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Essay / Research Paper Abstract
In this 10 page paper, a fictitious American company has acquired a Japanese company. The essay begins with an introduction to the industry, musical instruments, and reports and discuses labor laws and practices in Japan. The writer intersperses recommendations for the American company to adopt in Japan. The writer also discusses potential challenges and how to overcome them, including recruitment and hiring. Bibliography lists 7 sources.
Page Count:
10 pages (~225 words per page)
File: MM12_PGjapnHR.RTF
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Unformatted sample text from the term paper:
This is a lucrative industry with sales exceeding $1.7 billion, profit margins of nearly 25 percent in 2006 and anticipated annual growth o f 5-7 percent (Research and Markets, 2007).
The top three trading partners, in order, are China, Japan and Canada (Research and Markets, 2007). Many American companies are expanding by merging or acquiring companies in other countries. In
fact, Aguilera and Dencker (2004) report: "Cross-border mergers and acquisitions (M&As) have become the dominant mode of growth for firms seeking competitive advantage in an increasingly complex and global business
economy" (p. 1355). DrumHeaders Inc. adopted this strategy by acquiring Nishi Crum Co. in Japan. These same authors report about half of these fail to achieve their intended purposes and
expected results (Aguilera and Dencker, 2004). There are many reasons for these failures, many of which have to do with implementing appropriate human resource strategies (Aguilera and Dencker, 2004).
Human Resource Management The first thing human resource managers need to know are the labor laws in the other country. While this sounds like common sense, many companies
seem to think they need only comply with the many labor laws in the United States, including the EEOC. Part of that assumption is valid, any United States company must
comply with U.S. labor laws, including the EEOC, no matter where their operations are but they must also comply with local laws and practices. There is significantly more information
in the literature about Japanese firms acquiring enterprises in the U.S. and U.K. than the converse. One thing known about this type of situation is that many Japanese firms tend
to allow the British or American firm to continue operations as usual. Aguilera and Dencker (2004) did report that when Microsoft acquired a Japanese firm, they "strongly supported the management
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