Select an industry with which you are somewhat familiar
Select an industry with which you are somewhat familiar [e.g., kitchen appliance manufacturing, personal care products, or after-market automobile parts]. (b) Identify three countries with which companies in your nation might establish a or subsidiary. (c) Assume your locally-based corporation has entered into joint ventures [shared equity and management partnership] in two of those countries, and has a wholly-owned subsidiary [i.e., no partner] operating in the third [your choice]. In both types of business relationships your company has employed a combination of expatriate [i.e., parent-country employees who have been employed in your local operations] as well as host country nationals [HCNs], and employees from at least one other third country [TCNs].
Identify basic trends in the following aspects of the which might affect your business over the next two or three years while engaged in a partnership [international joint venture] or with a wholly-owned subsidiary doing business in the group of countries you are assigned. Cite your sources.EconomicSocial-CulturalPolitical-LegalTechnologicalMarketFrom your analysis, determine potential implications for HRM policies and practices.Using the outline below, prepare a 5-10 minute overview of your findings.Conclude by telling what additional information you would seek and what sources you might use.
BRIEFING OUTLINE
Industry: ____________________ Group of Countries: _________________________
Key Environmental Trends and HR Implications
Environmental Factors and Trends
[list several key factors for each of the following] HRM Policy Implications
[Identify HR policy implications associated with this and other factors/trends in the column to the left]Economic Conditions
Social-Cultural
Market/Competition Changes
Technological Changes
Political-Legal Conditions
What additional information would you seek, and name some potential sources.
…………….Answer Preview……………….. Industry: Automotive Industry. Group of Countries: Brazil, Germany and India Key Environmental Trends and HR ImplicationsEnvironmental Factors and Trends
[list several key factors for each of the following] HRM Policy Implications
[Identify HR policy implications associated with this and other factors/trends in the column to the left]Economic Conditions
Brazil- sluggish economy and reduced rate of growth for the economy.
-average cost of doing business compared to other economies in southern America.
Ger
Sluggish economy may cause a struggle for the best paying jobs that people can get
Will help in making sure recruitment of as many staff as they are needed.
A developed econ
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