Product code Humanresource-PH454
1. To what extent do MNE’s globally standardize their work practices and HRM?
Does a Multinational Enterprise like Walmart adapt global standards?
What are the factors driving Standardization?
2. To what extents are MNE’s locally responsive to work practices?
Does a Multinational Enterprise like Walmart adapt local standards?
Do you think it practices global HRM standards or local adaptations or a combination of both?
What are the factors driving localisation? You are asked to discuss this statement using the example of an MNE of your choice and attempt to incorporate the theoretical concepts that we have covered so far? Linking theory to this assignment?
Applying Hofstede’s theory and other theories covered will help an MNE’s HRM division to understand what to expect in unknown cultures and how to train and prepare its employees.
Q1: Extent to which MNE’s globally standardize their work practices and HRM It has been analysed that since last two decades, strategies related to standardization depend on HRM practices. As per the views of Banerjee and Venaik (2018, p.840), consistent diversity in national level can suggest that MNCs are constrained by local companies. On the contrary, multinational companies can balance both standardisation and differentiation regarding the practices. For example, Walmart can be mentioned to analyse its global standards. In relation to global standards for the multinational companies like Walmart, directed opportunism can be considered as an approach which can maintain flexibility of systematic framework. Walmart practices the process of product standardization based on which it can offer similar products in host country. Walmart has adopted the strategies called “think globally, act locally” (Walmart, 2019). Based on this strategy followed by Walmart, subsidiaries of this organization in Singapore have followed local strategies. Apart from these factors, Walmart, in Singapore is able to offer all household products to office furniture that is selected from efficient suppliers.
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