Setting Up Business Globally

Topics: Recruitment, Human resource management Pages: 3 (917 words) Published: March 18, 2016
Leon Prikhodovskiy
INBA Task 2

International Business “Task 2”

Based off of the previous assignment, “Task 1”, I learned a lot of key things when doing businesses internationally. He explained to me some of the major problems that he encountered when dealing with business in India and Ukraine. Also some key things he learned when doing business abroad, and lastly the importance of hiring consultants. According to all that information, I have decided to investigate on how to identify and recruit talents in Ukraine. To drive optimal levels of success, business leaders need engaged, high-performing employees. The key to inciting a workforce to greatness is to align your talent management with company strategy, define consistent leadership criteria across all functional areas, and identify specific to cultivate for continuing growth.  Some keys to success are to create highly skilled internal talent pools, break down information silos, and create a pay for performance culture. A critical element of a successful talent management is the generation of "talent pools" within a company. A reliable and consistent internal source of talent and a valuable piece of the succession planning process. The development of skilled talent pools makes it easier to develop desirable skill sets in a broader group of employees, resulting in higher performance across all levels and functions. By cultivating talent pools internally you are ensuring that you will have experienced and trained employees prepared to assume leadership roles as they become available. To drive success, business leaders must do whatever they can to overcome the organizational silos that prevent the flow of information throughout the organization. For companies to perform faster and with more flexibility, knowledge and experience must be readily available—or, even better, proactively delivered - to the right people at the right time. In many cases, the innovation required to meet a new...
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