Ethical aspect in management Assignment Example | Topics and Well Written Essays - 2250 words

Ethical aspect in management - Assignment Example Managers are struggling nowadays to improve the skills of individuals in order to meet the market expectations. As people from all around the world are in contact to do business, therefore unawareness to culture and norms of one another results in unethical practices and values occur in the business environment which results in decrease of trust and eventually huge losses are born by the organizations due to misunderstandings, thus managers have started to make sure that unethical values and practices are not occurring in their organization by using the methods and techniques of management under the light of theories and functions of management. To ensure the standard of ethics in an organization managers have to work hard to set the rules and they have to communicate the code of ethics to each and every employee so that everyone gets the information about the ethical standard which is required to be maintained in the organization. Managers also spend their time to monitor the busine ss carried out in the organization so that employees should develop the sense that they are not at their own to do whatever they want. It is suggested that simply caring for the utility and rights of others and justice while dealing in a business environment ensures that ethical values are being practiced in the organization. (b) Introduction: Management is the ability which is instinctively present in humans however some people are better managers than others because of certain factors which help them polish their ability more than others. Management means different things to different people (Haimann, 1974) but when this term is used in an environment related to business it refers to a process. What is Management' Defining Management The process of planning, decision-making, leading and controlling the available resources of an organization such as man-power, finance, machines and information in order to achieve the organizational goals in the best possible way is called management. Good management results in completion of projects using the resources wisely and in a cost effective manner in accordance with making right decisions and implementing them successfully (Portny, 2007). Management in Modern World Due to its importance in every organization and business environment, management has emerged as an important subject area which is widely studied and practiced all over the world. With the gigantic increase in the population of the world, productivity has emerged as a serious problem in the business organizations because the demand for the product has suddenly increased and despite of having capital and demand of product in the market, organizations are not able to increase their production due to lack of skilled labor (Malhotra, 1997). Therefore, the managers have started to think and search for methods and techniques to fulfill the customer's demand by using the existing labor. Management on this outline is the modern management and in this era managers struggle to improve the performance of the employees individually which in turn results in the improvement in the production of the organization. Management is a complex process because managers have to keep eye on various aspects at the same time therefore

Corporate social responsibility in the global business community Assignment

Corporate social responsibility in the global business community - Assignment Example Also, it changes the business entrepreneurs perception towards business and society. Today, business is not just about profits, but it is more about profit sharing with society and employees (Kiran & Sharma, 2011). The majority of the world-renowned firms and organizations, for instance, the world bank, as well as European Commissions are mostly actively promoting and supporting the concept of Corporate Social Responsibility. However, Modern corporations attempt to put significant focus on the politics, economy, and the society of a country (Baxi, 2006). Perhaps, the developing nations are supposed to focus more on the Corporate Social Responsibility implementation and from the planning process. In addition, they can form alternatives to lifting the development of the social sector, and a suggested way is to develop viably and strategized public-private partnerships. Currently, the greatest challenge for most governments is on how to create Corporate Social Responsibility practices policies aa well as nurture a framework that is durable and would assist society and companies to translate the public policies to deliverables (Kiran & Sharma, 2011). Therefore, the paper focuses on defining CSR, identifying a global business that implements a CSR strategy, explain why, how, and where the global market they implement their strategy. The overall objective of the paper is to get a better understanding of how and why global companies are becoming more responsible. The paper also include the interpretation and conclusion. Nestle is one of the global renowned and largest, beverage and food companies. Nestle is a very old organization that started its activities almost 130 years ago. Its key success is innovations of its product. Alongside with its innovative capabilities, its brand business acquisitions that have made it be the large food firm all over the world. However, with time the passing, the Nestle company has swiftly grown and penetrated into the production of