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SME Internationalization and Human Resource Management

Author : Hye Won Chang
Publisher :
Page : 172 pages
File Size : 48,36 MB
Release : 2019
Category : Biotechnology industries
ISBN :

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Human Resource Management (HRM) is defined by Boxall and Purcell (2000) as including “anything and everything associated with the management of employment relations in the firm” (p.184). Strategic Human Resource Management (SHRM) is defined by Wright and McMahan (1992) as “the pattern of planned human resource deployments and activities intended to enable an organization to achieve its goals” (p.298). The foundation of Strategic Human Resource Management (SHRM) begins from the concept that in knowledge-driven, global economies, it is the intellectual and social capital of the firm that is a source of competitive advantage rather than physical or financial assets (Finegold & Frenkel, 2006). For Small Medium Enterprises (SMEs) competing in high technological environments such as those in the life sciences, it is important that firms are able to attract, motivate and retain talent in accordance with the stage of their firm and their internationalization strategy (Finegold & Frenkel, 2006; Ho, Wilson, & Chen, 2010; Hornsby & Kuratko, 2003; Onkelinx, Manolova, & Edelman, 2016). Although there has been recent interest from researchers investigating the relationship between HRM, SME firm performance and HRM associated to internationalization, there is a gap in literature focusing on the relationship between all three matters: Human Resource (HR) practices in internationalizing SMEs. The findings of this exploratory study on life science SMEs in New Zealand are that despite supporting research which recommends founders/CEOs to implement strategic HR enhancing practices to support firm growth and performance, informality is still common place amongst life science SMEs. Secondly, there is a clear disconnect between HRM practices implemented and the firm’s business strategy for international growth, indicating that life science SMEs in New Zealand are not aligning human resources of the firm to address the liabilities of foreignness. Finally, the study provides an insight to the HR practices in place by resource constrained life science SMEs in their efforts to support firm performance and survival in international markets.

Human Resource Management in Early Internationalised SMEs

Author : Joanna Purgał-Popiela
Publisher : Taylor & Francis
Page : 95 pages
File Size : 10,32 MB
Release : 2023-01-25
Category : Business & Economics
ISBN : 1000863026

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Small- and medium-sized enterprises (SMEs) are increasingly viewed as valuable contributors to the global economy, which translates into their importance in business literature and academic research. Recent studies suggest that there exists a substantial variety of international activities pursued by SMEs expanding abroad, with a prominent presence of early internationalised enterprises, including born global. Despite the acknowledgement of the importance of human capital for SME internationalisation, there is a persistent knowledge gap concerning HR practices in this context. Until now, researchers investigating the accelerated internationalisation of SMEs have focused either on the human capital of decision-makers or selected attributes of employees, although these have only been at the pre-entry or entry stages. Thus, activities performed after entering foreign markets remain. This book attempts to reduce this gap and contribute to the body of knowledge concerning HR practices in early internationalised SMEs with an emphasis on the post-entry phase. By taking such an approach, this volume integrates two streams of research: HRM in the SMEs and international business. It provides managers of SMEs with useful information on dealing with internationalisation-related challenges by means of various practices including work structuring, recruitment and selection, training and development, employee appraisal and remuneration, and performance management. The discussion of these issues is based upon data from a survey conducted in 200 SMEs and case studies exemplifying HR practices in early internationalised small and medium enterprises. It offers academic researchers, postgraduate students, and reflective practitioners a state-of-the-art overview of managing human resources in small and medium enterprises expanding internationally, including both accelerated and incremental paths.

Innovative Human Resource Management for SMEs

Author : Iqbal, Shuja
Publisher : IGI Global
Page : 470 pages
File Size : 50,2 MB
Release : 2024-01-26
Category : Business & Economics
ISBN :

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Innovative Human Resource Management for SMEs presents a comprehensive solution to the challenges faced by small and medium-sized enterprises (SMEs) in managing their human resources in today's rapidly changing business landscape. These SMEs often operate with limited resources and lack dedicated HR departments, making it difficult to compete for top talent against larger companies. Moreover, staying abreast of innovative HR practices can be overwhelming, leaving SMEs uncertain about how to enhance employee engagement, well-being, and overall organizational success. Edited by esteemed academic scholars, this book focuses on contemporary and practical strategies, empowering HR professionals, business managers, and leaders with the necessary tools to navigate the complexities of effective human capital management. By exploring key areas such as recruitment, employee engagement, performance management, well-being, and organizational transformation, the book provides actionable insights through real-world case studies. It offers valuable information to drive organizational success and foster a positive workplace culture, benefiting not only SMEs but also larger organizations seeking to optimize their HR practices. Innovative Human Resource Management for SMEs stands as a guiding beacon, empowering readers to attract, engage, and retain top talent, thus ensuring their businesses thrive in the dynamic business world of the current millennium.

Innovation and Internationalisation

Author : Stuart Orr
Publisher : Routledge
Page : 208 pages
File Size : 46,28 MB
Release : 2017-11-28
Category : Business & Economics
ISBN : 1317247434

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This book provides a comprehensive examination of the many factors that influence the internationalisation of SMEs into China. SMEs represent more than 50 percent of the economic activity and employment in China. This book explores the experiences of SMEs that have internationalised to China from Australia. Australian SMEs are at the forefront of foreign SMEs in China with over 5000 Australian SMEs currently operating in China and a long history of association. The book is unique in that it presents a multidisciplinary perspective of the subject, considering seven different discipline perspectives (internationalisation, innovation, entrepreneurship, networks, resources, human resource management and barriers and liabilities). This makes the book one of the most comprehensive treatments of internationalisation to China so far. Each chapter in the book deals with a different perspective and includes own separate analysis. The chapters commence with a consideration of the current knowledge on internationalising to China for each perspective, analyse the interviews of representatives of 35 SMEs operating in China and then draw conclusions which are relevant to students, scholars and professionals. Each chapter includes extensive examples from the interviews. This integrated book is particularly useful for small business owners, international business management consultants, instructors and students.

Human Resource Strategies for International Growth

Author : Chris Hendry
Publisher :
Page : 224 pages
File Size : 37,98 MB
Release : 1994
Category : Business & Economics
ISBN :

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Identifies similarities and differences in human resources management encountered by American companies as they they expand into an international market.

Managing People in Small and Medium Enterprises in Turbulent Contexts

Author : Alexandros Psychogios
Publisher : Routledge
Page : 138 pages
File Size : 37,4 MB
Release : 2019-01-02
Category : Business & Economics
ISBN : 1351592602

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Managing People in Small and Medium Enterprises in Turbulent Contexts explores a range of human resource management (HRM) issues specific to small and medium-sized enterprises (SMEs). Based on a series of research studies and secondary sources of data, the book’s primary aim is to contextualise HRM issues in SMEs operating in a variety of national economic contexts that are (or have recently experienced) a turbulent situation. SMEs are the backbone of these economies. It is therefore critical that we study HR practices and concepts within such enterprises. The book covers HR practices in SMEs, such as recruitment and selection, training and development, performance evaluation and employee relations, by focusing on three types of turbulent economies: emerging market economies in Asia, the Pacific, Africa and Latin America; transition economies of Central and Eastern Europe; and crisis contexts in Southern Europe. Managing People in Small and Medium Enterprises in Turbulent Contexts is a useful resource for organisations, practitioners, academics and scholars in the fields of HRM, employee engagement, small and medium business management and other related disciplines.

Impact of Human Resource Management Practices and Interventions in SMEs

Author : Jayaranjani Sutha
Publisher :
Page : pages
File Size : 14,67 MB
Release : 2020
Category : Business & Economics
ISBN : 9781799848035

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Small and medium-sized enterprises (SMEs) represent a significant percentage of enterprises in the world, especially in developing countries. Due to their private ownership, entrepreneurial spirit, flexibility, and adaptability, SMEs contribute to sustainable growth and employment generation. However, SMEs in developing countries are facing barriers that affect their survival, including a lack of competent human resources departments. As such, best human resource management practices must be observed to ensure that employees are supported in achieving individual and organizational goals and expectations, which in turn will boost organizational performance. Impact of Human Resource Management Practices and Interventions in SMEs is a collection of innovative research that examines the applications of human resource management theories in practice and provides evidence-based strategies that enhance various aspects and performance of individual employees as well as SMEs as a whole. Furthermore, it will explore the different phases of the SMEs' attributes, culture, business processes, and performance. While highlighting topics including human capital, consumer satisfaction, and performance management, this book is ideally designed for human resource managers, managers, executives, human resource personnel, academicians, researchers, and students.

Flexibility in Internationalization

Author : Felix Merz
Publisher : GRIN Verlag
Page : 29 pages
File Size : 46,78 MB
Release : 2011-02
Category : Business & Economics
ISBN : 3640840089

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Seminar paper from the year 2011 in the subject Business economics - Personnel and Organisation, grade: 1,3, Technical University of Chemnitz (Fakultät für Wirtschaftswissenschaften - Professur für Personalführung), course: Human Resource Management Research, language: English, abstract: Firms going global aim to broaden their range of sales, production or sourcing. Lee and Makhija (2009) confirmed that international investments (export-related investments and foreign-direct investments) could provide flexibility. What the authors didn ́t expound on is how Human Resource Management could contribute. The goal of this paper is to show some possibilities concerning qualitative (e.g. broaden the range of employees skills and competencies), quantitative (e.g. use non-standard contract arrangements) and strategic (e.g. linkage of Human Resource Management and top-management concerning strategy development and implementation) contributions of Human Resource Management.

International HRM

Author : Chris Brewster
Publisher : Psychology Press
Page : 335 pages
File Size : 42,49 MB
Release : 1999
Category : Employees
ISBN : 0415194903

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Taking a thematic approach, this text draws on national experiences from Belgium, China and Finland, to illuminate issues and debates on Human Resources Management in the late 1990s including globalization versus localization, the management of rewards and performance appraisal.