What key challenges do you think might arise if a business from one of your two countries were to establish a new venture* in the second country?

Choose two contrasting countries from different regions of the world (Oceania, Europe, North America, South America, Asia, Africa).(I prefer ASIA with other countries) Keeping in mind the key features of their national culture, employment law, employment relations systems, and any other factors you think might be relevant, provide a brief description of the approach to HRM that large organisations generally adopt in those two countries. What key challenges do you think might arise if a business from one of your two countries were to establish a new venture* in the second country? What recommendations would you provide? Be sure to link your descriptions and answers to key ideas and theories related to IHR and to justify your answers with academic research (like peer-reviewed journal articles and academic books), as well as information published by governments and industry bodies if relevant. You may also draw on news reports or organisational communications about actual events if they serve as relevant examples.

* Depending on national regulations around foreign direct investment (FDI), this new venture may be allowed to operate as a wholly-owned foreign enterprise, or it may be required to create a joint venture enterprise with a domestic firm or state-owned enterprise. You should consider the implications of the nature of this new venture in your answer.