Career Development through International Mobility Essay

Career Development through International Mobility - Essay Example The LVMH Company came into existence as a result of the merger of Moet et Chandon, one of the largest manufacturers of champagne in the world, with a renowned manufacturer of cognac, Hennessey. In 1987, this group further merged with a fashion house, Louis Vuitton. LVMH is a France based group with over 56000 human resources out of which 63% employees work in different locations of the world. There exist 50 prestigious brands under this group, making it recognized as a global giant. It deals with various activities that include business in fashion goods and leather, spirits and wines, perfumes and cosmetics, watches and jewelry, among others. In this assignment, is going to major in the company of Christian Dior, because it is LVMH’s major holding company. It possesses 42.38% of its shareholding and voting rights of 59.3%. Christian Dior’s mass shareholder is also the chairman of both companies. He is LVMH’s CEO. By successfully integrating various famous inspira tional brands, other companies that offer luxurious products, e.g.  Richemont and Gucci, which are now the division of French conglomerate, are doing the same. The assignment also covers Chateau d’Yquem, which is a part of the oldest variety of the group, the manufacturer of first-class vintage wine. In order to make possible the adjustments of cross-cultures, a challenge to train its expatriates for international projects is being faced by LVMH. Therefore, the process of adjustment, involving the training of the employee along with his/her family, would be accelerated. Currently, the language courses are being developed by both pre-departure and post-arrival training. Intercultural training needs to be completed shortly as there exists an international position that needs to be filled without any delay. Due to this short training, the pressure to perform is not executed on such employees. In few cases, new joiners are helped by subsidiaries and the permission is granted to trainees for preliminary field trips. However, as per rule, before sending a candidate to an international exposure, some former international exposure, for instance, through studies or previous professional exposure, must be possessed by him. The kind of business conducted by LVMH requires its employees to possess the mobility factor. Usually, the employees are not found turning down international projects and assignments but it has been observed that the factor that hinders the mobility of an employee is related to the spouse. To tackle this, those young graduates are offered international assignments who are mostly single and who realize the importance of such international assignments as these are likely to help them develop effectively.