...HR Roles and Responsibilities Human resources (HR) are one of the most important departments of an organization. The human resources department usually deals with hiring, terminations, training, federal regulations, employee benefits, and anything employee related. The main part f their job is focused on the employees. The functions of an HR Professional are to make sure that all employees are treated fairly and equitably and that the needs of the business are balanced against the needs of the employees (Adamson, 2009). The roles and responsibilities of the HR department are crucial to the company’s success. This department must be resilient and adaptable because the business world is constantly changing in regard to globalization, technology, diversity, e-business, and ethics. Globalization Globalization is occurring more frequently these days than in the past and has a major impact on human resources management (HRM). When a business goes global, they need to consider these important factors: employment laws, culture, terminology, and corporate social responsibility ("How globalization effects," 2011). The HR managers are recruiting and selecting from around the world, not just nationally. Other challenges that HR managers must face are managing a diverse workforce, managing pressures for more labor rights in third world countries, managing outsourcing of employees, more part-time temporary work, managing productivity and quality, downsizing the workforce, and coping...
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...and China. It is a popular supercenter that is located worldwide. Wal-Mart is the largest retailer and the largest company in the history of the world due to globalization and this due to the way they conduct business operations. Wal-Mart management has implement ways to overcome the challenges that are presented the ethical and social responsibilities in regards to globalization. This paper will present a breakdown analysis on how Wal-Mart has conquered the challenges of globalization and how they manager to remain the largest profit-making organization both in the USA and globally (Rosenfeld, 2007). In addition the paper will breakdown how the organization deals with ethical perspectives within this global icon known as Wal-Mart. Globalization Wal-Mart management embraced globalization and used it to develop a monopoly of international markets across the world. Wal-Mart has supercenters in the following countries: Mexico, Canada, Brazil, Japan, China and India. According to Glynn Davis (2008), Wal-Mart’s international market gives us a vast idea of the variety of businesses that it now operates around the world. Globalization has made Wal-Mart a multi- billion dollar industry. In Mexico the annual sales for Wal-Mart are $20 billion, in Canada Wal-Mart have established an $11 billion business, in Brazil the sales are $8 billion dollars with the potential to increase to over $20 billion and in Japan the sales average around $4.3 billion...
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...response to trends in globalization, technology, diversity, e-business, and ethics. Use at least five references from the reading assignment, Internet articles, Electronic Reserve Readings articles, or HR journal articles to support your paper Format your report according to APA standards GLOBALIZATION The globalization of Human Resource is characterized and challenged by increasing levels of decentralization. Most international and domestic organizations address this challenge by maintaining one primary Human Resource department with independent regional departments. The primary HR department (particularly in international organizations) faces the challenge of consistency across all locations and offices. The top three challenges include: 1. Variations in social, political, and economic circumstances. 2. Different locations/offices have their own way of doing things and are resistant to change. 3. The perceived value of the HR function varies across locations/offices TECHNOLOGY The increasing complexity of the Human Resource role has prompted managers to find modern solutions to new challenges. Software vendors have stepped up to the plate with software that will streamline information, saving countless hours HR workers previously spent compiling information. New software programs allow employees to have access to personal information in their files so they can assume the responsibility of updating files. This shift in responsibility enables HR staff to...
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...Globalization and our Responsibilities Vanessa Strachan Saint Leo University Globalization and our Responsibilities Globalization Globalization is the integration of the world’s economies; it helps to increase productivity, which can raise the standard of living. It is driven by technology advancements in communications and transportation and motivated by the desire for free markets. “Globalization can be technological (the Internet), economic (trade, pro- duction), cultural (television). Globalization can also foster international solidarity. But the dominant view is that globalization means increased commercial relations between people of different countries” (Unknown, 2009). Globalization is the opportunity for developing countries to tap into the world’s economy, which will allow the opportunity to sell many goods to as many people around the world. Globalization includes markets and production. “Globalization of markets refers to the merging of historically distinct and separate national markets into one huge global marketplace and the globalization of production refers to sourcing goods and services from locations around the globe to take advantage of national differences in the cost and quality of factors of production (such as labor, energy, land and capital)” (Hill, 2011). Globalization is an opportunity for big corporations as well as for small businesses; it is the movement of jobs, goods, finances, and investments. With the advancement of technology...
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...SYLLABUS MGT/448 Global Business Strategies Copyright ©2015 by University of Phoenix. All rights reserved. Course Description The manager's perspective in the fields of international payments, international trade, and investment are analyzed. Emphasis is given to the materials and concepts that illuminate the strategies, structure, practices, and effects of multinational enterprises. Course Dates Jun 30, 2015 - Aug 03, 2015 Faculty Information Name : Email Address : Phone Number : HERB SPALLA (PRIMARY) See Policies Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents (both located on your student website): • Academic Policies University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. Academic Resources • Web Links Instructions Review the Web Links. SupportingMaterial Web Links • Interactive World Map Link Instructions Review the Interactive World Map Link. SupportingMaterial Interactive World Map Link • Text Citation Information for Electronic Readings Instructions Review the Text Citation Information for Electronic Readings. SupportingMaterial Text Citation Information for Electronic Readings ...
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...CHALLENGES IN THE BUSINESS ENVIRONMENT As a multinational organization that designs and sells computer software, cell phones, personal computers and consumer electronic products, Apple faces challenges in the global business environment that affects our operations and corporate social responsibility. As a result, Apple has reviewed and made changes to its Code of Conduct in the past year. Due to globalization which is the result of the notable increase of cross-border trade, investments, cultural exchange, population growth and emergent economies(New World Encyclopedias, 2008). Globalization has had a tremendous effect on Apple. We face challenges in balancing social responsibility with corporate performance. Our organizational leaders created a visional company that offers work to people in other countries, which has enable us to acquire a large amount of cheap and disciplined labor. Apple and its shareholders have earned a significant amount of money from globalization. Much of our operations are conducted overseas and outsourcing has allowed Apple to minimize the labor costs of manufacturing. Suppliers that have been able to take advantage of its access to the Chinese supply chain within a highly developed industrial cluster in assembling Apple’s products have been very important on production cost reduction. Globalization causes our organization to constantly update and monitor the company’s business plan and Code of Conduct. As a global company, Apple employs...
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...Working at a Multinational Corporation and the Impact of Globalization on Small Businesses Ruben Vallejo Working for a multinational corporation is a great way to understand the globalization of business, providing first hand experience and knowledge of the problems and solutions, to said problems that business owners encounter on a daily basis. Perhaps the biggest contributor to this disruption is the globalization of business, which almost always means that business owners today must adapt and if necessary make changes to the way they conduct business in order to effectively grow their bottom line. A multinational corporation or MNC, is defined as a company that has facilities and/or assets in at least one other country than its home...
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...ACCT 5100 Professional Development Challenges Faced by Accounting Profession ACCT 5100 Professional Development Challenges Faced by Accounting Profession Introduction Accounting has evolved, like many other professions, over time and is playing an increasingly significant role in today’s business environment. The key accounting practices are still identify, measure and communicate the economic condition of an entity with both inside and outside stakeholders. Accounting professionals have widened their attention beyond technical skills to incorporate social implications over the past several decades. Over the past few years, the whole world witnessed the impact of modern advances in information technology, globalization, and many other factors, all of which increased the public awareness of changes in global business environment and also brought many challenges to this profession. In response to these difficulties, modern accountants must develop a broader range of knowledge and skills to better perform their financial responsibilities. This paper examines several key challenges concerning the profession: 1) independence, 2) globalization and IFRS, 3) knowledge and skills gap. Challenges faced by accounting profession Independence and objectivity Independence is not a new issue faced by accountants; however, it has been and always will be one of the biggest challenges faced by this profession. Accounting to the research...
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... Boeing like many successful companies today does not stand still or rest on their laurels of previous accomplishments. If they do they can become vulnerable to competition, technology, changes in customer preferences, and the business environment. Instead, they use their current successes to continue to build a competitive advantage for the future, constantly seeking new ways to remain flexible, innovative, efficient, and responsive to their customers. One of the most important ways of accomplishing this is to make sure that their organization structures and systems remain adaptable. A business must always be prepared to meet the complex and ever-changing challenges that managers and their organizations constantly confront. Boeing like many other companies has to use innovations in design and manufacturing as well as a focus on quality and other vital factors in the development of airplanes. Not long ago Boeing was in turmoil in the aftermath of the 9/11 terrorists attacks. (Bateman & Snell 2009) Boeing suffered turnover in their executive ranks that caused uncertainty coupled with their chief rival European-based Airbus surpassing them in annual sales, Boeing decided it was time to make some changes. The Boeing Company business has many members including employees, managers, chief executive officer James McNerney, and the board of directors. Boeing periodically reviews the Company's corporate governance principles and current practices. According to (Boeing...
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...cutting back additional funds to their business run in a profitability environment. Many businesses tend to think that the soul of the business is the sales and profit margins and definitely leaving issues such as human resources, IT departments and marketing in the space. The true is that are many barriers and lack of interaction between the human resources department to accomplished long terms goals in the organization. Are they really understand what Human Resources is all about, probably yes the responsibilities and roles, but many they ignore that the most important department in the entire organization. Why because they Human resources are responsible to bring: * Hiring * Hiring Background * Payrolls * Medical insurances policies * Training and recruiting * Delivery the goals and mission statements of the organization * Recognized Excellent performance to employees All this in the loop of others sound very simple, however involves a lot of training, excellent performance and knowledge of the company vision. Sometimes human resources managers are concentrating in reducing budgets for the organization to increase profitability. A recently forecast in the business magazines shows that shareholders underscore the opportunity of hire a talent employees in the organization and this not the way how a good business should perform. Managers should praise...
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...MGT/421 Individual Environmental Factors Wal-Mart Shirley A Everett April 24, 2012 Robert Stack- Facilitator Effects of Global Economic Interdependence Globalization in the economic context is related to the increase of individual businesses that operate in a range of countries. Therefore, Globalization stimulates economic growth, creates jobs and raises income levels. Globalization is marked by free trade, free flow of capital and cheaper foreign labor markets. Globalization has several facets, globalization of markets, merging historically distinct and separate national markets into one huge marketplace, and globalization of production, sourcing of goods and services from locations around the globe. There are still many challenges in the global market, for example; distance, time zones, language barriers, cultural differences, currency issues, as well as national government regulation issues, and business system improvements. Still, the world is looking smaller through globalization. In the case of the Wal-Mart as a Multi-National Corporation (MNC), the factors that affect its global and domestic marketing decisions are based on their striving to continue to dominate the retail market of the United States, and continue to build their presence around the world. The strategic planning of Wal-Mart approaches global expansion with a regionalized marketing campaign. Wal-Mart’s global focus is on finding low cost products from around the world, importing those products...
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...about by the emerging technologies. Business environment has totally changed due to globalization. Firms are operating in a highly unpredictable environment. It is difficult to determine what the future market would bring. Firms are left guessing what the emerging technologies would bring in the future market. This has forced firms trying to develop mechanisms through which the market forces can be managed in a way that would ensure a successful operation. The oil industry is one of the leading industries in the world. Business has been very good globally. This product is consumed in all parts of the world. The product has experienced a consistent increase in the international prices for the last twenty years. All industries in any given country depend on oil for the operations. The price of oil would have an impact on all other sector of the economy. This has seen this product considered very precious. The countries that produce oil have formed an organization that would help protect this industry in the world. OPEC (Organization of Petroleum Exporting Countries) was formed as a way of ensuring that oil-producing country got maximum benefit from this product. This has made business environment for this product very favorable. This organization protects the rights of all member states in the international market. This has helped stabilize the international oil prices to the favor of the companies in this industry. However, some challenges have been experienced in the recent...
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...Impact of Globalization on Human Resource Management Bhushan Kapoor, Professor and Chair, Information Systems & Decision Sciences, Cal State University, Fullerton, USA ABSTRACT The roles and responsibilities of Human Resources departments are transforming as the modern business faces pressures of globalization. The global supply of talent is short of its long-term demand, and the gap is a challenge for employers everywhere. The shortage between the demand and supply of talent is likely to continue to increase, notably for high skilled workers and for the next generation of business executives. Now organizations need to place greater emphasis on attracting human capital rather than financial capital. Global staffing and management of a workforce diverse in culture and language skills, and dispersed in different nations are the key goals of global human resources. Only those multinational enterprises willing to adapt their human resource practices to the changing global labor market conditions will be able to attract and retain high performing employees. Companies with the ability to foresee their business needs and their workforce needs – especially for high skills – will gain the decisive competitive advantage. Keywords: Human Resource Management, Globalization, Data Analytics, Data Warehouse, Online Analytical Processing, Data Mining, Key Performance Indicators, Dashboards, Scorecards. INTRODUCTION Human Resources departments are transforming as the modern...
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...Institute Business and Society Program with the generous support of THE FUTURE OF FASHION: SUSTAINABILITY THROUGH THE LENS OF THE FASHION INDUSTRY* By: Jennifer Johnson & Gina Wu Companies across all industries are facing the challenges of business sustainability, debating how best to address these risky issues while also embracing their opportunities for competitive advantage. This Teaching Module uses the context of the fashion industry to discuss topics that are shaping the future of all industries. These topics include sustainable resource management, the challenges and opportunities of global growth, workforce management, and the role of ethical consumption in business. The fashion industry offers a compelling case study for exploring business sustainability issues. In the fashion industry, as in many industries, success requires highly developed sourcing, design, manufacturing, and marketing chains. Increasingly, success also means incorporating sustainability in resource and labor management, as firms realize that long-term corporate survival will depend on new ways of doing business. Climate change, resource challenges, new technologies and dramatic shifts in the global economy are already impacting the industry. The nexus of these concerns allows students to explore sustainability challenges while providing a framework for discussing new business models and management techniques for the future. Given its enormous reach and connection to important business topics...
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...for organizational success. While there are many emerging HRM issues, there is one particular area that I found to be most concerning. Thomas Singleton, the Human Resources Director at Lifespan Corporate Services assisted me by proclaiming that, “…as globalization and the information age continue to advance, organizations need to adapt to the changes in technology and the changing issues in management of people.” Furthermore, he stated that managing globalization is a critical issue for human resource managers. Due to globalization and expected changes in technological and the social environment it has become critical for human resource managers to effectively and efficiently handle the competitive environment that affects the performance of organization at domestic as well as global platforms. “Globalization represents the structural making of the world characterized by the free flow of technology and human resources across national boundaries as well as the spread of Information Technology and mass media presenting an ever-changing and competitive business environment” (Česynienė, 2008). Furthermore, the challenge of human resource managers managing globalization has a slippery slope effect to the challenge in managing a demographic workforce. Managing a demographic workforce is an emerging issue for any organization and its HR department. At domestic and global levels, there are many policies and regulations that affect the recruitment policy of an organization...
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