Human Resource Management Research Paper Example | Topics and Well Written Essays - 1250 words

Human Resource Management - Research Paper Example ed customer requirements, difference in the cultural values among the people or the workers, an overabundance of stakeholders like customers, investors and so on with varied claims, diverse economic, political as well as legal environments and lastly the assortment of strategies of the competitors (Financial Times, 2007). Cultural Factors Cultural factors are considered to be the slightest substantial factor but for international organizations, they turn out to be one of the most important factors. Culture is perceived to be the features and behavioral structure of the people of a particular society. Cultural factors include religion, customs and approaches, language, values and mind-sets, education, material constituents, social foundations and aesthetics. Culture can also be said to be the complete system of life of the people in a specific society. For organizations to be successful, it is vital that they take into deliberation and adapt to the culture of the country or society. U nderstanding the cultural factors assists in endowing with competitive advantage to some extent to the organizations (Lan & Unhelkar, 2005). For instance, the Indian culture is quite open to new products, ideas and thoughts and accepts change without much hesitance. Thus, the people in India working as employees can adapt to the different working style and ways without much hesitance, whereas the Japanese culture is quite rigid and is not open towards accepting all and every kind of alterations in their society. Thus, organizations branching out in Japan should take it into concern and should be careful to practice their business operations according to the societal ways. Any alteration in the ways of working in the organizations would not be readily accepted by the local employees and... This essay stresses that the growing organizations require complying with the Organization for Economic Cooperation and Development or the OECD. This is considered as the developer of rules in case of industrialized countries. The International Labor Organization, involved with the issue of ‘direct investment’ in the developing nations, can also be considered as another developer of code of conduct for globalizing companies. This article makes a conclusion that organizations need to concentrate and focus on multiple factors while planning their global expansion. The success or the failure of organizations is dependent on the proper treatment and understanding of the above mentioned factors. It is quite important for organizations to take these issues into consideration so as to attain competitive advantages along with global success. Successful global expansion would ensure the sustained existence of such organizations in this fiercely competitive age. It should be kept in mind that the adaption of effective human resource management strategies is the most significant aspects to be considered while expanding globally. It can not only minimize the risks associated with environmental and cultural divergences, but can also reward the organization with better productivity and sustainable growth in the market. With this concern, the human resource management practices should be altered according to the cultur e, preference and trends of the host market.

Existentialism: Kierkegaard and Nietzsche Essay -- Philosophy

The Merriam – Webster Dictionary defines existentialism as a chiefly 20th century philosophical movement embracing diverse doctrines but centering on analysis of individual existence in an unfathomable universe and the plight of the individual who must assume ultimate responsibility for acts of free will without any certain knowledge of what is right or wrong or good or bad (Merriam, 2011). In other words, an existentialist believes that our natures are the natures we make for ourselves, the meaning of our existence is that we just exist and there may or may not be a meaning for the existence, and we have to individually decide what is right or wrong and good or bad for ourselves. No one can answer any of those things for us. A good example of existentialism is Woody Allen’s movie, Deconstructing Harry. A man is haunted by his past and his past has followed him into the present. He is a wreck not because of the things that happened to him, but because of the choices he made. He is consumed by regret and insecurity and he tries to find blame in his situation with someone other than himself, however he cannot (Barnes, 2011). Throughout the rest of this paper I will be discussing two of the most prominent existentialists, Kierkegaard and Nietzsche. Soren Kierkegaard’s ideas of existentialism were firmly rooting in his Christianity. This would make sense in light of his college major and at one time feeling a call to serve within the church. Kierkegaard surmised, â€Å"God is infinite and personal†¦ transcendent and imminent, omniscient, sovereign, and good† (Teachme, 1997). Even though his beliefs were rooted in Christianity he believed that man also had the inalienable right to be himself (Teachme, 1997). That is, he has the right to be ... ...tialism. (2011). In University of South Dakota. Retrieved December 6, 2011, from http://people.usd.edu/~clehmann/HWB/hwb_h/exist.htm Malachi. (2003). Existential Wars: Kierkegaard versus Nietzsche. In Soren Kierkegaard. Retrieved December 5, 2011, from http://www.sorenkierkegaard.nl/artikelen/Engels/001.%20Existential%20Wars%20Kierkegaard%20vs%20Nietzsche.pdf Soren Kierkegaard. (1997). In Teach-Me. Retrieved December 6, 2011, from http://www.angelfire.com/la/TEACH2/SKierkegaard.html Where the Absurd leads to God: Introducing Kierkegaard. (2009). In 90 Seconds to Culture. Retrieved December 4, 2011, from http://www.90secondstoculture.com/2009/04/where-the-absurd-leads-to-god-introducing-kierkegaard-culturecast-053/ Wyatt, C. (2010). Friedrich Nietzsche. In Tameri Guide for Writers. Retrieved December 6, 2010, from http://www.tameri.com/csw/exist/nietzsche.shtml

International Business in Emerging Markets Essay

The global exchange of capital, goods and services also referred to as national trade is the pre-dominant part of all economies. Advancement in time of transportation, transnational corporations, globalization and outsourcing practices have led to the growth and importance of international trade (Anderson et al, 1993). This importance accrues from the amount of revenue this trade generates. The importance of this trade is apparent in the amount of money, time, human and other resources that go into the planning of global trade affairs (Bhagwati, 1992). Entire ministries and budgets are dedicated to prepare transnational trade efforts. Memberships to regional trade bodies such as the European Union receive higher priority than political alliances while negotiation of trade treaties takes more of the leadership’s time (Dixit et al, 1980). In addition to political envoys, governments have trade consuls in other nations (Mattli, 1999). It is thus alarming for a country to realize that her international trade position is not attaining the targets that would indicate prosperity. The UK is one of such whereby her deficit in goods and services has risen from 2. 2 to 3. 5 billion pounds between august and September 2009. The deficit with European Union countries widened in the same period. while that with non European countries replicated the downward trend. It is also reported that except for Oil and erratic commodities, the volume of exports in September was 0. 2 percent lower than the previous months with imports being higher by 4. 1 percent (ONS, 2009). This indicates an alarming trend which the concerned departments need to look into. Perhaps the downturn is due to external factors that might be within reach or not. However trade policy needs to be reviewed to check this spiral. This is especially to deal with identification of new global markets that can be used to add to the export tally thereby reducing the deficit. A look at theories of trade can assist in identifying new markets and potential angles that can be exploited to correct the adverse situation. International Trade Theories There are two broad themes in theories of international trade. The qualitative theories explain a country’s trade patterns, that is which products are traded and why. Instances are absolute advantage and comparative advantage. There are also quantitative theories that explain the terms of trade for instance relative prices of exports and imports in the trading activities. Changes in data such as factor supplies, technology, trade policy and global trends also come in as quantitative themes. More importantly in these quantitative analyses, there is consistent use of the general equilibrium (Dixit et al, 1980). The Mercantilist Theory. This is a qualitative theme in international trade. It postulates that while exporting is good for a country, importing is to be avoided. This rationale is based on the assumption of fact that revenue from exports is in gold standard currency. Thus accumulation of sufficient gold reserves can only be achieved through high rates of export. Mercantilism argued for close government regulation for two reasons: to maintain a favourable balance of trade thereby advancing aggressive export with restrictive import policies; and to promote the processing of raw materials at home instead of importing manufactured goods, which would distort production and employment at home. This is a classical theory that ignores not only the benefits of importing but also the reality that no country is self sufficient thus a need to import is inherent. An example of application is the Canadian Department of Foreign Affairs where Canadian traders have been informed that the Embassy’s mandate is to help exporters and non-disclosure of import relevant information. Absolute Advantage. Smith’s Theory of Absolute Advantage stated that countries should concentrate on producing what they are best at; that is products that they have absolute advantage in, Incentive to trade among countries is therefore created since each specializes in one product. Also as a classical theory, it is applicability is scant. In summary Smith’s theory stated that unilateral trade liberalisation would be an advantageous policy for a country to follow, irrespective of the trade policies pursued by other countries. A drawback in Smith’s postulation is if a nation has no absolute advantage over any of her potential trading partners with respect to any goods or services, then it means international trade is of no relevance to her (Dixit et al, 1980). Comparative Advantage Comparative advantage as developed by David Ricardo in his book, ‘The Principles of Political Economy’, is an improvement of the Absolute advantage theory. It declares that countries can trade without absolute advantage. They need comparative advantage where the relative cost of producing and exporting a product varies between trade partners. There are still benefits even if one trading partner is absolutely better in production. Comparative advantage has been the prevailing applied concept. It indicates that if two countries engage in trade, each will have the incentive to increase production, and decrease consumption, of goods in which it has the lower relative marginal cost prior to trade than the others. For instance if Britain has competitive equilibrium prices of 300 pounds per TV set and 4 pounds per bottle of whisky, while Japan has corresponding prices of 100000 and 2000 yen respectively, then ceteris peribus, if Britain produces one TV less then she would be able to utilise the freed resources to produce another 75 bottles of whisky. Japan on the other hand is able to produce one more TV set by freeing redeploying resources used to produce 50 bottles of whisky. It is to their mutual interest to do so since the pre-trade, relative price of a TV set is 50 bottles of whisky in Japan and 75 similar bottles in Britain. This is an inducement to Japan to expand TV production for export to Britain and import whisky from her. Presumably the relative price after commencement of trade will settle at between 50 and 75. The Ricardian Model assumes technology variations between nations. The assumptions in summary are: labor is the sole primary factor of production; Labor has constant returns; there is limited labor in respective economies; Mobility of labor across industries rather than countries; perfect competition situation. This theory has in modern times been reviewed to include intermediate goods, that is, capital goods for instance machinery thereby adjusting the labor only notion. These intermediate goods are tradable across countries in the current global situation (Dixit et al, 1980). Factors Endowment. Ricardo’s Comparative advantage theory was modified by Heckscher-Ohlin Theorem, also the Factor Proportions Hypothesis. Here a country should export products that are produced using factors that it is relatively well bestowed with. This is a separate theory but it also gives an explanation on the underlying factors as to comparative advantage. In each country, the factor that is relatively abundant is relatively cheaper. Also the good that is relatively intensive in using this factor this is relatively cheaper. Thus a country is expected to have comparative advantage in products that are intensive in the use of factors that are relatively abundant in supply. The H-O model assumed: inter sector factor mobility; distinction between labour and capital intensive; Factor variation between countries; free trade; and trans-country technology homogeneity. It however does not incorporate trade in intermediate goods. It was later challenged by the work of Wasilly Leontief who discovered that The US exported less capital intensive than it imported labour intensive products, also the Leontief’s paradox (Trebilcock et al, 2005). Contemporary Theories These include: the specific factors theory where in the short run mobility between industries in labor is possible and not possible in capital. It resembles a short run H-O model. If there is an increase in the price of a product then the owners of the factor specific to that product will profit in real terms; the new trade theory seeks to cater for the fact deficiencies of the two main approaches. That a lot of trade occurs between countries with identical factor of production endowment and the high level of multinational production, or foreign investment; the Gravity model that proffers an empirical analysis of international trade trends rather than the theoretical approaches detailed. It projects trade patterns on the basis of the distance between the nations and their economic size interaction. It imitates the law of gravity that factors distance and size. It considers factors such as levels of income, diplomatic ties and respective trade policy (Trebilcock et al, 2005). Emerging markets are nations described to be undergoing rapid growth and industrialisation in social and business activity. The concerned nations are usually said to be in a transition to fully developed status. Data on these countries has been compiled and a list of the top economics proffered. Examples of the dominant emerging economies are Brazil, Russia, India and China. They have been given the acronym, BRIC. Included are: Latin American countries such as Argentina; Asian countries such as South Korea; Russia in Eastern Europe; some in the Middle East; and parts of Africa for Instance South Africa. Lately though there have been shifts for instance Mexico has edged into the top four in terms of investment and development pushing ahead of Brazil. However China and India still dominate the list as the emerging markets with the best opportunities. As a factor of their GDP, population size, growth potential and level of imports (World Bank, 2000). These markets are characterised by robust economic growth, resulting in a rise in GDP and disposable income. Political and social stability is also an important indicator and condition for this categorisation. This implies that the population is able to purchase previously un-affordable goods and services . However quite a part of these countries’ population remain poor. International companies are presented with a large untapped market, providing them with an opportunity for market and financial growth. Luxury products such as high-end automobiles, designer clothing, and other Veblen goods benefit from such; but it is every day luxuries such as cell phones and brand name food products that reap the most from these markets.

The New Communistic Approach - 993 Words

The new communistic approach 1917-1918, the Russian Revolution emerged centering around two essential events: the February Revolution, in which the Czar was overthrown, and the October Revolution, in which the Bolsheviks took over power resulting in the creation of the world’s first communist country led by Vladimir Lenin. This resulted in the brutal, cruel and bloody Civil War. What was left was an extreme regime that was to rule Russia until the fall of the Soviet Union in 1991, which also meant the end of communism. Despite the creation of an extreme regime, including suppression, forced labor camps, execution of people with different ideologies, bribes etc., the communists had a great goal at first. The Communist Party wanted to achieve social and financial equality in a classless and stateless society in which the fulfillment of human needs including satisfying work and an equal share of benefit derived from labor was essential. Although communism didn’t succeed in Russia, it is, in theory, the solution for a utopian world, existing of equal human rights, freedom, shelter, food etc. But why did communism fail? There are many theories about that, it was, for example, due to the ‘leaders’ abusing their power turning the communistic government into a tyrannical dictatorship. Or, another theory is, that it is due to the people’s greed, always wanting more than others resulting in conflicts between one another, like the Civil War. Our main question is: How can we govern aShow MoreRelatedThe New Communistic Approach531 Words   |  2 PagesThe new communistic approach 1917-1918, the Russian Revolution emerged centering around two essential events: the February Revolution, in which the Czar was overthrown, and the October Revolution, in which the Bolsheviks took over power resulting in the creation of the world’s first communist country led by Vladimir Lenin. This resulted to the brutal, cruel and bloody Civil War. What was left was an extreme regime that was to rule Russia until the fall of the Soviet Union in 1991, which also meantRead MoreCommunist Challenge to Classical Liberalism and Laissez-faire1159 Words   |  5 PagesCommunist party is made up of working class people who are tired of their rights being trampled on and want to do something about it. This shows a connection to the proletariat and the Communist party is more likely to gain support by utilizing this approach. In What is to be Done by Lenin, he talks about social reform in Russian society. â€Å"Social-Democracy must change from a party of the social revolution into a democratic party of social reforms† (Lenin, p. 9). Instead of just merely changing howRead MoreFive Dimensions of Communications1036 Words   |  5 PagesHungary as a country is in a state of change. During the last twenty or so years Hungary has been enjoying post-communistic control. In the early eighties Hungary adapted a democratic ideology. Since the switch to a democratic way of thinking Hungary has seen a slow tedious change in their dimensions of culture. Changes in context, collective/individual, power distance, uncertainty avoidance, and sex-role differentiation have been challenging for Hungarians to make. Understanding the five dimensionsRead MoreThe Economic And Social Influence Of The Soviet Union952 Words   |  4 PagesThe United States of America was recognized as a leader of the free world and the main protagonist of the capitalistic model of country development. The USSR, in its turn, emphasized the role of socialism, controlled market and development of the communistic state as the most benevolent mode of state construction. Pres. Henry Truman clustered different advisers around him, among whom Henry Wallace and James Byrnes were the most influential ones. However, the methodologies of dealing with the SovietRead MoreConflict Between America And Afghanistan961 Words   |  4 PagesIntroduction I know that this conflict between America and Afghanistan has been going on since 2001 after the September 11 attacks on the U.S. Pentagon and the New York Twin Towers. It was shortly after this that then President George W. Bush requested the Taliban to turn in Osama bin Laden for his role in orchestrating the attack. As expected the Taliban would not cooperate and hand him over the United States officials. President George W Bush then called in air strikes around October of 2001. TheRead MoreAnalysis of Langston Hughes Goodbye Christ1447 Words   |  6 PagesJehovah and Christ actually represent all other religions and the persona bids farewell to all these religions and capitalism in order to â€Å"Make way for a new guy with no religion at all, a real guy names Marx, Communist, Lenin, Peasant, Stalin, Worker, ME†. The last 4 lines of the stanza introduce the key figures that influenced the persona’s communistic ideology. Marx, Lenin and Stalin were active communist s and Hughes was particularly interested by the teachings of Marx and the Marxist ideology. FurthermoreRead MoreThe Communist Manifesto And Walden1700 Words   |  7 Pagesthe political, economic and social turmoil that were present in their society. During this time period, agriculture production was the main occupation. This resulted in a class struggle between the landowners and the serfs who labored the land. A new, manufacturing class emerged from this conflict called the bourgeoisie. Bourgeoisie changed the focus from agriculture to industrialization and commerce. Having â€Å"less dexterity and strength [that] is required in manual labor, [helps] modern industryRead MoreZedong Of The Soviet Union1888 Words   |  8 Pagescountry would see the detrimental impacts of Chairman Mao’s goals. The Communistic approach to rebuilding China made several changes in the agricultural sector that lead to severe consequences, before the country eventually recognized its probl em and identified a solution. The most drastic change that Chairman Mao delivered to the Chinese people was aimed at the peasants and the agricultural industry. With his Communistic agenda in mind, Mao encouraged the country’s peasants to overthrow theirRead MoreMao Zedong Of The Soviet Union1907 Words   |  8 Pagescountry would see the detrimental impacts of Chairman Mao’s goals. The Communistic approach to rebuilding China made several changes to the agricultural sector that lead to severe consequences, before the country eventually recognized its problem and identified a solution. The most drastic change that Chairman Mao delivered to the Chinese people was aimed at the peasants and the agricultural industry. With his Communistic agenda in mind, Mao encouraged the country’s peasants to overthrow theirRead MoreSir Thomas More Contributed On The 19th Century And Future Generations1698 Words   |  7 Pagessociety are mentioned and resolved in many ways in Book 2. Book 1 offers a more pragmatic approach than Book 2 which focuses more on ideology. The second book depicts the fictional, idealistic island of Utopia which More places within the new world. Focusing much on idealism, he creates a land of people who live to very high standards of honesty and behaviour and heavily contrasts with his more pragmatic approach in the previous book. The beautiful concept of a perfect island indeed does link to communism