...Handling HR issues in Greece Vicki Sweet Saint Leo University Human Resource in Management MBA 533 Dr. Sherbert July 14, 2013 Handling HR issues in Greece In the ever-changing business climate, utilization of global human resources continues. Whether a multinational corporation or a global corporation, cultural complexities play a dominant part in the handling of HR issues. Cultural differences are a factor in the determination of an organization’s fit within the foreign culture and as such, must be closely examined to succeed in the international business market. According to Myloni et al. (2003), “HRM practices are grounded in cultural beliefs that reflect the basic assumptions and values of the national culture in which organizations are embedded.” (Myloni, Harzing, & Mirza, 2003, p. 7) Professor Geert Hofstede‘s 1984 cultural dimensions research established four dimensions of national culture: power distance, individualism versus collectivism, avoidance of uncertainty, and masculinity. The fifth dimension of long-term versus short-term orientation was later added. (The Hofstede Centre, n.d.) These dimensions represent cultural differences between countries and exhibit how culture influences work behavior and the effectiveness of HRM policies and procedures. Utilizing Hofstede’s cultural dimensions information, this paper will examine how HR issues might be handled in Greece. The first cultural dimension, power distance, refers to the emphasis placed upon...
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...ASSESSMENT 1: Internationalization of Business Tutor: Dr Gabor Horvath Date of submission: 16 December 2011 University of Glamorgan Year: 2011/2012 Introduction: This report deals with the internationalization of Elecdyne, a Japanese company, based in Tokyo. Elecdyne has manufactured a broad range of electronic products since 1990. Currently, it employs 100 staff, which produces products such as mp3 players, televisions and hifi equipment. In the moment, Elecdyne supplies products only to the Japanese market; nonetheless it has failed to grow its business in the last two years. With high wages compared to other countries, lack of R&D staff and the licenses that must be paid, Elecdyne is finding it increasingly difficult to compete. Therefore, Elecdyne wishes to internationalize in another country. This report analyses three different countries (France, China, Japan) by using appropriate frameworks and data collected from different resources. I. The global environment: First, a company must understand the global environment on the industry. I decided to choose STEEP framework because it is simple, general and it permits to analyse the broad factors that have an impact on the industry (Rugman & Collinson, 2009). (Task Group Z) STEEP ANALYSIS: Social | Social networking | | Internet is a new way of communication. Companies can share and collect information about customers and competitors.Social networks like Facebook and...
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...CHICKEN BELLAGIO(Cheesecake Factory copycat recipe) FOR THE GARLIC BASIL PESTO: 1/2 cup fresh basil leaves, packed 2 Tbsp. freshly grated Parmesan-Reggiano or Romano cheese 2 Tbsp. extra virgin olive oil 1 Tbsp. pine nuts or walnuts (optional) 1 or 2 garlic cloves, minced or microplaned or grated 1/2 tsp. salt 1/4 tsp. black pepper FOR THE PROTEIN: 2 boneless skinless chicken breasts 4 slices Prosciutto, room temperature FOR THE BREADING: 1 large egg, beaten 1/4 cup flour 3/4 cup bread crumbs 1 tsp. salt 1/2 tsp. ground black pepper 1 tsp. dried parsley 1 tsp. oregano FOR FRYING: 4 Tbsp. olive oil or enough to coat bottom of pan with 1/4 in. of oil FOR THE PASTA: 6 oz. angel hair pasta 2 Tbsp. garlic pesto sauce FOR THE PARMESAN CREAM SAUCE: 1 cup heavy (whipping) cream 3 Tbsp. garlic pesto sauce 1/3 cup Parmsan-Reggiano 1/2 tsp. salt 1/4 tsp. white pepper FOR THE SALAD/GARNISH: 1 cup washed arugula half a cup of shredded or grated fresh parmigiana regianno To prepare the garlic basil pesto, add all of the ingredients for the pesto to a food processor and pulse until well blended; set aside. Pound out the chicken breasts one at a time in between two pieces of plastic wrap or in a ziploc bag until flattened out evenly. In a bowl, mix salt, pepper, oregano, and parsley into the bread crumbs to season. Coat the breasts in flour, and then dip in the beaten egg, and then into the seasoned bread crumbs. Coat completely...
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...Continent name | Density (inhabitants/km2) | Population (2011) | Most populous country | Most populous city | Asia | 86.7 | 4,140,336,501 | People's Republic of China (1,341,403,687) | Tokyo (35,676,000) | Africa | 32.7 | 994,527,534 | Nigeria (152,217,341) | Cairo (19,439,541) | Europe | 70 | 738,523,843 | Russia (142,905,200; approx. 110 million in Europe) | Moscow (14,837,510) | North America | 22.9 | 528,720,588 | United States (313,485,438) | Mexico City/Metro Area (8,851,080 / 21,163,226) | South America | 21.4 | 385,742,554 | Brazil (190,732,694) | São Paulo(19,672,582) | Australia/Oceania | 4.25 | 36,102,071 | Australia (22,612,355) | Sydney (4,575,532) | Antarctica | 0.0003 (varies) | 4,490 (non-permanent, varies)[15] | N/A[note 1] | McMurdo Station(955)[16] | The 10 countries with the largest total population: | Rank | Country / Territory | Population | Date | % of world population | Source | 1 | China | 1,354,100,000 | November 6, 2012 | 19.2% | Chinese Official Population Clock (in Chinese) | 2 | India | 1,210,193,422 | March 2011 | 17% | Census of India, 2011. Retrieved 2012-05-22. | 3 | United States | 314,718,000 | November 6, 2012 | 4.46% | United States Official Population Clock 2012 | 4 | Indonesia | 238,400,000 | May 2010 | 3.32% | SuluhNusantara Indonesia Census report | 5 | Brazil | 197,239,000 | November 6, 2012 | 2.8% | Brazilian Official Population Clock | 6 | Pakistan | 181,146,000 | November...
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...1) What are the similarities and the differences between GE’s traditional innovation and reverse innovation? GE’s, as most of MNE’s, used to innovate in rich countries and after sold those in emerging country; this the traditional way of innovation. However, they began a new strategy called reverse innovation. It is just the opposite. It is about innovating in the emerging country and then bringing those to the rest of the world, richer. The base is still the same as a traditional innovation, they create something new to be the first and win the market, which may doesn’t exist yet. But the reverse innovations are first adapted to the needs of the emerging country like China and India. The greatest difference is to be low price. When the product is well launched they bring it to the rich country and create a new market with low-cost innovative goods, which doesn’t exist in the western country. Thanks to the rapid development of populous countries like China and India and the slowing growth of wealthy nations, reverse innovation has become a strategic priority. 2) Why is GE’s interested in reverse innovation? Because of their financial situation and their brutal recession, GE’s needed to find a new strategy to develop their products. Indeed the market of the rich country is saturated by competitors so it is more and more complicated to enter the market. At contrary the possibilities in the emerging country doesn’t stop to growth. That is why GE’s decided to invest in the reverse...
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...Education at the Universities of Greece Greece is for students Get the higher education in the country of Aristotle and Archimedes. Bachelor and Master Degrees. Dear colleagues, please, familiarize with the benefits and features of this program. The fee of agencies is 10%. What is Greece attractive to students for? Greece is the touristic country, which is popular among the vacationers from all over the world. The tourism here is developed everywhere and the infrastructure corresponds to the highest modern requirements. A lot of Greeks know English and other foreign languages. The country has focused a great variety of historical monuments and museums, as well as significant and impressive sights, beaches, islands, ski resorts. Almost everywhere in Greece the students have a rest for special prices. Why students choose Universities of Greece? 1) Greece gives a good condition for getting education and also a lot of privilege for students. 2) The teaching level at the universities of the country is consistently high. The overwhelming majority of teachers are engaged in scientific activity abroad. Students at universities in Greece with a year occupy leading positions in various student competitions (informatics, math, astronomy, international relations, law etc.). 3) Greek diplomas, certificates and degrees are recognized worldwide. 4) Almost any university has foreign...
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...of euro zone member, Greece. Once considered as a financially stable country, Greece is now on the edge of having a financial default. With a debt total amounting to an estimated $420 billion, experts say that this debt would have been bigger that the country’s economy itself and this debt is predicted to increase as time goes by because Greece spends 12% more than it gets revenues. So what’s exactly went wrong with Greece and how did they get themselves in deep trouble? One main cause for this is the country going on an uncontrolled spending binge which relies on debt to be sustained. One prestigious project they paid for over its budget limit is the 2004 Athens Olympics. Add that up to the failure of implementing consistent economic reforms and lending with despicable returns eventually led Greece vulnerable to a debt crisis. In result of this, Fitch ratings agency cuts Greece’s credit rating from an A- to a BBB+, first time in 10 years that the country has seen its ratings below an A grade. This will prove to be a big blow to the country as it now pushes up the cost of borrowing money. It will also be viewed by their foreign investors as a financial void as they would be given lower interest payments for their investments. To try and cope up with this downfall, the government stated its plans on making some harsh cuts on their budget. As this debt crisis develops, thousands of Greek workers went on a strike to protest these austerity measures Greece is willing to go for...
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...How will the Euro crisis affect the economy of China? Table of Contents Introduction...…………………………………………………………………… 2 The formation and evolution of the Euro zone crisis….…………………………3 The serious relationship in trading and investment filed between China and Europe ………………………………………………………….………………………..9 The influence of Euro zone crisis on China economy……..……………………10 Conclusion………………………………………………………………………15 Bibliography………….…………………………………………………………16 How will the Euro crisis affect the economy of China? Many economists now are analyzing the Euro zone crisis. As the biggest trading partner to China, how the Euro zone crisis affects China’s economy cannot be ignored. No matter the decision makers of the enterprises or the decision making department of the government, all need foresight to evaluate the risk and influence of the crisis and prepare the answer before that happens. This paper will provide some analysis and strategic thinking about the influence of the Euro zone crisis on China. Introduction: On August 25th, 2011, the president of France, Nicolas Sarkozy, came to visit China. According to the market prediction, the purpose of his visit was come to further persuade China to purchase European bonds, to support the recovery of Euro zone. The official media of the Chinese government reported that, the chairman Hu at that time expressed two points about China’s attitudes to President Sarkozy. First of all, China cared about the influence...
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...Country Analysis - Greece Bordering the Aegean Sea, Ionian Sea and the Mediterranean Sea in southern Europe,Greece is a country of mostly mountains with ranges extending into the sea as peninsulas or chains of islands. From wet winters, to hot and dry summers, greece is a popular tourist destination. With nearly 4.5 million people in the Athens area, Greece is populated with nearly 10 million people in which a parliamentary democracy exists. 300 people are elected whom form the parliament which conducts the legislative duties of the government.The political party collects approximately 151 seats in the parliamental duties of the administration. The president automatically becomes prime minster and then gets appointed to become cabinet ministers. The actual ‘president’ is elected by the parliament for a five year term. The current ‘chief of state’ is President Karolos Papoulias and the head of government is Prime Minister Antonis Samaras. As you are aware, Greece’s economy isn’t doing too well lately. Greece has a capitalist economy which means it has an economic system based on private ownership of capital. 40 percent of the countries GDP is accounted from a public sector. Tourism provides fifteen percent, in which we will discuss later. Between 2003 and 2007 the economy grew nearly four percent per year. This is partially due to the 2004 Olympic games which also resulted in an increased availability of...
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...Emily Bontz COMM 110, Class 1205, MTWTH 8:00 A.M Group Speech June 24, 2013 Travel to Greece Introduction I. Attention Getting Device: Traveling to Greece for the first time is a life-altering experience. The unique culture and the beauty of the spectacular landscapes, alone, are enough to amaze you. Add on the rest of what Greece has to offer and prepare yourself for a long-lasting experience that you will remember forever. II. Orientation Phase: A. Point: Greece is the place where wonderful experiences never end. There is always more to explore, to discover, to see, to taste, and to feel. Expand your senses in a place where the elements of nature offer countless possibilities. B. Adaptation: If you feel overwhelmed by everything you have to do as a student, commit yourself to the following: take a trip to Greece using our travel agency Anywhere Affair. C. Credibility: As college students you’re under stress and if you were like me you like to go to new and exciting places. D. Preview: So if you'd like to go to Greece, three things you would absolutely have to do: 1. Experience our extravagant destinations 2. Dive into the culinary aspect 3. Experience the night life Transition: Let’s take an adventure across the sea and explore the beautiful country of Greece. Body III. The elaborate sights in Greece make you weak at the knees and fall in love all over again. A. From the people of National Geographic ...
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...The Lexus and the Olive Tree Understanding Globalization Financially, Citizens, and countries are no longer islands into themselves. With the advent of globalization, the computer, and in particular the internet, people can easily invest not only in foreign corporations but also in the bonds and other papers of the foreign countries themselves. As a result, what happens in the economies of foreign countries can rapidly affect the investors of countries halfway across the world. This has been the case for only ten years, and the reason why Friedman says its whole new ball game and that --- “the world is only ten years old”. The cold war no longer is a dominating system for understanding foreign affairs. We are now in a new international system Friedman calls “globalization”. The Cold war was characterized by division; now it’s characterized by integration, integration made possible by rapid-speed airplanes, cheap international telephone charges, satellite communication and more than ever, the computer and the internet. We now have an entirely new set of financial understandings to achieve. What used to be true is no longer necessarily true. As a result of information Arbitrage, we can no longer think like specialists, because what’s going on in this new world requires us to think rapidly and multi-dimensionally. We can no longer, for example, think only like financiers; we must understand policies, because what happens politically in one country can affect finances in...
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...Athens. It totally takes about 15 hours. After arriving at Athens, we will move to the city by bus and subway. And we will rest at the Hotel on the first day. The second day, we will go to Santorini. So On this day, we gonna take public transportation, ferry and rental car. In the morning, we will check out the hotel and move to dock and depart to Santorini by Ferry. We can get to the ferry dock through subway line no.1. At Santorini, we go to these places. The first place is Kamari Beach. Kamari beach is the most popular beach at Santorini. The sand of the beach is black and there are many restaurants which sell traditional food of Greece. So we can enjoy the attractive atmosphere of Santorini at Kamari beach. The next place is pyrgos. Pyrgos is a castle in Santorini. The beautiful color of Pyrgos became symbol of Greece. We can see these beautiful sight at the top of the castle. There are also many stores on the way to go castle. The last place we will go at Santorini is the Oia village. The sunset at this village is very famous. When we go to the west of the village, we can see all the Santorini colored with red at sunset hour. The first place is Acropolis. This is the ancient place of Athens. We can see parthenon and other Greek ancient temples at here. The next place is Syntagma Square. Syntagma is the central place of Athens. We can look around National assembly building and National garden nearby the Square. The last place is National Archaeological...
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...Greece's Debt Crisis Greece is a country in financial peril. A series of missteps and misguidance led them to become a burden for the rest of the world to endure. Corruption and pitfalls fueled a downfall that may never be repaid to the residents of Greece, or to the European Union who were forced to bail them out. The question is, however, how all of this happened? It all started in the 2000's with the adoption of the Euro. It was one of the first countries to do so, under the pretense that it had achieved "economic convergence" with the other countries involved. Upon launch, the Euro surpassed the dollar in value, and Greece saw access to cheap capital, giving confidence to their investors. The investors took advantage of this, and accumulated massive public debt despite the EU claiming it would prevent so from happening. Then, in 2002, it became clear that Greece was among others under false pretenses. Greece had cooked its books to enter into the brotherhood this new currency offered. Exact numbers were not revealed until 2004, when it became knowledge that Greece had understated its budget deficit by 6.8%. This number is staggering, considering the acceptable budget deficit is only 3% to begin with. Yet as the Olympic games approached, the Greek government decided to do nothing, and say nothing, rather than address the problem at hand. Soon, the crisis was in full swing. By 2007 the crisis had started to affect not only Greece, who was hit the hardest, but also the...
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...crisis kicked off. With sovereign credit rating was lowered, the Greek government borrowing costs increase sharply. Greek government had to take austerity measures in Greece held another round of strike activity, economic development worse. Until February 2012, Greece, Germany and France and other countries still rely on rescue loans to survive. In addition to Greece, the financial situation of Portugal, Ireland and Spain and other countries also attracted attention from investors, European countries sovereign credit rating was lowered. Greece was just entering the euro zone. According to the provisions of some countries of the European Community signed in 1992 "Maastricht Treaty", the European Economic Monetary Union member states must meet two key standards, namely the budget deficit it can not exceed 3 percent of GDP, the debt ratio below 60% of gross domestic product. However, the accession of Greece just to see yourself far away from these two criteria. This alliance Greece and the euro zone is not a good thing. Especially in the euro began to depreciate as soon as they come out of the time. Then he turned to the Greek American investment bank "Goldman Sachs." Goldman Greece to design a "currency swaps" way for the Greek government to cover up the sum of up to 1 billion euros of public debt, so that Greece in the book in...
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...food is good. It is quite so I watch television while eating. I prefer Italian food at Olive Garden. I don't eat there much, about once a month. I'll be back soon. Yo como tres veces al día . ocho de la mañana , dos de la tarde y las ocho de la noche. Mi familia y yo no comen juntos. Yo como solista. Hago la comida en la cocina. La comida está buena. Es bastante así que veo la televisión mientras se come . Yo prefiero la comida italiana en Olive Garden. Yo no como allí mucho , una vez al mes . Volveré pronto Topic 2 For my free vacation, I would like to visit Greece. I would like to go to Athens during March. I will go there by airplane. I will wear a shirt, shorts, and shoes. I will visit monuments, mountains, and the beaches. I will vacationing for at least a week. I will not be alone, I will be with my family. I will have my father, my mother, and my three sisters. I will live with my cousins who live in Greece. Para mis vacaciones libre, me gustaría visitar Grecia. Me gustaría ir a Atenas durante marzo. Voy a ir en avión. Voy a usar una camisa , pantalones cortos, y zapatos. Voy a visitar los monumentos , las montañas y las playas . Voy a vacaciones durante al menos una semana . No voy a estar solo , voy a estar con mi familia. Voy a tener a mi padre, mi madre y mis tres hermanas. Voy a vivir con mis primos que viven en...
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