The review of the firm’s policies in the areas of labour and environment led to the conclusion that additional measures should be taken in order to improve the organizational performance on this field. Through this letter, a series of initiatives are suggested to the Local…
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on of the right to collective bargaining’ (UN Global Compact, labour); the above principle is based on the ‘ILO Declaration on Fundamental Principles and Rights at Work’ (UN Global Compact, labour). The other principle addressed in this letter is the 9th Principle: ‘businesses should encourage the development and diffusion of environmentally friendly technologies’ (UN Global Compact, environment); this principle is based on the Rio Declaration on Environment and Development (UN Global Compact, environment). Both these principles should be enhanced across the organization. The firm’s existing practices in regard to labour and environment could be summarized as follows: ‘a) continuous improvement of the training programs provided to its employees, b) promotion of integrity across the organization, c) emphasis on the personal development of employees, d) promotion of innovation – encouraging employees to work on innovative projects’ (General Electric, Careers, 2010). Our suggestions in regard to the alignment of the firm’s practices with the UN Global Compact focus on the following issues: a) implications of these policies for the business, b) the positive and negative of the business as also of other organizations on similar practices, c) the risks of these policies for the firm’s stakeholders. Under these terms, we suggest that the following measures should be taken in order for the principles of UN Global Compact – as described above – to be successfully implemented in the Local Network:
i. Current form of collective bargaining used across the organization should be restructured; emphasis should be given to the development of HR management policies that would focus on the needs of each employee – referring to a individualized HRM-based approach (Edwards 2004, 7338); moreover, ‘gaining a bargaining advantage over unions’ (Klasa et al. 2009, 421) should become a priority among the firm’s HR policies; the firm’s existing HR
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(Communication in Business Essay Example | Topics and Well Written Essays - 1750 Words)
“Communication in Business Essay Example | Topics and Well Written Essays - 1750 Words”, n.d. https://studentshare.org/miscellaneous/1570434-communication-in-business.
………….. ……………. Dear Executive of the Local Network Submission to Local Network Introduction Hyundai Motor Company is the world’s fourth largest automobile manufacturer. According to the previous ranking Environmental Protection Agency of top automobile manufacturers in carbon oxide emissions and fuel efficiency, Hyundai scored highly since we have developed green cars that promote environmental sustainability.1 Hyundai has diversified its services in other areas like infrastructure, healthcare, transportation and education.2 Hyundai Motors has been fulfilling its corporate social responsibility and constantly engages in activities that improve the welfare of the public.
As a company, we recognize the need to accord respect and understand the diverse cultures and individuals in the society. The sustainability in the society will lead to indispensability, which is a supporting ideology in the community. As a company, sustainability is a key value of Corporate Social Responsibility (CSR) thus supporting our aspiration to work with the local community in development of funds for sustenance1.
Its operation is also global and has a dominant presence in “Europe, North America, Asia Pacific, South America, Africa, and Middle East countries2. AS of the financial year December 31, 2011, the company posted a net earnings of E73,497 million ($102,339.1 million which is a substantial 15% increase from the last financial year’s profit in 2010.
Simply put as “save money-live better” Wal-Mart Corporation expects its consumers around the world to save money and live better lives. Wal-Mart Corporation’s mantra of “save money, live better” has made the corporation attractive and favorite in the eyes of some consumers from different countries.
The pros and cons of taking this step have been discussed in the project. A SWOT analysis has been provided to understand feasibility of the situation. The presence of a large population along with a large pool of technical talent has acted as an attractive force for the company.
On one end of the debate, there is a group of supporters who subscribe to the highly Anglo-Saxon ideologies of economics, wherein greater significance is given to the economic / financial aspect of business with little or no regard to the social issues (Godfrey and Hatch, 2007; Nelson, 2004).
So, besides using clear and unambiguous language, the other challenges usually encountered in these kinds of settings are communication styles (whether low-context or high-context), attitudes towards conflicts and their manner of resolution, concepts of urgency and sense of priorities, approaches used to the idea of task completion, decision-making styles, different ways of knowledge acquisition, and the extent of disclosure expected (such as in conflicts, misunderstandings, problems at work, in personal information and even emotions related to work situations).
This thrust towards privatization seems to be relevant in the sense that time and again various private and public studies and reports have stressed upon the inefficiency, corruption and the lack of accountability rampant in the state run facilities. The disturbing question that emerges in this context is that should the sensitive and socially vital institutions like the prisons be exposed to the gross blunt of privatization Should the private corporations be allowed to handle the socially crucial institutions like prisons Pragmatically speaking, private corporations are certainly not the qualified and valid entities to be trusted with the management and administration of law and order relat
This thrust towards privatization seems to be relevant in the sense that time and again various private and public studies and reports have stressed upon the inefficiency, corruption and the lack of accountability rampant in the state run