Select two trade theories that best explain why EH expanded its operations of developing new drugs to India, and manufacturing X-ray business to China.
Markets in developed economies are approaching saturation level. Therefore, Mn Cs are searching for new untapped markets in emerging countries such as India and China. Since the healthcare industry will continue to grow in the future due to the size of the global population and its age composition, General Electric Healthcare (EH) is trying to capitalize on these trends. It is expanding its operations and development of new drugs and manufacturing of the medical equipment in India and China.
Directions
Read the following articles:
At least one peer-reviewed article related to the trade theories in general as well as for China and India
Articles related to the human resource management for Mn Cs, cross-cultural management, expatriate training, and expatriates’ success/failure in overseas assignments
Articles related to EH
Then, respond to the following:
Select two trade theories that best explain why EH expanded its operations of developing new drugs to India, and manufacturing X-ray business to China.
Explain the selected theories, and then evaluate Gehrig reasoning.
Explain possible pitfalls for such strategy from Gehrig perspective.
Identify solutions to the possible pitfalls for the strategy.
For each operation (India and China), evaluate Gehrig human resource strategy.
Identify how you would design training for preparing expatriates for their assignments to India and China if you were in charge of their training prior to the overseas assignment.
Write a 7–10-page paper in Word format. Utilize at least five to seven scholarly sources in your research. Apply SPA standards to citation of sources.
Make sure you write in a clear, concise, and organized manner; demonstrate ethical scholarship in accurate representation and attribution of sources; and display accurate spelling, grammar, and punctuation.
Use the following file naming convention: Last name First Initial_M5_A1.doc. By Saturday, February 11, 2017, deliver your assignment to the M5: Assignment 1 Dropbox.
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