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Abhishek Mishra IHRM ASIMCO Assignment
Abhishek Mishra IHRM ASIMCO Assignment
company as follow: Restructuring: deal with power struggles, effective use of operating control Relation with political parties Growing talent from within: Create unique management culture Create new vision: with 3 component Core values, Core purposes & Goals. Development & implementation of management tools: Incentive compensation: Reward according to increase equity Quarterly general managers meeting Training Performance management The leadership development programme (Acceleration group) Commitment & Trust
IHRM
Issues
that
Political skills, rather than management skills, were honed in these SOEs. They were neither trained to market products nor exposed to competitive practices in the global marketplace.
These managers had wide discretion in running firms and were more willing to take risks. ASIMCO had negative experiences with these entrepreneurs. Those managers whose only experience was with a SOE tended to be highly bureaucratic, while managers of privately owned companies tended to be uncontrollably entrepreneurial and wereless loyal.
3. Can the ASIMCO model be adopted by all MNC companies? Kindly support your answer with reasons. Ans. This ASIMCO model is different than the US, UK or
Japan. ASIOMCO model is only for to develop in China. Some of the factors can be adopted by other MNC. If we talk about other MNC companies in China which have adopted this model shows speed up in localization process. Learning from ASIMCO model mainly is Competitive advantages of group System of fast tracking future leadership
To take care of problems can arise due to localization are: New leaders might not be enough skilled & able to decision making to respond to quickly to the market. If they did fail, it could be demoralizing for the next generation. Another issue is search for competent people. With the speed & momentum of reform, demand for competent personal is greater than the supply. So success need continues motivation & retention of the employees.