Ethics Paper MGT498 Ethics Paper One of the biggest things that big named organizations sometimes tend to forget is that when difficult decisions must be made, they affect everyone within that organization. Whether it be budget cuts leading to loss of hours or layoffs, lower stocks percentages for the shareholders or it can even change things positively, and require more production of hiring. Either way, when issues come up and things change, it is important to keep everyone involved well informed and made in the best interest of those directly affected. In the business world, corporations have a responsibility to the employees as well as the stakeholders to be ethical in their decision making by staying true to their beliefs and behavior to society. When unethical decisions are made, everyone involved in the corporation and its well being are affected in a negative way and will jeopardize the well being of the business.
In term of politic that will affecting the 99 Speedmart is government policy. This is because the government policy gives opportunities for growth and profit an attractive manufacturing and export base in the region. Government commits to maintain the business environment that providing companies with the opportunities for growth and profit. However the changes in government policies may either affect positively or negatively. In negatively of the government policy is they can block business operations such as finance, marketing, or property and automatically it become risk for 99 Speedmart businesses.
The giants do so to satisfy their excessive greed and attain more control over all aspects of life within their reach. In order to keep such corporate greed in check and to help the government be more productive, a well informed and altruistic public has to use its authority as the customer to boycott the products of such voracious companies. And with the support of a powerful media, the message can not only be sent to the corporate executives, but also to gather more supporters. To appease their customers, when executive greed becomes a public ally, lobbyists who assist the giant corporations, will conform and pursue the welfare of
LEADERSHIP AND MANGEMENT IN SOCIAL CARE Identify factors that influence policy drivers One factor is cost, businesses around the globe are looking and always will be looking for cost effective ways of doing things to get either the same out come or an improved outcome, one way health and social care has changed and will continue to change is because of cost implications, the economic (recession) has impacted on cost and one thing that this has had a impact on is the level of 1:1 support needed by service users, this is not to say they do not receive good quality care and support it means assessments are done by local social services who see where they can cut funding for the individual’s, this also has financial implications for staff as
The BBC is a public company whose purpose is to provide a service without the intent of making a profit. The aims and objectives they have differ from the initial purpose the company was created, but the aims and objectives help the company fulfil the purpose more efficiently. As an owner the influence must be vital for the customers concerns and also employees. Simply because the owner is the stakeholder who runs things within the business organisation. So if anything goes wrong, for example if the BBC organisation was shut for a full one whole day it would affect the organisation a lot because the customers expect to see the broadcasts, hear the radio and read the online.
The stress of the audit partner is tremendous and choosing that profession is one that I would prefer not to undertake. The anxiety and pressure to certify that a company’s financial records are in good standing can be daunting. 3.) Independent auditors are sometimes perceived as the “necessary evil” by corporate executives because of the possibility of exposing corruption. To change this point of view an auditor can try to explain their intent to educate and improve the company’s policies, which can in turn lower costs.
The driving forces that are currently affecting the payday lending industry are entry or exit of major firms, regulatory influences and government policy changes, marketing innovation, and lastly changing societal concerns and attitudes. The entry or exit of major firms can change a firm’s profitability especially the three main pay day businesses that are present. Regulatory forces heavily influence the pay day industry because they need to adhere to the law and presenting themselves in accordance to regulation in order to avoid penalties (if
The work force of today has no problem with questioning authority and challenging the old way of doing things. If a leader can control the situation and guide and direct the feelings and focus of the work force, then this could be a good thing. We have learned that challenging the process is what actually makes for continual process improvement. Many fought against that in the past, GenXers embrace it as a daily thing that is necessary for growth in the company and the market. The mindset of the GenXers were shaped by a shocked and unstable world economy, world violence, politics, and less than reputable businessmen and women who continued to control the direction of those appointed below them.
• Political • Economical • Social • Technology ”The PEST analysis is a useful tool for understanding market growth or decline, and as such the position, potential and direction for a business. A PEST analysis is a business measurement tool” http://www.businessballs.com/pestanalysisfreetemplate.htm Examples of influences required changes are for instance a government change a law or cancel a big order thus the consequences for the organization are financial problems , overproduction. However changes may be less dramatic for the business for example implementation of new software for more effective work. Section 2 – Understand the purpose of supporting change in a business environment 1. Identify
CREATING SHARED VALUE Is CSV an attempt to legitimize bad business practices? According to the article “Contesting the Value of creating shared value”, in Michael Porter point of view, “CSV compliances with the law and ethical standards, as well as mitigating any harm caused by the business”. In fact, there is a viscous circle between business and society and companies have being seen as creating profits at the expense of the community, and not creating profits that automatically benefits the community. Because of that, the government has increasingly perceived business as a problem, as a source of bad practices in society and starts to regulate, to control the tax, so political leaders are unable to pursue business in friendly public policies because the political environment almost forced them to be tuff the business despite the fact that business and society need each other. There are many things that company can do that don’t involve the trade-off, and that’s what company should focus on.