Globalisation Flashcards
What is globalisation ?
It is a term used to describe the different operations that can be reached in terms of expanding internationally to access a diverse range of people and resources
What are the benefits of globalisation ?
It gives businesses a wider market reach in terms of customers, stakeholders, brands, products and labour migration
Effects of globalisation on HR ?
Access to larger supply of employees across different backgrounds which diversifies the workforce. Investment in training to bridge barriers and need to recognise cultural differences of employees
What are the drawbacks of globalisation ?
costly and time-consuming to attend cultural differences of workforce, quality of business could be inconsistent