Human Resource Management in a Global Economy - PDF

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Running head: HUMAN RESOURCE MANAGEMENT IN A GLOBAL ECONOMYDesigning a planned activity on the training and development of No Name AircraftName of the student:Name of the university:Author note:
1HUMAN RESOURCE MANAGEMENT IN A GLOBAL ECONOMYTable of contentsIntroduction................................................................................................................................2Insight into the case study..........................................................................................................2Designing the planned activity on training and development....................................................2References..................................................................................................................................5
2HUMAN RESOURCE MANAGEMENT IN A GLOBAL ECONOMYIntroductionIn the era of globalization, the companies and organizations need to apply efficientand effective management techniques. Within this, management of the workforce is a crucialissues in terms of enhancing the efficiency in the business activities1. Herein lays the trueessence of the aspect, “human resource management”. This assignment peeks into thetraining and development programs adopted by No Name Aircraft. In this process, the mainaim of the assignment would be to assess the management of the human resources.Insight into the case studyIn spite of the name being, “No Name Aircrraft”, the company is a well known nameoutside Australia. It has subsidiaries in three countries- China, Singapore and Vietnam. Thecompany has achieved accolades and glory for having a wide supply chain network. It hasoutlets in 50 countries across the world. CEO of No Name Aircraft is concerned about thecompetition, which the contemporary brands is giving. This has compelled the personnel toput on the thinking caps for seeking out ways and means to increase the sales revenue andprofit margin2. Some planning has been done for maximizing the investment returns in caseof the shareholders. Along with this, planning has been done for estimating the risks on highshare price.Designing the planned activity on training and developmentCommunication gaps have stalled the productivity of No Name Aircraft. Moreover, ithas adversely affected the cultural diversity3. Resilience towards change is the common1Vance, Charles M., and Yongsun Paik.Managing a global workforce: challenges and opportunities ininternational human resource management. Routledge, 2014.2Tung, Rosalie L. "New perspectives on human resource management in a global context."Journal of WorldBusiness51.1 (2016): 142-152.3Brewster, Chris, Chul Chung, and Paul Sparrow.Globalizing human resource management. Routledge, 2016.
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