Hello! Need some help answering these question for my International Business cla

Question

Hello! Need some help answering these question for my International Business class

1. What are the advantages of the new SHRM approach? What must HRM do to be a true strategic partner of the company? If you were an HR manager, what steps would you take to minimize the outsourcing of jobs in your department?

2. How might a manager go about identifying the skills that the company will need in the future? How would you go about attracting and recruiting talented workers to your organization? Suggest ideas you would use to retain stars and keep them happy in their jobs.

3. What are IPRs, and why are they important? What are the four main types of IP? How does licensing relate to IPR? Would you do business in a country with poor IP protection? Why or why not?

4. Why are businesses interested in BOP markets? What are some examples of products developed to profitable serve BOP markets? What are some challenges of serving BOP markets?

Explanation / Answer

The companies that use SHRM are more profitable than those that are not.HSRM help fostering team building in a company. In this the employees are given a feeling that their opinion matters to the upper level management resulting in better working environment in the organization. Here employees are treated as important part in decision making. In order for HRM to be a true strategic partner they need to figure out the required set of skills that employees need for performing certain jobs. They need to do this working with management and finding potential employees to fill certain job positions...once the employees are hired the HRM needs to give them comprehensive training to develop their competencies to help organizations in achieving its goals and strategies more effectively..In order to make sure that HR DEPARTMENT jobs are not outsourced the employees must be trained so well that they completely understand how to lead the strategies to a particular goal of the organization. In order to attract and keeping young skilled employees the manager needs to identify new strategies and tactics such as creating an emerging leaders program, providing training for managers, and improving their employee recognition program. in order to retain star employees the company should Provide a Positive Working Environment, Recognize, Reward and Reinforce the Right Behavior, Involve and Engage them in major decision making in the company, Develop Skills and Potential through proper development programs, Evaluate and Measure through proper feedback and appraisal. Intellectual property rights are the protection of innovation, ideas and businesses. These include patents, trademarks, and copyrights. Consumers use IP to ensure they are purchasing safe, guaranteed products. Intellectual Property Creates and Supports High-Paying Jobs. These ensure products are authentic, and of the high-quality that consumers recognize and expect. IP rights incentivize entrepreneurs to keep pushing for new advances in the face of adversity. This process leads to new innovations and improvements on existing ones. A license is an agreement between you as the IP right owner and another party. It grants them permission to do something that would be an infringement of the rights without the license. IP can be “licensed-out” or “licensed-in”. You can “license-out” to another company in return for a fee. Licensing can broaden the reach of IP into different markets. No I would not prefer doing business where intellectual property is not protected. Otherwise my company would be at a risk of having unique ideas, products or services infringed upon, even if they are on the other side of the world, making intellectual property protection is more important than ever. BOP markets present companies with a new source of top line revenue growth, cost savings and innovation that can influence existing management practices. Businesses can alter the existing products by finding a way to produce the products cheaper so these products can be sold in this market. Even if there isn’t a large profit margin on a single sale the market, the large market that would consume the goods creates large consumption making the potential for an overall large profit. Some have come up with ways to develop profits on not just products but also services to help the local market. A doctor in India is able to do cataract surgeries on patients by standardizing the process. He does fifty surgeries a day with the standardization and makes a profit even though he charges very little and sometimes nothing. Many low-income people lack access to financial services as a result of the high transaction costs and complex logistics involved in reaching them. Technology companies are beginning to address these challenges through electronic transaction platforms, creating opportunities to serve low-income customers and bringing them benefits spanning convenience, efficiency, security, market access, and integration into the formal financial system

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