Markets in developed economies are approaching saturation level. Therefore, MNCs 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 (GEH) 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.
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Then, respond to the following:
Write a 7–10-page paper in Word format. Utilize at least five to seven scholarly sources in your research. Apply APA 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: LastnameFirstInitial_M5_A1.doc. By the due date assigned, deliver your assignment to the Submissions Area.
Assignment 1 Grading CriteriaMaximum PointsSelected two trade theories that are specific and appropriate to the expansion of GEH. The theories explain why operations were expanded.20Explanation of theories is specific, accurate, and clear. The explanation includes how the theories are incorporated into the expansion of GEH. Evaluation of reasoning to expand is complete, appropriate, and accurate. The evaluation states how expanding benefits GEH.40Explanation of pitfalls is reasonable and appropriate. Explanation includes how and why the pitfalls are likely to occur. Pitfalls explained are reasonable based on the strategy.30Solutions identified are reasonable, appropriate, and likely to solve any possible problems. Solutions given explain how possible pitfalls could be remedied.30Ethical dilemmas associated with GEH’s expansion of its operations of developing new drugs to India and manufacturing X-ray business to China are sufficiently identified and evaluated. Specific examples to further support and demonstrate points are provided.40Evaluation of the human resource strategy is complete, specific, and in depth. The evaluation focuses on aspects of the strategy unique to each operation (i.e., diversity, acquisition, etc.).36Deficiencies in GEH’s human resource strategy in respect to ethical and diversity management issues are discussed and viable solutions are provided. Specific examples to further support and demonstrate points and solutions are provided.36Identification of training design is complete, clear, and specific. Training includes information on preparing for both professional and personal development. Justification for the training design is included.40Wrote in a clear, concise, and organized manner; demonstrated ethical scholarship in accurate representation and attribution of sources; and displayed accurate spelling, grammar, and punctuation.28Total:300
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