Part1) Write a short answer the below question
We are not the same, but we are equal!
As much as we would like to think the world is getting smaller, and cultures and trends are getting more universal, the reality is telling us otherwise. Cultures persist, and the socioeconomic walls are growing within and among nations.
What will you do first, as an international business entrepreneur or multinational corporation manager, when designing a human resource strategy for a foreign market? Pick a country, and state one unique trait that the labor force has that must be incorporated in the human resource management manual.
Part2) Write a short comments about the answers of two students
Student1_Joshua)
Hello Professor,
This is an interesting question. On the surface you would think, why not? if everything was data driven than in a perfect world we would be getting the best results. But we do not live in a perfect world. We need to ask where this data is coming from. If you were getting data from. Because we cannot trust the institutions that are supposed to be looking out for our best interest I do not believe that we should be using data to soley dictate our decisions.
when looking at this from a business standpoint, I do think that it makes more sense, but it still should not be “soley” used to make decisions. looking at the data is incredibly important and can help analyze the past and predict the future so it is crucial to the decision-making process, but even with that, data can be interpreted differently, and different conclusions can be drawn. this is amplified the more complex your subject matter is. There needs to be a human element kept in the decision-making process.
-Josh
Student2_Kevin)
What will you do first, as an international business entrepreneur or multinational corporation manager, when designing a human resource strategy for a foreign market? Pick a country, and state one unique trait that the labor force has that must be incorporated in the human resource management manual.
As an international business entrepreneur or multinational corporation manager, I will first simplify recruitment and onboarding when designing a human resource strategy for a foreign market. The recruitment process is about finding people with appropriate qualifications for a job description on a worldwide spectrum. There are complexities in the hiring process because certifications and educational requirements vary depending on the country. Bargaining salaries, making job offers, and generating contracts must be done with precision to secure employee retention is high. Onboarding will also need to include employee orientation methods that meet the needs of global networks.
I pick France as a country. Cultural alignment is one unique trait that the labor force has that must be incorporated in the human resource management manual. French work culture values work-life balance. In addition, policies addressing data privacy and inclusivity are important. Successful policy development involves collaboration with employees, fostering a sense of ownership and engagement.
Part3) write a paper follow the requirements (Two pages)
Lessons Learned and Opportunities Ahead
Overview and Insights
The world of today is the product of yesterday and is the breeder for the world tomorrow!
Globalization was a certain consequence of the Industrial Revolution, and its growth was the consequence of technological advancements. Economic specialization and the expansion of international trade are the consequences of globalization. And the fast growth of exchange among humans in different continents was a consequence of the internet. And the internet and the long list of social interaction applications that it offers via smartphones has narrowed the cultural understanding gaps among various nations and has produced a generation of consumers (Gen Z) that are more similar in their attitude and outlooks than any other group of consumers. So, have we become a “global village” where everyone loves everyone, and everyone looks like everyone else, and everyone has the same resources and opportunities like everyone else in the world? Can we ignore cultural, social, political, and legal barriers? Can we ditch bad governments and stick with the better ones in other countries and choose their ways of life? Can we sell whatever we want whenever we want to sell it wherever we wish to sell it? Has the world and its population, politics, and globalization stopped evolving? What else is on the horizon?
It was much easier to answer those questions before the beginning of the year 2020—in other words, before COVID-19 hit the world. Did globalization help to overcome the pandemic? Or did it make it worse? In what ways? And what to watch for? And what to be hopeful for? What to avoid? And what to take advantage of in the international market?
The above are among many questions that international business adventurists need to find answers for before they venture into the global market. Opportunities have evolved, but so have risks!
Assignment Description
You need to list and discuss the main lessons that you have learned from this course, opportunities you see on the horizon and in the near future, and threats you predict in the global economy. Also, provide your recommendations to multinational corporations or individual producers who wish to expand internationally and state exactly what they need to do to learn about the market, how to obtain facts, and what to focus on in their approach to the diverse world we live in.
Slide Number Requirements
Three to six slides, not counting the separate Title slide and the separate References slide.
Content Structure and Requirements
Title Page (slide)
Title of the presentation
Name of the author (your name)
Email address of the author
Class name
Professor’s name
Date
Content Structure
Lessons Learned: What are the key facts that you have learned in this course that you had not known before? What lesson(s) have you learned about the diversity of the global market, economies, cultures, and political structures? And why is inclusion in this diverse world important for local communities and foreign investors?
Global Market Opportunities: In your own words and based on your overall understanding, briefly state the potentials that the international market has based on the state it is in now. Where do the opportunities exist (region, country, industry, product, idea, etc.)?
Global Market Risks and Threats: Based on your collective reading and work in this course, what are the major risk factors or sources in the global market today? How will these factors affect the flow of exchange between nations?
Recommendation for Growth: Provide professional advice to those (corporations or individuals) who wish to expand internationally now. What should they do first before venturing internationally, and what type of knowledge and information do they need to obtain before their move?
Reference List
If needed, use reliable sources to obtain facts, data, news, updates, graphs, and so forth.
Cite all sources used. The references need to be in APA format.
