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Globalization, Economic Crisis and Employment Practices: Lessons from a Large Malaysian Islamic Institution

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  • Pawan Budhwar
  • Khairul Fadzil

Abstract

This contribution initially discusses the ever increasing globalization of business and its impact on nations which embrace globalization without adequate preparation. The essay also highlights the need to understand and acknowledge the different ways of managing human resources in different parts of the world. Considering the ever increasing popularity and the following of Islam worldwide and the globalization of business, an attempt has been made to highlight the key Islamic work principles and their usefulness in creating a unique internal labour market (ILM) which can significantly contribute to the successful operating of organizations and enable them to achieve a sustained competitive advantage. The findings have key messages both for academicians and practitioners in the field of international business, human resource management and organization studies.

Suggested Citation

  • Pawan Budhwar & Khairul Fadzil, 2000. "Globalization, Economic Crisis and Employment Practices: Lessons from a Large Malaysian Islamic Institution," Asia Pacific Business Review, Taylor & Francis Journals, vol. 7(1), pages 171-198, September.
    • Handle: RePEc:taf:apbizr:v:7:y:2000:i:1:p:171-198
    DOI: 10.1080/13602380000000008
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    Cited by:

    1. Wahab, Mastura Ab. & Quazi, Ali & Blackman, Deborah, 2016. "Measuring and validating Islamic work value constructs: An empirical exploration using Malaysian samples," Journal of Business Research, Elsevier, vol. 69(10), pages 4194-4204.
    2. Pawan Budhwar & Yaw Debrah, 2009. "Future research on human resource management systems in Asia," Asia Pacific Journal of Management, Springer, vol. 26(2), pages 197-218, June.
    3. Baruch, Yehuda & Budhwar, Pawan S., 2006. "A comparative study of career practices for management staff in Britain and India," International Business Review, Elsevier, vol. 15(1), pages 84-101, February.

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