Multinational corporations need to recognize the importance of international management development. Formal human resource programs, tied to business objectives, need to be established. Ignoring the importance of global management development leads to missed market opportunities. Understanding and support at the executive level is a necessity. Human resource information systems need to include international data elements to help in the identification of candidates. Training budgets have to shift course work from a domestic focus to multicultural …
showed first 75 words of 7312 total

showed last 75 words of 7312 total
…is not aware of their vital fit to global expansion. In order to create competitive advantage corporations need strategically to train, place and move key personnel who support global business objectives and thrive in an ever changing global economy. This begins by recognizing that global is not optional and that success is measured through people and time, not just product and services. Revenues are outcomes of innovations, robust organizational strategies and well defined corporate objectives.