Explain the decision-making process you used to make

Assignment Help Corporate Finance

Reference no: EM133473518

Case Study: For this assignment, you will apply decision-making to the process of international human resource management as you determine which of the four final applicants to hire into a global executive position.

You are a member of the management committee of an MNE that conducts business in 23 countries. While your company's headquarters is located in the Kingdom of Saudi Arabia, your regional offices are located fairly evenly throughout the four hemispheres. Primary markets have been in the European Union and North America; the strongest emerging market is the Pacific Rim. Company executives would like to develop what they see as a powerful potential market in Latin America. Sales in all areas except the Pacific Rim have shown slow growth over the past two years.

At present, your company is seeking to restructure and revitalize its worldwide marketing efforts. To accomplish this, you have determined that you need to hire a key marketing person to introduce fresh ideas and a new perspective. There is no one currently in your company who is qualified to do this, and so you have decided to look outside.

The job title is "Vice President for Global Marketing"; an annual salary of $250,000-$300,000, plus elaborate benefits, an unlimited expense account, a car, and the use of the corporate jet. The person you hire will be based at the company's headquarters in Riyadh and will travel frequently.

A lengthy search has turned up four people with good potential. It is now up to you to decide whom to hire. Although all the applicants have expressed a sincere interest in the position, it is possible that they may change their minds once the job is offered. Therefore, you must rank them in order of preference so that if your first choice declines the position, you can go on to the second, and so on.

First, read the biographies of each applicant. As you are doing this, rank each of them from 1 to 4, with 1 being your first choice, and explain your reasons for their ranking.

For your essay this week, respond to the following questions using the decisions you have made with your rankings.

The first section of your paper should be an overview of your rankings and reasons for your decisions.

Did your decision include any culturally based biases you may have-for example, feelings, personality traits, or politics in your rankings?

Did you make any observations that you feel would have been fully acceptable in your own culture, but were not accepted in other cultures? If so, explain.

Question 1: What implications do you believe any of the applicant's cultural differences would have in business dealings? In what countries or cultures?

Question 2: What expatriate adjustments for the candidate need to be considered? How will the company handle these?

Question 3: Explain the decision-making process you used to make your decisions.
Park L.
Park L. is currently senior vice president for marketing at a major South Korean high-technology firm. You have been told by the head of your Seoul office that his reputation as an expert in international marketing is outstanding. The market share of his company's products has consistently increased since he joined the company just over 15 years ago. His company's market share is now well ahead of that of competing producers in the Pacific Rim.
Park graduated from the University of Seoul and has worked his way up through the ranks. He does not have a graduate degree. In addition to his native tongue, Park is able to carry on a reasonably fluent conversation in English and has minimal working knowledge of German and French.

Reference no: EM133473518

Questions Cloud

Describes at least two new pieces of information you learned : Describes at least two new pieces of information you learned about hidden bias, prejudice, stereotyping, stigma, or discrimination as a result of reviewing.

What do these primary source readings tell you : What do these primary source readings tell you about Native Americans, American expansionism, and American-British relations

Explain victim blaming step by step : Explain victim blaming step by step, and argue that people whose identity was stolen may have made it easy for the thief.

Why isnt monroe more highly regarded : 1820 Election James Monroe was so popular that no one ran against him for the presidency in 1820. In fact, there seem to be so much political harmony

Explain the decision-making process you used to make : MGT 672 SEU Deciding On Whom To Hire Case Study - What implications do you believe any of the applicant's cultural differences would have in business dealings?

Concept of the cycle of violence : While some family violence researchers feel that the "cycle of violence" concept is accurate, not all victimologists share this opinion.

How does it relate to united states history : How does it relate to United States history (how is it historically significant)? Did the events described in your topic change history?

Review capstone project template specific to your program : Review the Capstone Project Template specific to your program. Review the Capstone Project Guide (located in the Learning Resources).

How exposure to chronic stress can result in officer burnout : Explain in detail how exposure to acute and chronic stress can result in officer burnout and stress.

User Account

All Pages