StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

2: Individual Reflective Statement (1,000 words) - Assignment Example

Cite this document
Summary
Michael Porter has framed theoretical frameworks on competitive advantage. Porter’s diamond model comprises of four determinants such as factor conditions, demand conditions, related industries and…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER98.4% of users find it useful
Assignment 2: Individual Reflective Statement (1,000 words)
Read Text Preview

Extract of sample "2: Individual Reflective Statement (1,000 words)"

Download file to see previous pages

The case study emphasizes on cross-cultural diversity and this portrays the importance of human resources in organizational system. I have studied that there are four types of strategy adopted by multinational enterprises. These strategies can be classified as international, multi-domestic strategy, transnational and global strategy. All these strategies as I have observed is dependent on two factors like local responsiveness considerations and cost reduction consideration. This theoretical base enabled me to identify strategies being structured by Molex.

As per my knowledge transnational strategy is usually adopted by firms when there is need for high local responsiveness and high cost reduction. The case study on Molex helped to correlate such theoretical frameworks with real world scenario (Boud, Keogh and Walker, 1985). On the other hand, leading and managing people are a common concept in strategic human resource management. I have studied that cross-cultural diversity is noticeable in majority multinational enterprises. However this study helped me to analyze the importance of cross-cultural diversity for acquiring competitive advantage.

Cross-cultural diversity as I know creates a lot of organizational conflict. This case study clearly reveals importance of cross-cultural diversity in an organizational system. Employees from different nationalities possess different set of expertise and this in turn is beneficial for a firm while operating in various locations (De Vita, 2004). The concept of expatriate was not clear to me earlier but through this case study I could relate its importance with McKinsey’s 7S framework. Strategy and staff are strongly linked with one another.

A base of multi-national employees I believe is the long term competitive advantage for any firm. This particular module has been able to create significant impact on my professional

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Assignment 2: Individual Reflective Statement (1,000 words)”, n.d.)
Retrieved from https://studentshare.org/business/1686854-assignment-2-individual-reflective-statement-1000-words
(Assignment 2: Individual Reflective Statement (1,000 Words)
https://studentshare.org/business/1686854-assignment-2-individual-reflective-statement-1000-words.
“Assignment 2: Individual Reflective Statement (1,000 Words)”, n.d. https://studentshare.org/business/1686854-assignment-2-individual-reflective-statement-1000-words.
  • Cited: 0 times

CHECK THESE SAMPLES OF Assignment 2: Individual Reflective Statement (1,000 words)

Incident of Alleged Rape of Miss Mary Jay by Big Mickey

Witness statement: Incident of Alleged Rape of Miss Mary Jay by Big Mickey On the basis of a complaint by Miss Mary Jay, alleging that Big Mickey has raped her at Ruskin Park, Detective Inspector Frost, designated as the leader for its investigation, ordered a team of 4 detectives, including me, to visit Ruskin Park and record the scene visually through the means of sketches, video and still photographs....
8 Pages (2000 words) Assignment

Research Methods for Business and Management

In the paper “Research Methods for Business and Management,” the author provides data analysis, which was collected in the United Kingdom in the three member states of the UK; England, Scotland, and Wales.... The survey was about different issues affecting people of the UK.... hellip; The author states that some of the issues of the paper include perception about racism, government spending and taxes, government welfare funding, unemployment and law enforcement among others....
7 Pages (1750 words) Assignment

The Aspects of the Business Analysis

Political: Bryant homes actively take part in the political activities for the interest of the business and its clientele for the policies that can influence its business operations.... The decisions and policies of the government can greatly affect the productivity of the company.... hellip; Political decisions of the government decide fiscal and regulatory policies, which have to be taken into account at the time developing For instance, the government's ‘Mortgage Support Policy Scheme' supports home owners who have fulfilled the set criteria to pay back their mortgages by offering around 80 percent of total interest assured....
9 Pages (2250 words) Assignment

Supply Chain and Distribution Strategy of Bryant Company

Political: The political as well as governmental structure of UK is thought to have sturdy leadership, encouraging public-private partnerships, financing options despite the fact that these are limited, and strong departments.... The procedure of consolidated development with… Bryant-homes efficiently take part in the political activities for the interest of the business and its clientele for the policies that can influence its business operations....
11 Pages (2750 words) Assignment

Multivariate Data Analysis( Short computational exercise)

000.... From table 1 below, p-value=0.... 5(significance level) we thus fail to reject the null hypothesis and conclude that the mean willingness-to-pay for membership of the upgraded Gymnasium is at least £75 From table 5, we see that female respondents are willing to pay a maximum of $80....
4 Pages (1000 words) Assignment

A reflective statement

The evidence of how interpersonal and team working skills are used are provided in a major reflective section of a final discussion placement report (Rogers, 2009).... These skills are… applicable when facing the prospects of getting to know and work fruitfully with an enormous number of people within a short period of seminars or discussions. Interpersonal and team working skills refer to the skills which an individual needs so as to effectively communicate By al Affiliation The Usage of Interpersonal and Team Working Skills During the modules of discussion, an individual performance is scrutinized and is used to selectively determine the progresses of candidates....
1 Pages (250 words) Assignment

3 questions - statistics related

Using Pearson's correlation, the relationship among the different forms of the consumer installment cards is highly positive.... The correlation between the gas card and travel entertainment card, using the… Travel and entertainment card and the Bank credit card is 0.... 60 positively correlated to each other....
2 Pages (500 words) Assignment

Patels Store Open- To- Buy Project

he OTB plan that the Store will maintain will be used as the roadmap to manage the sales to maximize the profits, but will also be backed by serious planning for individual category of the entire products that the store stocks.... The paper contains Open- to- Buy project for Patel's Store categorized in Clothing; which will include tops, dresses, Sweaters, Pants, Jeans, Jackets& Coats, Suits &Separates, Skirts & Shorts, Jumpsuits, Shoes and Boots, Intimate Apparel, and Sleepwear … Sometimes when sales opportunities are missed, then it follows that potential profits are forgone....
6 Pages (1500 words) Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us