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During the 10 years before the financial crash in 2007/8, nearly all large listed companies failed to reach pre and post-tax ret - Essay Example

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Companies Failure to Reach Pre and Post-tax Return About a decade before the financial crisis, many listed companies failed to reach the pre and post-tax return on capital employed targets. Organization management played a crucial role in the organizational failure and frustrations of the institutional investors…
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During the 10 years before the financial crash in 2007/8, nearly all large listed companies failed to reach pre and post-tax ret
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"During the 10 years before the financial crash in 2007/8, nearly all large listed companies failed to reach pre and post-tax ret"

Download file to see previous pages Flaws in the ethical dimension of the management led to unhealthy approach to organizational preparedness. Most of the listed organizations lacked strong governance and sustainability elements. The long-term economic, social and environmental performances were negatively impacted. This gave rise to poor operations and stakeholder communications in the listed companies. Sustainable companies tackle issues upfront. Most of the organizations failed to understand that their survival was bound by other factors other than economic. For the last ten years or more, organizational success has been function of environmental and social success (Thornhill et al 2003). Macroeconomic factors had a profound effect on investor and stakeholder confidence in the listed companies. Sustainable performance is a collection of economic, social and environmental results that all organizations to succeed in the long-term. It should be an integral part of the listed companies. The effectiveness of sustainable performance in the companies was compromised by the poor stakeholder communications (Braksick 2007). Most of the listed companies had sustainability programs which were never deliberated at the organizational level. ...
Technology and innovation was creeping into the market (Thornhill et al 2003). Therefore, some stakeholder contributions were perceived to be less important. Coupled with market dynamics, rising globalization and resistance to change, it increasingly became clear that pre and post-tax return on capital targets were hard to be achieved. Most of the listed companies lacked the necessary creativity and innovation to respond to the strategic needs of the organizations. Rather, most of the listed companies focused on traditional approaches for organizational management. Traditional approaches are primarily focused on understanding the micro business performance solely (Drummond 2009). This created insufficiency in achieving the targets set by institutional investors (Thornhill et al 2003). Managing listed companies demands creation and optimization of stakeholder value. A major objective of the management must to win stakeholder confidence since this is likely to attract increased revenues. The management of listed companies must be constituted and structured to achieve the balance between conformance and performance (Thornhill et al 2003). Over the last decade before the beginning of the 2008 financial crunch, many stakeholders were not conversant with the organizations’ business models (Davis at al 2001). This involved operating environmental and creation of sustainable stakeholder value. Studies show that stakeholder involvement in vital in achieving the organizational targets. Most of the listed companies had weak institutional capacity to ensure periodic measurement of the organizations strategic direction. This made it difficult to take drastic measures when the organization was heading in the wrong direction. ...Download file to see next pagesRead More
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