Human capital and inovation exammining the role of globalization

Edited by www.ebook3000.com Palgrave Studies in Global Human Capital Management Series Editors Sumit Kundu Florida International University Miami, FL, United States Ashish Malik The University of Newcastle Callaghan, New South Wales, Australia Surender Munjal University of Leeds Leeds, United Kingdom Vijay Pereira University of Wollongong in Dubai United Arab Emirates and University of Portsmouth Portsmouth, United Kingdom Globalization has led to spatial division and disaggregation of work across the globe, leading to the evolution of novel forms of work organization and contextually-embedded approaches such as co-working and co-creation in an interconnected and interdependent ecosystem Whilst there are many advantages of scale and scope associated with these work design forms there are also many problems and challenges Palgrave Studies in Global Human Capital Management presents new research that examines the intersection of globalization, technology, innovation, HRM practices and work organization With an emphasis on human capital management in international business, the series stresses the importance of culture and contextually-situated knowledge a dynamic work environment, especially in the context of big emerging markets to enhancing productivity and competitiveness with a skilled work force More information about this series at http://www.springer.com/series/14623 www.ebook3000.com Sumit Kundu • Surender Munjal Editors Human Capital and Innovation Examining the Role of Globalization Editors Sumit Kundu Florida International University College of Business Miami, Florida, USA Surender Munjal Leeds University Business School University of Leeds Leeds, UK Palgrave Studies in Global Human Capital Management ISBN 978-1-137-56560-0 ISBN 978-1-137-56561-7 DOI 10.1057/978-1-137-56561-7 (eBook) Library of Congress Control Number: 2016954253 © The Editor(s) (if applicable) and the Author(s) 2017 The author(s) has/have asserted their right(s) to be identified as the author(s) of this work in accordance with the Copyright, Designs and Patents Act 1988 This work is subject to copyright All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed The use of general descriptive names, registered names, trademarks, service marks, etc in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made Printed on acid-free paper This Palgrave Macmillan imprint is published by Springer Nature The registered company is Macmillan Publishers Ltd The registered company address is: The Campus, Crinan Street, London, N1 9XW, United Kingdom www.ebook3000.com Foreword In my 1984 book (Tung, 1984), I attributed the post-World War II “economic miracle” in Japan to its human power Even though the Japanese economy has entered into the doldrums since the 1990s, the fact remains that human capital is pivotal to a country’s competitive advantage as a nation’s ability to innovate is very much a function of its success in nurturing, attracting, and retaining human talent Kundu and Munjal’s edited book of readings highlights this important theme, namely, the critical relationship between human capital and innovation In the pre-globalization era, human capital was assumed to be more or less static, that is, a country either possesses it in abundance or not With globalization, there is greater mobility of human talent across countries despite the emergence of de-globalizing trends as evidenced in Britain’s referendum vote to leave the European Union Freer human flows across countries have contributed to the worldwide war for talent This latter phenomenon has been brought on largely by, one, the ascendancy of emerging markets, particularly that of China’s and India’s; two, the aging of the workforce in many countries; and, three, the shortage of people with a global mindset (Tung, 2016) This competition among nations to recruit the best and the brightest, regardless of their country of origin and nationality, has paved the way for “brain circulation” (Saxenian, 2005) and the growing use of global virtual teams Brain circulation is particularly prevalent in societies with sizable diasporas, such as that of China’s v vi Foreword and India’s As far as global virtual teams are concerned, the magnitude of diversity of such teams is indeed substantial since human talent can hail from any country and/or region of the world The chapters contained in this book address many of these themes and thus help shed important and useful insights into how countries and companies alike can leverage these resources to their best advantage Rosalie L. Tung The Ming & Stella Wong Professor of International Business Simon Fraser University References • Saxenian, A (2002) Brain circulation: How high-skill immigration makes everyone better off The Brookings Review, 20(1), 28–31 • Tung, R.  L (1984) Key to Japan’s economic strength: Human power Lexington, MA: Lexington Books, D. C Heath • Tung, R.  L (2016) New perspectives on human resource management in a global context Journal of World Business, 51(1), 142–152 www.ebook3000.com Contents Exploring the Connection Between Human Capital and Innovation in the Globalising World Surender Munjal and Sumit Kundu Flexibility, Labour Utilisation, and the Global Factory Peter Enderwick 13 Leading for Innovation Mohammad Haris Minai, Shailendra Singh, and Arup Varma 39 The Microfoundations of Global Innovation: Disrupting the Balance Between Centripetal and Centrifugal Forces Juan I Sanchez and Yasmina Lazrak Managing Non-traditional Human Capital in  International Assignments: A Qualitative Analysis of  the Talent and Innovation Gaps Kowoon Kim and Mary Ann Von Glinow 73 91 vii viii Contents What Does It Take? New Praxes of Cross-Cultural Competency for Global Virtual Teams as Innovative Work Structure Norhayati Zakaria 131 From Outsourcing to Best-Sourcing? The Global Search for Talent and Innovation Srinivas Rao Pingali, Janet Rovenpor, and Grishma Shah 161 Chinese Innovation Performance Development and  Evolving Forms of Global Talent Flow Paula Makkonen 193 Theorising Human Capital Formation for Innovation in India’s Global Information Technology Sector Ashish Malik and Vijay Pereira 221 Index 251 www.ebook3000.com Notes on Contributors Peter Enderwick is Professor of International Business at Auckland University of Technology, Auckland, New Zealand and in recent years a Visiting Professor at the Centre for International Business, University of Leeds, UK. His interests are in the areas of international strategy, international HRM, services, and emerging markets He is the author of eight books as well as a number of book chapters and articles in professional journals Kowoon  Kim is currently a PhD student in Management and International Business at Florida International University She attended the Dongguk University, in the Republic of Korea, where she received her BA in International Trade in 2011 She earned her Master’s in International Management Studies from the University of Texas at Dallas in 2014 Her research interests include cross-cultural management, international human resource management, and multicultural management Sumit  Kundu is James K.  Batten Eminent Scholar Chair in International Business in the College of Business Administration at Florida International University, USA.  He is the Vice President of the Academy of International Business and sits on the editorial board of several premier journals Kundu has published several articles in prestigious journals and has been a consultant to several multinational corporations including Novartis, MasterCard International, Ingersoll Rand-Hussmann International, Boeing, and CPI-Sears Portrait Studio Yasmina  Lazrak has held executive marketing positions within Fortune 500 companies such as Unilever, Danone, Colgate-Palmolive, and The Coca-Cola ix ... problem solving; on the other hand, it can contribute to the challenges of managing human capital Chapters and analyse the role of diversity in human capital for innovation The authors argue that... leverage the usage of human capital in fostering innovation in a globalised world The success of firms is determined by the optimal allocation of resources, the most precious of these being human capital. .. has to understand that the ecosystem of innovation has to encompass different levels of human capital analysis The aim of this book is to explore the connection between human capital and innovation