China's Economic Relationship with the Unites States Research Paper

China's Economic Relationship with the Unites States - Research Paper Example As a matter of fact, it would not be an exaggeration in stating that there is hardly any developing economy that has displayed substantial growth without the assistance of an advanced country. The technological and commercial strength of a rich economy is more or less imperative for a developing country in realization of its full potential. In the contemporary global economic landscape, China is the leader amongst all developing countries in terms of registering the fastest growth rate. That the country (China) has established economic ties with various developed economies in no way takes away the credit from the committed endeavors of the Chinese Government. The government of China has been initiating many measures, some of which may not be pleasing to the country’s denizens. Nonetheless, these initiatives can be considered to be indispensable for the long-term prosperity of the country. This could be conveniently compared with an analogy that a bitter medicine, despite its repulsive taste, is imperative for the recovery of an ailing person. In fact, it is this very courage of the government in taking bold and concrete steps that is lacking in most of the other developing economies. In these regions there are numerous social, economic and cultural factors that have turned out to be serious impediments in growth -related pursuits. But as discussed earlier, the Chinese Government gives more importance to the overall growth and prosperity of the country, rather than concentrating on populist schemes that just please the citizens. That most of these measures jeopardize the long-term economic interests of the country warrants no special mention. The committed endeavors of the government, coupled with strategic alliances with prosperous economies have ensured that China now holds the number one position in all developing regions of the globe. The history of the relations between both the countries is rather complex, as it

Corporate Ethics Essay Example | Topics and Well Written Essays - 750 words

Corporate Ethics - Essay Example Also I have personally spoken to some of the employees to understand and identify the key areas. Add to that some research about the history of the company has also been done. Based on the meeting the following areas requiring change has been identified. Identifying the Areas requiring change HR functioning is a very much core and specialized area. But the HR functions of the organization is scattered among individuals. This consists of some employees belonging to the administrative position looking after paper works and a management team looking after HR issues. There we need to achieve centralization. During the meeting and the one on one conversation it was identified there is scope to improve the morale of the employees. Some of the employees were a bit unsure about their job description. This is something that needs to be changed. One the major problems faced by the organization has been relatively high attrition rate (Goswami, 2010). Probable Action Plan In order to have a full y functional centralized HE department, we need to hire some HR executives to look after the core areas such as recruitment, payroll processing, performance management, etc. Also these executives act as a touch point to various departments. The employees looking after the admin work can also be a part of the HR department forming HR and admin division. We must make sure that detailed Job descriptions are prepared across the all departments. The HR manager should entrust the responsibility to the executives looking after different departments. The executive should carry out a job interview for specific job holders to prepare a detailed and appropriate job description. Along with job description the employees should be provided the KRA or key result areas, so that the employees can understand the parameters based on which they can be judged. The organization must have a proper performance management system. This will not only help the employees identify strengths and areas of developm ent, but also help the employees to understand how they could contribute towards the success of the organization in future. One the major problems faced by the organization has been attrition. Therefore to diagnose the problem we should ensure that there is a structured salary, increment and recognition system. It should be made clear to the employees that the increments would be performed based on the findings of the performance management system. Also to motivate the employees there would be existence of reward and recognition system. This would include both monetary as well as non monetary rewards. During the meeting with the employees and managers, some key players should be identified. Those employees could be granted Employee Stock Option Plan (ESOP). During the meeting with the employees we found out that there is a need for training, especially for the people who are at constant touch with the customers. For, example customer services reps and sales & marketing professionals . Hence, the corporate team may identify a relevant training partner to impart training. The training could be provided in small pilot batches. Elements of Diagnosis Plan Probable Results Proper JD and KRA Better understanding of roles and responsibilities Proper Internal communication Credibility and Trust Well Designed Performance Management System Helps the employees to identify strengths and weaknesses Salary, increment and recognition system Acts a motivating factor ESOP Retention of key players Training and