BUS 432 Study Guide - Midterm Guide: Performance Management, Global Politics, Capital Market

• School: Simon Fraser University
• Department: Business Administration
• Course: BUS 432
• Professor: Dave Thomas

Document Summary

Globalization: globalization, the process whereby worldwide interconnections in every sphere of activity are growing. Globalization is not an end result or caused by a single force but the dynamic of interconnectedness that results from shifts that are taking place across a range of contexts: businesses globalize, to combat threats, to pursue opportunities. Hrm activities undertaken by an organization to utilize its human resources (people) effectively: planning, recruitment, performance management, training and development, compensation and benefits. These interrelated shifts in the four external environment affect organizations whose leaders respond by integrating people, processes and structures to shape organizational outcomes: external environment, global technology, global economies, global politics. International trade is nothing new but the increasing interconnectedness of economies is hard to ignore we see it in: shifting patterns of trade, foreign direct investment, movement of capital, global labor force. Two migration trends have important implications for global hrm: more female migrants, more highly skilled migrants.