Wednesday, February 26, 2020

SLP2 THE FINANCIAL AND ECONOMIC ENVIRONMENT OF INTERNATIONAL BUSINESS Essay

SLP2 THE FINANCIAL AND ECONOMIC ENVIRONMENT OF INTERNATIONAL BUSINESS - Essay Example Therefore, it is pivotal for the company to ensure operations run smoothly amidst the political instability and economic problems afflicting the region. More often than not, peaceful protests and rallies lobbying for political reforms turn violent and destructive, as protestors adopt more extremist ideologies. For example, Venezuela has experienced 6,369 protests in the first six months of 2014, which were triggered by the escalating anti-government sentiments supported by the growing opposition faction (Shackman, 2014). Both public and private infrastructures get damaged during clashes between protestors and the police. Besides political instability, DirectTV faces other challenges while operating in Latin America, which include the imposition of price controls and the planned strategy by Latin American governments to update foreign exchange rules. Price controls adversely affect business operations, as they undercut fair competitiveness, a prime feature of the free market. For example, in Venezuela, price controls facilitate expropriations with a 30 percent cap on profits acquired (Avadhani, 2010). Foreign investors operating in hostile markets defined by unwarranted price controls shy away from committing to more investment opportunities. Conversely, Latin American governments are prone to updating foreign tax rules to further their personal interests. Therefore, foreign investors in the region are always wary of the foreign policies, as they might translate into adverse consequences for their businesses. In the case of Argentina, which ended the previous year with major challenges, as exemplifie d by long lasting blackouts in various major cities, the government struggled to contain social dissatisfaction on public security and prices of basic goods. This was likely to lead to heightened political and social polarization, with a high probability of industrial unrest. In order to safeguard itself against these

Monday, February 10, 2020

WORKING WITH AND LEADING PEOPLE Essay Example | Topics and Well Written Essays - 2750 words

WORKING WITH AND LEADING PEOPLE - Essay Example In that case, the retention, selection, as well as the recruitment process is imperative for every firm. In recruiting a new member, there is a need to have a different document, the firm must obey the statutory laws, and go beyond the sequential procedure of selecting (Bell 2012).The human resource department has the mandate to select the right people and prepare a document that details various rules as well as regulations. The management of the restaurant needs to prepare a document detailing various aspects such as the approval of recruitment. The concerned departments who require a new worker then send a draft, which has a description of the position and the necessary education as well as skills that are required. Subsequently, the draft is approved and sent to the HR department. The selection as well as recruitment process commences after the management gives an approval with regard to the request. The approval should have an electronic copy that has the advertisement as well as the copy of the draft. In the document, there is also the description of the position for which the restaurant needs to recruit new trainees. This is imperative for every firm since it cannot change the position after the advertisement of the post. It is also to be understood that the post needs to be approved by the management and should include the responsibility of the new staff (Dessler 2011). After the position description there is the advertising section, which needs to be approved by the director. Through the advertisement, the firm will get the right candidates and can be done using various channels such as the use of print media, open advertisement, or electronic means. The advertisement will also include announcement on the vacancy, the required competencies, and payment among others. The HR department will need to obey the legal procedures of advertisement (Bell 2012). In selecting an applicant, I would