I have to write a paper that provides a brief overview of global HR (Human Resources)...

60.1K

Verified Solution

Question

Operations Management

I have to write a paper that provides a brief overview of globalHR (Human Resources) Concept. I have to include a description of myselected organization as well as the country in which theorganizations is intending do business internationally. I haveselected WalMart expanding into India.
I have to include a discussion of how the four factors thataffect HRM in international markets would affect your selectedorganization's approach to global HRM: (a) cultural dimensions, (b)education-human capital dimensions, (c) economic systems, and (d)political-legal systems.
I am having trouble with section c, economic systems. How willIndia's economic system affect opening a store in Walmart? What arethe benefits, the disadvantages and what will be different if astore was open in this location?

Answer & Explanation Solved by verified expert

3.7 Ratings (618 Votes)

How will Indias economic system affect WalMart India is a mixture of a Socialist and a Capitalist economy Hereby the states and central government within India plays a crucial role in every business dimensions Therefore if a giant business retailer such as WalMart wanted to enter India they have convinced both the state and central government through their proposal Further the decision of the state government and central government is influenced by the civilians Even if the WalMart convinced civilians state and central government it may find it hard to operate with respect of Indian economic system due to the following reasons Heavy Competition India is already a business populated See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member