InstructionsThe course project has 2 parts. The first part, Select Multi-National Company, Select the country of interest assignment that you submitted in Week 1.Note: This project involves developing a global HR strategy for a multinational company (MNC) targeting a company in a different country as part of an expansion strategy. Students will 1. select a multinational company (MNC) to study in their home country and, 2. select a country of interests outside of their home county’s global region for an expansion strategy. Students should select a country that both makes strategic sense for the MNC’s expansion strategy and is a country whose culture you are interested in learning.The expansion strategy also involves 3.targeting a company in this country of interest for either a joint venture, acquisition, or merger. Based on your selections (from Week 1):I. Business Strategy. Describe the business strategy of this multinational company and how this company is structured globally. No more than one page.II. Country of Interest. Identify a country of interests for a global expansion. Explain why entering into this country makes strategic sense. Summarize the key challenges entering this country based your Global Competitiveness Report findings (lowest pillars and weakest components). Attach the Performance Overview and Selected contextual indicators and Social and environmental performance charts as Appendix A. No more than two pages, excluding appendix A.III. Expansion Strategy. Identify a company to target in your country of interests. Explain your expansion strategy for entering the country of interest, e.g. merger, acquisition, or joint venture (must be one of these strategies), and why targeting this company makes strategic sense. No more than one page.IV. Culture Assessment. Describe and compare the cultural characteristics of your home country and your country of interest for your expansion strategy. Identify any possible “culture clashes” between the two counties and what you will need to do to mitigate these concerns to ensure a successful merger or partnership. Attach as Appendix B a copy of your culture calculator results (the one that also includes your cultural characteristics in comparison to your home and host countries).V. HR Due Diligence and Integration Plans. Describe the HR due diligence and integration processes for acquiring or partnering with this company. Describe the key components of your HR due diligence and the key steps of your integration plan.VI. Talent Management Objectives. Describe the MNC’s overall talent management objectives for managing competencies, behaviors, and the environment. No more than one page.VII. IHR Strategy. Next, design an IHR strategy for achieving the business and talent management objectives of the expansion strategy. a. Specifically describe the objective and key components of each plan listed below. b. describe how each plan must be designed and aligned with the local culture. c. Describe which of these plans are to be managed globally or locally (centralized or decentralized).Workforce Staffing PlanTraining a Development PlaPerformance Management and Compensation PlanJob and Organizational DesignGlobal Leadership Program.Section VII is the most important part of the paper and will be given the greatest weight in grading. Make sure you answer all three questions in part VII (a – c) for each plan 1 – 5.FormatThis should be a well-written, properly cited (using the MLA format (Links to an external site.)) paper of approximately 15 – 20 double-spaced pages excluding references, appendixes, etc.Create headings following the above format I – VII, e.g. Business Strategy, Country of Interest, etc. For part VII create headings for each part 1 – 5, e.g. Workforce Staffing Plan, Training and Development Plan, and subheadings , e.g. 1a. 1 b. 1c., etc.
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