Managing Diversity at Cityside Financial Services Essay - 1

Managing Diversity at Cityside Financial Services - Essay Example It should be noted that the impact of diversity on human capital management and development is multi-dimensional, i.e. it has different forms and characteristics, being aligned with the environment and the culture of each organization. The above trend is verified in the literature published in the particular field. In accordance with Stalcup (2008) the promotion of diversity across an organization could be secured through a series of different plans; the introduction of succession policies that ensure diversity at all (or certain) levels of the organizational hierarchy would be a potential plan of such kind (Stalcup 2008, p.14). In other words, diversity could affect the human capital management of an organization by setting the criteria on which the succession policies of the specific organization will be based. At a next level, diversity sets the term under which the hiring process of an organization will be developed; this fact is highlighted in the study of Sistare et al. (2008, p.16) where emphasis is given on the importance of diversity for the specific part of an organization’s human capital management, i.e. the hiring process. Moreover, it is explained that diversity, as a criterion used for hiring staff, does not threaten the integration of the organization. ... organization’s retention and HR development policies (for instance, the training programs provided to employees of a particular organizational development); the rewarding policies of an organization should also take into consideration the needs for increased diversity in the workplace (Mathis et al. 2008, p.48) Apart from the issues discussed above, another fact should be made clear: diversity could also affect the organizational development in general, i.e. not just the human capital management processes. This issue is explained in the study of Vallabhaneni (2008); in the above study, reference is made to the need for restructuring of the organizational environment in order to promote diversity across a particular organization; in other words, organizations that strongly support diversity have often to update/ restructure their environment in order ‘to respond to the needs of diverse groups of employees’ (Vallabhaneni 2008, p.238). In this way, diversity is get i nvolved in an organization’s development, setting the rules for distributing tasks and organizing activities across the particular organization. The direct involvement of diversity in organizational development is made clear through the following fact: diversity in the workplace has been among the key trends of the human capital management of the 21st century (Lewis et al. 2006, p.20); HR managers who are most capable of responding to the needs of diversity in the workplace are most likely to succeed in organizations of various industrial sectors (Lewis et al. 2006, p.20). In this way, diversity becomes one of the criteria for evaluation of the capability of HR managers to face the challenges of modern market; it is expected that their decisions will be also aligned with the need for increased

Starbucks in Mexico Global Business Plan Research Paper

Starbucks in Mexico Global Business Plan - Research Paper Example The currency fluctuation is an issue that threatens the profitability of the Starbucks in Mexico. Starbucks in Mexico can be affected by the value changes of currencies due to the company’s exports and imports. Conducting a business transaction in a different country the venture has to convert currencies at some prevalent exchange rate (Evans). The company uses two approaches to reduce the exchange rate risk. The two approaches are netting and hedging. Through hedging, the company uses a standard approach that is the interest rate swap. Interest rate swaps are whereby two companies in different countries agree to exchange their debt obligations (Evans). Through the interest rate swaps, the business avoids the changes in the foreign exchange rates. The other approach used in dealing with foreign exchange risks is using the netting approach. The netting approach is where the company maintains an equal level of foreign payables against foreign receivables (Evans). Through the use of the netting method, the changes in foreign currency are catered for by the balance in the payables and receivables. The Starbucks in Mexico would choose from various domestic and foreign sources of finance in its path to global expansion. A company decides on the form of financing depending on the capital requirement and the period it is needed (Timimi, 2010). One of the sources of financing Starbuck in Mexico would be the ownership capital that involves the raising of substantial funds through the company’s shareholders.