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The Global AuctionThe Broken Promises of Education, Jobs, and Incomes$
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Phillip Brown, Hugh Lauder, and David Ashton

Print publication date: 2010

Print ISBN-13: 9780199731688

Published to Oxford Scholarship Online: May 2012

DOI: 10.1093/acprof:oso/9780199731688.001.0001

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Managing in the Global Auction

Managing in the Global Auction

(p.98) Chapter Seven Managing in the Global Auction
The Global Auction

Phillip Brown

Hugh Lauder

David Ashton

Oxford University Press

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

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