HRM Implications of a Joint Venture between a Chinese and Australian Organization PaperPlace Your Order Now
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HRM Implications of a Joint Venture between a Chinese and Australian Organization Essay
HRM Implications of a Joint Venture between a Chinese and Australian Organization Assignment
The world has developed into a global community with different opportunities arising for organizations to expand into new markets. The differences in resource access play towards encouraging international dependence and business. Nevertheless, for organizations to operate in the international arena, they ought to be cognizant of the differences in culture as they have a major impact on the relationship that is developed between the organization and its employees and on productivity. In most countries, it is a requirement for any multinational corporation to adhere to various labor regulations, most of which involve employment of locals from the host country. Without a grasp of the cultural factors from the country of origin and the host country, most managers fail in recognizing opportunities to effectively manage and motivate the workforce towards increased productivity. This is more so the case in joint ventures as they involve merging of two corporate cultures, and, for the case of multinational corporations, national cultures. It is the role of the management in the newly formed organization to develop efforts towards facilitating increased performance by tapping into the cultural tenets of both countries. This paper considers an International Joint Venture (IJV) between a Chinese company that seeks to expand into Australia and an Australian company. China has become a major player in the economic world and has developed into an economic hub in the Asian world. There are major cultural differences between China and Australia, which affect the manner in which organizations from the two countries operate. This paper will synthesize the cultural difference between the two countries and recommend measures that ought to be embraced by managers in the newly formed IJV in order to facilitate best International Human Resource Management (IHRM) practices.................GET A PLAGIARISM FREE COPY