MGMT 223 Chapter Notes - Chapter 3: Honda Motorcycle And Scooter India, 360-Degree Feedback, Welfare Reform
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Cha(cid:374)(cid:272)ello(cid:396) a(cid:374)gela me(cid:396)kel (cid:396)e(cid:272)e(cid:374)tl(cid:455) (cid:271)e(cid:272)a(cid:373)e the head of ge(cid:396)(cid:373)a(cid:374)(cid:455)"s ch(cid:396)istia(cid:374) de(cid:373)o(cid:272)(cid:396)ati(cid:272) u(cid:374)io(cid:374) Many french and danish firms had begun outsourcing production to germany. 3 possible reasons for weak performance: reunification- unemployment rose among young workers; birth of new currency (euro, generous welfare state- budget problems; non-wage costs rose, globalization- lower transportation costs, declining trade barriers, and strong asian manufacturers. Energy reform: feed-in tariffs- subsidies for electricity from renewable sources. Germany helped bail greece out of this crisis and allowed them to export themselves out of trouble. Introduced new minimum wage: limited mini-jobs to 12 hours per week. Slow growth, pressures on the welfare state, and eurozone future is not guaranteed. India"s management mindset notes (cid:862)the i(cid:374)dia wa(cid:455)(cid:863)- centers around leadership; leaders are deeply involved in solving societal problems. They believe that social progress and stability are essential for profitable business expansion. Why: long-standing tradition, hindi principles about service, financial and reputational gain. India is growing at more than 20% annually.
