HP recently cut 9,000 jobs and will hire 6,000 new employees outside the US. According to Bloomberg BusinessWeek, HP is shedding the sizable portion of its workforce to be more competitive with IBM.

This story, like many others, underscores the continuing effects of globalization and the increasingly crucial need for managers to develop global business skills and intercultural competency. We now understand companies can no longer rely on a national approach to the market to be competitive. Developing economies around the world have created an environment multinational corporations find hard to resist. Can their global endeavors be sustainable without acknowledging significant cultural differences before establishing operations in numerous foreign countries?

Joshua

RW3 CultureWizard