2018

The U.S. economy is based on the idea of ________.

A) capitalism
B) communism
C) democracy
D) republicanism

Question 2

Discuss the role of strategic human resource management in global business.

What will be an ideal response?

Pswine · **Reply #1 on:** Jul 6, 2018

Answer to Question 1

Answer: A

Answer to Question 2

Answer: The world is experiencing an increasing global workforce, as well as the human resource problems and opportunities associated with that workforce. Individuals dealing with global human resource matters face a multitude of challenges beyond that of their domestic counterparts. These considerations range from cultural to political barriers to international aspects such as compensation. Before upper management decides on a global move, it is vitally important that the critical nature of human resource issues be considered. Companies that engage in the global economy place even greater emphasis on strategic HR. The functional areas associated with effective global human resource management are similar to the ones they experience domestically. Although the six functions are the same, global external environmental factors may significantly affect the manner in which they are implemented. Similar to domestic human resources, these functions are not separate and distinct; instead, they are highly interrelated. Therefore, sound global human resource management practices are required for successful performance in each area.