Hello ,
I am interested in getting a solution of the mentioned problem below. Look forward your response ASAP.
Thanks
MGMT6377 International HRM
Take-home midterm Exam
The Scenario:
Assume that you are the CEO of a small sized steel industry in the US and you want to decide on a location to manufacture steel in Asia or Europe. You have narrowed down your choices to four countries: Czech Republic, Italy, Korea, and Singapore. You have to make a final choice to narrow it down to one location.
Steel industry is a very capital intensive industry and also requires highly skilled labor. In order to produce approximately 1 million tons of steel per year, a company using state of the art technology available at that time may require about 400-500 employees in 2002. Technology also changes with time and hence, productivity increases. You have collected the following data about the four countries which are given in the charts below.
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Carefully study the charts. All of these charts give you (except Table 7) information about out per person, output per hour, total hours worked per year, average yearly hours worked, unit labor costs, and exchange rate fluctuations with 2002 as the base year. For instance, output per person employed in Czech Republic was 100 in 2002, in 2012, it is 204.4. What it means is that if someone produced 100 pounds of steel in 2002, in 2007, he/she would produce 165.8 pounds, in 2012 he or she would produce 204.4 pounds of steel. Table 7 gives you the cultural comparison on Hofstede’s dimensions. Table 1. Output per employed person in manufacturing, 2007-2012 |
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(Base Index: 2002 = 100) |
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|
Year |
Czech Republic |
Italy |
Korea, Republic of |
Singapore |
|
2007 |
165.8 |
106.6 |
142.8 |
120.0 |
|
2008 |
181.5 |
103.6 |
152.1 |
107.9 |
|
2009 |
168.2 |
90.8 |
153.2 |
107.9 |
|
2010 |
194.9 |
101.4 |
168.1 |
149.2 |
|
2011 |
206.2 |
102.9 |
172.5 |
160.3 |
|
2012 |
204.4 |
100.6 |
172.8 |
158.2 |
