Global Human capital (case study) Essay Example | Topics and Well Written Essays - 500 words

Global Human capital (case study) - move ExampleAs part of business strategy in the early 2000s, the company had to reduce the fig of employees at its Tokyo based headquarters. The worker force was reduced above 5000 to the current number of 4,222. This is excludes whole the employees on overseas assignments and those working for subsidiaries and offices abroad. A major success factor for the ITOCHU Company is the sound circumspection, the cast-iron organisational structure adopted and as well as the vast international network (Kishita, 2006). Management strategy gives ITOCHU a competitive edge as the company is able to achieve operational efficiency chain armour impressive financials.Guided by the mid-term management plan known as Frontier-2006 the company aimed at change magnitude profitability in a manner that is stable. It then moved on to implement another mid-term management plan dubbed, Frontier, 2008 who goals were enhancing corporate value on the international arena and increase investor confidence through pugnacious management policies. This saw the company post a net income of 218.6 billion in the financial menses ending March 2008 and mark the fourth year of record earnings. These are fruits of the growth strategies and hikes in rude(a) resources prices (Rowley & Benson, 2002).In the recent economic restructuring ITOCHU has implemented a number of changes in the area of employee resourcing. Taking wages of the shukko and haken schemes introduced by government a number of employees have been relocated subsidiaries paving way for the company to outwardly higher people who are more capable and experienced under the new mid-career professional recruitment system. The companys HR retention policies have also been redesigned especially on the aspects of line of descent tryst and training. A lot of focus currently is directed at specialisation as opposed to multi-tasking and job rotation (Ballo, 2002).Additionally ITOCHU has moved to attract young talents and foster