Sunday, May 24, 2020

Cultural Brief of Taiwan - 2283 Words

INTRODUCTION POLITICAL, LEGAL, AND TECHNOLOGICAL ENVIROMENT HOFSTEDE’S DIMENSIONS Geert Hofstede is a Dutch researcher who identified five dimensions of culture to help understand how and why people from various cultures behave the way they do. The five Hofstede’s cultural dimensions are power distance, uncertainty avoidance, individualism, masculinity vs. femininity, and time orientation. Taiwan has a high power distance meaning that people blindly obey the orders of their superiors, and strict obedience is found. Taiwan ranked high in uncertainty avoidance meaning that the people do not like uncertainty and tend to have a high need for security and a strong belief in experts. In individualism Taiwan ranked as a low individualistic†¦show more content†¦Ã¢â‚¬Å"Guanxi† is another term related to the connections and types of relationships Taiwanese use to conduct business. Businesses are conducted among friends, friends of friends, family, and people of you r own level or higher statues. This concept is believed to open doors, smooth problems, and open more connections. Taiwan’s religion is based on the â€Å"three teachings†; Confucianism, Taoism, and Buddhism. Each religion has its own temples, priest, and sacred texts, but most people practice a blend of the â€Å"three teachings† referred to as popular or folk religion. Family is very important in the Taiwanese culture and one thing that brings family together every day is food. Dinner is the most important meal of the day because it reinforces family relationships. The exchange of food means equality and people of higher ranks are never invited to dine at one’s home. Fish the favorite food, and food is mostly cooked in soups, stews, and deep fry. Taiwan is famous for its tea and it can be found in almost every corner of Taiwan. Tea is the most famous drink because it is considered stimulating, conducive to conversation, and beneficial to health. EXPECTA TIONS REGARDING DRESS APPOINTMENTS Taiwanese are very punctual and they expect to be always on time for an appointment. They are very easy in scheduling appointments and the best way to set an appointment is by telephone or email. Most firms have business hours from 9AM to 5:30PM Monday to Friday, so contact them betweenShow MoreRelatedEssay on Sealed Air Taiwan Case Analysis1493 Words   |  6 PagesCase Summary: The central issue Sealed Air Taiwan is currently facing is how to determine if the newly hired, Paul Huang, can produce the necessary sales results and whether he fits the mold for his position as sales manager. Historically, Sealed Air Taiwan was struggling with both stagnant sales and high operating costs. The branch was not adapting well to the Sealed Air’s established business model and there were even talks of shutting the branch down. Bob Kayser was brought in to turnRead MoreEthnographic Interview1520 Words   |  7 PagesEthnographic Interview: Taiwan Culture Experience 1 Ethnographic Interview: Taiwan Culture Experience Vntge Jayne Clark Atlanta University Communication Cultural Diversity, Professor Howell March 14, 2011 2 PRECONCEPTIONS Culture is defined as the traditions, customs, norms, beliefs, values and thought patterning passed down from generation to generation (Jandt 2010). The world consists of many different cultures. InRead MorePolaris Securities Co. Ltd1676 Words   |  7 PagesPolaris Securities Co. Ltd has experienced substantial growth in the countries of Taiwan and Hong Kong. This document will review a case created around Polaris Securities and the strategies behind its success. This review will contain a synopsis of the case, a brief history of the company as well as identify some key issues in the terms of generic strategies that the company used. The document will define the problem with their strategy and what would or would not work accordingly. An analysisRead MoreBig Four9878 Words   |  40 Pagescommunicated. It reveals the challenges faced by Western managers in telling Eastern managers they need to improve their performance. The case is about cross cultural management and organis ational structure and control. It offers a fascinating insight into the Board Room of one of the world’s leading consulting firms. Key Words Cross-cultural management Organisational structure and control Management consulting firms East versus West perceptions on strategy Biography Peter Massingham, PhD isRead MoreExecutive Summary. Our Team’S Goal Is To Research And Analyze1135 Words   |  5 Pages7-Eleven Japan (SEJ) and other regional 7-Elevens are owned by the massive conglomerate SEVEN i holding Co., Ltd. Our team will discuss a brief history of SEI and SEJ, analyze their respective mission statement, dissertate various veteran friendly initiatives, highlight top officers and their impact on the company and how the business addressed various esoteric cultural differences in global markets. We, as a group, will conduct the following; look back in the history of this company and its humble beginningRead MoreEconomic Development Of Hong Kong931 Words   |  4 PagesGlobalization is manifesting itself as a result of colonial processes. The effects of Hong Kong’s colonial history are still present as it is not its own independent city-state and currently has semi-autonomous rule under mainland China. After giving a brief history on colonial Hong Kong, I will be focusing on the Sino-British Agreement of 1984 and its subsequent effects on the city’s decolonization process, including democratization, economic development, and decolonization of the education system asRead MoreEssay On A Filipino Doing Business In New Zealand1032 Words   |  5 Pagesthe family car and thus becoming the foundation of Gallagher Power Fencing Company are always in our minds. The vision is to have the perfect business but in order to achieve this one has to face the tasks of having to manage people from diverse cultural backgrounds. The author, presented with this problem, would like to address this by doing a critical self-reflection. A few tests were taken including but not limited to, the SCARF (acronym for Status, Certainty, Autonomy, Relatedness and Fairness)Read MoreGlobalization Brings Opportunities And Challenges1394 Words   |  6 Pagesboth opportunities and challenges. Discuss It might not be the first time that you hear about what is called globalization, but you have never thought what does it exactly means and what are its elements because it is not easy to be defined .In a brief summary, Three main elements are involved in the process of globalization which are the people, companies, and governments of different countries in which they unite or collaborate together to be able to trade different objects or materials internationallyRead MoreEssay about Japanese Business Market1297 Words   |  6 PagesJapan would require an analysis of its cultural and economic environment. The Japanese market is considered to be the world’s most lucrative market. The biggest problem is how to get into it. Japan is known throughout the world for its economic successes, yet Japanese society remains an enigma to many outside its borders. The analysis conducted in this paper will present the positive and negative aspects of opening a in the Japanese market. Brief History Japan, an island country is aRead MoreTesco Entering in China1244 Words   |  5 Pages1) What is the case talking about in brief: The case focuses on the entry and expansion strategies of Tesco in the Chinese market. The Chinese retail sector offered huge opportunities for international retailers with the average annual growth in the last 20 years being around 15%. Tesco entered China in 2004, after several successful Asian ventures including Thailand, South Korea and Japan. The Chinese market was a very different market in terms of tastes and preferences from the other markets that

Thursday, May 14, 2020

Fiscal Policy On Employment, Potential Gdp, And The...

In Foundations of Macroeconomics Seventh Edition by Bade and Parkin, chapter sixteen is titled Fiscal Policy. There are three objects for the chapter. The first object is to be able to â€Å"describe the federal budget process and the history of tax revenues, outlays, deficits, and debts†. The second object is to â€Å"explain how fiscal stimulus is used to fight a recession†. The third objective is to â€Å"explain the supply-side effects of fiscal policy on employment, potential GDP, and the economic growth rate†. The federal budget has two main reasons it was created. The first is to fund the activities of the federal government. The second was and still is to attain macroeconomic objectives. In order to create the Federal Budget, the President of the United States is to propose a budget for the next year to Congress by each February. Next, the House and Senate proceed to go back and forth to determine a series of spending acts and overall budget. Afte r everything is determined Congress will then pass the budget in September. The President then can sign the acts into law or veto the entire bill because he does not have the ability to veto certain parts of the act. The way to determine the government’s budget balance is to subtract the outlays from tax revenues. If the tax revenue is equal to the outlays, there will be a balanced budget for the government. If the tax revenue is less than the outlays, there will be a budget deficit for the government’s federal budget. If theShow MoreRelatedMacro Economics - Business Cycles1410 Words   |  6 Pagesââ€" º The value of real GDP over time shows periodic fluctuations in its movement ââ€" º The business cycle refers to the periodic fluctuations of economic activity about its long term growth trend ââ€" º The Business cycle is the more or less regular pattern of expansion (recovery) and contraction (recession) in economic activity around the path of trend growth. ï‚ § At cyclical peak, economic activity is high relative to trend ï‚ § At a cyclical trough, the low point in economic activity is reachedRead MoreThe Economic Crisis Of The United States1084 Words   |  5 Pagessay that the US economy is climbing out of the recession and becoming more stable. Yes,the economy is changing, the unemployment rate is getting better, the GDP is showing a positive increase and the inflation rated is currently at 1.7% which are all indicators that the economy is getting better. Yet, the Fed’s need to monitor the economy because there can be a potential bounce back into recession with the problems in the Middle East, Russia, and elsewhere in the world which can greatly affect theRead MoreMonetary Policy And Fiscal Policy1178 Words   |  5 Pagesbut is still majorly involved in economic decisions. The government plays a critical role in providing economic conditions where the marketplace can function effectively. Any decisions made are in order to either maintain the market or stabilize the economy during a financial crisis. Monetary policy and fiscal policy are two tools b y which government uses to guide the economy. Sometimes the economy is challenged with both inflation and unemployment at high rates. Macroeconomics breaks down the entireRead MoreDo Fiscal and Monetary Policy Stimulate the Economy? Essays1467 Words   |  6 Pages Constant changes in market economies make it nearly impossible to maintain a constant level of economic activity. Fluctuations are the heart of market economies; market economies cannot exist without them. These fluctuations can be described as the business cycle, and like every cycle there are a series of events that construct these phases. The business cycle consists of three phases, expansion (until peak point is reached), a decreasing point into recession, and a rebound from recession to recoveryRead MoreFiscal Policy And Its Effects On Economic Growth1260 Words   |  6 PagesFiscal policy is a tool that is used by the government to correct fluctuations in the economy. Fiscal policy involves the government manipulating the level of government expenditure and/or rates of taxes to affect the level of aggregate demand (Sloman and Sutcliffe, 2001, p.633). The business cycle is inter-linked with this policy as it illustrates the short-term increase and decrease in the economy, note d as periods of recession and expansion. The idea of fiscal policy is simple when the economyRead MoreThe Limitations of Monetary Policy Essay1184 Words   |  5 PagesMr. Emanuel, in the current economic climate, the Obama administration’s course of action has been to pursue aggressive countercyclical fiscal policies designed to prevent further economic deterioration. Critics of these policies argue that: 1. The current fiscal stimulus is ineffective and has done little to create new jobs at a significant cost. 2. Monetary policy is a more effective lever to reduce unemployment and smooth the business cycle, due to its shorter implementation lag and abilityRead More Use of Monetary Policy and Fiscal Policy During The Great Recession1110 Words   |  5 PagesHow can monetary policy and fiscal policy greatly influence the US economy? Keynesian economics says, â€Å"A depressed economy is the result of inadequate spending .† According to Keynesian the government intervention can help a depressed economy through monetary policy and fiscal .The idea established by Keynes was that managing the economy is a government responsibility . Monetary policy uses changes in the quantity of money to alter interest rates, which in turn affect the level of overall spendingRead MoreDifference Between Aggregate Demand And The Price Level1747 Words   |  7 Pagesvarious exogenous events will have on two variables: real GDP and the price level. This model shows the importance of the importance and effect of the aggregate demand on the overall economy. The government through its fiscal policy and the federal bank through its monetary policy try to influence aggregate demand to influence the overall economy. For example, an increase in the nominal money stock, as a result of monetary expansion policy, leads to a higher real money stock at each level of pricesRead MoreEconomic Growth Out of Recession616 Words   |  3 Pagespoint the economic activity was reasonable in 2008, but the economy overtaken by a financial problems that could improve the economic weaknesses. The economy was recovered in mid of 2009. GDP has been in a stable path since then, although the jump has been unequal and slowed down in 2011. The high rate of long term unemployment and the labor rate has decreased the labor market. In the paragraphs below, I’m going to define the fiscal policy and explain how it could resolve the economic paths in the Read MoreEconomic growth845 Words   |  4 Pagesï » ¿Economic Growth Economic growth is the percentage increase in real national output in a given time period or the increase in the productive potential of the economy. Countries grwo at different rates, this is partly due to the fact that they are at different stages of their economic cycle. The economic growth for the UK is at 0.2%. The main measure of output is gross domestic product (GDP). GDP is the total value of goods and services produced in an economy during one year. Economic growth

Wednesday, May 6, 2020

Test Critique Eating Disorder Inventory - 1353 Words

Test Critique: Eating Disorder Inventory Angelic Mayers Stephen F. Austin State University Test Critique: Eating Disorder Inventory The Eating Disorder Inventory was developed in 1983 by David M. Garner, Marion P. Olmstead, and Janet Polivy but was officially published in 1984. The original Eating Disorder Inventory assessment was created for the sole purpose of evaluating the â€Å"psychological and behavioral traits common in anorexia nervosa and bulimia† (Garner, Olmstead, Polivy, p.15, 1983). The researchers wanted to develop yet another instrument aimed at eating disorders because the previous instruments were only used for inpatient clients or intended for the behavioral aspects of anorexia nervosa in particular. The researchers felt that bulimia was not being accounted for in previous assessments and that the depth of these disorders was much more complex than the previous assessments were exploring. They felt that they needed to develop an instrument to measure various other traits in order to properly treat individual s with eating disorders. The EDI is a personality assessment instrument and it is primarily used in a clinical setting to determine the potential presence of an eating disorder in a client (Garner, Olmstead, Polivy, p 173, 1983). The Eating Disorder Inventory can be administered to any individual that is 12 years old and over. The norming group for this particular assessment was adults and adolescents with disorderedShow MoreRelatedA Critique on the Thesis1383 Words   |  6 PagesA Critique on the Thesis: Shirley, C.C.S. (2004) The Relationship among Eating Attitudes, Slimming Behaviors and Perfectionism in a Non-Clinical Population, Hong Kong University e-theses data base This paper is to critique a thesis titled The Relationship among Eating Attitudes, Slimming Behaviors and Perfectionism in a Non-Clinical Population by Shirley, C.C.S. (2004).This thesis can be found on the database of Hong Kong University. This report mentions the slimming pheromone in Hong Kong, andRead MoreAnalyzing Sheet And Mark Appropriate1770 Words   |  8 Pagesindicates 67th to 99th percentile, with T score of less than 56 is an indication of frequent thoughts and behaviors related with binge eating (Garner, 2004). If the raw score is ranging anywhere between 5 to 18, which is 25th to 66th percentile, and a T score equaling from 42 to 45, then this is an indication of thoughts and behaviors consisted with binge eating (2004). At last, if the final score is less than or equal to 4, which is 1st to 24th percentile, with T score of less than 41, it indicatesRead MoreRelationship Between Personality And Obesity1609 Words   |  7 Pages(BMI) and adiposity (waist and hip circ umference). We describe how obesity is the second leading controllable cause of death next to smoking. Many variables contribute to the rising percentage of obese individuals such as lack of exercise, unhealthy eating habits, and even genetics; shifts in food quality, food quantity, and availability to healthy foods also plays its part in maintaining weight control. Obesity also leads to numerous health issues like type 2 diabetes, cancer, cardiovascular diseaseRead MoreThe Revised Bdi Test Review.Doc5525 Words   |  23 PagesREVISED BECK DEPRESSION INVENTORY Testing and Assesssment: Comprehensive review of the revised Beck Depression Inventory (BDI-IA) Daniel Beaulieu McGill University The Revised BDI (1993) Publication Dates: 1961-93 Authors: Aaron T. Beck and Robert A. Steer. Acronym: BDI-IA Price Data, 1994: $46 per complete kit including 25 record forms and manual ( 93, 24 pages); $25.50 per 25 record forms; 22.50 per manual Introduction The revised Beck Depression Inventory (BDI-IA), introducedRead MoreSentence Completion Test5817 Words   |  24 Pages Sentence Completion Tests: A Review of the Literature and Results of a Survey of Members of the Society for Personality Assessment Margot Holaday, Debra A. Smith, and Alissa Sherry Department of Psychology University of Southern Mississippi Test usage surveys consistently find that sentence completion tests (SCTs) are among the most popular personality assessment instruments used by practitioners. What is not noted is which SCTs practitioners are using, why these tests are so popular, and whetherRead MoreOcd - Symptoms, Causes, Treatment131367 Words   |  526 PagesA. Clark. p. cm. Includes bibliographical references and index. ISBN-10: 1-57230-963-6 ISBN-13: 978-1-57230-963-0 (hardcover: alk. paper) ISBN-10: 1-59385-375-0 ISBN-13: 978-1-59385-375-4 (paperback) 1. Cognitive therapy. 2. Obsessive–compulsive disorder. I. Title. RC489.C63C57 2004 616.85†²2270651—dc22 2003020283 To my parents, Albert and Ardith, for their support and encouragement About the Author About the Author David A. Clark, PhD, is a professor in the Department of PsychologyRead MoreStatement of Purpose23848 Words   |  96 Pageshelp you write a more effective statement of purpose. Consider the following comments and suggestions: ï‚ · Determine the weight your readers give to the personal statement relative to test scores and GPA. In one study conducted at a large university, 90% of science and technology respondents felt more objective measures—test scores and grades—were most important Ohio Wesleyan University Writing Center  © 2011 Page 1 and used the statement of purpose for borderline decisions. However, of liberalRead MoreFundamentals of Hrm263904 Words   |  1056 PagesTerms 51 52 HRM Workshop 49 Guarding Against Discrimination Practices 65 DID YOU KNOW?: Is a Problem Brewing? 66 Determining Potential Discriminatory Practices 66 The 4/5ths Rule 66 Restricted Policy 66 Geographical Comparisons 67 McDonnell-Douglas Test 67 Responding to an EEO Charge 67 Business Necessity 68 Bona Fide Occupational Qualifications 68 Seniority Systems 68 Selected Relevant Supreme Court Cases 69 Cases Concerning Discrimination 69 Cases Concerning Reverse Discrimination 71 ETHICALRead MoreLogical Reasoning189930 Words   |  760 PagesVenn-Euler Diagrams................................................. 379 Aristotles Logic of Classes ............................................................................................................... 379 Using Venn-Euler Diagrams to Test for Invalidity ....................................................................... 385 The Logic of Only in Class Logic...................................................................................................... 395 Review of MajorRead More_x000C_Introduction to Statistics and Data Analysis355457 Words   |  1422 Pagescurrently writes a column for Stats magazine. Chris graduated from Iowa State University with a major in mathematics and, while acquiring graduate degrees at the University of Iowa, concentrated on statistics, computer programming, psychometrics, and test development. Currently, he divides his duties between teaching and evaluation; in addition to teaching, he is the assessment facilitator for the Cedar Rapids, Iowa, Community Schools. In his spare time he enjoys reading and hiking. He and his wife

Tuesday, May 5, 2020

Essentials of Human Resource Management System

Question: Discuss about the Essentials of Human Resource Management System. Answer: Introduction: Human Resource Planning has emerged as a challenging task to the HRM in the globalized area of business. Globalization has brought ample of options to the organizations for expanding its expertise to a broader part of the world. However, it has also put the HRM into enormous kinds of pressure for maintaining a peaceful workplace activity in organizations. Some of the issues that have tested the skills of the HRM are issues related to high turnover, skills shortages, tight labour market, ageing population, diversity and many more. These are some of the most important factors, which have put a sounding pressure on the HRM to balance it to the fullest of possibilities. The aim of the essay is to give the HRM some effective ways to bring productivity in its practices through the help of effective strategic planning, resource based view etc. Effective Strategic HR Planning is a challenging task for the HRM, which has put several pressures on its shoulders for several of reasons such as diversity, ageing population, skills shortages, high turnover, tight labours and many more. However, it has become necessary for the HRM to rejoin the hands of collaboration with the SHRM to put forth the resonant reply to the problem (Aswathappa 2013). SHRM is the group society for the international HRM management, which prepares skilled HRM through several ways such as education, certification courses, thought leadership, community and many more. It is the worlds biggest society for the HRM, which operates in not less than 165 countries. For nearly the last seven decades, it has been serving the service to prepare the excellent HRM personals across the globe. It has almost 575 affiliated chapters in the United States of America. It also has its subsidiaries in some other parts of world such as China, India and United Arab Emirates. HRM i s a group in organizations that are engaged in managing human resources. It has come into existence to provide excellent work output from employees (SHRM, 2017). The globalization has not only brought the multinational companies of different parts of world close to one another but it has also enhanced the challenging level for the HRM to maintain the several kinds of diversity in the organizations. One of the most popular problems of this segment is the ageing population of employees, which has created ample of pressure on some countries such as Singapore (Stredwick 2013). In Singapore, the ageing population of baby-boomers have created several pressures on the HRM to find out the alternate options for the highlighted problem in the coming future. This is one of the problems that globalization has put forward. Another problem of the globalization is the tight labour rules, which are more threatening go organizations in China. In China, the minimum wage standard is very high that makes it one of the toughest destinations to have a high profit margin. The cost of raw materials is comparatively cheaper in China; however, the high labour cost is a constraint on the foreign companies (Banfield and Kay 2012). Diversity is one of the most challenging tasks ahead of the HRM in the globalized era of business. To understand the problem, it is necessary to understand the types of employees, which are certain because of globalization in companies. For a Company, which goes to the foreign nations after being inspired by the globalization, it has to have employees from three locales such as host nation, parent nation and third country nation. The assimilation of three countries at one place for the purpose of business do put ample of pressure on the HRM to mitigate the cultural diversity related problem (Bratton and Gold 2012). To mitigate the rising challenges in front of the HRM, it has to undergo some kinds of restructuring to meet with the changing demand of the stakeholders. The high labour costs are unmanageable but an alternate solution can provide the solution for the organizations as it is serving for the Walmart in China. Walmart has no manufacturing centres in China as it depends on the export done from the China, which makes this cost effective and free from any anti-union activities. Cultural diversity is one of the major problems ahead of the HRM, which comes into picture once a company plans for an offshore operation of it. It is not feasible to send all the existing employees to the offshore destination. On contrary to this, some are selected and sent to the offshore locations. However, the local applicants fill up the rest of the positions. This is where the assimilation in between the local residents and the employees of parent Company happens. The management is aware of the importance of the assimilation but the same level of understanding is not feasible to the employees also. It becomes necessary for the HRM to train employees on the cultural awareness, which is helpful for a cooperative work at the workplace (Brewster and Mayrhofer 2012). HR planning and project management is a rising concern for the Global HRM, which has put the HRM under several kinds of pressure. The importance of the HR planning can well be understood in the example given in the attached link, which is on the Queensland Rail Disruptions: Annastacia Palaszczuk furious over 100 cancelled trains in Brisbane (Budhwar and Debrah 2013). The incident that was highlighted through this link is about the cancellation of 100 trains because of drivers shortages. The new line of Redcliffe Peninsula did witness the cancellation of hundred trains because of unavailability of trained drivers for the new line. The main issue, which was highlighted with the help of the link, is about the shortages of trained drivers for the new line in the Queensland. It was a big project, which needs to be taken with utmost care of skills and qualities. However, it cannot turn around as per the expectation. Ms Gluer did feel that the ignorance to the training for the staffs has re sulted in this performance related glitch (ABC News, 2017). It gives some important clues to the HRM for mitigating the rising threat of issues because of the globalization. The rising trend of globalization has put immense pressure on the HRM to maintain a balance relationship in between staffs of diverse cultures. The above example did prioritise the importance of staffing and training, which is of utmost importance for the HRM (Tiwari and Saxena 2012). Training is undoubtedly one of the most effective tools for inducing job relevant skills into employees. For the irrespective of the professionals, training is compulsory to put their focus on the project requirement. A big project such as Queensland Train Service to a new line needs an utmost care of the HRM on its selected employees with the use of necessary tools. Training is arguably one of the most effective tools in mitigating the staffing problem and training the skills. Apart from skills, cultural awareness into employees is another important aspect for the HRM, which might also disr upt the working environment because of cultural conflicts (Harris 2012). Cultural awareness does also require some kinds of effective training on it. The diverse culture of employees of host nation or a third party nation needs to be aware of the cultural values of the parent country. Before they start their job, they need to set up their mind for the acceptance of diverse culture of employees (Tyson 2014). It would help them in adjusting and compromising with the cultural diversity. However, geographical influence is the one important factor that acts as a retarding agent in the way of cultural understanding. It never let one realize about the importance of the assimilation of different cultures at the workplace. It does not allow them thinking on the matter of cooperative workforce. This is where the HRM appears as it can well try to induce the required cultural awareness into diverse culture of employees. Communication needs to be faster between the management of the parent country and the host country. Customers are more result oriented, which they wa nt to be delivered in real time. For this to make happen, the communication in between the management of the parent and the host country needs to happen in real time to meet with the demand of the customers. Sustenance is only in meeting the demand of customers in quick succession of time (Hendry 2012). The Resource Based View is such an important tool that helps in preserving the short run competitiveness for a log run of the organization. It is about identifying the existing strengths of the firm and evaluating the effectiveness of the resources for mitigating the issues of the HRM because of the Globalization (Wilton 2016). RBV supports a fact that qualities and characteristics that are rare in the organization and can never be imitated by its competitors are the best to achieve a sustainable growth in the firm. The rising problem because of the globalization has put several pressures on the management to be in the race of competition. It supports the fact that firms are needed to identify its unique resources. Moreover, it is more effective to preserve the identified unique resource than for going to the some new resources. These resources are something that is unique for other firms, which is more important for a competitive advantage in the market (Sparrow, Brewster and Chung 2016). It is more important to engage into a continuous development program on the available competitive resources. This is because of the fact that switching to some new skills might not work for the firm. The Queensland Train cancellation example does represent a better example of understanding the fact. The failure was happened because of the ignorance on the staffing and training part of the management. It simply reveals a fact that identifying ten existing potentiality of a firm is more important than to just switch to something new. The new thing might have potentials in it to bring all joys to a firm but it can never guarantee of producing a resonant performance outcome. As per Resource Based View, it is more effective to identify the existing capabilities of the firm and then rely on the identified strategies to achieve a sustainable performance of the firm. The concept did also help in identifying that not all the resources of a firm have the potential to put forward a resonant res ult. It is necessary to identify the potential resource of the firm to help the management implementing the skills to attain the maximum competitiveness in the market (Stahl, Bjrkman and Morris 2012). The resource-based view again emphasises on the importance of training, which is necessary to train the existing and the new employees on the unique capabilities of the firm. Training is the one important tool that can help the HRM in inducing the skills related to the identified capabilities of the firm into the employees. Apart from giving training on the organizational capabilities, it is also necessary for the organization to identify the right set of skills for a particular project. The cancellation of 100 trains in the Queensland does support the fact that employees were untrained on driving skills for the new line. The HRM did not realize the importance of staffing and training. RBV is focussed on a sustainable approach of the firm that according to the principle can only be achieved if it utilises the unique resources of the firm. Moreover, these resources add values to the firm, which can never be imitated by its competitors (Storey 2014). Human resource management needs to be flexible with the changing nature and demands of customers. To an organization, HRM is a valuable asset that provides a solution to the staffing problem. However, the role of the HRM does not end here, it rather becomes bigger and bigger with the changing demands of customers and the globalization effect. Some of the rising issues have already tested the international HRM for putting up counter solutions for the problem. However, it is becoming a strain on the HRM to find out a sound solution for the problem. Issues such as cultural diversity in employees, labour costs, skills shortage and many others are a collection of pressures for the HRM. The resource-based view did try to give a solution to the human resource by emphasizing the importance of identifying the unique capability of the firm and they rely on the same to attain the competitiveness in the market. It is applicable to some extent as it brings uniqueness in the management; however, i t becomes necessary to consider also some of the established institutional thoughts for mitigating the solution. Training and professional development plan is by far the best possible weapons in the hands of international HRM for minimizing the rising issues to the maximum of possibilities. References ABC News. (2017). 'I want answers': Palaszczuk furious over rail disruptions. [online] Available at: https://www.abc.net.au/news/2016-10-23/annastacia-palaszczuk-furious-over-queensland-rail-disruptions/7957862 [Accessed 31 Mar. 2017]. Aswathappa, K., 2013.Human resource management: Text and cases. Tata McGraw-Hill Education. Banfield, P. and Kay, R., 2012.Introduction to human resource management. Oxford University Press. Bratton, J. and Gold, J., 2012.Human resource management: theory and practice. Palgrave Macmillan. Brewster, C. and Mayrhofer, W. eds., 2012.Handbook of research on comparative human resource management. Edward Elgar Publishing. Budhwar, P.S. and Debrah, Y.A. eds., 2013.Human resource management in developing countries. Routledge. Harris, M.M. ed., 2012.Handbook of research in international human resource management. Psychology Press. Hendry, C., 2012.Human resource management. Routledge. SHRM. (2017). About SHRM. [online] Available at: https://www.shrm.org/about-shrm/pages/default.aspx [Accessed 31 Mar. 2017]. Sparrow, P., Brewster, C. and Chung, C., 2016.Globalizing human resource management. Routledge. Stahl, G.K., Bjrkman, I. and Morris, S. eds., 2012.Handbook of research in international human resource management. Edward Elgar Publishing. Storey, J., 2014.New Perspectives on Human Resource Management (Routledge Revivals). Routledge. Stredwick, J., 2013.An introduction to human resource management. Routledge. Tiwari, P. and Saxena, K., 2012. Human resource management practices: A comprehensive review.Pakistan business review,9(2), pp.669-705. Tyson, S., 2014.Essentials of human resource management. Routledge. Wilton, N., 2016.An introduction to human resource management. Sage.