Free Essay

Business Management

In: Business and Management

Submitted By Lb2933
Words 1123
Pages 5
hapter 2 4. What do you think should be the role of MN s toward human rights issues in other countries? What are the major human rights concerns at this time? What ideas do you have for dealing with these problems?
What is the role of corporate codes of conduct in dealing with these concerns?
I think that MN s should seek to strike a better balance between their responsibility to shareholders and to society at large. They underestimate the influence that they have in countries like hina, who want the investment as much as the companies do. I believe that they should push their host country partners for human rights improvements by explaining to them that it is economically beneficial in the long run, to have international public opinion on their side. Some of the major human rights concerns currently involve forced labor in factories (or sweatshops), where workers of all ages are operating in poor conditions for meager wages. Then there is the more visible media censorship that goes on in many countries. Most companies in response to similar problems have created codes of conduct or taken it a step further and banded together to have a unified charter. They’ve had success in at least publicizing issues. Solutions to the above are deceptively complex though. For one, crudely branding factories
“sweatshops” and forcing broad reforms will raise manufacturing costs and put companies out of business. The jobless workers may end up resorting to illegal professions or working in hazardous landfills collecting scrap metals. MN s should instead be mandated to have reviews of their factories done by independent agents to see where improvements are needed. Media censorship is done in order to maintain a level of control over the population. In order to have these controls loosened the offending government would have to be convinced that they don’t have to fear social upheaval. In fact, censorship often has the opposite effect by making a situation more volatile. This is an impossible task for a MN , but if done incrementally by a company with direct dealings with the issue (Google, Yahoo, etc), than some gains can be made. 7. What do you think are the responsibilities of MN s toward the global environment? Give some examples of MN activities that run counter to the concepts of ecological interdependence and sustainability. The management of environmental interdependence includes the need to consider ecological interdependence, as well as economic and social implications of MN activities. Examples of problem areas in environmental interdependence include the export of hazardous wastes from developed countries to less-developed ones and the exporting of pesticides. Chapter 3

1. What is meant by the culture of a society and why is it important for international managers to understand it? Do you notice cultural differences among your classmates? How do those differences affect the class environment? How do they affect your group projects? The culture of a society comprises the shared values, understandings, assumptions, and goals that are passed down through generations and imposed by members of the society. These unique sets of cultural and national differences strongly influence the attitudes and expectations and therefore the on- the- job behavior of individuals and groups. It is important for managers to understand the cultural variables because these determine basic attitudes toward work, time, materialism, individualism, and change. Such attitudes affect an individual's motivation and expectations regarding work and group relations, and ultimately affect the outcomes that can be expected as a result of those work and group relations. Students will have differing perceptions of their international classmates.
3. Discuss the types of operational conflicts that could occur in an international context because of differences in attitudes towards time, change, material factors, and individualism. Give examples relative to specific countries. International managers often face conflicts in the workplace as a result of differences in these four basic values of time, change, materialism, and individualism. If these operational value difference and their likely consequences are anticipated, managers can adjust expectations, communications, work organization, schedules, incentive systems, and so forth to provide for more constructive outcomes for the company and its employees. To Americans time is a valuable and limited resource; it is to be saved, scheduled, and spent with precision, lest we waste it. The clock is always running – time is money. Therefore, deadlines and schedules have to be met. Similar attitudes toward time are found in Western Europe and elsewhere. In many parts of the world, however, people view time from different and longer perspectives often based on religious beliefs, on beliefs in destiny, or on pervasive social attitudes. The word bukra in Arabic can mean “tomorrow” or “sometime in the future.” While Americans usually regard a deadline as a firm commitment, Arabs often regard a deadline imposed on them as an insult.
They feel that important things take a longtime and therefore cannot be rushed. International managers have to be careful not to offend people – or lose contracts or employee cooperation – because they misunderstand the local language of time. Based largely on long-standing religious beliefs, values regarding the acceptance of change and the pace of change can vary immensely among cultures.
Western people generally believe that an individual can exert some control over the future and can manipulate events, particularly in a business context – that is, individuals feel they have some internal control. In many non-Western societies, however, control is considered external; people generally believe in destiny, or the will of their God, and therefore adopt a passive attitude or even feel hostility toward those introducing the “evil” of change. In large part, Americans consume resources at a far greater rate than most of the rest of the world. Their attitude toward nature – that is there to be used for their benefit – differs from the attitudes of Indians and Koreans, for example, whose worship of nature is part of their religious beliefs. Whereas Americans often value physical goods and status symbols, many non-Westerners find these things unimportant; they value the aesthetic and the spiritual realm. Such differences in attitude have implications for management functions, such as motivation and reward systems, because the proverbial carrot must be appropriate to the employee’s value system. In general, Americans tend to work and conduct their private lives independently, valuing individual achievement, accomplishments, promotions, and wealth above any group goals. In many other countries, individualism is not valued. In hina, for example, much more of a “we” consciousness prevails, and the group is the basic building block of social life and work. For the hinese, conformity and cooperation take precedence over individual achievement, and the emphasis is on strength of the family or community – the predominant attitude being, “We all rise or fall together.”…...

Similar Documents

Premium Essay

Business and Management

...org/ijbm International Journal of Business and Management Vol. 5, No. 9; September 2010 A Study of the Impact of Business Process on the ERP System Effectiveness Wen-Hsien Tsai (Coresponding author) Department of Business Administration National Central University, Jhongli, Taoyuan 320, Taiwan E-mail: whtsai@mgt.ncu.edu.tw Shu-Ping Chen Department of Business Administration National Central University, Jhongli, Taoyuan 320, Taiwan E-mail: irwin26@mail2000.com.tw Elliott T.Y. Hwang Department of Information Management Chung Yuan Christian University, Jhongli, Taiwan 320, Taiwan E-mail: eliott01@ms3.hinet.net Jui-Ling Hsu Department of International Trade Feng Chia University, Taichung 407, Taiwan E-mail: jlhsu@fcu.edu.tw Abstract An ERP implementation takes many years to complete and requires a large amount of IT investment and their effectiveness is hard to evaluate. Companies implement ERP systems to integrate the business processes of a company, and help organizations obtain a competitive advantage. In each ERP implementation stage, Business Process Reengineering (BPR) plays different important roles. This study examined the process problems (system process / business process), BPR and performance of ERP systems by using the questionnaire survey and AVOVA analysis. We also examined the relationship between degree of BPR and ERP system performance using regression analysis. Keywords: Enterprise Resource Planning (ERP), Business Process Reengineering (BPR),......

Words: 6246 - Pages: 25

Premium Essay

Business Management

...Business Man 1 Intro to Bus Man as science - Study Unit 1 & 2 Man science uses a scientific approach to solver many problems. Used in variety of orgs to sove different types of problems. Encompasses a logicical mathematical approach to problem solving 1.1 Man science process • Observation - Identification of a problem that exists in the system or organization. • Definition of the Problem - problem must be clearly and consistently defined showing its boundaries and interaction with the objectives of the organization. • Model Construction - Development of the functional mathematical relationships that describe the decision variables, objective function and constraints of the problem. • Model Solution - Models solved using management science techniques. • Model Implementation - Actual use of the model or its solution. 1.2 Factors of production Natural resources i.e. crude oil Capital i.e. investors Labour i.e. technical and academic Entrepeneurship i.e. takes capital and link labour and natural resouces combined with risk to provide goods and services. Knowledge i.e. to determine wants and needs quickly and to respond to them with products and services. 1.3 3 Most NB Economic systems = Capatalism, Socialism and Communism 1.3.1 Capatalism Free market system Built on principles of private ownership Is based on the right to make a profit, right to compete and the right to own property. System is market driven and the solutions to a country's economic......

Words: 9542 - Pages: 39

Premium Essay

Business Management

...Page » Business and Management Business Strategy In: Business and Management Business Strategy Section B: Strategic Management (50 Marks) Objectives: (a) To develop an understanding of the general and competitive business environment, (b) To develop an understanding of strategic management concepts and techniques, (c) To be able to solve simple cases. Contents 1. Business Environment General Environment–Demographic, Socio-cultural, Macro-economic, Legal/political, Technological, and Global; Competitive Environment. 2. Business Policies and Strategic Management Meaning and nature; Strategic management imperative; Vision, Mission and Objectives; Strategic levels in organisations. 3. Strategic Analyses Situational Analysis – SWOT Analysis, TOWS Matrix, Portfolio Analysis – BCG Matrix. 4. Strategic Planning Meaning, stages, alternatives, strategy formulation. 5. Formulation of Functional Strategy Marketing strategy, Financial strategy, Production strategy, Logistics strategy, Human resource strategy. 6. Strategy Implementation and Control Organisational structures; Establishing strategic business units; Establishing profit centres by business, product or service, market segment or customer; Leadership and behavioural challenges. 7. Reaching Strategic Edge Business Process Reengineering, Benchmarking, Total Quality Management, Six Sigma, Contemporary Strategic Issues. The Nature of Strategic Management ......

Words: 380 - Pages: 2

Premium Essay

Business & Management

...1 Case Study : Sinosteel Strengthens Business Management with ERP Applications  SUMMARY:  China’s state owned strategic resources enterprise Sinosteel Corporation uses Oracle Enterprise Resource Management (ERP) to strengthen its business management and global reach.  Case:  Sinosteel Corporation (abbreviated as Sinosteel) is a central enterprise under the administration of the State-Owned Assets Supervision and Administration Commission. There are 76 subsidiaries under the administration of Sinosteel, among which 53 are in China and 23 abroad, the revenue from core businesses reaches RMB 111 billion in 2008. Chinese currency is called the Renminbi (RMB), and it is currently trading at .146 US dollars in 2009.  Sinosteel is mainly engaged in developing and processing of metallurgical mineral resources, trading and logistics of metallurgical raw materials and products, and related engineering technical service and equipment manufacture. It is a large multinational enterprise with core businesses engaging in resources development, trade & logistics, engineering project and science & technology, equipment manufacturing and specialized service, providing comprehensive auxiliary service for steel industry, especially steel mills.  Sinosteel is organized as decentralized, multi-business unit firm. Like most rapidly growing global firms, Sinosteel has grown through the acquisition of hundreds of small companies, and many medium to large size companies. In the...

Words: 1481 - Pages: 6

Premium Essay

Business to Business Relationship Management

...BUSINESS TO BUSINESS RELATIONSHIP MANAGEMENT Strategic Sourcing and Supply Chain Management 04/25/11 CONTENTS Abstract 3 I. Stages of Buyer-Supplier relationships 4 II. Types of buyer-supplier collaboration 5 III Supplier evaluation and selection 6 IV. Steps to establishing a Buyer-Supplier Collaboration 8 V. Barriers to establishing a succesful Buyer-Supplier relationships 9 VI. Benefits of a successful Buyer-Supplier Collaboration………………………………………………………..9 Conclusion 10 References 11 Abstract In today’s competitive business world, having the right kind of buyer-supplier relationship is critical to the success of most companies. Most manufacturing organizations spend over 50% of their revenue on supply chain. Considering the fact that customers are more price sensitive than ever, companies have to squeeze out potential profit margins from their supply chain investment. Manufacturers are also becoming increasing dependent on their suppliers; this has led to a general increase in level of collaboration between buyers and supplier. In fact, having the right source of supply can actually be a source of competitive advantage especially when both parties are bonded by an exclusive contract. For example, Dell computer was the first computer manufacturer to recognize the potential benefits of a collaborative supply chain relationship. Dell was so confident that building a...

Words: 1738 - Pages: 7

Premium Essay

Business Management

...BALM111 BCD140 BSB203 PRINCIPLES OF BUSINESS MANAGEMENT CAT 1 BALM/NRB/5120/13 Dorothy Awuor Obura Submitted to: Mbiyu Muhugura 15TH February, 2014 1) Describe management in terms of its functions (5 marks) Ans. According to Mary Parker Follett, “Management is the art of getting things done through other people” (Medical and Urwick 1941). Below are various functions of Management 1. Planning: This is a managerial function that determines in advance what should be done. It involves looking for the future. It is the determination of what is to be done, how and where it is to be done, who is to do it and how the results are to be evaluated. 2. Organizing: This involves arranging the way/manner in which organizational structure is established, how authority, responsibilities and duties are given to the managerial team. 3. Directing/Leading: Once the structure has been established and staffing done, the next step in any organization is to move towards achieving the objectives of the organization. It’s a process whereby the management guides and influences the staff by arousing the desires in their minds to give their best to the organization. 4. Controlling: Through controlling, the manager has to ensure that everything is done in conformity with the plans adopted as well as the established principles. In controlling, the management must establish standards of performance, measure performance and compare it......

Words: 2470 - Pages: 10

Premium Essay

Business Management

...corporate style to manage these units in order to add value, and potentially more value than other parents could add and prevent these businesses being handicapped by the centre. Essentially, ‘putting one's eggs in different baskets" may reduce the risk in the overall portfolio but requires that the firms management possess the strong capabilities necessary to successfully execute this strategy. This in mind, the Goold and Campbell style that I would adopt is the strategic control style based on…. Because the company has many unrelated businesses, in many industries and in many geographic regions, it is quite unlikely that corporate centre management would be adept at the capabilities required to manage these businesses. Most corporate managers have experience in only one industry (or a few) and none realistically can be an expert in the wide variety of unrelated industries represented in a conglomerate. The business units' management is close to the markets in the different regions, familiar with the different cultures that exists in those markets, and is more likely to have intimate specialist knowledge of their particular businesses. They also need to be flexible and nimble at business-level decision making. As such at the centre we will focus on financial control, which does not require a lot of rich, industry-specific knowledge. Therefore the centre will impose a strict financial discipline of the sort GE's former chairman and CEO, Jack Welch imposed on all......

Words: 1364 - Pages: 6

Premium Essay

Business Management

...International Journal of Management Reviews (2007) doi: 10.1111/j.1468-2370.2007.00215.x XXXX utilitarian, ORIGINAL XXX International Publishing Management theories IJMR 2007managerial and relational Reviews of corporate social responsibility © Blackwell Journal of Ltd 2007 1460-8545 Oxford, UK ARTICLES Blackwell Publishing Ltd Utilitarian, managerial and relational theories of corporate social responsibility Davide Secchi Concepts and theories of corporate social responsibility (CSR) have been examined and classified by scholars since the mid-1970s. However, owing to the evolving meaning of CSR and the huge number of scholars who have begun to analyze the issue in recent years fresh efforts are needed to understand new developments. Since there is a great heterogeneity of theories and approaches, the task remains a very hard one, mainly because heterogeneity derives from multi-disciplinary diversity. The criterion for selection is to consider the role that theorists confer to the firm. Following this idea, three groups of theories have been discerned: (1) the utilitarian group, in which the corporation is intended as a maximizing ‘black box’ where problems of externalities and social costs emerge; (2) the managerial category, where problems of responsibility are approached from inside the firm (internal perspective); (3) relational theories, or those in which the type of relations between the firm and the environment are at the center of the analysis. The three......

Words: 16348 - Pages: 66

Premium Essay

Business Management

...and Ronald MacAlpine. They provided maintenance services for bus services and the company considerably grew over the years. By 1997, this company had grown to be the largest in the Australian market for automobile parts mostly brakes and steering parts. Consequently, they became a preference for General Motors Holden and Mitsubishi. Toyota came on board later on in 2003. MetalEx started off as a family business but as time went by some of its shares belonged to bank and insurance companies. They counted up to 7% of decisions. The companies had faced a lot of problems by 1995. However, the company had a turnaround in 1996. A new plan for the business was made. This plan was meant to put MetalEx back on its feet. By 2000 the business had transformed with the purchase of new assets and businesses. The purpose of the acquisition of the new businesses was to establish a pacific rim beachhead for the German parent company, Greothe Industries. At that same time, the rationalized business would bring forth cash flow, infrastructure and economies of scale for the expansion of the business into the rapidly growing markets of China, Indonesia, The Phillipines, and later on India. However, in 2014, this company faced a worse situation than it was in earlier. Dollar fluctuations and increase in costs led to lose of a large client base. There was also a increase in costs of production due to the rise in labour costs in Austarlia. This greatly hurt companies in Australia. Pestel analysis......

Words: 3172 - Pages: 13

Premium Essay

Business Management

...THE BERNIE MADOFF'S SCANDAL Jayne Egharevba RES/351 February 16,2015 Business Management/Human Resources The Bernie Madoff’s Scandal The Bernie Madoff scandal is widely recognized as an example of an unethical business research, Bernie Madoff managed to build a multibillion-dollar investment firm based on skewed research and false financial data. The wealth management eluded the SEC and other authorities for decades before finally being shut down in 2008. Unethical business research played a large role in the company’s ability to hide their criminal conduct. However, the actions of the business were uncovered and federal charges were filed against Madoff. The incident has provided one of the best examples of how additional safeguards can be implemented to prevent similar actions from happening in the future. Madoff wealth Management Company skewed research and performance results, and this is an example of unethical research behavior. Highly positive outcomes were provided to new potential investors to attract new money to be invested in the firm. ( Henriques 2011). However, these findings were completely factious. In fact, there many companies in the wealth management industry that viewed this outcome with suspicion, and refused to conduct businesses with Madoff’s company. When financial downturn of 2008 started to get worse, investors began to withdraw their funds at an accelerating rate. Had the research data been reported accurately, the investor can make a......

Words: 707 - Pages: 3

Premium Essay

Business Management

...non-observation of the Recommendations of MCCG 2012, including the reasons thereof, has been included in this Statement. Principle 1 – Establish Clear Roles and Responsibilities 1.1 Clear Functions of The Board and Management The Board leads the Group and plays a strategic role in overseeing the Group’s corporate objectives, directions and long term goals of the business. The Board is responsible for oversight and overall management of the Group. The Board Committees are established to assist the Board in discharging its responsibilities. The Board delegates specific responsibilities to three (3) principal Committees, namely the Audit Committee, the Nomination Committee and the Remuneration Committee. All committees have written terms of references and operating procedures and the Board receives reports on their proceedings and deliberations. The Chairman of the respective Committees shall report the outcome of their meetings to the Board. Minutes of all Board Committee meetings are circulated to the Board members so that they are kept abreast of proceedings and matters discussed at Board Committee meetings. Independent Non-Executive Directors provide unbiased and independent views in ensuring that the strategies proposed by the Management are fully deliberated and examined objectively, taking into perspective the long term interests of shareholders, other stakeholders and the community at large. The Board recognizes the importance of the role of the......

Words: 6032 - Pages: 25

Premium Essay

Business and Management Business and Management Business and Management Business and Management Business and Management

...Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and management Business and......

Words: 321 - Pages: 2

Premium Essay

Business Management

...Name: Course name: Instructor’s name: Date: Business management plan Business success requires a breadth of knowledge and abilities and, in bringing together theory and practice. A business plan is an essential tool not only for those starting a business but also for those with existing businesses. A business plan is a guide to what a business will do, what it aims to achieve, how it will be accomplished and most importantly whether there is someone with the ability to do that. The business plan provides a complete description of a business idea, explaining its sales and marketing strategies, the management team, prediction of financial forecasts and operations. In short, a business plan enables a business idea to be transformed from the initial conception stage towards a fully reasoned and realistic plan of action (Blyth, M, 2013). A business plan also operates as a working document and essential management tool as it shows clearly how the business will proceed and the strategies it will employ. It enables possible obstacles to be avoided or minimized, targets to be focused upon and achieved, and effective structure to be put in place for a business strategies and finance. The business plan should be used as a guiding factor when it comes to decision making. It should be reviewed, modified and developed as the business evolves and progresses. It’s true that businesses that implement their business plan and keep it up to date can monitor their growth and are in a......

Words: 2092 - Pages: 9

Premium Essay

Business Management

...Academic World’s and The home and LEADING Professional Academic Business Management 2013-2014 Available on Complete range of global products plus many additional features! Fresh New look Enhanced Search functionality with intuitive search filters Create an Account to make the most of our resources Know about the latest from SAGE with our e-Mail Alerts Request Inspection Copies Browse our product Catalogues and register for a copy VISIT NOW and send your FEEDBACK to marketing@sagepub.in Watch out for MORE INNOVATIVE and exciting NEW FEATURES in the coming months! New & Forthcoming Titles! Please note that information is correct at time of print. Prices are subject to change without notice. Business & Management | 2013 / 2014 Contents Organizational Behaviour / Organization Studies ........... 2-6 Change Management .......................................................6-7 Leadership ...................................................................... 7-10 Human Resource Management.................................... 10-15 Coaching & Mentoring .................................................. 15-18 Strategy ......................................................................... 18-19 Entrepreneurship ...............................................................20 International Business ................................................ 20-22 Corporate Governance & Social Responsibility, Business Ethics & Sustainability......

Words: 63606 - Pages: 255

Premium Essay

Management in Business

...Management In Business Abstracts In business, there must be some form of management as to prevent chaos in the business. To make plans and implement them, to analyze, organize, cordinate and control. The skills of managing include leadership skills, and the human skills, interpersonal skills, conceptional skills. Without a management role in place for businesses with many departments, the business will not succeed. The difference though in good management and excellent management are vast. The experience a manager has in the management business will be of great significance in whether the next business he works for, or department succeeds. Management in Business The Vice President of the services division wants to hire a manager for the service division. To meet the requirements the Vice President has stressed, the candidate I choose for this position will meet those requirements as follows: This candidate will be filling the position of manager in our services department. This person will possess experience and skill in planning. In planning, she will set goals, establish strategies and cordinate activities. Some involvement in planning will be required of this person to keep providing excellent customer service. This......

Words: 854 - Pages: 4