netrashetty
Netra Shetty
Home City Ice is a company based in Cincinnati, Ohio. Home City Ice delivers fresh ice to over 9 states. Operating a number of plants from its headquarters in Cincinnati, to a branch plant in Pittsburgh, the corporation uses blue ice chests at local stores. Its bagging plant in Pittsburgh is one of the largest in the region with head bagging operator Anthony Antonace overseeing the vast stock of ice shipped out of the plant on a regular basis.
The Home City Ice Company was involved in a "cartel"[1]of large ice companies who conspired to eliminate smaller competition and keep retail prices higher than the market should have dictated. The Home City Ice Company pled guilty to violations of the Sherman Antitrust Act in 2007 as a result of these actions. Home City, along with two other large ice companies in the United States, colluded to artificially inflate retail ice prices by agreeing to not compete against one another in the Southeastern region of the state of Michigan. This violation may cost Home City up to $100 million dollars and a term of probation to be determined by the federal government.[2] No active officials within the company will be charged with any criminal charges as the violations were blamed on a now deceased former vice president.
1.A larger, faster and greater growth of industrialization is expected in the next decade.
2.There is a possibility for more takeovers, acquisations and mergers in future in India.
3.With the presence and influence of more multinational and tranationals, as well as higher standards and competitions, there is a possibility for many small indigenous units to be sick
4.There is a possibility for the emergence of many large and giand enterprises havening economies of scale, leading the units without the merits of economies of scale and large scale production to wind up.
5.ISO 9000 and other international standardization requirement are bound to dictate higher quality specification making it difficult for less quality conscious business enterprises to survive.
6.Large investment and modernization would require highly skilled and technically trend people who would replace less train, unskilled and redundant workforce.
7.Increasing number of industrial houses are bound to introduce scheme for golden handshake.
8.Import of technology may become more common in the days to come resulting in increasing requirement of highly skill manpower.
9.Greater and greater training needs are bound to be identified for updating the technological behavior skill.
10.There would arise greater needs for interpersonal skill, behavioral and counciling skills of executive and hence greater training needs in his directions are bound to arise.
11.Greater privatization of business and increase of employment in the private sector may leads to greater training needs in the private sector.
12.Quality of work life and quality circle programmes may receive greater acceptance.
Recent fundamental changes in the global economy make world markets and transnational corporate players more powerful than nation states. They amount to a worldwide trend toward privatization and anti-statism. Instead, the international market for goods and capital are seen as the purveyors of not only healthy economies, but good governance and satisfied citizenries. To be sure, various dislocations will occur and there will be clear winners and losers but, ultimately, in this vision, the neo liberal process will triumph. Economic globalization represents a major transformation in the territorial organization of key economic sectors. To what extent it also represents a possible transformation in the structures of politico-economic power is a difficult and controversial question (Smith, Solinger & Topik 1999). The major dynamics at work in the global economy contain the capacity to undo the particular form of the intersection of sovereignty and territory embedded in the modern state and the modern state system. But this may not necessarily mean that sovereignty is less of a feature of the international system. Rather, it may signal the relocation of some components of national state sovereignty onto supranational authorities or privatized corporate systems (Smith, Solinger & Topik 1999). One change in a global and business economy is recession. Recession has created challenges to countries and businesses. Recession also gave a company’s HRM some challenges even though they belong to a Knowledge economy. This paper intends to discuss the HRM challenges faced by a Knowledge economy company in a recession.
The Home City Ice Company was involved in a "cartel"[1]of large ice companies who conspired to eliminate smaller competition and keep retail prices higher than the market should have dictated. The Home City Ice Company pled guilty to violations of the Sherman Antitrust Act in 2007 as a result of these actions. Home City, along with two other large ice companies in the United States, colluded to artificially inflate retail ice prices by agreeing to not compete against one another in the Southeastern region of the state of Michigan. This violation may cost Home City up to $100 million dollars and a term of probation to be determined by the federal government.[2] No active officials within the company will be charged with any criminal charges as the violations were blamed on a now deceased former vice president.
1.A larger, faster and greater growth of industrialization is expected in the next decade.
2.There is a possibility for more takeovers, acquisations and mergers in future in India.
3.With the presence and influence of more multinational and tranationals, as well as higher standards and competitions, there is a possibility for many small indigenous units to be sick
4.There is a possibility for the emergence of many large and giand enterprises havening economies of scale, leading the units without the merits of economies of scale and large scale production to wind up.
5.ISO 9000 and other international standardization requirement are bound to dictate higher quality specification making it difficult for less quality conscious business enterprises to survive.
6.Large investment and modernization would require highly skilled and technically trend people who would replace less train, unskilled and redundant workforce.
7.Increasing number of industrial houses are bound to introduce scheme for golden handshake.
8.Import of technology may become more common in the days to come resulting in increasing requirement of highly skill manpower.
9.Greater and greater training needs are bound to be identified for updating the technological behavior skill.
10.There would arise greater needs for interpersonal skill, behavioral and counciling skills of executive and hence greater training needs in his directions are bound to arise.
11.Greater privatization of business and increase of employment in the private sector may leads to greater training needs in the private sector.
12.Quality of work life and quality circle programmes may receive greater acceptance.
Recent fundamental changes in the global economy make world markets and transnational corporate players more powerful than nation states. They amount to a worldwide trend toward privatization and anti-statism. Instead, the international market for goods and capital are seen as the purveyors of not only healthy economies, but good governance and satisfied citizenries. To be sure, various dislocations will occur and there will be clear winners and losers but, ultimately, in this vision, the neo liberal process will triumph. Economic globalization represents a major transformation in the territorial organization of key economic sectors. To what extent it also represents a possible transformation in the structures of politico-economic power is a difficult and controversial question (Smith, Solinger & Topik 1999). The major dynamics at work in the global economy contain the capacity to undo the particular form of the intersection of sovereignty and territory embedded in the modern state and the modern state system. But this may not necessarily mean that sovereignty is less of a feature of the international system. Rather, it may signal the relocation of some components of national state sovereignty onto supranational authorities or privatized corporate systems (Smith, Solinger & Topik 1999). One change in a global and business economy is recession. Recession has created challenges to countries and businesses. Recession also gave a company’s HRM some challenges even though they belong to a Knowledge economy. This paper intends to discuss the HRM challenges faced by a Knowledge economy company in a recession.