Gap Analysis: Riordan
Global markets create opportunities for businesses, but simultaneously generate difficultchallenges. The different cultures in the international market can produce conflicts becauseappropriate behavior in one country may be inappropriate for another. Riordan Manufacturing(Riordan) is a multinational company operating in the United States and China (University of Phoenix, 2010). The CEO, Michael Riordan, wants to expand the Hangzhou facility after aprofitable year (University of Phoenix, 2010). The company does not have a personnelmanagement plan to address cultural issues to incorporate in an international managementapproach.International management applies management ideas, procedures, and adaptablemultinational practices to different environments (Hodgetts, Luthans, & Doh, 2005). Thecompany needs skilled workers and available labor is from Korea, India, and Pakistan in theHangzhou region (University of Phoenix, 2010). Riordan must rethink the current businessstrategy to include a personnel management plan that incorporates cultural sensitivityapproaches, scrutinize other challenges created by cross-border exterior environments, and revealrequirements management needs to perform in a global market to achieve growth, profitability,and sustainability in China.
Issue and Opportunity Identification
Riordan plans to hire from a diversified labor force but the different cultures need tointegrate to develop into a collaborative and respectful workforce. The company has theopportunity to create a personnel management plan that implements cultural sensitivity methods.Another challenge for Riordan is to ensure China is stable and the company is in compliancewith the laws and regulations for expansion and hiring foreign workers from the Hangzhou area.The company can research on the China¶s politics, laws, and regulatory procedures to ensureRiordan is in compliance. Riordan must consider investigating important requirements...