Studentshare
Subjects
Management
Contemporary Issues for Business and Society

Contemporary Issues for Business and Society - Assignment Example

Summary

Modern business is facing intense challenge from various issues like equality of the employees, organisational structure and agency problems, social structure or diversity, globalisation affects, supply chain management, and environmental responsibilities. According to Aḥmad…

Download full paper File format: .doc, available for editing

GRAB THE BEST PAPER94.6% of users find it useful

Contemporary Issues for Business and Society

Read Text Preview

Subject: Management
Type: Assignment
Level: Undergraduate
Pages: 10 (2500 words)
Downloads: 4
Author: ilaterry

Extract of sample "Contemporary Issues for Business and Society"

Download file to see previous pages

In the current era organisations are making charities, voluntary actions, they are also using energy in a sustainable manner (International, 2006). Global organisations are promoting healthy work atmosphere, compensation and reimbursement policy as per the social and environmental factors. Globalised operational structures are demanding flexible strategic development. Global organisations are making social audit to produce the report to meet the demands of the stakeholders. In the current study, ‘Responsible Management audit’ of Nike is done in terms of meeting the above mentioned challenges.

Various UN Global Compact Principles are contrasted on behalf of the Nike and annual ‘Communication on Progress’ report is stated to evaluate the topic (About.nike.com, 2015). UN Global Compact can be defined as a set of strategic guidelines scheme that are aligned to the operations and strategies of global firms. Guidelines are developed as per various factors like the human rights, labour, environment and anti-corruption. These factors are helping organisations to develop sound CSR strategies and maintain the benefits of their stakeholders.

These guidelines are developed as per affects of the globalisation (Aḥmad and Crowther, 2013). Firms are able to maintain increased benefits for their market segment, and business associates. UN Global Compact scheme will increase the use of emerging technologies and feasible investment option in the global market. Henceforth, firms can increase their contribution on the national and international economies and societies. Global organisations like Nike, is facing intense challenge from the diversified social, political and economic factors of the market.

Such challenges are restricting profitability and growth in international market (Berliner and Prakash, 2012). In the international footwear and sportswear industry Nike is holding the leading position. The American based multinational manufactures and designs athletic

...Download file to see next pages Read More

CHECK THESE SAMPLES OF Contemporary Issues for Business and Society

Contemporary issues in human resource management

The study aims at highlighting the contemporary issues involved in human resource management, such as discriminations, job stress, safety issues, emotional labour, diversity, and employee burnout.... This study aims at discussing an important issue of human resource management,with the example of a recent incident that occurred in Virgin Australia Airline's flight....

5 Pages (1250 words) Assignment

Contemporary Issues in Business and Management

It is an undeniable fact that a business does not exist or operate in vacuum rather it operates in an environment that directly influences the operation of the company (Gitman and McDaniel, 2008).... … It is an undeniable fact that a business does not exist or operate in vacuum rather it operates in an environment that directly influences the operation of the company (Gitman and McDaniel, 2008).... The environment in which an organization persists is often referred to as the external business environment....

7 Pages (1750 words) Essay

Contemporary Business

Contemporary management issues can be understood from the standpoint of business ethics and learning organization theory.... business ethics concept has been used by many academic scholars to distinguish between successful and unsuccessful organizations....

8 Pages (2000 words) Term Paper

Responsibility of a Critical Thinker in a Contemporary Society

Several actions undertaken by people and cultures typically require questioning and filtering for them to fit well in the society.... Major issues and practices… ertaken in the society recurrently are in need of reforms and redesign, and these are some of the sections that critical thinkers are dearly needed to transform.... Numerous societal concerns including health matters for instance obesity, smoking and corresponding underage drinking The responsibility and roles of a critical thinker in a contemporary society is majorly to sparks, re-energizes and invigorate the change nucleus or focus in the outlined society highlighting on various segment that need change and providing timely change as treated relevant to the discipline....

14 Pages (3500 words) Research Paper

Causes of Enrons Failure-Bankruptcy

orporate managers are expected to maximize shareholders' returns and increase business value.... business ethics are a set of rules and precepts required in the preparation and reporting of financial information.... The Enron Scandal was revealed in 2001 and led to the bankruptcy of the Enron Corporation and the dissolution of Arthur Andersen, which was one of the largest audit and accountancy partnership in the world....

10 Pages (2500 words) Essay

Contemporary Business Issues

Plenty of organizations have taken a serious look at their corporate social responsibility policies in recent years (Employee Benefits, 2005) and largely this is attributed to external pressure from society in regards to ethical issues.... This work has been designed to shed light on modern business practices and compare decision-making effectiveness through utilisation of business case philosophy.... With the question in mind of whether a "business case" is a vital tool for organisational decision-making....

24 Pages (6000 words) Term Paper

Corporation Power over Society

"Corporation Power over society" paper analyzes the role of the corporations and their attitudes as well as powers over society in the contemporary context.... rdquo;… Another potential boundary in the sphere of influence of corporations on society is that legitimate corporations do not need to be necessarily a socially responsible unit.... Its impact on society and other stakeholders is quite considerable and needs a comprehensive explanation (Stanford University Press, 2014)....

9 Pages (2250 words) Coursework

McDonaldization of the Contemporary Society

This paper ''McDonaldization of the Contemporary society'' tells that the contemporary society is a reflection of the historical developments that have occurred in the society over a period of time, such that certain cultures that were new to the society some two decades ago have become perfect contemporary social practices.... hellip; Ritzer, a contemporary social theorist developed the concept of McDonaldization over two decades ago, when he first wrote the book The McDonaldization of society in 1993, predicting that the American society, and consequently the global culture is tending towards the adoption of the fast-food culture (Ritzer, 2009)....

10 Pages (2500 words) Essay