A Multicultural Competencies Approach to Developing Human Capital Management

Paul Woolliscroft, Dagmar Cagáňová, Miloš Čambál, Miriam Šefčíková, Joana Valery Kamenova
2012 Research Papers. Faculty of Materials Science and Technology. Slovak University of Technology in Trnava  
The globalisation phenomenon has been prevalent since the last decade of 20th century and remains a significant factor influencing both organisations and individuals today. Within a globalised business environment the effective management of multicultural aspects and differences has become imperative to ensure success. It is increasingly evident there is a need to develop a clear understanding of multicultural competencies in order to fully develop a strategic approach to human capital
more » ... an capital management (HCM). The adoption of a strategic approach is necessary to ensure a focus on the issues critical to success and competitive advantage including multicultural management, professional skills and knowledge management. This paper aims to identify the importance of intercultural management and the impact of globalisation upon international business.
doi:10.2478/v10186-012-0027-0 fatcat:3u74d54f5faiplu3k6afcmnfbe