Environmental Scanning Exercise

Essay Instructions:

ENVIRONMENTAL SCANNING EXERCISE 1. (a) Select an industry you are somewhat familiar [e.g., kitchen appliance manufacturing, personal care products, or after-market automobile parts]. (b) (b) From an Announcement, discover in which country your team's organization will begin operations. MY TEAM HAS PAKISTAN. (c) Chose the structure for your locally-based corporation, a joint venture, or wholly-owned subsidiary [i.e., no partnerships] and give a rationale for your choice. Assume your company has employed a combination of expatriates [i.e., parent-country employees who have been employed in your local operations] as well as host country nationals [HCNs], and employees from at least one other country [TCNs]. 2.Using a search engine, identify basic trends in the country's business environment that might affect your business over the next two or three years: economy, social/cultural (including waste management), market-competition, technological, and political/legal. Cite current references (within the past 12-18 months) in APA Style. Be sure to include the World Bank's Business Ready report, https://www(dot)worldbank(dot)org/en/where-we-work Links to an external site., Transparency International's Corruption Perceptions Index, Links to an external site. the CIA's World Fact Book https://www(dot)cia(dot)gov/the-world-factbook/ Links to an external site., and The Heritage Foundation’s Index of Economic Freedom, and SHRM's Global: https://www(dot)shrm(dot)org/ResourcesAndTools/tools-and-samples/exreq/Pages/Global.aspx?utm_source=marketo&utm_medium=email&utm_campaign=editorial~HR%20Daily~NL_2023-07-26_HR-Daily&linktext=Have-global-HR-responsibilities-SHRMs-Knowledge-Center-has-compiled-employment-law-resources-for-over-40-countries&mktoid=50089346&mkt_tok=ODIzLVRXUy05ODQAAAGNMcjqiLLkCXzpsiYr4DcPmeYSmlzvuFXImCkGY_UgOTI-KSl8VKceK7-T2tGNupB6ymxiavb0bHMjJQiw7p4eDBwk4u_aMtATnpunReP54FuVYxG0 You will often find official country sites, expat community forums, and sites criticizing developments. Discuss potential implications for HRM policies and practices. Compress your findings into bullet points to place in the Briefing Outline below. 3. Lastly, identify what additional information you would seek if you had more time to search and where you might find it. BRIEFING OUTLINE 1. Industry: ____________________ Country: _________________________ Structure: _____________________ Rationale: ___________________________________ 2. Key Environmental Trends and HR Implications Environmental Factors and Trends [list several key factors for each of the following] HRM Policy Implications [Identify HR policy implications associated with this and other factors/trends in the column to the left] Economic Conditions Social-Cultural Market/Competition Changes Technological Changes Political-Legal Conditions 3. What additional information would you seek, and what are some potential sources?

Essay Sample Content Preview:

Establishing an Automobile Aftermarket Firm in Pakistan Student's Name Institutional Affiliation Course Instructor Date Establishing an Automobile Aftermarket Firm in Pakistan 1 Industry: Automobile Aftermarket Country: Pakistan Structure: Joint Venture Rationale: The most appropriate organizational structure for the business is a joint venture. This business model has numerous advantages that benefit a new entrant in a vast industry, such as an automotive aftermarket firm. Key benefits related to this business structure include access to new markets and distribution networks, risk and cost-sharing, and access to new knowledge and expertise. Furthermore, the joint venture would help realize greater access to resources, including technology and finance. Running an automotive aftermarket in such a market as Pakistan would be more suitable as a joint venture because of the dynamics related to the industry. Currently, several players are in the market, which increases the risks for new entrants (Gul et al., 2024). Delving into the sector with a readily established partner can help navigate the challenges that impede organizational performance. Such a combination would also aid in adopting the glocalization market strategy, as it would incorporate a dynamic workforce, including a combination of expatriates, host country nationals, and employees from neighboring countries such as China and India. 2 Key Environmental Trends and HR Implications Environmental trends are a primary consideration when looking to commence a firm such as the automobile aftermarket in a setting such as Pakistan. Within the past twelve months, several developments have been made within the country for a new entrant in the automotive space to consider. When deliberating on the key environmental trends that impact the automobile industry, the key areas to consider include economic conditions, socio-cultural, market/competition changes, technological changes, and political/ legal conditions. These factors are essential in determining the strategic position to take when commencing operations or expanding to other parts of the country. In Pakistan, generating comprehensive details on the automobile space is essential as it could help overcome the potential risks that could undermine the organization's operations. Environmental Condition Economic Conditions * Market demand and consumer preferences * Supply chain resilience HRM Policy Implications The HR must develop a training program to enhance employee productivi...

Updated on June 26, 2024

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