P3, P4, P5, P6, Globalization and Influence

Rationale In our working lives, we are often required to research a topic, gather information from multiple sources and use that information as the basis for a report on a specific subject. In this assignment, you will have the opportunity to practice this skill. Situation At the beginning of your research for the interview with H & M’s summer internship program, you envisioned a rather brief analysis of the company would be sufficient. However, you learned that H & M is one of the largest fashion companies in the world. You found evidence of the recent massive growth and expansion. Your interest in building a career with H & M has intensified; and, you believe a more in-depth approach to your research is justified. You need to address theories or models of structure, managerial leadership and the organizational culture of H & M in the global environment. Given the challenges created by the factory accident in 2013, you prepare for interview discussions related to ethics and the ability of H & M to attain their stated goal of paying a living wage by 2018. With the global expansion, you wish to determine how the leadership of H & M has accomplished their success and sustainability while addressing risk and diversification issues. You acknowledge the need to evaluate the key barriers of internationalization and the how they can be overcome these dynamic barriers. You wish to be prepared to evaluate and critique the key strategies adopted by H & M. Your presentation should address the following discussion points and questions: Evaluate how operating in a global market influences an organization’s structure, culture and functions a. Briefly explain the McKinsey 7S model of organizational structure. How does the global market influence H & M (or the company of your choice) in the context of this model? Use the McKinsey 7S model worksheet, provided on the Moodle class site, to assess current and future decision making, strategy and interconnected variables to effect meaningful change at H & M (or the company of your choice). b. Leadership’s governance of a global organization is a dynamic key to growth and profitability. Evaluate the sustainability department of H & M (or the company of your choice) and assess the influence of global market influences on strategic decision making. Describe the sustainability department at H & M (or the company of your choice), the goals and structure to provide leadership within the international environment. c. Evaluate the impact of globalization on markets, production and expansion in international companies. Evaluate the main elements of culture and their influences on business policies and practices. Using Hofstede’s Dimensions of Culture, evaluate how national cultural differences influence H & M (or the company of your choice). • From the MARKETS & EXPANSION section of H & M’s website, select one country targeted as new markets for H & M stores in 2017. In case you are using different company, select a country where the company can expand. • From the Geert Hofstede website/Tools/Compare Countries: Define the national cultural differences of this country targeted as this new market based on Hofstede’s 6D Model and evaluate the impact on H & M (or company of your choice) operations. d. A commitment to ethics is a key component to all international companies and a component of sustainable globalization. From the following topics, select two (2) concepts and evaluate the influence of these functions on H & M’s operations: • Anti-corruption • Industrial relations • Fair living wages • Employment policies and procedures • Human rights management • Diversity & equality • Responsible marketing