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5

The Strategic Function of Human Resource Management

Creating value by opening and operating a business, subsidiary, or branch requires that a firm:

determine its human resource needs

hire the people required to meet those needs

motivate its employees to perform well

continually upgrade its employees’ skills

retain those employees whose performance explicitly improves the productivity of the firm’s core competencies within the context of the value chain

The roles and characteristics of international managers evolve over time.

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