Human Resources at the AES Corporation: The Case of the Missing Department discuss the effectiveness of AES’ approach to HRM‚ and make recommendations for the future. Table of Contents INTRODUCTION 4 ADVANTAGES OF AES’ APPROACH 5 CONCERNS 6 RISKS GOING FORWARD 7 RECOMMENDATIONS 8 CONCLUSION 9 APPENDIX 10 BIBLIOGRAPHY 11 INTRODUCTION AES’ annual results speak for themselves‚ financial data available‚ from 1991 to 1996 shows that
Premium Strategic management
Strategy AES distinguishes itself through developing new products and applications at a low cost. It is committed to social responsibility and empowering its employees through its four main principles which include integrity‚ fairness‚ social responsibility and fun. It is "different" from other corporations because AES is focused on retaining its core values and culture as the corporation expands in size. The company ’s sources of sustainable competitive advantage include technical leadership
Premium Human resources Human resource management
GRADUATE SCHOOL OF BUSINESS STANFORD UNIVERSITY S HR-3 FEBRUARY 1997 HUMAN RESOURCES AT THE AES CORPORATION: THE CASE OF THE MISSING DEPARTMENT Dennis Bakke‚ the CEO of AES‚ a company that develops‚ builds and operates electric power plants‚ sat in his office late in 1996 and thought about the question that was perennially posed to him: could AES‚ soon to have some 25‚000 people located literally all over the world following a recent purchase of power plants in Kazakhstan‚ continue to operate
Premium
AES-Telasi: Power Trip or Power Play? (A) It would take too long to explain why there was very little electricity and no heat in Tbilisi in the winter months….The reasons were so intertwined with Georgian networks of “patronage‚”‚ black hole‚ patchwork‚ and jerry-rig that it was impossible to separate sabotage (a strange and sudden fire at Gardabani‚ the country’s only thermal power station) from corruption (the bungling and greedy idiots as SakEnergo‚ the state energy concern) from non-payment (less
Premium Electricity generation Georgia Electricity distribution
AES- Telasi: Power Trip or Power Play? The state of Georgia’s geographic location provides resources‚ in particular hydroelectric power sources advantageous to their economic well-being. For this reason this post- communist state attracted the attention of AES‚ a multinational U.S. energy firm. More specifically‚ it caught the eye of Michael Scholey‚ a prospective investor and manager for AES. However‚ Georgia’s impoverished state and rampant corruption throughout the nation made the restructuring
Premium Political corruption Investment Risk
By doing so‚ Scholey wanted the AES-Telasi could have the same standard of other AES distribution operations. One of the key investments was meter household to link consumption. Consistent with the AES model of empowerment‚ line-level employees would be allowed to decide which investments were appropriate. II. Combating corruption. Started negotiating with a state-owned company that had a legal monopoly on the import of electricity from Russia. He knew the AES needed reliable supplies in order
Premium Georgia Thought Monopoly
Sunday‚ March 15‚ 2009 COST OF CAPITAL AT AES Evaluating the Historical Capital Budgeting Method Currently AES employs Project Finance Framework. Project finance tends to be used in projects with tangible assets with predictable cash flows in which construction and operating targets can be easily established through explicit contract. The key to AES projects financing lies with the precise forecasting of cash flows. In effect‚ the possibility of estimating cash flows with an acceptable
Premium Finance Weighted average cost of capital Debt
where performance is really an issue‚ symmetrical encryption is most often used. AES is a symmetrical encryption standard. The Advanced Encryption Standard‚ or AES is a specification for the encryption of electronic data established by the U.S. National Institute of standards and technology in 2001. It is based on the Rijndael cipher‚ and was developed by two Belgian cryptographers‚ Joan Daemen and Vincent Rijmen . AES is based in a design principlae known as a substitution-permutation network‚ and
Premium Cipher Cryptography
Advanced Encryption Standard (AES) Most of lecture slides by Lawrie Brown Origins clear a replacement for DES was needed have theoretical attacks that can break it have demonstrated exhaustive key search attacks can use Triple-DES – but slow‚ has small blocks US NIST issued call for ciphers in 1997 15 candidates accepted in Jun 98 5 were shortlisted in Aug-99 Rijndael was selected as the AES in Oct-2000 issued as FIPS PUB 197 standard in Nov-2001 AES Requirements private key symmetric
Premium Cipher
#1. AES’ organizational structure can best be classified as a non-bureaucratic‚ flat organization structure with the key goal of empowerment of individuals to run their respective areas for the common good of the whole organization. The honeycomb design described in the case evidences a variety of pods or families with a team leader where each family of 10 to 20 individuals work on specific functions in a plant. For example‚ beneath the plant manager you have a number of functions such as the
Premium