NEW DIMENSION OF MANAGEMENT IN THE GLOBALIZED ERA – WITH SPECIAL REFERENCE TO HUMAN RESOURCE MANAGEMENT

Management

International Conference on "Innovative Management Practices"

Globalization is a feature of changing world. It is no more a recent phenomenon in the world and since India is major player of twenty first century we are facing its socio–economic impacts. Initial enthusiasm for globalization as a beneficial set of processes has yielded to an understanding that the phenomenon is largely associated with increasing social inequality within and between countries as well as instability and conflict. Globalization is impacting the institutional framework in both developing and industrial countries. It is changing the way in which governments perceive their role in the society. It has also far reaching implications for socio economic development and educational systems of countries all over the world. With abundance of natural resources India has huge young and skilled man power to excel in every walk of life. HR is one of the domains of management, about which professionals appear to be least aware of. With the advent of globalization and invasion of large number of multinationals in India, the stream of Human Resource management has seen a rapid change. Hence the present study has been conducted to give an overview of Human Resource Management and its New Dimensions in the Globalized era.

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