Causes of a Problem of Haier Essay Example | Topics and Well Written Essays - 1000 words - 11

Causes of a Problem of Haier - Essay ExampleThese systems were very successful regarding the Chinese culture of management but since the companionship wants to increase its global installed base there is a question on how it is going to achieve it by following the aforementioned(prenominal) human resource management practices. These atomic number 18 the following increase of employee internal arguing by implementing an internal ranking of employees. Employees are judged by all performance dimensions and they have to complete their tasks the same day and have continuous self-assessments. Each employee is almost an independent profit center so entrepreneurship is developed. Managers are also continuously appraised like employees and both are given chances to improve their performance by providing luxuriant training. A talent pool inside the company is also created. Haier has followed a product diversification system i.e. it has expanded to 86 different product categories. It is d oubtful if Haier can pursue the same following schema since product expansion requires heavy coronation. Then the second part of its strategy was product innovation to box markets i.e. developing products for specific market segments. Under careful consideration, this is a strategy that can be chased at the current moment. globalization which is the third component of the strategy is expanding to other countries in all aspects i.e. production, alliances and so forth Globalization can also be limited for the time being since it requires heavy financial investment when it comes to building new factory sites that can be quite risky at this period of time. Globalization demands also understanding foreign cultures so it requires further research on this issue. The fourth component was marketing initiatives that emphasized product quality and market research.