The mail delivery video demonstrates various business terms through the usage of a slightly exaggerated real life example. A handful of the topics discussed in the video include corporate culture, incentives, business ethics, and goals. Upon analyzing the numerous topics one is able to not only understand the operation of a business, but also derive a personal management style. Moreover, by utilizing your management style one is able to solve several issues in the corporate structure. Throughout the Seinfeld episode the actions of Jerry and Newman evidently illustrate the impact of corporate structure on the work ethic of employees. For example, during one scene in the episode Newman is not awarded the transfer to Hawaii, and in response decides to “give up”. The mere fact that Newman lacked the desire to try harder demonstrates the skewed corporate culture of the Post Office. Corporate culture as discussed in class is a company’s beliefs, as well as actions, that determine the interaction of management towards outsiders and fellow employees. The actions of Newman illustrates the impact of a corporation culture, and management style on their workers. The corporate culture portrayed in the incentives video can be characterized as unmotivated, and as a manager there are several ways of addressing such an issue. My personal management style is rather strict, goal oriented, and aimed at satisfying consumer expectations. For this reason had I been manager I would of not
Bertrand Piccard quotes, “In the 21st century, the heroes will be the people who will improve the quality of life, fight poverty and introduce more sustainability. This is a powerful message, it sums up the concepts discussed throughout the course. Additionally, the case studies such as the New Belgium Brewery, SC Johnson and The Kimberly Clarke organization have been proven to practice this philosophy. As society progresses in its efforts to provide a more sustainable future, there is a fundamental foundation of principles that must be followed to ensure success. Sustainable business development takes into account the application of business operations as it relates to the three pillars of sustainability, which is a dynamic yet integrative place to begin this journey. DesJardins, (2006) calls for a re-imagination of the future to create a vibrant sustainable model; which forms similar beliefs to Piccard. In addition, organizations are more inclined to create sustainable practices based on consumer demand and the willingness of leadership to participate in sustainability programs.
We will ensure that care management discussions by the Interdisciplinary Team (IDT) focus on providing necessary services to meet the needs of the client based on the on-going clinical assessment of the individual.
Corporate Ethics programs are a tactic to promote ethical awareness amongst all employees within an organization at all ranks from entry level employees up to the executives. They provide great educational tools, providing employee knowledge on how to resolve ethical issues in any ethical dilemma they may encounter in their day to day activities or long term projects. They also assist organizations with increasing their performance therefore improving prosperity and making profits. Ethics programs help avoid scandals, by ensuring the organization abide by the laws in place, know how to respond when faced with a questionable situation, and how to report unethical actions they discover. Organizations must have a formal ethic plan in place to
With recent economic turmoil, ethical business practices have been thrown into the spotlight as a vital area with which companies need to improve on. Proper business ethics are vital for economic growth and progress as well as facilitating a productive and morally correct society. The United States has recently suffered large economic declines, the most significant of which occurred in 2001 and 2008. As the questions are asked and some answers given, the picture of big business not caring about the middle class individual is painted for the American people. Everyone has a finger to point, and many of these are aimed towards these large companies. With the blame falling on various financial institutions, people begin to dig deeper to
In past years, organizations believed business ethics was only a way of managing compliance of legal principles and adherence to internal regulations and policies. Today the situation is different. Attention to business ethics is on the rise and many companies realize that in order to succeed, they must earn the respect and trust of their employees and clients. Presently organizations are being pushed to better their business performance to stress legal, ethical and socially responsible behaviors. Organizations are held responsible for their actions as demand grows for higher standards of social responsible behavior. With that being said, what are some of the ethical responsibilities companies have with their employees, and why are they so important in our ever changing business world?
takes into account both equipment and labor. The tax credit amounts to a 30% credit for solar, fuel cells, small wind and various other PTC-eligible technologies, and a 10% credit for geothermal, micro-turbines, and Combined Heat and Power (CHP). Unlike the PTC, the ITC has a time commitment of only five years, and the tax credit is realized the same year the project begins operation. Ownership transfers are permitted, but if a project owner sells its assets before the end of the five-year period, the Internal Revenue Code allows the government to recapture the unvested portion of the credit. Thus, for example, if the project owner sells his interest to another party after three years, the project owner will need to pay back 40% of the investment tax credit it received when the project began operation.
This paper will explore the common issues of what a lot of companies face when dealing with employee relations and factors in the reality of some companies that go to the extreme into violating laws to hide illegal practices. These are not isolated cases; these bad practices are more common than we think they are. It really takes a good solid manager to successfully and positively deal with the issues in side with what is right for the company considering both factors: the stakeholders and the employees involved in the issue. Stakeholders are those who can affect or be affected by the organization’s actions, objectives and or policies. Actions can be
Corporate culture is the collective behaviour of people using common corporate vision, goals, shared values, beliefs, habits, working language, systems, and symbols. It is interwoven with processes, technologies, learning and significant events. In addition, different individuals bring to the workplace their own uniqueness, knowledge, and ethnic culture. So corporate culture encompasses moral, social, and behavioral norms of your organization based on the values, beliefs, attitudes, and priorities of its members.
Corporate Social Responsibility is essentially the idea that corporations should and have the responsibility to act outside of their own interest of profits and interest of shareholders. That a majority of the responsibility to fix economic, environmental, and social issues somehow weighs more heavily on corporations shoulders than our own. I am not in favor of this notion for several reasons to which I will argue. The definition and idea of CSR sets up more unanswered flaws and questions than it supposedly answers. It becomes a masquerade that highly profitable businesses can hide behind to gain customer loyalty and favor in the eyes of society,
CONCEPTS applied by the organization CAT (based on 3 units-communication skills, ethics and behaviour, goal settings)
Personal ethical standards are the basic principles and values that govern interactions among people. They can affect decision-making on a personal level and on a professional level. On a professional level, organisational culture is undoubtedly a factor that can influence personal ethical standards. Organisation culture can be defined as “the pattern of basic assumptions which a given group has invented, discovered, or developed in learning to cope with its problems of external adaptation and internal integration” (Schein 1985). Another researcher has described organisational culture as the “the collective programming of the human mind” (Hofstede 1984).
Corporate social responsibility is no more characterized by the amount of cash an organization adds to charities, yet by its general inclusion in exercises that enhance the nature of individuals ' lives. Corporate Responsibility has come up as a huge topic in the worldwide business group and is continuously turning into a standard movement. There is mounting response of the earth shattering impact the exercises of the private segment have on the workforce, demographic, the general public, nature,
Companies should come up with a vision that involves a strategy and company ethics for success. Vision is key in management and strategic plan in all businesses including the school system. (Ghavier, Afsari, Siraj, & Razak, 2013) The organization with vision driven strategy, policies, and procedures will enhance the company’s performance and will help in the change process (Ghavier et al, 2013). Benson (2015) stated that with accessibility of information, there is a need to share knowledge within businesses to create a sense of team work. Organizations coming up with a strategy to get all involved to perform at high levels. Involving ethics in the plan will help the company succeed in the strategic decisions. This paper will discuss the leader’s role in the business strategy decision-making, assess management style that will be efficient in the business plan and ethical decision-making to attain competitive lead. Also, strategic decision-making verse cross-culture virtual businesses will examine the differences.
ITC Ltd has worked exremly hard to start several procedures that have led to compliance of the standards of social responsibility. ITC’s dealings within the tobacco industry have contributed to the increase in company revenues and the company has worked towards following the triple bottom line and giving back to society. Most, businesses pay little attention to their social responsibilities and make it part of their overall strategy, instead they concentrate more on financial benefits from the sales of products. Consequently, managing business in a socially responsive manner contributes to the best combination of business success and societal acceptance, trust and loyalty. Giving back to the community in ways that benefits only society such as planting trees to curb pollution and help the environment or using biodegradable materials in packaging can reap financial benefits to a company by building loyalty among the community. The notion of business ethics and corporate social responsibility is becoming a defining concept in all industries worldwide. ITC believes in the Triple Bottom Line philosophy where the performance and perception of a corporation should not be judged only on the basis of its financial statements or revenues, but its environmental and social performance as well. ITC is one of the only companies in the world to be carbon positive, water positive, and conduct solid waste recycling. ITC provides water to areas where water is very
Geert Hofstede is one of many sociologists that studied and emphasized the importance of ethics and culture in an international business environment. He contended how the culture of the leaders and staff can help one to determine the achievement or ineffectiveness of that business. Rue & Byars described leadership as an ability to influence people and willingly follow one’s guidance or adhere to one’s decisions (Rue, Byars, 2009). The most successful CEO’s and leaders have a well-defined strategic vision, strong passion for the job and the people that work for them and most importantly excellent communication skills. The leaders and managers are the ones the set, define, and shape the culture. They have to be aligned with the culture they intend to lead in order for it to be effective. They must also have a culture that is inseparable from the company they are employed at. Ethics, culture, and global business responsibilities are an integral part of everything the business does. The overall goal is to connect globally and build multinational industries. Unfortunately, due to the number of increasing public scandals international entities have developed various strategies such as policies, processes, and codes of conduct to prevent ethical issues. It’s not only the leader that should be held responsible but the entire corporation. Their lack of responsibility or unethical behavior are one of the many reasons that a business reputation can be damaged. It also prevents