MMH352-Assessment Tasks-T1, 2019 XXXXXXXXXXDeakin's Bachelor of Commerce and MBA are internationally EPAS accredited. Deakin Business School is accredited by AACSB. MMH352 – International Human...

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MMH352-Assessment Tasks-T1, 2019 Deakin's Bachelor of Commerce and MBA are internationally EPAS accredited. Deakin Business School is accredited by AACSB. MMH352 – International Human Resource Management T1, 2019 Written Assignment 1 DUE DATE AND TIME: Week 7, 11:59pm AEST Wednesday 17 April 2019. PERCENTAGE OF FINAL GRADE: 40% HURDLE DETAILS: No hurdle requirement Learning Outcome Details The following table outlines the unit learning and graduate learning outcomes: Unit Learning Outcome (ULO) Graduate Learning Outcome (GLO) ULO 1: Examine globalisation trends, strategies and impacts of multinational companies (MNCs). GLOs 1, 2, 4, 8 ULO 2: Compare and contrast cultural and institutional factors of different countries that influence the operation of international HRM of MNCs GLOs 1, 2, 4, 8 ULO 3: Analyse the operation of leadership development, recruitment and selection, and compensation systems in an international context. GLOs 1, 2, 4, 8 ULO 4: Critique the meaning, instruments and regulation of corporate social responsibility. GLOs 1, 2, 4, 8 The aim of this written assignment is for students to achieve ULO1, ULO2, and obtain GLOs 1, 2, 4, 8. Assessment Feedback: Students who submit their work by the due date will receive their marks and feedback on CloudDeakin by Wednesday, 08/05/2018, 11:59PM. Page 2 of 5 Description / Requirements Global forms of work have become a common feature for multinational corporations (MNCs) nowadays. As the phenomenon of global work forms an integral part of international business (IB) and human resource management (HRM), it is important for MNCs to understand and manage the complexity of globalisation trends that would impact on their design and development of global work and their overall international business activities, which should be largely supported by their international HRM strategies – that is, a set of internally coordinated policies and practices per se adopted by either headquarters and subsidiaries of MNCs located in home and host countries. Furthermore, uncertain global economic and political outlooks (e.g. Brexit; refugee migrations; changing governments), together with cultural and institutional differences between home and host countries, have created many challenging for MNCs to manage their global work and diverse employee groups across borders. In this assignment, you are required to examine and evaluate the international HRM strategies adopted by one of successful Australian multinational companies in the banking industry, AUSSIE Bank (fictitious). AUSSIE Bank has been commonly known in Australia for its ‘service delivery excellence’ achieved via a number of effective HRM practices such as 1) encouragement of building autonomous work teams that allow for discretionary decision making when dealing with customers directly; 2) high levels of employee participation in managerial decision-making as a means of encouraging genuine employee commitment towards achieving organizational objectives; 3) flexible work arrangement practices to allow employees with reasonable degree of work-life balance, and job/life satisfaction; and 4) collaboration with the Finance Sector Trade Union (FSTU) to facilitate potential employee grievances being aired openly and dealt with expediently. AUSSIE Bank has recently planned to expand its international business operation to Brazil. Your task is to conduct an analysis on how current globalization trends may have impact on developing AUSSIE Bank’s international HRM strategies, and assess whether cultural and institutional differences between Australia and Brazil could have impacted on the firm’s development and implementation of its key human resource management strategies for its subsidiary operating in Brazil. As a result of your analysis, you are required to produce a cohesive written essay, which should focus, nonexclusively, on addressing the following questions: 1) How would the current development of globalization trends impact on the Australian firm’s ability to design and develop the different forms of global work to support its international expansion and business development? Page 3 of 5 2) What are the main regulatory and cultural differences between Australia and Brazil that would likely challenge the choice of the Australian firm to select and manage their employees within the banking industry in Brazil? In particular, would these differences likely create issues with reference to employee relations management, work design, pay and benefits, and other working conditions for employees inside Brazil and those in Australia? 3) Is it feasible for the Australian firm to transfer the aforementioned HRM practices effectively applied in Australia to provide exceptional banking service delivery equally to the subsidiary in Brazil? In your analysis and attempt to address the-above questions you should draw on authoritative sources to support your arguments and analysis. What counts as ‘authoritative’ are peer-reviewed journal articles, scholarly texts and research books, mainstream media, employer associations, trade unions, and public institutions with an interest in the management of labour or the regulation of workplace relations in Australia and Brazil. You should not offer personal opinions or rely on personal experience. Nor should you refer to internet blogs, vanity sites and similar, recognisable by their having no legitimacy in representation and no authority accountable to public, political or academic review. Please also note the following: - Adhere to the word limit of your essay within 3000 words (plus or minus 10%, EXCLUSIVE of the reference section). Any assignment content over or below the limit will not be examined. - There is no requirement or recommendation as to the number of maximum sources that should be cited. However, as a common rule of thumb, a minimum of citing at least 10 references is required to write an essay of 3000 words. - This is NOT a group assignment. - Double-space your work, as it makes the text easier to read for the examiner. - Papers that use no citation will attract an automatic zero mark. Resubmission is not an option. - Papers that have no reference list will also attract an automatic zero mark. Resubmission is not an option. - Papers that do not apply correct citation format will be marked down. If you are unsure of how to cite sources used to develop arguments in university level essays, you should consult the resources made available in the ‘writing essays’ folder on this unit’s CloudDeakin web-site. Examiners will allow some leeway for minor errors if a genuine Page 4 of 5 attempt to apply a correct citation format is evident. Note: For Bachelor of Commerce core units: Students must correctly use the Harvard style of referencing. - Papers that apply citation to mask plagiarism will be automatically referred to the Academic Progress Committee, as will all cases of plagiarism. If you are unsure of what constitutes plagiarism, you should consult the resources made available in the ‘writing essays’ folder on this unit’s CloudDeakin web-site. - The expected format of the assessment task is a standard university ‘essay’ (i.e., opening with an introduction, followed by a body of content setting out the arguments, finishing with a conclusion summarising the key points). Please refer to the marking rubric attached at the end of this document to understand the assessment criteria of your written assignment. Submission Instructions Please upload and submit your written assignment on CloundDeakin, under the folder named as “MMH352-T1 2019-Written Assignment Submission Folder”, no later than Wednesday 17 April 2019. You must keep a backup copy of every assignment you submit, until the marked assignment has been returned to you. In the unlikely event that one of your assignments is misplaced, you will need to submit your backup copy. Any work you submit may be checked by electronic or other means for the purposes of detecting collusion and/or plagiarism. Turnitin is also provided on CloudDeakin so you can check your work against the similarity report initially under draft box. When you are required to submit an assignment through your CloudDeakin unit site, you will receive an email to your Deakin email address confirming that it has been submitted. You should check that you can see your assignment in the Submissions view of the Assignment dropbox folder after upload, and check for, and keep, the email receipt for the submission. NOTES • Penalties for late submission The following marking penalties will apply if you submit an assessment task after the due date without an approved extension: Page 5 of 5 - 5% will be deducted from available marks for each day up to five days; - work that is submitted more than five days after the due date will not be marked. You will receive 0% for the task. - 'Day' means working day for paper submissions and calendar day for electronic submissions. The Unit Chair may refuse to accept a late submission where it is unreasonable or impracticable to assess the task after the due date. • For more information about academic misconduct, special consideration, extensions, and assessment feedback, please refer to the document Your rights and responsibilities as a student in this Unit in the first folder next to the Unit Guide of the Resources area in the CloudDeakin unit site. • Building evidence of your experiences, skills and knowledge (Portfolio) Building a portfolio that evidences your skills, knowledge and experience will provide you with a valuable tool to help you prepare for interviews and to showcase to potential employers. There are a number of tools that you can use to build a portfolio. You are provided with cloud space through OneDrive, or through the Portfolio tool in the Cloud Unit Site, but you can use any storage repository system that you like. Remember that a Portfolio is YOUR tool. You should be able to store your assessment work, reflections, achievements and artefacts in YOUR Portfolio. Once you have completed this assessment piece, add it to your personal Portfolio to use and showcase your learning later, when applying for jobs, or further studies. Curate your
Answered Same DayApr 11, 2021MMH352Deakin University

Answer To: MMH352-Assessment Tasks-T1, 2019 XXXXXXXXXXDeakin's Bachelor of Commerce and MBA are internationally...

Sourav Kumar answered on Apr 16 2021
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Q1) How would the current development of globalization trends impact on the Australian firm’s ability to design and develop the different forms of global work to support its international expansion and business development?
Current trend in globalization has impacted most of the business(Aldrighi,2010), some in positive way, negative ways and some both ways. In today’s world the first and most important aspect for a company is to be open minded and work for the customer. Their primary motive is to increase their product visibility by listening to the customer and ma
ke products that will help the customers in their motives. As said by Gandhi “Customer are our Gods”, All the business and organizations work towards the same objects.
Globalization is the procedure of combination and communication among individuals, organizations(Arizpe,2000) and governments around the world. As a perplexing and multifaceted marvel, globalization is considered by some as a type of entrepreneur extension which involves the incorporation of neighborhood and national economies into a worldwide, unregulated market economy. Globalization has been at the top because of advances in transportation and correspondence innovation. With the expanded worldwide connections comes the development of global exchange, thoughts, and culture. Globalization(Tomlinson,1999) is essentially a monetary procedure of connection and joining that is related with social and social perspectives. Be that as it may, clashes and strategy are likewise expansive pieces of the historical backdrop of globalization, and present day globalization.
Aussie bank of Australia(Rahman,2009) also follows the same policy. Their products are very easy to understand and good to invest in. They provide hassle free loans and mortgages to the customers on their demands. Over 1000 brokers are spread across Australia to help the customers. This policy applied to brazil, in expanding their(Solnik,1974) market will help to gain a good momentum. Brokers are well trained to handle customers and the same done in brazil would expand their brand in no time. Brazil follows open culture and diversity among their employees. One thing unique about their culture is that the employees don’t question their managers. It is the kind of hierarchy there and their policy.
Technology advancement is the second major improvement as well as challenges for the companies. Aussie Bank uses modern day software’s updating them on the requirements of the company. This might be challenging as according to needs software’s are customized, gaining this experience and providing it to all the employees of the company will help them in finishing most of the task when interacting with customer. During expansion some upgradation can be made such as, creating app for the people to find brokers across Brazil, teaching all the brokers about Brazil economic, finance, geographic etc. trends, maintaining data across brazil, these all will be a forward step towards growth.
Economically Australian global market is experiencing positive impact and is thriving due to changes in globalization. The market is more free and attracting customers from all parts of the country. This has changed the lifestyle and culture of the people. Brazil market is also a free market which welcomes business from around the globe. Cost of setting he business in international markets have been high and increasing day by day. A strategical planning method needs to put in action to enter the competitive markets of brazil. Brazil economy(Brainard,2009) has grown in recent years due to globalization and economic changes. Trade liberalization is the most important step in inviting other countries to set up business and trades in their country. Due to this they have also engaged into international politics through their open minded approach.
Social impact of globalization has been in favor of customers and their demands. The changes happening has created an open opportunity in front of the people of brazil to experience policies(Céspedes.2006) and product from the bank of Australia. People are investing their money and in return they are getting good benefits. Aussie bank has to be geographically very clear about the properties and set up a team of members across brazil to investigate and gather around properties that can help them to show their customers the vacancies. Providing loans at their door step without much hassle just by their identity verification, will be a great boost to their vision of welcoming more and more customers.
Labor and cost of implementing the strategy and setting up sites for offices will also be a challenging task. Globalization has impacted this in a vast manner which has drastically improve the methods and strategies. Bringing in employees and labors from different regions as well as using countries labor for the development is an ethical task from the view of brazil’s culture. People are welcoming and banks from different countries will enable them to know about international markets with a different perspectives and also invest their money to gain better profits in the near future.
These change in strategies will impact the growth of the organization in near future. Maintaining a sustainable development plan to penetrate markets under the mentioned policies by the government and focusing on the customer aspects and demands will enhance the work flow and increase in revenue for the company. It is very much important to analyze the data and work parallel to the current development and needs. Working towards customer satisfaction, training the employees for every event, planning a hierarchy to improve the performance of employees and also innovate ideas.
Q2) What are the main regulatory and cultural differences between Australia and Brazil that would likely challenge the choice of the Australian firm to select and manage their employees within the banking industry in Brazil? In particular, would these differences likely create issues with reference to employee relations management, work design, pay and benefits, and other working conditions for employees inside Brazil and those in Australia?
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