Human Resource Management in a Global Economy

Running head: HUMAN RESOURCE MANAGEMENT IN A GLOBAL ECONOMY
Human Resource Management in a Global Economy
Assessment Task No3 - Individual written report
Date: 01/05/2018
Student Name: Sviatoslav Iskra
Student Number: 19177563
Subject Code: 2018-IBU5HRM(SY-SP1)
Instance Coordinator: Ms Banafsheh Peyrovian
Subject Coordinator: Dr Seyed M. S. Khaksar

1HUMAN RESOURCE MANAGEMENT IN A GLOBAL ECONOMY
Table of Contents
1.0 Introduction...............................................................................................................................3
2.0 What are the issues....................................................................................................................3
2.1 Lack of interaction and mutual communication....................................................................3
2.2 Poor product quality...............................................................................................................4
2.3 Problems related to diversity management............................................................................5
2.5 Issues and Training and Development...................................................................................6
3.0 Theories and Perspectives on the HRM Performance Link.......................................................6
3.1 Universalistic perspective......................................................................................................6
3.2 Contingency perspective........................................................................................................7
3.3 Configuration perspective......................................................................................................7
4.0 Human Resource Management Dealing with Issues.................................................................7
4.1 Better Communication between Headquarter and Subsidiaries.............................................7
4.2 Diversity Inclusion.................................................................................................................8
4.3 Proper Performance Appraisal in Every Subsidiary..............................................................8
4.4 Proper Training and Development.........................................................................................9
5.0 Conclusion.................................................................................................................................9
6.0 Recommendation.....................................................................................................................10
6.1 Plan to Present to the Organization......................................................................................10
6.1.1 Effective Global Leadership..........................................................................................10
6.1.2 Measures to Monitor Diversity Management................................................................11
6.1.3 Reviewing Employee Performance...............................................................................11

2HUMAN RESOURCE MANAGEMENT IN A GLOBAL ECONOMY
6.1.4 Effective Training Session............................................................................................11
6.2 Implementation Plan............................................................................................................13
References.....................................................................................................................................14
Appendix.......................................................................................................................................16

3HUMAN RESOURCE MANAGEMENT IN A GLOBAL ECONOMY
1.0 Introduction
Human resource management is global economy deals with management of employees in
business environment that is increasingly global in its expansion (Cascio & Boudreau, 2016).
The purpose of this study is to explore the issues associated with Fox Flight Aircraft in Australia.
Apart from operating in Australia, the organization also operates in the countries like China,
Singapore and Vietnam. However, the organization is facing declining profit level in the
business operation. The CEO of the organization is being high stressed with the potential
takeover of the organization. The organization need effective communication and proper
performance review of the employees for resolving the issues. The study will highlight the issues
associated with the organization. The study will discuss the ways in which the organization will
be dealing with the issues to prevent its repetition. Apart from that, some solid recommendations
with their implementation plan will be demonstrated in the study to eliminate the issues.
2.0 What are the issues
Based on the analysis of work done, the identified issues within the airline "Fox Flight"
will be considered in more detail:
2.1 Lack of interaction and mutual communication
The analysis points to a serious gap in the relationship between subsidiaries. According to
According to Okhoro (2012), such problems can be related to the company's etiquette policy,
which does not correspond to the cultural perception of the chosen region. The confrontation
between the host country and the subsidiaries is more likely a consequence of the lack of
understanding in the relationship. A similar example is the giant trading network Wel-Mart.
Employees had to smile at customers regardless of the situation and buyers did not correctly
understand this kind of flirting. Naturally, company ignored that, while the management staff
openly opposed this policy and clashed with each other. As a result, Vel-Mart had to leave the