Hrm Strategies on Lg - 1563 Words

International Human Resource Management Term Paper 1st Submission Dated: 20/09/2011 Submitted To: Submitted By: Prof. Sukhjinder Baring Sahil Goyal Course Instructor MBA-2B IHRM Contents * About LG * Global Presence * HR policies of Different Countries * PCN Strategies * Studies About LG: LG Electronics was founded in 1958 at Seoul, South Korea. This multinational company is the 2nd largest electronic products maker†¦show more content†¦Training: LG Electronics offers diverse educational programs to its employees according to rank and job to encourage growth and development and mold them into the right people for the company. They do this by equipping them with the professional capabilities that the company needs and enabling them to apply the latest technologies to their work. Rewards: LG Electronics offers its employees a competitive, unique rewards system that takes account of their working situations by nation, region, and job. This rewards system motivates employees to perform better by helping them to enhance their quality of life. LGs rewards system consists of fixed salaries and flexible salaries. Fixed salaries are determined every year through a fair evaluation process. Flexible salaries are immediate rewards given to individual employees for their performance and competence. Note: The below link is able to explain the HR system and practices in South Korea http://www.pacificbridge.com/publication.asp?id=15 Studies: Hofstede Cultural Model for South Korea South Korea displays Geert Hofstede Dimensions similar to Latin American countries (see Latin America Hofstede Graph below). South Koreas Index values are: PDI=60 IDV=18 MAS=39 UAI=85. South Koreas closest correlation to another country in the Hofstede survey is to El Salvadors values of PDI=66 IDV=19 MAS=40 UAI=94. South Koreas highest Hofstede Dimension isShow MoreRelatedThe Strategic Human Resource Management1254 Words   |  6 PagesHis/her position exists first and foremost to help achieve the strategic business objectives of the organization. STRATEGY Thompson and Strickland (1987) define strategy as the direction in which the organization intends to move and establishes the framework for action through which it intends to get there. organization’s approach to achieving its objectives. The purpose of the strategy is to maintain a position of advantage by capitalizing on the strengths of an organization and minimizing its weaknessesRead MoreEssay on MN5506 People Mgr Assingment 21862 Words   |  8 PagesApple Watch IPhone on the wrist Touchscreen display Digital crown Main focus on apps Third party apps Built in HRM Only watch compatible with Apple products Avid Apple fans Motorola Moto 360 Google’s Android wear software First Android with round 1.5in screen Google’s latest software Connect to Android tablets phones via Bluetooth Notifications, apps, mail, texts on screen Built in HRM Accelerometer for fitness tracking Simple interface Some functions can be controlled by voice Google Now for boardingRead MoreCase study of Dell Essay17119 Words   |  69 Pages3.2 Strategic HRM Model analysis 47 4.3.3 Hofstede’s cultural dimensions analysis 48 4.4 International Business approach 49 4.4.1 The value chain model analysis 49 4.4.2 The PEST model analysis 50 5. 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Apple’s strategy is anchored in four pillars that the former CEO, Steve Jobs, had strategized. At the outset, the company main objective was to have a small rangeRead More Analysis Of The Success Of Cultural Change Within British Airways5971 Words   |  24 Pagesadopt competitive strategies, being that there was little competition from rivals. There appears to be little in the way of strategy formulation and strategy implementation. This was mainly due to the established strategy and organisation environment remaining largely unchanged. Any change in BAs strategy would have developed in an incremental fashion, an almost natural progression. However, due to nationalisation in 1935, this resulted in a fundamental change imposing strategy within BA, and thereforeRead MoreAnalysis of the Success of C ultural Change Within British Airways6137 Words   |  25 Pagesadopt competitive strategies, being that there was little competition from rivals. There appears to be little in the way of strategy formulation and strategy implementation. This was mainly due to the established strategy and organisation environment remaining largely unchanged. Any change in BAs strategy would have developed in an incremental fashion, an almost natural progression. However, due to nationalisation in 1935, this resulted in a fundamental change imposing strategy within BA, and thereforeRead MoreShangri-La Hotel and Resort Essay8653 Words   |  35 Pages The success of SLHR does not stop there expanding its market or increase their inventory, but the management always concern its competitors who can bring the better product and service base on SLHR’s ones. SLHR management also requires having strategies for long term running the organization. The aim of this strategic analysis report is to create vision for organization in future; by identifying and analysing the major macro-environmental trends which believe the major issues affect to the

The Work Environment Of The Workplace - 1264 Words

Mehmet A. Orhan continues the topic of decreased face to face conversation in the workplace. In his journal, Invisible, therefore isolated: Comparative effects of team virtuality with task virtuality on workplace isolation and work outcomes. Mehmet A. Orhan writes â€Å"The extent of face-to-face interaction has a strong impact on the social support received in the workplace. Especially for virtual workers, lack of face-to-face contact creates threatening conditions that cause isolation in the workplace and subsequently detrimental effects on the well-being of employees. Besides organizational disconnectedness, lack of informal socialization opportunities is found particularly problematic for virtual workers. While increased face-to-face interactions promote individuals’ sense of social belongingness, lack of social support is associated with feelings of loneliness and perceptions of isolation. Workplace social isolation can be defined as a lack of satisfying friendship relat ionships or a lack of access to social networks in workplace.† In other words Orhan is saying that when a work environment is social and employees are having face to face interactions, the more likely the employees will be satisfied with their jobs. The reverse is said about virtual workers, they are more likely to encounter loneliness and will most likely lack a sense of social belongingness. 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In the primary research a survey will be presented to participants to gain insight on their feeling toward workplace violence, negativity and employees refusing to speak up about the occurrence within their work environment. The secondary research to help assist in the studyRead More Disclosure in Work Environments Essay1342 Words   |  6 PagesInternal disclosures provide organizations an opportunity to explore and correct wrongdoing, and avoid the more negative consequences of external whistle blowing (Barnett et al., 1993). Disclosure in Work Environments 4 As sexual harassment can be a major topic in literature and in the workplace, organizations make sure to focus attention on the legal problems that may become evident if the harassment occurs (Bingham, 1991). Bingham investigated the interpersonal aspect of sexual harassment in Read MoreMultiformity in the Workplace Essay example659 Words   |  3 Pagesgender, race, religion, or life-style. 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Employment is a key element in promoting good health and the World Health Organization recognises the workplace as a key avenue for health promotion (WHO, 2015). A systematic literature search was undertaken to establish the importance of workplace for promotion of good health practices, particularly in a socialRead MoreEthical Issues in Management Essay1199 Words   |  5 PagesIssues in Management Charles Hall Axia Student Diversity in the workplace refers to the stark contrast of individuals within the same work environment. Many moral and ethical issues are faced by managers every day concerning diversity. Social Issues and ethically responsible management practices relate to workplace diversity in simple but important ways. Ethically it is irresponsible for managers to manage diversity in the workplace by acting insensitively towards employees. 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The working environment affects our sense of well-being, health and motivation to go in to work. It is both an employer’s responsibility, and in his/her interest, to ensure that employees work in a positive

How Slavery And Colonialism Have Shaped Modern Societies Free Essays

Introduction Slavery is a system involving the treatment of people as commodities or property, traded often for the purpose of forced labour. This practice precedes written record having existed in numerous cultures. Most notable in its scale was the slave trade in the pre-industrial societies with the most significant being the trans-Atlantic slave trade (Eltis and Engerman, 2000). We will write a custom essay sample on How Slavery And Colonialism Have Shaped Modern Societies or any similar topic only for you Order Now Slaves mainly from the western and central Africa were sold by African slave merchants and tribal elders to European slave traders to be exploited in an inexpensive labour force. They were then transported to colonies in North and South America and forced to work on plantations of coffee, tobacco, cocoa, cotton and sugar; in the rice fields; in the construction industry; in silver and gold mines; and/or served in houses working as servants (Eltis and Engerman, 2000). Colonialism refers to the establishment, acquisition, maintenance, expansion, and exploitation of a territory by people of other territories or their agents. A colony refers to the territory controlled by another state or its agents. Colonialism describes a set of unequal relationships between colonial power and the colonists on one hand, bearing upon the colony and indigenous population on the other. The period from the 14th to the 19th centuries was an era characterized by European colonialism in which several European powers particularly Portugal, Spain, France, Britain, and the Netherlands established colonies in Asia, Africa and the Americas (Cooper, 2005). Both of these pursuits were designed to strengthen the home country through agriculture and economic exploits through the participation in international trade and exploitation of new lands, among other resources for capital profit in competition with rivals primarily under inter-capitalist rivalry for capital accumulation. They were particularly important in the economic development of capitalism (Ferguson, 2003; Getz and Heather, 2010). This paper seeks to establish if slavery and/or colonialism shaped modern societies and if so, in what ways. In consideration of the contribution and influences of slavery and colonialism in shaping modern societies, industrial capitalism, which consequently undid the dependence on slave trade, the gradual economic change, and the cumulative effect of consequent economic and political developments have significantly shaped modern societies in the global arena (Getz and Heather, 2010). It obtains therefore that in the long term slave trade and colonialism contributed to the development of capitalism which has resulted in the continued dominance of international trade and politics, given their strong economies and political maturity. Consequent impacts of slavery and colonialism ventures on modern societies include: unequal social relations and racial inferiority; neo-colonial dependency; distorted economies as well as massive poverty, particularly of the colonies, especially in Africa. In positive light, the pursuits of slavery and colonialism created effective conduits for commerce both at sea and on land with improved infrastructure and technological progress, as well as in the spread of languages, literature and cultures which has contributed to modern day globalization (Henry and Sangeeta, 2004; Ferguson, 2003). The modern capitalist economic system Capitalism is basically an economic system in which investment of capital (or money) is used to produce profits. Factors of production such as land, communications, factories and transport systems are privately owned by either individuals or corporations trading in a ‘free market’ whose main feature is competition (Hobsbawm, 1999). Historians debate the contribution of slave trade and colonialism to modern economic development with some having the view that the capital required came from within through industrial development. However, others argue that these predominantly commercial pursuits, driven by rivalry in the quest for capital accumulation and imperialism (international dominance), were the essential components in the development of the globally dominant capitalist economy (Cooper, 2005; Henry and Sangeeta, 2004). The industrial revolution and economic growth The processing of raw materials and profits from plantations sourced from colonial territories and produced predominantly through slave labour gave rise to industrial development and the creation of employment, increasing general prosperity and significantly enhancing the economies of the Western nations (Eltis and Engerman, 2000; Ferguson, 2003). The industrial revolution was backed significantly by the easing of credit facilities of new industrialists suffering from the lengthy turnover time with credit offerings which are a vital factor. This was enabled by offerings from the success and profits from ventures and principally, financial bills backed by plantation products like sugar and tobacco which became a form of money and went into circulation, filling the absence of sufficient credit and lending institutions required for industrial development (Eltis and Engerman, 2000). Through this set of events, it is clear that slavery and colonialism led to the development of the modern capitalist economy. The industrial revolution and profits obtaining from the exploits of this era were substantial with the recipients becoming very rich and gaining power in the political and social spheres, thereby challenging the dominance of monarchies at the time (Rud?e, 1972). Growth in capitalism led to the emergence of economic institutions which provided security to property rights and to the broader society enhancing investments. These institutions were also the result of the development of political institutions which served to constrain the power of the monarchies and allied groups (Rogowski, 1989; Hobsbawm, 1999). Through this, Britain and France, which were farther ahead in economic development ushered in industrial development and parliamentary democracy with attendant liberties, structures and processes which exist and serve the modern society globally to this day (Ferguson, 2003). Globalization and migrations Other benefits and significant impacts that this trade and commerce has had on societies today include improved infrastructure, technological progress, and the opening up of territories around the globe which have been fostered by capitalist democracies; as well as the spread of languages, literation and culture internationally (Hobsbawm, 1999). These have been significant in fostering globalization. Most manufacturing towns and cities, trade routes and sea ports that were developed during this era are still in service in international trade. Also noteworthy is the fact that travel and migrations have resulted in changes in ethnic compositions of countries, particularly those of colonisers and colonies such as the Americas (Getz and Heather, 2010). Racial inferiority, dependency and distorted economies There are however significant negative impacts that these developments have had which are evident in modern societies including unequal social relations which result in racial inferiority; neo-colonial dependency; massive poverty; and distorted economies among others (Getz and Heather, 2010; Henry and Sangeeta, 2004). The dominance of Western nations in the global economy as established through these exploits and organized under capitalism has resulted in inequalities among nations and peoples across the globe. This is enhanced by imperialistic tendencies and neo-colonial dependency characteristic in the relationships of colony states with their colonizers, as well as neo-colonialism (Gallaher et al, 2008). This has resulted in unequal social relations globally and racial inferiority, which in part are consequences of massive poverty and distorted economies in most former colonies. This is illustrated in the neo-colonial dependency of colony states to former colonizers which still exists in modern societies and the distorted economies. When one society finds itself forced to relinquish power to another society, it finds itself in a form of underdevelopment, a subordination that continues to be felt in modern societies (Gallaher et al, 2008). This can in part explain the fate of African and Caribbean states which are characterised by massive poverty and socio-psychological disorientation. Underdevelopment has led to social stratification and geographic disparities due to the belief and perceptions of peoples, such as those of the developing world as being racially inferior to the better-endowed peoples of the Western world. Generations of descendants from slavery continue to be affected by prejudice and bigotry and limited opportunities (Getz and Heather, 2010). Conclusion The view that slavery and colonialism has shaped modern societies has been elucidated and the ways in which this influence has occurred has been discussed. It is considered that the capitalist economic system of the modern world arose from exploits associated or resulting from slave trade and colonialism which has led to the economic divide between the Western world states with those of the colonised, especially the African states. This has led to neo-colonial dependency, social stratification and geographic disparities which have resulted in perceptions of racial inferiority characterized by prejudice, bigotry and limited opportunities. References Cooper, F., 2005. Colonialism in Question: Theory, Knowledge, History. Eltis, D., and S., Engerman, 2000. â€Å"The Importance of Slavery and the Slave Trade to Industrializing Britain.† In: Journal of Economic History, 60, 123-144. Ferguson, N., 2003. Empire: How Britain Made the Modern World. London: Allen Lane. Gallaher, C. et al., 2008. Imperialism/Colonialism: Key Concepts in Political Geography, Sage Publications Ltd. p. 5 (GIC). Getz, R., and Heather S., (eds.), 2010. Modern Imperialism and Colonialism: A Global Perspective. Henry S., and R., Sangeeta, 2004. A Companion to Postcolonial Studies. John Wiley Sons. p. 271. Hobsbawm, E., 1999. Industry and Empire: From 1750 to the Present Day, New York: The New Press. Rogowski, R., 1989. Commerce and Coalitions: How Trade affects Domestic Political Alignments, Princeton; Princeton University Press. Rud?e, G., 1972. Europe in the Eighteenth Century: Aristocracy and the Bourgeois Challenge, Cambridge MA; Harvard University How to cite How Slavery And Colonialism Have Shaped Modern Societies, Essay examples

Workplace Happiness free essay sample

Dwayne Greene October 18, 2006 Professional Studies: Ethics Issues Professor Tom Russell Position Paper 1: Workplace Happiness Abstract: Explores how various philosophers clarified questions concerning happiness. Specific questions address: What is happiness? Does everyone experience the same level of happiness in the workplace? Traces the history of happiness, by illustrating the meaning of happiness. Demonstrates several views of philosophers including Aristotle, Stuart Mill and St. Augustine on happiness. Observation of Christianity position revolving happiness. Obtaining happiness at work, and how Job satisfaction hould be at the top of the list. Introduction As the New Year of 2007 approaches, many will celebrate the New Year by wishing others Happy New Year. Even the popular 90s song was titled Dont Worry be Happy addressed happiness. Most have experienced the Joy of the moment; rather, the beauty of the sunset or a great tasting meal. Then, what is happiness, does everyone experience the same level of happiness. Yet few would equate the passing pleasures of the moment with happiness. For employees, work is an important domain of life and feelings of satisfaction at work are of obvious mportance in living a good life. For employers, too, employee satisfaction has significant benefits. Happier employees tend to take fewer sick leaves, are less often absent, have lower turnover rates and are more committed. By tracing the history of happiness, examining the views of influential philosophers and by probing the meaning of happiness, the following discussion will explore the revolving questions of happiness related to workplace satisfaction. Literature Review Over the past 30 years there has been a significant volume of writing in social science literature relating to happiness at work. Much of it is concerned with working hours, stress, expectations, Job characteristics and social recognition. Some scholars have undertaken research into the relationship between happiness, work and leisure. With the topic of happiness, what is the real meaning of happiness? Why does happiness have such a profound affect on Job performance? What is the driving factor behind happiness? One must begin evaluating previous philosophers to strong view on happiness. However, there are other philosophers, such as John Stuart Mills who go against an encouraging view of happiness. Mills, view tacked the onnection between possession of natural things and happiness. This discussion will illustrate various positions of happiness related to the workplace. Working lives are not Just a means to pay bills and to get the most out of our time and effort. There are other important aspects to the experiences of work, such as contentment and enjoyment. Consideration by work force administrators should be given to how people can be happy with their work. This is extremely important because work is a very significant facet of most peoples lives. Position In order to fully appreciate the challenge of clarifying happiness, one must nspect the word, happiness. The ancient Greek word for happiness is eudaimonia, which is related to eutychia (lucky), olbios (blessed) and makarios (blissful). The meaning of all these terms signifies good spirit or good god. In colloquial terms, to be eudaimon was to be lucky in a world of constant disorder. To have a good spirit working on ones behalf was the ultimate mark of good fortune. In a world governed by supernatural forces, human happiness was a spiritual force from the gods, beyond ones control. However, when viewed through mortal eyes, the worlds happenings and thus happiness could only appear randomly. Although, this meaning held true to Greeks, other philosophers challenged the meaning of happiness and the worthiness of happiness. Most are familiar with the paragraph of the Declaration of Independence. We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. This phrase was reminiscent of a similar phrase by John Locke. Locke, however, did not use the word happiness; he spoke of life, liberty, and the pursuit of property. Locke declared that property was the greatest of the three qualities. Although, personal well-being may involve ownership, something was more important than property in the achievement o f lifes goals. Ancient agreements discussed the nature of happiness rarely failed to notice the connection between virtue and happiness. However, ancient agreements recognized that happiness was the byproduct of something else and not something to be sought for. For the Greek philosopher Aristotle, happiness was impossible without virtue. Aristotle contended that behavior is the largest single factor in determining happiness. Furthermore, he argued that happiness was an incidental experience resulting upon pursuing what is good and true. One of the places in which Aristotle speaks of happiness is The Politics, where he is discussing his best form of government. He wrote, Now it is evident that the form of government is best which every man, whoever he is, can act best and live happily. Reminiscent of Plato, Aristotle distinguished among external good, goods of the body and goods of the souls. Likewise, the happy man must have all three. External goods come of themselves, but the most important goods are those who ust be cultivated. For example, no one is fair by chance. According to Aristotle, with those who are most highly cultivated in mind and in character, and have only a moderate share of external goods, than among those possess external goods to a useless extent, but are deficient in higher qualities. Happiness is the outcome of steady moral behavior tied with a life of the mind, an intellectual life, and a contemplative life in which one seeks knowledge. All moral or intellectual virtues are long-lasting habits that are gradually acquired by repeating the same acts. Furthermore, a virtue, rather intellectual or morally, is a good habit, that is acquired through use and practice. There are habits of the intellect, such as science and wisdom, and good habits found in the will, such as Justice and courage. Aristotle believed that each person has Just so much happiness as he has excellence and wisdom, and these do not depend on external goods. Furthermore, Aristotle addressed the connection between friendship and happiness. Friendship is desirable at all stages of life. However, friendship is not an essential ingredient of happiness. Happiness remains bound to ones moral achievement to which friendship, bound to circumstances, contributes only incidentally. Establishing happiness relates to all relationships in the workplace. Although determinates of happiness in the workplace seem obvious. Jobs which provide intrinsic rewards such as challenge, meaning, variety and complexity are the most satisfying. On the other hand, some Jobs are repetitive boring, involve minimal skill, enjoy little social recognition, involve little feedback and comprise the completion of only part of the entire piece of work. These Jobs are less satisfying. After a person attains a certain level of income, additional income does not necessarily add to their overall happiness. Contrary to what some, money cannot always buy happiness, and satisfying work can be more important than financial compensation. John Stuart Mill supported the value of utilitarianism as a moral theory. Mill defined utilitarianism as a theory based on the principle that actions are right in proportion as they tend to promote happiness, wrong as they tend to produce the reverse of happiness. Mill defined happiness as pleasure and the absence of pain. He argued hat pleasure can differ in quality and quantity, and that pleasures that are rooted in ones higher faculties should be weighted more heavily than baser pleasures. Furthermore, Mill argued that peoples achievement of goals and ends, such as virtuous living, should be counted as part of their happiness. But happiness is not only independent upon reaching goals. Mill continued to argue that utilitarianism coincides with natural sentiments that originate from humans social nature. Therefore, if society were to embrace utilitarianism as an ethic, people would naturally internalize these standards as morally binding. Mill argued that happiness was the sole basis of morality, and that people never desire anything but happiness. He supported this claim by showing that all the other objects of peoples desire are either means to happiness, or included in the definition of happiness. Mill explained at length that the sentiment of Justice is actually based on utility, and that rights exist only because they are necessary for human happiness. The theory of utilitarianism has been criticized for many reasons. Critics hold that it does not provide adequate protection for individual rights, that not everything can e measured by the same standard, and that happiness is more complex than happiness and virtue. Similar to Aristotle, the Stoics identified happiness with a virtuous life, recognizing that happiness is not to be confused with a momentary or subjective feeling. A Stoic proverb stated Call no man happy until he dies because one who is apparently enjoying a good life may be doing so only temporarily; things may yet go wrong. A good life is a morally good life. The Stoic defers from Aristotle in the meaning of the word good. According to the Stoic, the possession of natural things was thought to be irrelevant to happiness. To live according to nature, was to recognize that mans rational nature directs him on some occasions to accept what is contrary to his primary natural impulses. However, Stoic philosophers, Cicero and Epitcteuts analyzed the question of how to ensure happiness despite what may happen to us, despite the unpredictability of luck. Where Aristotle left a least some room for the play of chance in determining happiness, Cicero and Epictetus attempted to rule out the influence of chance altogether. If the man of virtue is the happy man, they argued, then the man of perfect virtue should be happy come what ay. Happiness is a function of the will, not of external forces. Cicero concluded that even the most extreme physical suffering should not prevent happiness of the true Stoic stage. Happiness will not tremble, however much of happiness is tortured. On the other hand, a Christian view point, represented by Saint Augustine, drew upon Aristotle, Mill and the Stoics, St. Augustine asked, Why are so few men happy when all want to be? It is by living rightly that men merit a happy life. Happiness and unhappiness are a mater of reward and punishment. T hose who live a virtuous life are those who are happy. Furthermore, those who lead a life of intellect in pursuit of truth and wisdom will experience happiness. St. Augustine linked the happy life with freedom. This happy life illustrated that the desire for worldly goods is superseded by a desire for truth and wisdom. Like, Plato, Augustine affirmed the significance of education. The highest good must be known to be pursued, but mere knowledge alone is not enough, the will must be rightly directed. Another Christian philosopher, Aquinas, expanded more than Aristotle. Aquinas wrote, the ultimate happiness of man consists in the most perfect contemplation, he object of which is God, the highest intelligible thing that can be contemplated in this life. Beyond this happiness there is still another which we can look forward in the future, whereby we shall see God as He is. This is beyond the nature of any created intellect. (2) In the Christian explanation, happiness was death. Therefore ones imagination could be set free to reflect in the delights of the kingdom of God and fantasize the total fulfillment that would Justify ones earthly pains. In heaven, the happiness of paradise would be eternal, endless and complete. Additionally, there are three categories of happiness. First, the pleasant life consists of smiling, feeling good and being cheerful. The problem with the pleasant life is that not everyone can experience this type of happiness. However, everyone can experience the second form of happiness, the good life. The good life consists of knowing ones strengths and reorganizing ones life to use in work, love, and friendship. The third level, the meaningful life consists of identifying ones signature strengths and them using them in the service of something bigger than ones self. But, one does not have to be conventionally happy to achieve it. For example, Lincoln eaningful life. No matter how refined, the notion of human happiness is not a simple notion that could provide a criterion for making key choices. There are too many different conceptions of happiness and too many different modes in which happiness may be achieved. The happiness associated with one way of life may not be that associated with an entirely different mode. Happiness may consist of recognizing that one cant always be happy. However, work place happiness can be practiced and mastered by applying the philosophies of Aristotle, St. Augustine, Aquinas and the Christian movement.