Human capital (HK) is categorized into two groups: specific human capital (SHK) and general human capital (GHK). The essay covers the two groups of HK and how they can help us to compare serial and portfolio entrepreneurs (habitual entrepreneurs).
This essay discusses Geert Hofstede's six dimensions of organizational cultures. The essay explains that some of these dimensions can be appropriate in some countries, therefore, they cannot be universally applied across countries. Lastly, the essay covers how employees in the six above cultural dimensions can be motivated. Hope you will also like this paper.
In 2007, Thomas Schmall was appointed to the CEO of Volkswagen do Brazil (VMB). Two years later, Brazil experienced a financial crisis making VMB to park its newly manufactured vehicles in its plants waiting for the consumers to start spending again. Consequently, VMB recorded financial losses and a fall in its market share. Using VMB as the case study, this essay covers the strategy that Schmall adopted to swing VMB back to profitability. He adopted a balanced scorecard that enables the company to drive its strategies. The essay also covers dimensions of a balanced scorecard. This is a nice paper that educates companies on what they may do to achieve a high performance culture and thereby improve their output.
Why VMB is so successful?
What approach Schmall adopted to swing VMB back to profitability?