For the Portfolio Project, you will select an organization that has yet to enter the global business world. The organization can be one for which you work, one with which you are familiar, or one you locate through research. You will need to have this organization approved by your instructor, when you submit your first Portfolio Project Milestone. If you are not using the company for which you work, it is best to find a publicly traded company, because publicly traded companies are subject to providing information that private companies are not required to provide, which will help you immensely in your research.
Consider the following scenario:
The organization you have chosen has decided that it would like to â€œgo globalâ€ in terms of operations. You have been hired as the Human Resource Manager for the new global initiative. No research has been conducted as of yet on this global initiative, so you will be laying all of the groundwork for the decisions that will be involved regarding human resources.
Your Portfolio Project assignment is to create a report that will be used by the organizationâ€s decision makers. Your report should include the following elements, in the order given below:
- Globalization and Your Organization: Discuss how globalization has impacted your selected organization. Specifically, explain why it is likely that your selected organization would benefit from entering/expanding into a new market.
- Organizational Profile: Provide a detailed profile of your chosen organization to give the necessary background information, so the reader understands the type of company this is, what product or service it sells, how it operates, what its financial position is, etc. (Approximately 1 to 2 pages.)
- Cultural Differences: As we have learned throughout this course, cultural differences are one of the major challenges facing international human resource professionals. Provide an in-depth discussion of the various cultural challenges, both domestic and foreign, that HR will encounter. Ensure that you pick a country in which this organization will expand. Then describe how these challenges will be faced and overcome. Make sure to provide specific examples that are relevant to the selected country and organization.
- Management Strategy: Finally, based on what you have learned throughout the course, discuss how you would manage employees from a foreign country differently than those in the domestic country. Additionally, explain how technological innovations would allow you to more effectively manage the workforce. Importantly, you should propose 3 to 4 specific strategies that an international human resource manager should adopt to better manage employees working in a foreign country.
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