Personnel Management (PM) and Human Resources Management (HRM) is not new to most of the organization today. In fact‚ PM and HRM commonly confused by most of us. People like Armstrong‚ M even stated that HRM is similar with PM‚ just a change in the name or it is perceived as ‘old wine in a new bottle’. Let’s explore what are the similarities and differences between PM and HRM‚ in order to find out whether the statement quoted by Armstrong is true or agreeable. Besides‚ we are going to look into
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Multinational companies are giant firms with their origin in one country‚ but their operations extending beyond the boundaries of that nation. For reasons of marketing‚ financial and technological superiority‚ these multinationals are generally considered as a sine qua non of the modernisation of an economy. They have been responsible for the rapid economic liberalisation in India in 1991‚ the question of the entry of multinational corporations (MNCs) has assumed significance. Multinationals
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Celia Aquilante-Rivera FIN630-1104A-07: Global Financial Management Managing Multinational Operations Individual Project 4 October 30‚ 2011 Abstract According to data collected by Doing Business‚ starting a business there requires 14 procedures‚ takes 38 days‚ costs 3.5% of income per capita and requires paid-in minimum capital of 100.4% of income per capita China’s new corporate income tax law unified the tax regimes for domestic and foreign enterprises and clarified the calculation
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CAPITAL BUDGETING FOR MULTINATIONALS 13.1 INTRODUCTION Although the original decision to undertake an investment in a particular foreign country may be the outcome of combination of strategic‚ behavioural and economic considerations‚ choice of a specific project within a particular product-market posture calls for evaluation of its economic feasibility. For this purpose‚ capital budgeting exercise has to be done. A firm should deploy funds in a project if the marginal revenue obtained there from
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Research Essay (2) Describe the different employee selection methods and specify which work best for different jobs. Employees form the basis of a successful organisation and the abilities and behavior of employees can vary the performance of an organisation significantly. Due to the fact that respective jobs require specific sets of skills or attributes‚ selections are essential in ensuring that the most suitable candidates are hired. Selection refers to the process of assessing candidates by various
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the business cycle within Shanghai in February 2013. Firstly‚ this essay will argue whether the Human Resource Department of Samsung will adopt an ethnocentric‚ polycentric‚ regiocentric or geocentric recruitment and selection strategy. Secondly‚ this essay will outline the selection criteria for determining as who will be selected for the new CEO position within Shanghai. Thirdly‚ this essay will propose the leadership style and traits that the appointed CEO must obtain. Fourthly‚ this essay will
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The Process of Supplier Selection 1 Introduction In today’s competitive society more and more businesses are realizing the impact purchasing has on their profit (van Weele‚ 2005:XV). According to van Weele (2005:4) “most companies today spend more than half of their sales turnover on purchased parts and services”. As this is a shocking amount‚ it is not surprising companies have special purchasing departments to handle this crucial and often complicated process. One of the most important and
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relation ship with other disciplines relationship of accounting with other disciplines role of accountant in society conclusion CHAPTRE TWO: MULTINATIONAL CORPORATIONS Introduction 1-1what is multinational corporation definition M.C history M.C M.C options 1-2 Definitionale Problems Firm‚ Entreprise‚ Company‚ or Corporation Transnational‚ Multinational‚ or Global 1-3 Current size‚ Nationality‚ and Sectors Size Nationality and Transnationality Industrial Sector Concentration
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chapter 1 People management: personnel management and human resource management i n tro d u c t i o n Good managers are not only effective in their use of economic and technical resources‚ but when they manage people they remember that these particular resources are special‚ and are ultimately the most important assets. People are the only real source of continuing competitive advantage. Good managers also remember that these particular assets are human beings. le a r n i ng ou tco m e
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MANAGEMENT SELECTION PROCESS PRESENTED BY‚ K.DEEPANRAJ. Selection Process: Employee Selection is the process of putting right men on right job. It is a procedure of matching organizational requirements with the skills and qualifications of people. Selection is the process of choosing from among the candidates from within the organization. The Employee selection Process takes place in following order: * Preliminary Interviews. * Application blanks * Selection process Tests
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