Environmental Scanning Exercise

Environmental Scanning Exercise

HUMAN RESOURCE MANAGEMENT

ENVIRONMENTAL SCANNING EXERCISE [Lesson Module 1]

 

1. (a) Select an industry with which you are somewhat familiar [e.g., kitchen appliance manufacturing, personal care products, or after-market automobile parts]. (b) Identify three countries with which companies in your nation might establish a partnership or subsidiary. (c) Assume your locally-based corporation has entered into joint ventures [shared equity and management partnership] in two of those countries, and has a wholly-owned subsidiary [i.e., no partner] operating in the third [your choice].  In both types of business relationships your company has employed a combination of expatriate [i.e., parent-country employees who have been employed in your local operations] as well as host country nationals [HCNs], and employees from at least one other third country [TCNs].

 

2. Identify basic trends in the following aspects of the business environment which might affect your business over the next two or three years while engaged in a partnership [international joint venture] or with a wholly-owned subsidiary doing business in the group of countries you are assigned. Cite your sources.

• Economic
• Social-Cultural
• Political-Legal
• Technological
• Market

3. From your analysis, determine potential implications for HRM policies and practices.
4. Using the outline below, prepare a 5-10 minute overview of your findings.
5. Conclude by telling what additional information you would seek and what sources you might use.

 

BRIEFING OUTLINE

 

1. Industry: ____________________ Group of Countries: _________________________

 

2. Key Environmental Trends and HR Implications

 

Environmental Factors and Trends                              [list several key factors for each of the following]	HRM Policy Implications                [Identify HR policy implications associated with this and other factors/trends in the column to the left]
Economic Conditions
Social-Cultural
Market/Competition Changes
Technological Changes
Political-Legal Conditions

 

3. What additional information would you seek, and name some potential sources.

 

 

……………..Answer Preview……………..

Smartphone Manufacture Industry Labor Analysis

1. Industry: Smartphone ManufactureGroup of Countries:India, China, United States
2. Key Environmental Trends and HR Implications

Environmental Factors and Trends

HRM Policy Implications

Economic Conditions India- Stagnant growth rate poor banking system low wage rates Professionals Low levels of technical experts Many non-English speakers   China-growing economy Good banking system Professionals High levels of innovative professionals Large technical knwledge English speakers present   USA-excelent economy Good banking system Professionals High levels of innovative professionals Large technical knwledge Native English speakers

Employees readily available wages above minimum to invite skilled professionals         Predictable exchange rate due to fixed exchange rate system high quality production due to innovation       High levels of competition Precense of employees with a competitive mindset High rates of innovation

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