Balancing Values. An Indian perspective on corporate values from Scandinavia

Lena Meier

• Publisher: GRIN Verlag
• Year: 2014
• eBook ISBN: 9783656679523
• Edition: 0
• Topic: Business
• Subtopic: Human Resource Management
• Index: Business

Seminar paper from the year 2013 in the subject Leadership and Human Resources - Miscellaneous, grade: 2, course: International Human Resource Management, language: English, abstract: Pharmaz is a multinational pharmaceutical company, which headquarter is located inDenmark. Worldwide, Pharmaz employs around 6000 people in 30 countries.Currently, the management concentrates on presenting Pharmaz as a value-driven andinnovative company. As a result, the following three corporate values should be focusedprospectively (Dowling, Festing & Engle 2013, p. 319): 1. Empowerment of all employees, 2. Equal opportunities for developing the employees' competencies, 3. Openness in communication associated with knowledge exchange.Furthermore, a focus for Pharmaz is the growth of the Indian subsidiary. It gains strategicimportance, more people shall be recruited and the management likes to take advantage of thelow cost, professional Indians.Accordingly, Amrita Chopra, the senior financial manager of Pharmaz India, and NielsNielsen, the finance director of Pharmaz India (Dowling, Festing & Engle 2013, p. 322), discuss the alignment of local work procedures. (Dowling, Festing & Engle 2013, p. 319)In sum, Pharmaz reflects a company's cultural differences between Denmark and India, whilethe Danish executives try to apply its new values. Also, the company represents the hugemanagers' efforts that are required for the change. [...]