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Emerging Economies and Talent Management: Core Challenges Facing Key Actors in Strategy Translation

In: BUSINESS PRACTICES, GROWTH AND ECONOMIC POLICY IN EMERGING MARKETS

Author

Listed:
  • Maria Teresa Beamond
  • Elaine Farndale
  • Charmine Hartel

Abstract

An important component of globalization over the past two decades has been emerging economies’ rapid integration into the world economy. Consequently, multinational enterprises (MNEs) have faced substantial talent management challenges to attract and retain high-performing employees. We address here the question of how MNEs have tackled these challenges by focusing on Latin America as an example of a region undergoing rapid economic development during the mining industry boom. Based on a case study of one MNE, interview data were collected in Peru, Chile and Argentina at a time of substantial skill shortages in the region. By analyzing the organizational structure of the MNE and its translation of talent management strategies from corporate to subsidiary levels, we explain who the key actors are in the process of translation and identify five key talent management challenges that foreign-owned MNEs face when operating in Latin America.

Suggested Citation

  • Maria Teresa Beamond & Elaine Farndale & Charmine Hartel, 2020. "Emerging Economies and Talent Management: Core Challenges Facing Key Actors in Strategy Translation," World Scientific Book Chapters, in: Luis Camacho & Satyendra Singh (ed.), BUSINESS PRACTICES, GROWTH AND ECONOMIC POLICY IN EMERGING MARKETS, chapter 7, pages 115-134, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811221750_0007
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    More about this item

    Keywords

    Emerging Markets; Developing Countries; International Business; Economic Policy; Economic Development; Business Practices;
    All these keywords.

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • M16 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - International Business Administration
    • F68 - International Economics - - Economic Impacts of Globalization - - - Policy
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations

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