• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Molex and Human Resource Management

Extracts from this document...

Introduction

Touro University International Kevin J. Hall (5332) Bus401 International Business Module 3 Case Assignment Professor: Dr. Anastasia Luca Molex and Human Resource Management As today's global economic evolution stirs interest in worldwide expansion, the ongoing information revolution is shrinking the market place through a global business environment. This environment, a tossed salad of cultures, must be nourished by building a human resource function that is flexible, adapt, able, and focused on attracting, motivating, mobilizing, and retaining global human capital. The alignment of key human resource functions more closely with overall corporate strategy enables theses businesses to greater capitalize on people: the greatest, most important asset of a company. This is where Molex leads the way. Molex is a plastic material developed by the late Frederick August Krehbiel. In 1938, he founded the Molex Products Company in Brookfield, Illinois to manufacture a variety of products from this material, including clock cases, flower pots, valve wheels and salt tablet dispensers. In 1940 one of Frederick's sons, John H. ...read more.

Middle

Molex has a number of attractive performance appreciation and recognition programs to recognize and to reward significant employee contribution. These include performance bonuses, stock option plan, stock purchase plan, individual and team stock awards. Outstanding Molex employees may be offered cross-function, regional and international career opportunities as well. Not only does Molex focus internally, they believe the customer is king. "There's a strong focus on service right now. The companies that are more flexible and react to quick turnarounds will be the ones to do better. The Molex culture is built on the fact that the customer is king and comes before all of us. The company honors personal commitment, hard work, a sense of urgency in everything, and respect for the world's different cultures. Here, no single individual can ascribe success to himself," said Joe King, vice chairman and chief executive of Molex Inc., Lisle, Ill. Molex's strategic target and focus are its customers; and the worldwide operating philosophy and commitment is total customer satisfaction. ...read more.

Conclusion

To enable top managers; the company's chairman, COO, executive vice president, corporate VP of HR and VP of HR, and other senior executives of the local entity and the region, to stay focused and in tune with the companies goals, they hold an annual communication meeting. They spend a day at each location touring the factory, looking at new equipment and facilities and meeting with employees. "Our annual communications meetings ensure that our employees know they're a part of something much bigger than their local entities. They know our history, our performance, and our plans for the future. This, combined with frequent contact among our employees from entities around the world and common practices, helps maintain our culture and strengthen a global team of employees," says Roth. It is this human resource policy that is the one, singular, most important success Molex achieved. They found a way for individuals with varying backgrounds and perspectives to work together while maximizing the energy of the individuals throughout the company's global operations and limiting financial obstacles that result from the transportation of individuals from one place to another. Molex says it best themselves, "Molex: Bringing People & Technology Together, Worldwide. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE People in Business section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE People in Business essays

  1. The Paradoxical Twins Acme and Omega Electronics

    On the other hand Jim Rawls spends too much of his time listening to suggestion "Jim spends too much time and mine making sure everyone understands what we're doing and listening to suggestions". From reading the part where both firms are trying to reach the deadline of completing the units on time and successfully I can comment on both firms.

  2. Managing Human Resources in Marks & Spencer.

    12.0 Crafts and related 11.5 16.0 Personal & protective services 11.3 12.0 Sales 9.9 8.9 Plant & machine operatives 11.9 10.6 Others 10.9 10.9 The table above shows the different types of occupations people that have jobs /had in 2000.

  1. A REPORT INTO HUMAN RESOURCE MANAGEMENT AT SAINSBURY'S

    Sickness and accident rates Sainsbury's keep a record of the following types of absences: * Notified absences- When an employee is going to be absent from work and have told their boss at Sainsbury's. (E.g. to attend a funeral, hospital appointment, wedding etc.)

  2. Total Quality Management

    This is done by compiling a failure mode assessment and assignment matrix. Team members are then assigned to investigate each potential cause more closely. The beauty of the failure mode analysis is that it offers a systematic method of determining all the possible modes of failure and investigating them to determine the most likely causes.

  1. Human Resource Planning.

    To be able to deal with customer complaints, request and offer advice when required. Job responsibilities: you need to maintain up-date knowledge of all products ranges and developments. As a company representative a professional, polite and sensitive manner should be adopted at all times.

  2. This report is based on functions of the Human Resource department at HSBC Bank. ...

    pay and conditions) which affect them. The importance of the human resources department. When people go to work they take themselves, their lives, their emotions and hopes and fears. No organisation can obtain its skills and its work without these things.

  1. E1: Accurately describe the responsibilities covered by the human resources function in the ...

    E3: Identify the features of key recruitment documents and describe the factors to considered when planning to fill a vacancy and carrying out interview Bridgestone recruit new employees in April and sometimes during September or October. They provide an application form on the internet so a person can apply for

  2. Conflicts between human resource function

    in an informal or formal atmosphere, or where issues are resolved as part of the ongoing interaction between individuals. Conflict is a normal part of doing business because organisational members have different and often opposing goals. However, these differing goals keep the organisation vital by stimulating creativity, promoting innovation, and bringing about change.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work