Global markets engage in an array of arenas. For Molex the challenges do not fall short.
There are many advantages and disadvantages which include, but are not limited to: culture, government, taxes, lifestyle management, and costs. In the following paragraphs this manufacturer of electronics will be examined to review its global operations. Legality, culture, and ethics are a high priority for its success of being in the market for over 70 years. Today it holds presence in 21 countries employing 16,000 employees.The legal systems which impact their human resources and operations have various standards and adhering to each is an important standard for the company.
Documentation and up-to-date information is a critical component. This is illustrated in its human resources and company operations. Culturally and ethically there are many different values and interpretations.
Remaining sensitive to different norms and values is a constant. The company demonstrates this well, by moving employees around the world. Host governments play a major role for Molex operations.It is a known fact that, historically governments have long been involved in setting and policing the framework for international trade and investment (Alexander & Warwick, 2007, p 180). How they encourage exports influences the ease of operations for the company.
It is imperative that Molex takes sensitivity and a high regard to host governments so that their contribution to the local markets is positively perceived. The main driver for host governments is to experience a boost in economic trade, employment, and so forth.If foreign investors do not provide benefits for the country than there really is no motive to support its existence. However if the presence is well received, a government’s role, provides facility for effective functioning of markets by providing a stable macroeconomic framework, an effective framework of corporate governance and commercial law and, at a micro level, supply-side flexibility (Alexander & Warwick, 2007, p.
180). Strategy and operations for Molex pose a challenging juggling act due to their international presence.The company strategizes towards low costs, excellent customer service, and mass production of standardized products is no small task. Managers deal with varying conditions while engaging with first and third world countries. According to Onwubolu, Haupt, and De Clercq (1999), production and operations management is an important activity in the value chain and helps to position a firm in the value chain system. Value chain is the maximization of customer benefits and business profit.
In order to effectively accomplish this goal Molex facilitate the opportunity to share business information across business entities and in turn lay a foundation for a unified culture. The challenge to this approach is how to create a unified culture amongst different languages, norms, and values. In addition, their management development although working effectively does come with a high price tag. Perhaps one of the greatest a challenge is the cost factor for these kinds of strategies and operations.
Molex has proven its success through its well established processes. Its human resources operations clearly define their forefront. Having all processes, employee expectation, and legal practices outlined and in writing has been a strong precedence. Their investment in their employee development is key to their success given their position in the world. While their well positioned the challenges do not fall short and should be considered in all strategy packages for the company.ReferencesAlexander, C. , & Warwick, K.
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edu/classroom/coursematerials/mgt_448/20110127/. ONWUBOLU, G. ., HAUPT, O. , & DE CLERCQ, G. (1999). Production management issues in developing. Retrieved from http://ehis.
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