Champaca Survives? Case Solution
Abstract:
The case highlights the impacts of the Asian currency problems on a varied Thai corporation, the Champaca group. It explains the attempts of its creator, an ethnic Chinese business owner, to conserve his group by reorganizing his financial obligations and, in a culture where western-style downsizing is not appropriate, discover a method of cutting his labor force.
Pedagogical Objectives:
When faced with severe monetary issues, the case shows the various method to HRM problems embraced by Asian business. In specific, it highlights the restraints that Asian cultural worths put on any effort to enforce western options, such as downsizing, in these situations, and for how long- term factors to consider stay crucial in any tactical choices taken.
This is just an excerpt. This case is about Strategy