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In a Short Essay,explain Why Human Resource Management (HRM)is Important

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Essay

In a short essay,explain why human resource management (HRM)is important to organizational success.


Definitions:

Inflation Rate

Inflation rate measures the rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling.

Exchange Rate Risk

The fluctuation in exchange rates between currencies over time.

Foreign Project

An investment or business venture situated outside of the investor's home country, often requiring analysis of country-specific risks and rewards.

Cross Exchange Rate

The exchange rate between two currencies, derived from their respective exchange rates with a third common currency.

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