Regionalization Impact on Performance Management for Malaysian Multinational Companies

Operation offshore or regionalization is one of the key strategies by many Malaysian MNCs nowadays. The purpose is to expand their business and also establish a sustainable business model. This change in business direction introduces impacts to performance management framework. If these impacts are...

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Bibliographic Details
Main Author: Tan, We Chang
Format: Dissertation (University of Nottingham only)
Language:English
Published: 2015
Online Access:https://eprints.nottingham.ac.uk/28939/
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author Tan, We Chang
author_facet Tan, We Chang
author_sort Tan, We Chang
building Nottingham Research Data Repository
collection Online Access
description Operation offshore or regionalization is one of the key strategies by many Malaysian MNCs nowadays. The purpose is to expand their business and also establish a sustainable business model. This change in business direction introduces impacts to performance management framework. If these impacts are not properly handled, it may leads to business expansion failure. The current performance management framework will have to be enhanced such that the regional needs in the performance management are catered. The objective of this research is to identify the impacted areas in the current performance management framework and recommend necessary enhancements. Base on the research, there are 5 areas in the performance management framework impacted by operation offshore or regionalization, they are “Employee satisfaction and work-life balance”, “HR Development”, “Staff Recruitment and Retention”, Standardization” and “Culture and Perception”. It is essential to add in the regional elements into the above 5 impacted areas in order to ensure the organization continue with sustainable growth after regionalization. It is recommended for HR to assume the change agent responsibilities to transform the employees to transform from country specific operation model into regional model. Regional performance elements are recommended into the balance scorecard to ensure the interest of both local and regional stakeholders are catered.
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spelling nottingham-289392017-12-31T19:40:18Z https://eprints.nottingham.ac.uk/28939/ Regionalization Impact on Performance Management for Malaysian Multinational Companies Tan, We Chang Operation offshore or regionalization is one of the key strategies by many Malaysian MNCs nowadays. The purpose is to expand their business and also establish a sustainable business model. This change in business direction introduces impacts to performance management framework. If these impacts are not properly handled, it may leads to business expansion failure. The current performance management framework will have to be enhanced such that the regional needs in the performance management are catered. The objective of this research is to identify the impacted areas in the current performance management framework and recommend necessary enhancements. Base on the research, there are 5 areas in the performance management framework impacted by operation offshore or regionalization, they are “Employee satisfaction and work-life balance”, “HR Development”, “Staff Recruitment and Retention”, Standardization” and “Culture and Perception”. It is essential to add in the regional elements into the above 5 impacted areas in order to ensure the organization continue with sustainable growth after regionalization. It is recommended for HR to assume the change agent responsibilities to transform the employees to transform from country specific operation model into regional model. Regional performance elements are recommended into the balance scorecard to ensure the interest of both local and regional stakeholders are catered. 2015 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en https://eprints.nottingham.ac.uk/28939/1/TanWeChang.pdf Tan, We Chang (2015) Regionalization Impact on Performance Management for Malaysian Multinational Companies. [Dissertation (University of Nottingham only)]
spellingShingle Tan, We Chang
Regionalization Impact on Performance Management for Malaysian Multinational Companies
title Regionalization Impact on Performance Management for Malaysian Multinational Companies
title_full Regionalization Impact on Performance Management for Malaysian Multinational Companies
title_fullStr Regionalization Impact on Performance Management for Malaysian Multinational Companies
title_full_unstemmed Regionalization Impact on Performance Management for Malaysian Multinational Companies
title_short Regionalization Impact on Performance Management for Malaysian Multinational Companies
title_sort regionalization impact on performance management for malaysian multinational companies
url https://eprints.nottingham.ac.uk/28939/