The Effect of Human Resource Management Strategies on the Market Competitiveness of Multinational Companies

In today's context of global economic integration, multinational corporations (MNCs) are facing unprecedented market challenges and opportunities. This paper deeply explores how human resource management, as a core driving force, influences and enhances the market competitiveness of multinational corporations (MNCs). Through an extensive review of domestic and international related literature and case studies of successful MNCs, this paper systematically investigates the multidimensional mechanisms of efficient HRM practices. The results show that these practices not only significantly enhance the market adaptability of MNCs, enabling them to respond quickly to environmental changes. They also effectively stimulate the innovation vitality within the organization and promote the continuous iteration and upgrade of products and services, and at the same time, they also significantly improve the brand influence of the enterprise and enhance market recognition. Based on this, this paper provides multinational corporations with specific suggestions for optimizing human resource management strategies, aiming to help them build stronger market competitiveness, and this research result is of great practical significance to the strategic planning and daily management of multinational corporations.

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Publication Details

Journal
Transactions on Economics Business and Management Research
Published
2024-12-23
DOI
https://doi.org/10.62051/a1kr7292
Primary Topic
International Business and FDI
Type
article
Field-Weighted Citation Impact
0.00
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article

The Effect of Human Resource Management Strategies on the Market Competitiveness of Multinational Companies

Yihan Zhou
Transactions on Economics Business and Management Research
International Business and FDI
article

The Effect of Human Resource Management Strategies on the Market Competitiveness of Multinational Companies

Yihan Zhou
article en

Abstract

In today's context of global economic integration, multinational corporations (MNCs) are facing unprecedented market challenges and opportunities. This paper deeply explores how human resource management, as a core driving force, influences and enhances the market competitiveness of multinational corporations (MNCs). Through an extensive review of domestic and international related literature and case studies of successful MNCs, this paper systematically investigates the multidimensional mechanisms of efficient HRM practices. The results show that these practices not only significantly enhance the market adaptability of MNCs, enabling them to respond quickly to environmental changes. They also effectively stimulate the innovation vitality within the organization and promote the continuous iteration and upgrade of products and services, and at the same time, they also significantly improve the brand influence of the enterprise and enhance market recognition. Based on this, this paper provides multinational corporations with specific suggestions for optimizing human resource management strategies, aiming to help them build stronger market competitiveness, and this research result is of great practical significance to the strategic planning and daily management of multinational corporations.

Transactions on Economics Business and Management ResearchVol. 14
Nanjing University of Posts and Telecommunications (CN)
Openalex Percentile: Top 49%
International Business and FDI
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The Effect of Human Resource Management Strategies on the Market Competitiveness of Multinational Companies — Yihan Zhou · Transactions on Economics Business and Management Research (2024) | TGRS Research Map | TGRS