Training, development and careers in global context

  Helping expatriate employees’ deal with cultural shock Being an expatriate is one of the more unique jobs in our labor force. An  expatriate (or expat)  is someone who works in a foreign country, one where the person doesn't have citizenship. Expatriate assignments are a result of  globalization , which is the interaction of businesses operating in multiple countries. Many companies are relocating their employees and sending them on assignment to work in their overseas operations as expatriates. International assignments are often more complex than domestic assignments since they involve going to another country and work in a different culture. This is where training is helpful to best ensure the success of such assignments. Training develops expatriate‘s learning orientation and helps them to understand the culture of overseas destinations (Porter and Tansky, 1999).   Training helps expatriates to improve their current working behavior and skills. Develop...

  Learning and Development can create a competitive advantage Learning and development are vital for business success. The fast-paced and ever-changing business world needs training and development programs to keep up with new challenges. A competitive advantage is an advantage over competitors gained by offering consumers greater value, either by means of lower prices or by providing greater benefits and service that justifies higher prices. Competitive advantages give a company an edge over its rivals and an ability to generate greater value for the firm and its shareholders. Porter suggested four "generic" business strategies that could be adopted in order to gain competitive advantage. The strategies relate to the extent to which the scope of business activities are narrow versus broad and the extent to which a business seeks to differentiate its products. The four strategies are summarized in the figure below  ( Eldring, 2009). Figure 1: ( Porter, 1980...

  Managing Workforce Diversity     Workforce diversity is demonstrated in workplace settings as valuing the myriad ways that leaders, business partners, employees, consultants, trainees, volunteers, customers, and visitor groups are commonly viewed as being similar and dissimilar to one another in work environments (Scott, 2012) Managing workforce diversity implies creating an organizational climate in which a heterogeneous workforce performs to its best potential; without the organization favoring, dis-favoring any particular segment of workforce with a view to facilitating the best attainment of organizational goals. Managing Diversity is the process of creating an environment that allows all employees to contribute to organizational goals and experience personal growth. ( Riccucci,2018)   Followings are the features of workforce diversity management: (a)     Creation of an organizatio...

  CHANGING FACE OF INNOVATION IN GLOBAL CONTEXT   Innovation is a central driver of economic growth and development and generator of better jobs. It enables firms to compete in the global marketplace and to find solutions to technological and economic challenges. (Vincent,S.W-2012) It is hardly necessary to point out today how much things have changed. In advanced economies, mainly due to the increasing mobility of capital and globalization, the nature of competitive advantage for regions has shifted away from being based on endowments of natural resources towards focusing on the knowledge resources of a location (Schuller, T. & Desjardins, R. -2007) This focus on knowledge resources has been accompanied by a corresponding focus on more innovative service sectors in the economy as knowledge-intensive business services. By providing and transferring knowledge and skills to clients organizations are seen as ‘bridges of innovation’, acting as consultants and facili...