The Evolution of Multi-National Enterprises Responses to The Research Paper

The Evolution of Multi-National Enterprises Responses to The Challenges of Globalization - Research Paper Example The heterogeneity of the work involved also has become more complex just as in the case of coordination of multiple salary currencies. More research and involvement on the differential operative needs of the company including their staffing policy is also much challenging. However, the process of globalization is, in turn, a matter of scope for companies as it would enable them with the choice of a wide selection of manpower and a diverse market scope spread across the globe. This process has also equipped the management with better connectivity with its counterparts across the globe which is within itself a quality assurance process. Globalization has provided the personnel managers with sufficient choices of capacity building processes for their staff. Diversity within the team enables the management of a wider thought process with differential insights on varied market requirements. So as to formulate the strategic policies pertaining to globalization, it’s important to analyze the range of diversity caused due to globalization. This section of the essay critically analyses the various challenges that the Multi-National Enterprises may face in the context of globalization. With reference to each of these concerns possible responsible by the leaders and the companies also has been explained. A modern definition of culture is â€Å"the shared ways in which groups of people understand and interpret the world (Fons & Charles 1997,p.3-4). A diversity in the interpretation and understanding as defined by Fons & Charles is very possible to be experienced within any team of modern days mainly due to the resultants of globalization namely in- sourcing and outsourcing. Moreover, the policies on the exchange of manpower among different nationalities promoted by the shortage of skilled manpower in many countries have led many working  groups to hire people belonging to different countries with diverse cultures.