<abstract xmlns="http://www.w3.org/1999/xhtml"><p> 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 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.</p></abstract>

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 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.

A Multicultural Competencies Approach to Developing Human Capital Management

Department of Industrial Engineering, Management and Quality, Faculty of Materials Science and Technology, Slovak University of Technology, Paulínska 16, 917 24 Trnava, Slovak Republic

Research Papers Faculty of Materials Science and Technology Slovak University of Technology

{"article-title":"A Multicultural Competencies Approach to Developing Human Capital Management"}

The globalisation phenomenon has been prevalent since the last decade of 20th century and remains a significant factor influencing both organisations and...

A Multicultural Competencies Approach to Developing Human Capital Management

Published Online: Feb 12, 2013

Page range: 157 - 164

DOI: https://doi.org/10.2478/v10186-012-0027-0

Keywords
Human Capital Management, Globalisation, Multiculturality, Culture, Diversity Introduction

This content is open access.

A Multicultural Competencies Approach to Developing Human Capital Management

Published Online: Feb 12, 2013

Page range: 157 - 164

DOI: https://doi.org/10.2478/v10186-012-0027-0

KeywordsHuman Capital Management, Globalisation, Multiculturality, Culture, Diversity Introduction

This content is open access.

Keywords
Human Capital Management, Globalisation, Multiculturality, Culture, Diversity Introduction