Topic Evaluation Worksheet 9
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Topic Evaluation 9. Presentation: HR strategies in multinational firms
Question 1
: What are the tensions between global integration and local adaptation in
multinational HRM? What are the two HRM models in multinational HRM? What aspects
did the group explain most clearly and correctly? What important elements, if any, did the
group not explain clearly or correctly?
a)
List arguments for global integration and local adaptation in multinational HRM (10%)
Arguments regarding global integration in multinational HRM can relate to: quality
assurance and global branding, consistency and effectiveness, leveraging capabilities and
deploying the best practices and economies of scale. Whereas arguments regarding local
adaptation include: different needs referring to cultural and institutional environments and
market and industry characteristics. b)
Some general observations in local adaptation in multinational HRM (20%)
Generally, it is known local HR departments are extremely important for local adaptation
due to the knowledge of the area that it brought to the table. This knowledge varies
between local labour markets, employment laws and the cultural norms that will enable a
company to run their business. This places importance on development-orientated models
of HRM to ensure that the local adaption process is done smoothly, and the cultural aspects
are considered respectfully. c)
Explain the two HRM models in multinational HRM (20%)
Initially the bonus-drive model of HRM discusses a corporate executive focus toward
setting and monitoring financial targets e.g. (KPI’s within retail from personal experience).
This bonus is orientated around incentives and seeking higher rates of return that lead to
break-up of long-established corporations. Alternatively, the development-orientated model
explains that managers must use further communication sources to ensure the organisation
has a larger level of synergy regarding policies and processes to results in efficiency and
effectiveness.
d)
Aspects that were well explained by the presentation group (10%): -
Bonus-driven model was explained well in great depth with analysis provided
displaying all aspects of the model. This was further accounted for with engaging
content -
Global integration was explained to great extent although not very engaging it
conveyed the information regarding the different aspects of HR strategies in
multinational firms e)
Aspects that could be explained better by the presentation group (10%): -
The development-orientated model could have been explained with more detail, as
the bonus-driven model was. The seminar as a whole was not very engaging
however, this can be expected with less people within the class and it being the final
week Question 2:
Reflecting on case Case study 11.1: Life after Arnold and based on your understanding of lecture content and textbook, what are the HRM practices that support the HRM model
when Arnold was in charge? What are the HRM practices that support the HRM
model
the new CFO is proposing? (30%)
Arnold’s ways of managing has led to a gradual decline due to the bonus driven structure he has adopted, which works well in a short term aspect however, in this scenario displays a lack
of synergy between management. The HRM practices that support the HRM model the CFO is proposing includes change management style based approach towards, global integration and the development driven model. Ensuring an increase in revenue and overall change to the
firm.
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A.
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B.
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C.
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gross domestic product (GDP) is the total monetary or market value of all the finished goods and services produced within a country’s borders in a specific time period. As a broad measure of overall domestic production, it functions as a comprehensive scorecard of a given country’s economic health.
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8:49
il LTE
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...
Combination 2
Combination 3
Country B
Efficient
Attainable Unattainable
Inefficient
Combination 1
K
M
N
Combination 2
R
Combination 3
T
U
(22 Marks)
b) Which country has an absolute advantage in production of wine? Justify your
answer with empirical evidence.
(2 Marks)
c) Which country has an absolute advantage in the production of clothes? Justify
your answer with empirical evidence.
(2 Marks)
d) Which country has a comparative advantage in the production of wine? Justify
your answer with empirical evidence.
(4 Marks)
e) Which country has a comparative advantage in the production of clothes?
Justify your answer with empirical evidence.
(4 Marks)
f) If both countries specialize in the production of the item they are good at,
draw the PPF for the condition where trade can take place.
(6 Marks)
(TOTAL: 40 MARKS)
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Question in the attached image
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Group of answer choices
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18
16
14
12
10
8
6
4
2
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0
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I
Supply
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I T Demand
I I
II I
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LABOR (Thousands of workers)
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and the equilibrium quantity of labor is
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