...The transition from a Socialist approach to a free market approach and the rise of a new high-tech sector are two remarkable shifts that have occurred in the last two decades in Israel. In the face of these changes, human resource (HR) practitioners are currently expected to assume new roles, adopt different work values, and apply appropriate strategies. HR managers in the low-tech industry still adhere to traditional values and strategies, including a reliance on trade unions and an emphasis on job security and the employees’ years of work experience and seniority as key criteria for promotion. In the emerging high-tech sector, HR managers have adopted new values and developed new strategies, including human resource management programs, employee empowerment, higher salaries and better benefits, while placing an emphasis on employees’ talents and qualifications. Source: http://www.emeraldinsight.com/journals.htm/journals.htm?issn=01437720&volume=22&issue=3&articleid=848302&show=html&PHPSESSID=qj5kp1babsuadbfaj 47luam41 Recent changes in Israeli society and economy and their relation to Organizational Politics Over the past three decades, Israel has undergone significant economic, industrial and cultural transformations. These developments have shifted public values considerably and may indirectly affect OP and HR practices. For example, Sagie and Weisberg (2001) maintain that in recent years, Israeli society has gone from being ascetic...
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...CHINA BOOST FOR SENAI HI-TECH PARK Senai Hi-Tech Park, Malaysia's second high technology industrial park, got off to a promising start with investments of more than US$500 million (RM1.7 billion) from two companies in Johor. China-based EQ Solar Technology International Sdn Bhd plans to invest US$500 million to produce solar modules while leading industrial gases provider MOX-Linde Gases Sdn Bhd, through its initial outlay of RM60 million, plans to set up an industrial gases separation plant. Senai High Tech Park chief executive officer (CEO) Datuk Ahmad Shukri Tajudin said this shows that the park is ready to compete as another preferred location for hightechnology manufacturing, research and innovation activities. Located within Iskandar Malaysia, the park has drawn interest from investors in the US, Europe and China. "Interest is in various sectors including semiconductor industry and solar," he said at a media briefing. International Trade and Industry Minister Datuk Seri Mustapa Mohamed, witnessed the signing of the memorandum of understanding in Kuala Lumpur yesterday. "We're expecting a few more similar investments," Mustapa said, without disclosing details. Malaysia has so far attracted several global solar industry players like First Solar, Sunpower and Q-Cells. There are also several domestic investments in solar power projects in Selangor and Sabah. Mustapa hopes that the park will create more jobs, similar to what was achieved at the Kulim Hi-Tech Park in the north. The...
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...over the years. Guillermo Furniture Store Recommendation Analysis and Recommend Financial Decision The economy is weak, new competitors’ establishing a presents, Guillermo must tackle a tough decision, which is to become a furniture distributor or stay on the manufacturing side, or possibility do both. Guillermo understands that change is forth coming and he has to venture forward but the dilemma is what the best alternative is. First Guillermo must analysis the financial alternatives and establish which objective is beneficial for the company. The next step is to gather information and formulate a pro forma cash flow budget to analyze the projected earnings for the next five years for the company (University of Phoenix, 2007). Hi-Tech Option Guillermo established his wealth various years ago because of the low cost in labor along with an extraordinary location for manufacturing. The company’s success has held strong on those foundations until now. There are a few concerns for Guillermo that may cause the company to change the way it does...
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...strategy-oriented HR system case study 1. * Strategically required organizational outcomes: * Good products and good services. Products and services is always the most important thing for a manufacturing company. Siemens has become a world leader by diversifying into hi-tech products and services, it need to maintain this advantage and develop it even further to achieve more. * Going global and expand. Globalization gives big companies a chance to expand rapidly. Siemens has succeeded in going global but this is a long way, it still needs more expansion into more countries or areas that are not covered yet. * Positive brand image. A good company image is extraordinarily important to the company’s healthy development. Siemens needs to keep customers satisfied both with its products and services, which helps it to get more market share and expand even faster. * A good employee selection, training and compensation system. The company not just need to keep customers satisfied, it has to keep employees happy too. So that it can work more efficiently and effectively. * Required workforce competencies and behaviors: * Learning on a continuing basis. Siemens is in high-tech business so the nature decided that its employees need to learn new things every day. * Good teamwork. The ability to work with people is essential in such big corporation. Especially when it’s going global. * Mutual respect and appreciation of workforce diversity. Siemens...
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...from their birth The general characteristics of Born Global firms differentiate themselves from other multinationals in their growth stages. Born Global firms typically operate in a narrowly defined market niche, which makes it harder to grow in a small home market. A high degree of specialization requires internationalization if the firm wants to achieve substantial growth. Born Global firms often possess unique resources and capabilities such as entrepreneurial orientation of the founders, innovation behind products and technology, accumulated knowledge of the founders and managers from previous work experience, and networking capabilities. Managers with a previous background of international strong activity will give to the company a more sure address to its business expansion, for this reason a high level of entrepreneurial orientation supports the firm´s ability to recognize and create opportunities at an early stage. It can be argued that Born Global firms are typically found in niche business areas where products are unique, and require high amount of research and development like the high tech business area. It is very important to invest in products with a short life cycle and high technology sectors are characterized by this necessity of a continued innovation which can protect those firms and products from any imitation. As for geographic locations of these Born Global firms, their headquarters can be found in various countries, such as the United...
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...I. Time context: 1997 II. Viewpoint: Hilary De Leon – Founder and CEO III. Major Policy statement Micrologic is one of the most technologically competent firms in the country and a research development firm known for designing high-technology product. IV. Current Business Policies a. Management Policies i) Micrologic management people are well educated in Management of Technology. ii) Hilary de Leon established the new firm and it is called Micrologic. iii) As a CEO, Hilary is active in discussing and resolving issues related to technology. b. Marketing policies i.) Micrologic consider trading of technology in choosing foreign partner. ii.) Micrologic participates in industry trade fairs. c. Operation Policies i.) Using of logic analyzers,oscilloscopes and PC computers for operation. ii.) Micrologic is an R&D for creative designs and development. iii.) More on product development than manufacture. d. Finance Policy i.) No such finance policy in the case. e. Human Resource i.) R&D has 3 engineers ii.) Micrologic has 13 employees. iii.) Hilary De Leon hires people from only top 4 engineering schools. V. Social Responsibility Application i.) Encourage people to improve their lives. ii.) Give employment iii.) Payment of taxes to the government VI. Statement of the Problem How can Micrologic excel in Technological industry? VII. Statement of Objectives a. Long...
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...technology called Air Multiplier, this bladeless table fan generates smooth and uninterrupted airflow. It has many benefits that attract customers’ attention. For instance, since the structure of Dyson table fan is simply consisted of a circle which is used to generate airflow and an elliptical base which has switches. Therefore, it is very easy to clean because people do not need to take it apart as traditional ones before clean it. Also, because there are no blades, people will not hurt themselves when their hands are in the fan by accident. This is essentially important as many children hurt themselves by being cut by fan blades. Furthermore, the shape and looking of Dyson table fan are also reasons why people like it. It looks modern and high tech, and most importantly, it breaks the traditional idea of fans in people’s mind. The positioning of Dyson table fan is clear and specific. Firstly, they target on people who like modern style and working in office. The fan is small but efficient and also easy to clean for busy people. Then, housewives and families with children are their second target. Dyson focuses on safety and easy to clean while they are promoting their product to this group of people. The perceptions of consumers Dyson’s product are mainly vision and touch. As I mentioned above, on one hand, some people like it because of its modern looking color and appearance. On the other hand, some consumers like the airflow that it makes and feel comfortable. The motivation...
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...advantages in labor quality, labor supply and time zone would give them a leg up on their competition, even though both India and China have lower labor cost. By exploiting these advantages, they were able to grow at a rapid pace. By 2009, Globant had over 1500 employees and was generating three million dollars per month in revenue. Despite their success, Globant found themselves at a crossroads. For four years the founders pursued clients that needed IT expertise in anything under the broad spectrum of IT services. However, the management team recognized that Globant needed to target specific industries to remain competitive in the market. The team therefore, narrowed their scope to four very distinct market segments for further analysis: high-tech, telecom, travel and financial services industries. Globant recognized that their diversified client portfolio was spreading resources too thin, and top clients began choosing IT service partners that focused on a specific industry where they could demonstrate a deep and wide understanding of a particular sector of the market. In order to avoid becoming a marginalized player in the...
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...surveillance unit of Israel Defense Force (IDF). Since I've advanced to management positions in a very early stage of my professional career (at the age of 19 I've already finished the IDF Technical Officers course and was positioned as a Team Leader commanding 8-10 network professionals and computer technicians), it was a natural step to continue my career on management positions in the industry after my release from the active duty at 1997. I started my civilian career as an Information Systems Manager at Mobile Solutions Ltd., a dynamic Ireland-based start-up company developing various hardware devices for mobile satellite antenna’s technology. During my military service I've come to realization that in order to be a successful manager in high-tech industry it isn't enough to have excellent technical expertise: in fact, I would say that technical capabilities aren't the most important ability of a technical manager. For instance, my team and another team in our military unit were competing about certain extremely interesting and well-funded technological project. The teams offered different technical...
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...The paper is mainly about the management of the high-tech companies in a successful way. The article is written as the result of a research that exceeds two decades which consists of surveys and interviews with several CEOs and executives from different high-tech industries and different-sized firms. In the article the authors define six key headings for a successful management of high-tech companies. After explaining all, they also put these topics in two groups which are paradoxical. The themes mentioned in the article which are “business focus”, “organizational cohesion” and “sense of integrity” represent the static and stable side of the paradox. On the other hand “adaptability”, “entrepreneurial culture” and “hands-on top management” are dynamic and changing side of the paradox. Six themes of the successful high-tech management that are mentioned in the article: Business Focus: To succeed as a technology firm, companies should focus their attention on production lines, R&D stage and business priorities. Instead of making effort for irrelevant and wide product portfolio, they should concentrate on well-known and well-done products, areas or trying to create new product lines or business opportunities which are related to these. For the technological leadership of the companies, R&D expenses also should be enduring in a few areas instead of being in many areas and discontinuous. Adaptability: A high technology company should be able to adapt and lead the rapid changes...
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...QUESTIONS 1. What does this case imply about the supply of and demand for employers and the implications for businesses? The case implies that there is a high demand for employees especially in the high tech industry but the supply is low and has not been met by the volume of the demand making the implications critical for businesses. These organizations are having to step out of the box and go the extra length to ensure they are able to acquire the savvy tech from an early stage. Using tools outside of the normal resume check alongside the educational background, these Companies are able to now “catch them young” by scouting for qualified candidates with needed skills, and recruiting them from colleges instead of waiting till they have completely finished their degree. For instance IBM has made use of its famous Watson computer in certain top schools giving students a chance to challenge the computer. The outcome of these approach will help IBM to narrow down which students to consider and they will work towards luring such students to consider a career at IBM (Robins 2013). As the competition is quite high in this industry, business always have to be creative in their search for talents, be on their toes and pull out all stops in trying to convince potential candidates to choose them instead of their competitors. While some are still struggling to come up with various approach to help them acquire more qualified candidate, the race is still on for the rest in trying to get...
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...objectives related to marketing department that include: increase the level of sales, enhance the image of the brand, improve the understanding of the customers behavior. Key Functions 1. Analyze the key trends of the industry in which the company is operating in order to perfectly comprehend the behavior of the clients/customers as well as the future performance 2. Coordinate and deal with several areas included in the marketing department such as product development, sales management, corporate communication 3. Create strong relationship and interact with different areas of the company to ensure that the marketing strategic plan will be reached 4. Improve the customer retention Required skills 1. Experience with high tech marketing software 2. Persuasive and self-confident in order to maintain the loyalty of the existing clients/customers 3. Experience in leading teams with strict deadlines 4. Advanced graduate studies specialized in marketing 5. Results oriented and analytical skills 6. Flexible and be able to change the direction from creative to analytical tasks 7. Track record of implementing and growing new business CMO of a startup company The Chief Marketing Officer (C.M.O) of a company should be a person who plays a leadership role within the firm with a number of required functions in order to accomplish the objectives related to marketing department that include: increase the level of sales, enhance the image of the...
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...business market that serves numerous and different customers within the technology industry. Sensors are utilized across fifteen industries and with different end users using them in their own way. This has most analysts agreeing that with decreasing technology costs, more customers will be able to afford and utilize sensors in the manufacturing of their own product. This gives the sensor market the potential to grow exponentially in the future. Intechno Consulting has analyzed and broken down the sensor industry into fifteen different sectors ranging from the machine tools, robotics, and medical. These sectors are also categorized into seventy two subsectors but our market analysis focuses on two potential customer groups: * Low Tech * High Tech With constant growth in both customer groups we see the industry not only becoming larger in the future, but also becoming more diverse as technology expands and innovates. Currently, the industry is divided into six competing companies with one company, Ferris, holding a quarter of the market. Our current market share is 16.9% and is, obviously, unacceptable. We plan on revitalizing our market efforts and production strategies so that we may capitalize on this growing and diversifying industry. By investing more into our sales and promotional budgets we can raise awareness for our products and increase the accessibility to our customers. Robot-1 has also made strides in revamping our productions lines to increase capacity for...
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...Startup Company Name Institution Date Describe the new start-up company that you have created. Include in your description the nature of your company, its mission and vision, your company’s product, an analysis of your staff, and your target clientele. DynaTech is a company that has emerged in the industry of drone navigation and since it was established, it has been capable of developing a standard operating process, which has been essentially responsible for the acquisition, transfer, and identification of knowledge between the various company network’s sections. Due to the skill shown by its management in handling diverse concerns, the company has been proficient in developing a clientele which in diverse establishments in such a short period, where other institutions take years to attain the same. The vision of DynaTech is to create an improved form ofexpertise for all its customers in the most and best secure way possible andso as to accomplish it. It has worked headed for the provision of a variety of serviceable and well-designed navigation systems. Additionally, it has guaranteed that the production cost is low to ascertain that the selling price of its commodities is low such that as most people as likely can be capable to buy them. The policy for human resource include provision of opportunities for down-to-earth people to grow in both professionally and individually so as to produce a better life each and every day not only for the workers but also its...
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...overseas competitor. Guillermo needs to figure out a way to understand and make changes if necessary to his store, in order to stand up to the competitor. To make the right decisions, it is important to understand the principles of finance and the different concepts of finance. Concepts of Finance The Behavioral Principle: When All Else Fails, Look at What Others Are Doing for Guidance Guillermo is losing business to his competitors who use high technology equipment, make furniture to the exact specifications and with really low prices. The store owner wants to understand how the competitor operates, and why are they more successful. Guillermo spends some time into researching the high tech solution that the foreign competitor provides. He will try to figure out the cost of the technology, the low labor costs and whether he can cut his costs by converting into the high tech model. Basically he wants to research if he can imitate his competitor to better his business. Guillermo finds out that converting his model into the high tech model would be expensive but he can cut down his productions costs. This form of behavior, where the “choices made by other firms in the same industry can provide useful guidance, is called the Behavioral Principle of Finance: When all else fails, look at what others are doing for guidance”. (Corporate Financial...
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