Efficient Ethical Standards for a Company - Essay Example

The firm convincing reports exemplify an escalation trend for the past ten years of operation. However, gauging it against the demands of the international market, the company has to heighten its performance, especially the workforce and its budget. This is via establishing adequate and effective measures for developing its human asset and a reward system meant to track employees’ performance. Hence, preparing for its future global debut where it will be able to handle competition emanating from similar operating corporations. In attaining this, the company should institute efficient ethical standards, which will boost its general performance and especially those of the executives, since approximately 90% of the corporation’s future leadership/management will emanate from the workforce already evident in the firm.   Despite having shown significant progress over the past ten years, the company lacks the requirements which are key aspects before venturing into the international market. These requirements are mainly resources that entail both human and physical assets, for instance, adequate funding (AMA, 2007). The company ought to establish an effective mechanism directed toward identifying high-performing employees and a reward system. Since an executive normally assumes the central role in enabling an organization to reach and establish itself in the competitive global market, a slight fault might yield to its collapse if its management is incompetent (Kimberly, 2008). Besides, the firm should concentrate on internal operations while correcting the evident inadequacies like evaluation of their workforce performance, motivation, augmenting budget, and managerial training. This is because, during expansion to the global levels, it will utilize almost 90% of its management besides incorporating extra experienced international executives Hence, reducing numerous wrangles and divisions that are currently evident in the workforce where some are contented with the firm’s current position (AMA, 2007). Read More