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Research Articles

Global Business Management for Multinational Enterprises: Navigating Political Risk, Ethics, and International Human Resource Management

Jiahong Chen1,*, Yang Yang2, Chenxu Lin3

1 Glorious Sun School of Business and Management, Donghua University, Shanghai, China
2 College of Publishing, University of Shanghai for Science and Technology, Shanghai, China
3 Sino-British College, University of Shanghai for Science and Technology, Shanghai, China
* Correspondence: Jiahong Chen, E-mail: jiahongchen846@gmail.com
 
J. Int. Eco. Glo. Gov., 2024, 1(3), 16-28; https://doi.org/10.12414/jiegg.240249
Received : 12 Jul 2024 / Revised : 22 Jul 2024 / Accepted : 03 Aug 2024 / Published : 30 Aug 2024
© The Author(s). Published by MOSP. This is an open access article under the CC BY-NC license.
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Abstract
 
With the rapid advancement of globalization, numerous companies are expanding abroad and developing their international businesses. This essay analyzes three critical issues that multinational enterprises (MNEs) face in managing international business: political risks, ethics, and international human resource management (IHRM). Through case studies of MNEs like Zoom and Huawei for political risk management, Unilever, Apple and Google for ethical practices, and L’Oreal and Google for IHRM strategies, the essay highlights various strategies for navigating challenges. Issues about women expatriates and new trends are also discussed in the IHRM part. Chinese MNEs seeking to expand business overseas could learn from their experiences. It is suggested that they could adopt context-specific approach to political risks, develop dynamic ethical frameworks that balance stakeholder interests, and implement flexible IHRM practices.
 
Keywords: Multinational Enterprises, Political Risks, Ethics, International Human Resource Management
 
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Funding

    None.

Conflicts of Interest:

    The authors declare that they have no conflicts of interest to report regarding the present study.

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© The Author(s). Published by MOSP. 
This is an open access article under the CC BY-NC license.

Chen, J.; Yang, Y.; Liu, C Global Business Management for Multinational Enterprises: Navigating Political Risk, Ethics, and International Human Resource Management. Journal of International Economy and Global Governance 2024, 1 (3), 16-28. https://doi.org/10.12414/jiegg.240249

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