Human Resource Development Of Mattel

925 Words4 Pages
Company overview Mattel, Inc. is the world's largest toy company based on revenue. The company produces Barbie dolls, Hot Wheels and Matchbox cars, Masters of the Universe, American Girl dolls, and board games. The company's name is derived from Harold "Matt" Matson and Elliot Handler, who founded the company in 1945. Handler's wife, Ruth Handler, later became president, and is credited with establishing the Barbie product line for the company in 1959. Mattel closed its last American factory, originally part of the Fisher-Price division, in 2002, outsourcing production to China, the beginning of a chain of events that led to a scandal involving lead contamination. On Friday, September 3, 2010 a mini "Flash Crash" appears to have occurred in Mattel shares which plunged 22% in pre-market trade for no apparent reason, only to recover shortly thereafter. Current Implementation of HRD Mattel begins its Human Resource Development process even before they hire an employee. Mattel is a full value chain company which has many different aspects that it must focus on to include: design, supply chain, retail, marketing, IT, process optimization, leadership and digital development, while implementing the proper HR development. CEO Margo Georgiadis looks for employees who want to be at a place that allows them to develop the mastery of what they are already good at and build additional strength in what they do well as a team player (Mattel Group, 2017). This is also backed up by
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