International Business Management UNIT4DB Essay Example | Topics and Well Written Essays - 500 words

International Business Management UNIT4DB - Essay Example If companies like Boeing and Volkswagen would go along with China's terms it brings benefits for both China and international companies. Globalization of trade opens new opportunities for MNEs to compete on the global market. In this case, the international organization must be responsive to change through people employed by it and new environment it operates. Without cooperation and information interchange, many foreign companies will fail to perform successfully in China. On the other hand, International Business Studies and International Human Resource Management are the main fields of research which make information available for a wide target audience. Contemporary developments in the field of IHRM suggest that if Chinese companies learn modern management skills from non-Chinese companies and acquire technology it create great opportunities for both parties and help them to overcome national differences and cultural diversity. The main problem is that modern management skills is truly international and used by many companies around the world. On the one hand, contemporary developments in the field of IHRM "incor porate the broader contextual reality" (Schuler et al 2002:.43).