International Business for High Skilled Workers - myassignmenthelp

Question: Discuss about theInternational Business for High Skilled Workers. Answer: Migration of High Skilled Workers in Australia in IT and Education and Porter Diamond Model Background Skilled workers in the Information and technology sector have been witnessed to migrate from other Australia to other parts of the world. Migration of these workers can be resulted by a number of factors which may vary from IT and Education. There is also a model of the Porter Diamond that can be used very effectively to understand the concept of the migration of the skilled workers and suggesting ways on how the industries and different organizations in Australia to retain the skilled workers. The model would as well help the companies to compete globally and resemble a diamond (Cavusgil, 2014, p.104). Migration of High Skilled Workers in IT and Education; Australia The Information and technology industries in Australia, such as; IBM, Canon, Cityrix and Fujitsu have experienced migration of their skilled workers together with education industries in both private and government sector. One of the causes to this problem is the issue of the firm strategy. Due to the high competition between these companies in Australia, Information Technology positions that can accommodate these workers is limited. The IT industries has been faced with high competition which in turn is not productive as expected. According to this model, competition can hike due to the demand condition and the nature of the customers. When the demand for the product is low in Australia, there is less job opportunities and therefore, workers may migrate to other places. Small organizations in Australia, like the ones that are in specific regions like New South Wales, Victoria or any other region but are not international are as well leading to migration of the skilled workers. According to the model, there is the issue of the related supporting industries. The domestic industries in Australia that are IT based like Telstra and Computershare have acted so well in equipping the workers with high quality standards skills. Afterwards, the company workers achieve the international standards in the IT knowledge. They migrate to other countries or other organisation for higher security of their skills and job as well as well-paying jobs. (Riasi, 2015, p.18). There are also other factors like technological innovations, infrastructure and also capital that can arise for the companies. For instance, when a new ICT strategy is to be implemented in the broadcasting corporations in corporate countries, it is possible for the Australian workers to move to those places so as they can facilitate it because Australia has qualified IT experts from the related supporting industries in the state. Workers migrate from the Australian education industries because of the chances around them. It is a result of more specific benefits that the workers ought to secure. Exchange rates, wars and decisions that may be taken by a foreign government can arouse the quest to migrating from an Australian industry to those countries. When there is a higher demand for high skilled experts in outside Australia, the education experts are more likely to shift attention towards migration to those states. Australia is known for giving education industries a high priority and thus, trained workers in different disciplines have been migrating every year, for instance, there are very many Australian Educators in Asia who have migrated due to various reasons. References Cavusgil, S.T., Knight, G., Riesenberger, J.R., Rammal, H.G. and Rose, E.L., 2014. International business. Pearson Australia. Fainshmidt, S., Smith, A. and Judge, W.Q., 2016. National Competitiveness and Porter's Diamond Model: The Role of MNE Penetration and Governance Quality. Global Strategy Journal, 6(2), pp.81-104. Khoo, S.E., 2014. Attracting and retaining globally mobile skilled migrants: policy challenges based on Australian research. International Migration, 52(2), pp.20-30. Riasi, A., 2015. Competitive advantages of shadow banking industry: An analysis using Porter diamond model. Business Management and Strategy, 6(2), pp.15-27.