international expansion plans
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Currently international management at PM Company consists of one person. What specific management principles and practices should PM company begin to put in place that will assist the company as their international expansion plans move forward and their international business begins to grow?
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What specific management principles and practices should PM company begin to put in place that will assist the company as their international expansion plans move forward and their international business begins to grow?
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Some of the major changes which will be required at PM company in order to make their international expansion strategy or foray into international markets successful are:
A sound human resource infrastructure is one of the most critical aspects for being successful in any business and it truly applied to international businesses as well. A professional, experienced human resource base comprising of seasoned international business professionals who have worked in multicultural business environments before is crucial for PM company in order to make their international expansion efforts worthwhile. Since the company currently posses only one person in the international business division, it is extremely necessary that company should either hire new employees who possess the desired experience and qualification to operate in international markets or train their current employees to prepare them for taking the challenges in the international market.
In order to hire the new ...
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