Class Contribution Essay Example | Topics and Well Written Essays - 1000 words

Class Contribution - Essay Example As cost incessantly drives business, labor unions and/or trade unions are but one mechanism through which the labor market is able to leverage their own interests and work together in order to derive a better salary and result from the multinational company interested in doing business within the borders of a given state (Kanter et al 1998). Accordingly, if the other factors that the multinational firm is specifically interested in have positive associations and work to attract the interest of key economic development authorities and key decision makers, the level of trade unionism is likely to have little impact upon the final decision. 2-why might the internationalization process of Chinese companies, such as CFS differ from those of other companies? Discuss. Whereas most companies greet the process of internationalization from a more or less equal footing as a corporate citizen of a domestic entity that has a full level of integration with the world’s economy, the case of C FS was quite different than most due to the fact that it had been under Chinese state ownership for a period of around 40 years prior to the first movements towards privatization and the subsequent internationalization that developed as a result of the firm attempting to integrate with the remainder of the world’s economy (Zhenquan et al 2009). Accordingly this disintegration with the remainder of the world’s economy for such a long period of time effected many issues within CFS as it began to re-organize and rely heavily on layers of middle and lower management to affect the key goals and strategies that the firm needed in order to maintain its vision (Barnes 1994). Furthermore, key levels of retraining and re-engagement by the firm with regards to its workforce were necessitated as shareholders were unfamiliar with the management practices and implied intent of other leadership around the globe. As a means of rapidly acquainting them with these differentials, a serie s of seminars and trainers needed to be rapidly engaged with the shareholders to reorient their approach to key issues. As a means to accomplish this end and as a means to rapidly aquire the skills that they did not possess, CFS invested heavily in their European headquarters in London as a means to rapidly bring their staff up to speed with respect to the latter’s prowess in the field of HR management. 3-What lesson(s) may be drawn from the Gillette Singapore experience? Mergers and acquisitions of international firms oftentimes become synonymous with a breakdown of integration and months, quarters, or even years of non-aligned business goals and strategies. As a function of this, the case of Gillette in Singapore is unique. When Gillette acquired Parker Pen, the approach that was followed was one of full local integration from the very beginning (Rowley 2007). Although many firms tout such a desire, few are able to achieve it. Yet, Gillette and Parker Pen mapped out a very basic local integration scheme whereby the local norms and cultural differences between the other markets that Gillette currently leveraged and that of Parker Pen’s subsidiaries and market niche were considered. As a function of