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Ship Management Business - Coursework Example

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"Ship Management Business " paper explains how the social responsibilities of ship management business managers have changed over the years and what and how is a major part of their business policies, and gives relevant examples of genuine Companies. …
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Ship Management Business
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Download file to see previous pages The systems approach of managing suggests that an organization being a subsystem of a broader societal system, has to work within the framework provided by the society and its various constituents. These constituents are combined to constitute an environment for an organization. “Environmental planning and research help improve our environment and lessen the effects of people .” In order to attain this end, individual managers and his organizational environments are in a complex state of interaction with each other, and the organization itself is in a state of interaction with its environment. The environment in a ship management organization is classified as both internal and external because it works within the framework provided by the various elements of society. Hence, nowadays the number of researches was done by well known maritime economists on “shipping in the era of social responsibility.” They contributed with their innovative research to the founding and development of subjects related to the social act of shipping including loss of life, accidents, and pollution. This is work during the last many years makes awareness of the shipping industry to inspire many maritime economists & shipping managers. One of the most important challenges shipping faces today is to achieve the seemingly conflicting aim of increasing commercial competitiveness and fulfilling stakeholders’ expectations for socially acceptable behavior of the industry.

“ Social responsibilities (SR) of managers, Particularly in business organizations, have, of late, been one of the most talked-about and widely supported subjects2.” It refers to businessmen or managers’ decisions and actions taken to reason at least partially beyond the firm’s direct economic or technical interest. By social responsibility we mean the intelligent and objective concern for the welfare of society that restrains individuals and corporate behavior from ultimately destructive activities, no matter how immediately profitable, and lends in the direction of positive contributions to human betterment.  ...Download file to see next pagesRead More
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