The paper "The Gap within the Field of HRM in relation to the Emerging MNCs with Chinese Origin" is an outstanding example of a management literature review. Human resources are crucial elements for the achievement of success in the newly emerging multinational companies, particularly the ones from the Asian Pacific region. Identification of the importance of HRM is vital towards effective and efficient management of the global workforce in relation to sustainable international transactions. The purpose of this literature review is to focus on identifying the research gap within the field of human resource management (HRM) in relation to the emerging MNCs with Chinese origin. In order to achieve this objective effectively, the review will focus on a brief illustration and explanation of the concept of HRM.
In addition, the review will proceed to discuss relevant theoretical perspectives of HRM with the intention of understanding the proper theory application of human resource management to enhance the approach by MNCs to achieve competitive advantage. Moreover, the review will demonstrate an effective understanding of three subfields of the HRM with reference to Strategic HRM, the Micro level of HRM, and International HRM.
According to diverse perspectives, strategic HRM is critical for the realization of competitive advantage in the global context. From this illustration, the review will be ideal in understanding the relevance of strategic HRM towards the operations of the Chinese MNCs. The review will also consider effective illustration and examination of the effect of country of origin with the purpose of understanding the linkage between HRM practice and the country of origin effect in handling the needs and preferences of the consumers. Similarly, chapter 3 will integrate a brief review of literature in relation to empirical studies in the field of HRM of MNCs as well as emerging and existing issues of HRM within the context of MNCs operating in Australia. Human Resource Management (HRM) According to diverse literature of HRM, the concept of human resource management traces its origin from the United States in the 1960s.
From this development period, the essence of globalisation has been ideal in the global spread of HRM because of the massive importance of employees in the generation of competitive advantage in the market and industry of transaction by MNCs (Fey & Bjorkman, 2001; Brewster, 2002; Taybe, 2005).
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