Chapter

Managing in the Global Auction

Phillip Brown, Hugh Lauder and David Ashton

in The Global Auction

Published in print December 2010 | ISBN: 9780199731688
Published online May 2012 | e-ISBN: 9780199944125 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199731688.003.0018
Managing in the Global Auction

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This chapter studies the growing importance connected to the way companies are restructuring their global division of labor. It starts with a section on the human resources of a company, who are considered as the sum total of individual skills, knowledge, and know-how that the company has at its disposal. It shows how the global auction has provided companies more strategic choices on how to create a new global division of labor. The next section examines the tension between competitive demands to cut long-term commitments and costs in order to maintain the loyalty, experience, and skills of their workforce. Finally, it considers two waves of offshoring.

Keywords: global division of labor; human resources; global auction; competitive demands; workforce; offshoring

Chapter.  5785 words. 

Subjects: Occupations, Professions, and Work

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