...Business Assignment – Closing Case: Debating the Merits of Globalization Case Questions 1. Do you think globalization and MNE activities are creating problems for the world? What kinds of problems can you identify? What are the unintended consequences of international business? 2. Summarise the argument in favour of globalization made by the business executive. What is the role of technology in supporting company performance in a global business environment? 3. What are the roles of the states and federal governments in dealing with globalization. What is government’s role in protecting citizens from the negative effect of foreign MNEs conducting business in your country ? What kinds of government actions would you recommend? 4. What is the role of education? i) addressing the problems raised in the roundtable ii) creating societies in which people can deal with public policy issues and iii) creating citizens who can compete effectively in the global marketplace. Answers 1. I think globalization and MNE activities are causing problems for the world. Some of the problems that are obvious include the influences some of the Global companies have on some countries governments especially developing countries. They use their powers to manipulate activities in those countries. Another problem is the loss of national sovereignty, many countries lose their own cultural dresses, foods e.t.c due to the globalization and MNE. Finally environmental pollution...
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...LINCOLN ELECTRIC GROUP ASSIGNMENT Q1. Describe the management philosophy of Lincoln Electric. What are the main components of the compensation system? How much do you think they are influenced by the U.S. national culture? The basic philosophy of Lincoln Electric’s management rooted in James Lincoln’s fervent belief in self-reliance and in the necessity of competition for human progress. He emphasized the importance of incentives management which could bring unlimited progress and profits to the company. From this philosophy Lincoln Electric derived three major components of its compensation system: 1. Wages on a piecework basis 2. A year-end bonus based on a merit-rating procedure 3. Guaranteed employment for workers Although piecework pay system prevails in Western corporations, Lincoln Electric’s bonus rate was one of the highest in the United States, reached approximately 40%~55% of pre-tax at some point. James believed that relating employee’s welfare to corporation’s profits encourages their motivation and dedication to the company. In addition, employment guarantee protected employees’ job security thus ensured efficiency and willingness in production. Nevertheless, another underlying philosophy also contributed to maintain the execution of the compensation system, i.e. James’s belief in the equality of management and employees. The open door policy was practiced under this guideline. Moreover, small numbers of supervisors and equal treatments in parking spaces...
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...Effects of Globalization and Institutional Forces on International HRM Practice: Illuminating the ConvergenceDivergence Debate By Yongsun Paik Irene Hau-Siu Chow Charles M. Vance In the face of globalization, scholars continue to debate about whether a convergence in human resources practices will prevail, or a trend of divergence perspective will persist. Building on institution theory, this article helps to explicate this debate by examining how globalization may interact with different dimensions of local institutional forces to lead to convergence, divergence, or crossvergence Correspondence to: Yongsun Paik, PhD, Professor of International Business & Management, Department of Management, Hilton Center for Business, Loyola Marymount university, One LMu Dr., Los angeles, Ca 90045-2659, 310.338.7402 (phone), 310.338.3000 (fax), yspaik@lmu.edu. Published online in Wiley Online Library (wileyonlinelibrary.com) © 2011 Wiley Periodicals, Inc. • DOI: 10.1002/tie.20440 648 f e a t u r e a r tI C l e in international HRM practices for enhanced performance. We also present useful propositions for guiding future empirical research and theory development on the interaction between globalization and different forms of local institutional forces, which in turn influence the formation of successful international HRM practices. © 2011 Wiley Periodicals, Inc. Int r o d u c t i o n N otwithstanding the current worldwide economic crisis, the globalization of business...
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...Judiciary: An Alarmbell not a Timekeeper Abstract Judiciary is one of the most important organ of the Government and can be considered as a sleeping giant because in more than one occasion it fills the void created by the the other two organs of the Government viz Legislature and Executive. By doing so it reposes people’s faith constitutional setup .It doesn’t mean that the other two organs of the Government are subsidiary to Judiciary but every branch is supreme in its own right and is complementary and supplementary in nature. Without judiciary we would have been like Iraq, Afghanistan, Pakistan etc. hence it saved the nation from eminent collapse. But at the same time this active role of judiciary is good only in the short run because the Judges lack in technicality of subject matter and they are not elected by the people and hence not accountable to them Judiciary is only a temporary respite or a painkiller and not a permanent solution of the maladies of the system. Keywords: separation of powers, legislature, executive, judiciary, constitutional setup. Judiciary: An Alarmbell not a Timekeeper With the expansionist role of the Government in the developing countries the necessity of judicial control over administration became much more pronounced. The main task of judiciary is to protect individual citizens...
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...Case Study 1 – Debating the Merits of Globalisation Q1.) After studying the case study, it is clear that there are a number of drawbacks to globalisation. Hill (2014), describes globalisation as the merging of historically distinct and separate national markets into one huge ‘global marketplace’. Firstly, the case study argues that globalisation has had detrimental effects on the natural environment. An increase in transport between countries due to international trade has resulted in increased CO2 emissions. Huwart et al (2013) argues that the aeroplane has been the main mode of transport to characterise globalisation, seeing an increase in greenhouse gas emissions by 86% between 1990 and 2004 due to aviation. However, globalisation is not only effecting the natural environment, it’s also using up it’s finite resources more quickly. For example, China joined the world trade organisation in December 2001. By 2008, it’s coal use had doubled (Tverberg, 2013). The next drawbacks according to the case study are: local job losses (leading to devastation in local economies), exploited workers in LEDC’s and child labour. Globalisation transfers jobs from developed countries to less developed countries – known as offshoring. Cavusgil et al (2013:76) defines offshoring as “the relocation of manufacturing and other value-chain activities to cost effective locations abroad.” E.g. In the US, the % of US citizens with jobs began to drop around roughly the same time China joined the WTO...
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... 3 1. The concept and essence of globalization 1. What is globalization 5 2. History of globalization 11 3. Different types of globalization 13 2. Effects of globalization 2.1 Positive effects of globalization 19 2.2 Negative effects of globalization 21 Conclusion 23 Endnotes 24 Bibliography 25 3 Introduction Today it is really difficult to find a more fashionable and a discussion topic as globalization. Dozens of conferences and symposia, hundreds of books and thousands of articles are devoted to it. It is discussed and debated...
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...devoid of democratic governance? What changes would you recommend to make them modern democratic states? (2009) * Democracy in Pakistan has remained an elusive dream. Why it has taken so long to develop a road map and follow it with necessary modification? Explain (2009) GOVERNANCE * Governance through ordinances has been the hallmark of all regimes, democratic or otherwise, in Pakistan. In this context briefly review Pakistan’s political, constitutional and judicial landmarks. (2000) * Note: Ramification of Taliban’s style governance. (2000) * Pakistan is suffering from crises of governance at Institutional level. Suggest remedies to mitigate this situation. (2007) GLOBALIZATION * Discuss politics of World Trade Organization and Globalization. (2000) * Globalization, as being shaped by the World Trade Organization in a world of un-equal nation-slates, has un-manageable implications. Discuss. (2003) 911 CONSEQUENCES * “A single catastrophic event –‘Nine Eleven’ – has turned the entire world topsy-turvy”. Discuss. (2002) * Give a long-term scenario of Afghanistan and Iraq beyond the perspective of' Nine Eleven'. (2003) TERRORISM * The phenomenon of terrorism has occupied center stage in today’s world. Highlight the difference between terrorism and a freedom struggle. Discuss the issue of terrorism in the back drop of what is happening in Iraq, Chechnya, Kashmir...
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...IBT Journal of Business Studies (Formerly Journal of Management & Social Sciences) Vol. 10, No. 1, (Spring2014) 83-101 Human Resource Management Practices: A Case Study of South Asian Countries Rafique Ahmed Khan Faculty of Management Science Bahria University Karachi, Pakistan Mohammad Khasro Miah School of Business North South University Dhaka, Bangladesh Amir Manzoor Faculty of Management Science Bahria University Karachi, Pakistan ABSTRACT Purpose: The central point of this study was to demonstrate the similarity and difference of Human Resource Management (HRM) practices amongst the countries in South Asia. Through this paper, an in-depth study was undertaken to evaluate the validity of existing HRM practices in South Asian (SA) countries. An effort was made to examine the influences from the economic emergence in South Asia, force of colonization, historical panorama, cultural similarities and dissimilarities, legal, economic and political factors causing the change.. Methodology/Sampling: The study is based on secondary data collected through extensive research on present and past literature available on the topic. Findings: HRM is in a reforming process towards the development of organizational transformation in South Asia. In addition, contextual and contingency factors are determining the outcome of restructuring HRM practices in South Asia, identified as FDI, foreign MNCs’ influence, and bilateral relations among the SAARC members...
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...For the exclusive use of S. AL OBAIDLI 9-405-009 REV: SEPTEMBER 22, 2005 DAVID THOMAS BORIS GROYSBERG CATE REAVIS Sonoco Products Company (A): Building a WorldClass HR Organization Your business is only going to be as good as the people you’ve got. You can have the best strategy in the world, but if you don’t have effective execution by people, it’s going to fail. — Harris DeLoach, Sonoco CEO In order to make progress, we had to somehow decide what things were going to be the same across the company and what things could be or needed to be different to support the businesses. There was a balance that we needed to figure out. — Cindy Hartley, Senior VP, Human Resources It was late August 2000. Cindy Hartley, senior vice president of human resources (HR) at Sonoco, a 100-year-old global provider of industrial and consumer packaging and related services, was meeting with five members of her reorganization task force comprising the heads of employee relations and organizational development, the company’s chief labor attorney, and two key divisional HR directors. Looking to cut costs across the company, the company’s newly appointed CEO had asked Hartley to come up with at least two potential new HR structures that would reduce the function’s costs by 20%, or $2.8 million. But there were other equally pressing reasons for the reorganization. Number one was to ensure top-level accountability for talent management and upgrading. The second reason was to provide...
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...Critical Theories of Globalization Chamsy el-Ojeili and Patrick Hayden Critical Theories of Globalization Also by Chamsy el-Ojeili CONFRONTING GLOBALIZATION: Humanity, Justice and the Renewal of Politics FROM LEFT COMMUNISM TO POSTMODERNISM: Reconsidering Emancipatory Discourse Also by Patrick Hayden AMERICA’S WAR ON TERROR CONFRONTING GLOBALIZATION: Humanity, Justice and the Renewal of Politics COSMOPOLITAN GLOBAL POLITICS JOHN RAWLS: Towards a Just World Order THE PHILOSOPHY OF HUMAN RIGHTS Critical Theories of Globalization Chamsy el-Ojeili Department of Sociology, Victoria University of Wellington, New Zealand Patrick Hayden School of International Relations, University of St Andrews, UK © Patrick Hayden and Chamsy el-Ojeili 2006 All rights reserved. No reproduction, copy or transmission of this publication may be made without written permission. No paragraph of this publication may be reproduced, copied or transmitted save with written permission or in accordance with the provisions of the Copyright, Designs and Patents Act 1988, or under the terms of any licence permitting limited copying issued by the Copyright Licensing Agency, 90 Tottenham Court Road, London W1T 4LP. Any person who does any unauthorized act in relation to this publication may be liable to criminal prosecution and civil claims for damages. The authors have asserted their rights to be identified as the authors of this work in accordance with the Copyright, Designs and Patents...
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...1 The Foundations of International Society 2013-2014 Part I: Politics 2 (International Relations I) Paper organiser: Professor Christopher Hill (POLIS): Room 105, Alison Richard Building Email: cjh68@cam.ac.uk Lecturers: Professor Hill (CH), Dr Elisabetta Brighi (EB), Dr Aaron Rapport (AR) and Dr Stefano Recchia (SR). Aims and Objectives The course aims to introduce students to the subject of International Relations (IR), whose main focus is the nature of politics at the international level. Students will acquire the empirical and conceptual foundations needed to understand a world political system which cannot be accurately described as either pure anarchy or a coherent form of ‘global governance’. The starting point is the notion of ‘international society’, which refers to the set of institutions and common procedures generated by states over the last three and a half centuries in their attempts to achieve some minimal form of co-existence, but which has gradually evolved to include many non-state actors and different levels of activity – diplomatic, economic and cultural, as well as that of military competition. By the end of the course you should be able to have an informed discussion about: the historical origins of the present system; what is distinctive about international politics as opposed to politics inside the state; and the main challenges which confront humanity in the twenty-first century. You will also acquire a basic familiarity with the main theories needed...
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...F u r t h e r Praise for Globalization and Its Discontents " Development and economics are not about statistics. Rather, they a re about lives and jobs. Stiglitz never forgets that there are people at t he end of these policies, and that the success of a policy should be d efined not by h o w fast international banks are repaid, but by h o w m u c h people have to eat, and by h o w much better it makes their lives." — Christian Science Monitor " [An] urgently important new book." — Boston Globe " Whatever your opinions, you will be engaged by Stiglitz's sharp i nsights for a provocative reform agenda to reshape globalization. A m ust read for those concerned about the future, w h o believe that a w orld of decent work is possible and want to avert a collision course b etween the haves and the have nots." —Juan Somavia, d irector-general of the International Labour Organization " [Stiglitz s] rare mix of academic achievement and policy experience m akes Globalization and Its Discontents w orth r e a d i n g . . . . His passion a nd directness are a breath of fresh air given the usual circumlocutions of economists." — BusinessWeek " T h i s smart, provocative study contributes significantly to the o n g o i n g globalization debate and provides a m o d e l of analytical r igor c o n c e r n i n g the process of assisting countries facing the challenges of e c o n o m i c development and transformation. . . . Impassioned, balanced and i n f...
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...es,do you agree or dis the birth of cars have made an enormous change to our life.in the past,we travel from one place to another only by foot,nowaday,cars can do it .its goes withour saying that the invention of cars bring great benefit to all of us.but as proverb goes:no garden without weeds.car is not exception. owing a car has a lot of advantages.for one thing,car provide us the most convient way of transportation.we can get around freely without spenting a lot of time.emotionally,i always found driving is so exciting.for another,its the comfortable to drive a car.In winter.drivers always can stay warm and dry even in rainy whether,in addition,drivers are usually safe in their cars when they are out at night. Cars bring the human merits,their side-effects graudually come to the surface.firstly,to run a car need a lot of oil,which is getting less and less.the increasing number of cars contribute the lacking of energy.secondlly,as more and more cars are used,the traffic ecpecially in big cities is getting heaver and heavier,which lead to the serious social problem--traffic jam.in addition,the inceasing numbers of cars ,which excaust sent a huge quantities of carbon monoxide into atmosphere.it make the air of cities unbreathabe,it strip people contact with frensh air. therefore,the new energy should be explored to replace the oil so that our envionmental pollution can be avioded .and the strick law should be issued to keep the numbers of cars under control.thus,our heavier traffic can be solluted ...
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...Efficacy of Corporate Governance Contents 1. Definition of Corporate Governance 2. History of Corporate Governance – Pre and Post Liberalization 3. Objectives of Corporate Governance 4. Need of Corporate Governance 5. Framework of Corporate Governance 6. Principles of Corporate Governance in India and in the World 7. Merits and Demerits of Corporate Governance 8. Impact of Violation of Corporate Governance Laws 9. Case Study – a) Satyam b) Pfizer c) 3rd Company 10. Conclusion 11. Bibliography Definition "Corporate Governance is concerned with holding the balance between economic and social goals and between individual and communal goals. The corporate governance framework is there to encourage the efficient use of resources and equally to require accountability for the stewardship of those resources. The aim is to align as nearly as possible the interests of individuals, corporations and society"-(Sir Adrian Cadbury in 'Global Corporate Governance Forum', World Bank, 2000) Corporate governance is the relationship between corporate managers, directors and the providers of equity, people and institutions who save and invest their capital to earn a return. It ensures that the board of directors is accountable for the pursuit of corporate objectives and that the corporation itself conforms to the law and regulations. - International Chamber of Commerce Corporate Governance deals with laws, procedures, practices and implicit rules that...
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...E SSAYS ON TWENTIETH-C ENTURY H ISTORY In the series Critical Perspectives on the Past, edited by Susan Porter Benson, Stephen Brier, and Roy Rosenzweig Also in this series: Paula Hamilton and Linda Shopes, eds., Oral History and Public Memories Tiffany Ruby Patterson, Zora Neale Hurston and a History of Southern Life Lisa M. Fine, The Story of Reo Joe: Work, Kin, and Community in Autotown, U.S.A. Van Gosse and Richard Moser, eds., The World the Sixties Made: Politics and Culture in Recent America Joanne Meyerowitz, ed., History and September 11th John McMillian and Paul Buhle, eds., The New Left Revisited David M. Scobey, Empire City: The Making and Meaning of the New York City Landscape Gerda Lerner, Fireweed: A Political Autobiography Allida M. Black, ed., Modern American Queer History Eric Sandweiss, St. Louis: The Evolution of an American Urban Landscape Sam Wineburg, Historical Thinking and Other Unnatural Acts: Charting the Future of Teaching the Past Sharon Hartman Strom, Political Woman: Florence Luscomb and the Legacy of Radical Reform Michael Adas, ed., Agricultural and Pastoral Societies in Ancient and Classical History Jack Metzgar, Striking Steel: Solidarity Remembered Janis Appier, Policing Women: The Sexual Politics of Law Enforcement and the LAPD Allen Hunter, ed., Rethinking the Cold War Eric Foner, ed., The New American History. Revised and Expanded Edition E SSAYS ON _ T WENTIETH- C ENTURY H ISTORY Edited by ...
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