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2 Academicus. International Scientific Journal

2 Ditta G.

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Internationalization and Human Resource Management: Having intercultural understanding in the ages of globalization

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Ditta G.

Academicus. International Scientific Journal

2020

nr 22

30-40

This paper examines the international management of human resources. People have been one of the first challenges of any company wishing to work and develop an activity in other regions. The various movements of these human resources and competencies have implicated the phenomena of culture exchange worldwide. Intercultural conflicts, intercultural competencies, and intercultural management, are topics multinational companies did not face decades ago. Researchers worked on these differences and how humans can accept and cultivate the cultural differences in society. In recent decades, the global economic scene, and more particularly the European one, has increased international competition affecting both companies with an export profile and companies targeting the domestic market. International trade is a special case in general, it has the same principles as internal trade, but it suffers from certain changes related to phenomena caused by artificial and on the other hand natural barriers such as, distance, communication and interculturalism.

Cross borders companies and worldwide industry management. Past, present, and future for businesses at time of slowbalization.

100%

Ditta G.

Academicus. International Scientific Journal

2022

tom 13

nr 26

78-92

Emerging markets are once again gaining the upper hand. According to the World Bank, current market trends indicate that emerging economies will account for more than 70% of global economic output by 2050. With the economic enigmas and the return of emerging economies, three billion new people have suddenly integrated into the global economy, all at once: one and a half billion Chinese, one billion Indians, and half a billion people from the former Soviet bloc. How then can the strategy that predominates in the internationalization of a company be identified? In this study we will define the necessary internal organization of a company and its activities and establish what changes must be made in the internal structure of employees regarding quantity, qualification, training and facilities for machines, technology, processes, and quality control. Before starting to promote the company internationally, it is advisable to check whether the brand can be used or whether it should be changed. In 2020, the COVID-19 pandemic had profoundly affected international trade, investment and travel. The pandemic has slowed the physical movement of people, goods and services, which is also the slowbalization thesis, and this now deserves careful consideration. The goal of this paper is to examine the objective of internationalization and the international development of companies. In this study are introduced the theoretical basis and a discussion on how exporting companies need nowadays to ask the right questions and how the analysis of the economic management can help internationalize their business. The second part of the study includes the results and conclusions.