Strategic Management
3rd Edition
ISBN: 9781259420474
Author: Frank T. Rothaermel The Nancy and Russell McDonough Chair; Professor of Strategy and Sloan Industry Studies Fellow
Publisher: McGraw-Hill Education
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Chapter 3, Problem 2MS
Summary Introduction
Case summary:
The case deals with the outsourcing of the job. IT programming jobs are being outsourced to Country I for many years. However, recently, accounting function have begun to outsource to Country I due to a large number of technically trained and English-speaking workforce. The tax returns completed in Country U were 25,000 in 2013 and 1.6 million in 2011. Medical tourism for medical treatments was raised. In 2016, 14 million patients were traveled from one country to another country for medical treatment.
To determine: The industries that offer job opportunities in the future.
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The qualities needed to make businesses competitive are changing in the global economy, and Human Resources play a critical role in this process. Businesses must make their decisions make sense financially but also strive to balance financial goals with what is best for their employees and customers.
Examine the costs and benefits of a company managing the following factors:
· Absenteeism
· Training
· Productivity
· Turnover
· Employee diversity (including gender, age, race, education, experience, disability, religion, sexual orientation, or ethnicity)
Based on this information, respond to the following questions:
· What are the direct costs?
· What are the indirect costs?
· How are these elements measured?
· Are the programs instituted created voluntarily by the company or initiated for legal requirements?
· What steps are necessary to determine if managing each factor makes financial sense?
Present any applicable program examples you may have to support your…
What opportunities do you see as a result of the changes in our nation’s workforce?
Note: Both demographics and diversity will serve to drive the future workforce structure. How these factors are integrated into the overall business base will determine the ultimate outcome. Your opinion is a valued approach to a viable solution for future managers.
QI.
The construction sector plays a significant role in the economy towards achieving the
inspiration to be a developed country. However, the Malaysian construction industry is
currently depressed by the low-wage and low productivity trap due to substantial
reliance on low-skilled workers. Figure 1 shows the construction average in the
Malaysian construction industry of 2021. Based on Figure 1, explain the factors that
contributes to the differences in salary value in the construction industry.
salaryexplorer.com
100%
Almost everyone earns
11,300 MYR or less
75%
of employees earn
7,570 MYR or less
Salaries Distribution
Malaysia
Construction / Building 7
Installation
* Aa ortiy sabar
50%
of employees earn
3,880 MYR or less
25%
of employees
earn less than
2,490
Figure 1. Construction Average Salaries in Malaysia 2021 (Sources: Salary Explorer)
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