Question
You have just won a lottery. The prize amount is 10 million dollars (after tax). After some consideration, you have decided to quit your current
You have just won a lottery. The prize amount is 10 million dollars (after tax). After some consideration, you have decided to quit your current job and start a business in Killeen, TX. Answer the following five questions.
Q1) What business will you start in Killeen, TX?
Q2) What will be your company's competitive advantage? Or why will the customers choose your product or services over those of other companies in the market? (In the case of Zappos, the competitive advantage was providing top-tier customer service.)
Q3) For your business, what do you think are the biggest types of organizational risk that an effective human resource management function can help to minimize?
Q4) For employees to appropriately deliver the competitive advantage, how do you think diversity can improve employees' contributions to competitive advantage or the culture that needs to be established? (In the case of Zappos, this was building a "fun culture.")
Q5) What are some HRM practices (e.g., selection, training, performance appraisal, and compensation) that you may adopt to foster an inclusive environment to leverage diversity? (In the case of Zappos, it was creating Zappos One)
Note. Your answers to Q1, Q2, and Q3 should be short (less than half of the total initial post). Your answers to Q4 and Q5 should be long (more than half of the total initial post).
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