Open Europe Consulting, Germany
In times of the economic globalisation, the “war of talents” and skills shortage in emerging markets,
vocational education and training services (VET) are strategically highly relevant for international HR
Management. The criticism against negative impact of economic globalisation leads to a Creating Shared
Value (CSV) conception of VET internationalisation, that on one hand is based on an entrepreneurial
mind-set taking a market- and profit orientation, and on the other hand considers the social,
environmental and further societal context contributing to common good. The paper presents a best
practice example and six conceptual components of a VET internationalization CSV framework.
Key words: globalization, emerging markets, internationalisation of vocational education and training
(VET), international HR management, service co-creation, creating shared value.
JEL classification: A29, F60
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