[SOLVED] HRM environmental scanning exercise

Help me study for my Management class. I’m stuck and don’t understand.

1. (a) Select an industry with which you are somewhat familiar [e.g., kitchen appliance manufacturing, personal care products, or after-market automobile parts]. (b) Identify one country outside your own in which your organization will begin operations. (c) Chose a structure in which your locally-based corporation has entered, such as a joint venture, wholly-owned subsidiary [i.e., no partner] and give your rationale for your choice. Your company has employed a combination of expatriate [i.e., parent-country employees who have been employed in your local operations] as well as host country nationals [HCNs], and employees from at least one other third country [TCNs].

1. Identify basic trends in the following aspects of the business environment which might affect your business over the next two or three years. Cite current sources (within the past 18 months), such as the World Bank’s Doing Business (Links to an external site.) (Links to an external site.)report, Transparency International’s Corruption Perceptions Index, (Links to an external site.) the CIA’s https://www.cia.gov/library/publications/the-world-factbook/ (Links to an external site.), and The Heritage Foundation’s Index of Economic Freedom, (Links to an external site.).

• Economic
• Social-Cultural
• Political-Legal
• Technological
• Market

1. Discuss potential implications for HRM policies and practices.
2. Using the outline below, prepare a Main Points Overview of your findings.
3. Identify what additional information you would seek and what additional sources you might utilize.