Case Study on International Joint Business Ventures
Executive Summary
Attaining global competence when entering into international joint ventures, in order to be successful, is dependent on developing a strategic approach to Human Resource Management (HRM) that ties to Business Strategies and to the overall Organization’s mission, vision, goals and objectives. Through problem analysis of this case, this paper will show evidence that international initiatives must be tailored to implement HR policies and practices that will complement the workforce taking in consideration sensitivity issues internal and external to the home-country, cultural awareness and differences in standards such as education and diversity. It will be stated that remedies that would bring about organizational cohesion would include the development of an appropriate orientation program; ensuring that management takes advantage of Human Resources expertise in program delivery such as training and compensation; and to have an effective monitoring system in place that will enable the organization to become better at identifying and managing change. These adopted strategies have a purpose and a plan in moving this company from just being good to great.
In review of the evidence presented in the case analysis, it appears that Polska Pipe Works is following an International Growth Strategy that seeks to gain competitive advantage through joint venture and expectations that horizontal movement internationally will result in increase profitability. The strategy incorporated initially appears to be a multidomestic strategy that incorporates an Adaptive International Human Resource Management (IHRM) approach. This approach demonstrates that the Human Resource practices were developed solely by the Polish partners. This includes such practices as establishing the organizational structure, writing job descriptions, managing recruitment and selection as well as determining compensation and benefits. This aligns to the concepts that the
Attaining global competence when entering into international joint ventures, in order to be successful, is dependent on developing a strategic approach to Human Resource Management (HRM) that ties to Business Strategies and to the overall Organization’s mission, vision, goals and objectives. Through problem analysis of this case, this paper will show evidence that international initiatives must be tailored to implement HR policies and practices that will complement the workforce taking in consideration sensitivity issues internal and external to the home-country, cultural awareness and differences in standards such as education and diversity. It will be stated that remedies that would bring about organizational cohesion would include the development of an appropriate orientation program; ensuring that management takes advantage of Human Resources expertise in program delivery such as training and compensation; and to have an effective monitoring system in place that will enable the organization to become better at identifying and managing change. These adopted strategies have a purpose and a plan in moving this company from just being good to great.
In review of the evidence presented in the case analysis, it appears that Polska Pipe Works is following an International Growth Strategy that seeks to gain competitive advantage through joint venture and expectations that horizontal movement internationally will result in increase profitability. The strategy incorporated initially appears to be a multidomestic strategy that incorporates an Adaptive International Human Resource Management (IHRM) approach. This approach demonstrates that the Human Resource practices were developed solely by the Polish partners. This includes such practices as establishing the organizational structure, writing job descriptions, managing recruitment and selection as well as determining compensation and benefits. This aligns to the concepts that the