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Scenario 1.4: HRM Challenges-Innovative Hydraulic Systems
Lansdowne Inc. ,a Quebec-based company,designs and manufactures innovative hydraulic systems which are sold to projects in more than 20 countries.They hire people based on their specialized technical and broader innovation and communication skills.They recruit globally.They also continue to provide training to their employees in the leading edge hydraulic systems technology and provide workplace environments that encourage innovation.Their mission and strategy is to be competitive through technical innovation.
-Please refer to Scenario 1.4.What is the influence of technology on Lansdowne Inc.'s HRM?
Trade Alliance
A partnership between two or more countries or organizations to improve trade relations and economic cooperation.
Initial Public Offering
The first sale of a company’s shares to the public, leading to a stock exchange listing.
Entrepreneurial Venture
A business undertaking initiated by an individual or group who seeks to innovate, create, and manage the enterprise for growth and profit.
Equity Takeover
The acquisition of control of a company through the purchase of a significant amount of its equity shares.
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