Sample Solution

from the West side.  These challenges can classify as Internal and External Challenges.

Internal challenges would include the companies having to search for strong talents that take them abroad and undertake leadership both overseas and in India. Another internal challenge the companies face would be the cultural difference between employees that work together towards achieving a common goal. For example, Indian managers that are sent abroad might not straight away or at all, understand the cultural of the country that they are sent into and might even fail at their job, leading the company into a loss.

External challenges faced by Indian multinationals would include ‘Liquidity Shortage’, this occurs when a company might face losses because of less popularity of their products and therefore less demand. A slow economic growth could also be an external challenge that the Indian multinationals would face.

Therefore, this paper reviews the literature on Indian multinationals focusing on Human Resource planning strategies.

What is a Multinational Company?

‘A Multinational Company (MNC) is a company has facilities and other assets in at least one country other than its home country’. Such organizations for the most part have a unified head office and smaller workplaces in different nations. If a multinational is large enough, they usually have a budget to surmount those of small countries.

Campaigners of Multinationals say they are making fruitful openings for work and innovation that would not be accessible in those nations, generally. On the other hand, the critics argue that they often create job losses for in their home countries, exercise undue control over governments and do an injustice to the developing nations etc.