...rationale. Discussion 2 Select an organization of your choice and identify both primary and secondary stakeholders and their most likely issue(s) with the organization. (150 words) As the company’s mission is totally dependent on the needs of stakeholders, hence they hold an important position and place in the company’s profit and sales. The groups of stakeholders associated with Toyota include: its customers, its employees, the business partners of Toyota, Local communities and global societies and lastly shareholders. The customers are the high priority stakeholders of the company. For this group of stakeholders, Toyota always strive to provide highly safe and reliable vehicles. Employees of Toyota are also far more satisfied with the services and facilities provided to them by the company. The key points of Toyota for its employees include: a developing environment for human resource, diversity and inclusion in the working area, provision of safety and healthy working environment, enhancing confidence in its employees and showing pride and loyalty towards its employees. Looking at the different financial parameters, stakeholders position and financial data of the company, it can be concluded that Toyota has a very strong financial base and also the company has successfully proved its mission statement Discuss how the organization’s corporate governance could promote responsibility to the stakeholders you identified (include the model of corporate governance and the role of the...
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...effectiveness” (Noe, 2010, pg. 41). Trainers are responsible for the training and development of employees and managers in a corporate organization. Training is an important part of any organizations human resources department and is essential to the growth and development an organization (Kraiger, McLinden, & Casper, 2004, pg. 339). Corporate organizations usually have their own HRD departments within their company. HRD provides in-house consultants, mangers, trainers, and employee experts to help assess, guide and develop employees within the organization. Trainers work with employees and managers on what is needed to improve and increase their effectiveness within the organization (Noe, 2010, pg. 40). Outsourcing training is an alternative option for corporate organization to bring in trainers to train employees or have employees go outside of the organization and receive training. Some examples of organizations providing out outsourced training are trade and professional organizations, and consulting firms (Noe, 2010, pg. 40-41). New trainers gain knowledge and experience through on the job experience and academic courses. There are five concepts that are important for new trainers to learn in order increase their effectiveness in a corporate organization. One concept that is important for new trainers to learn is the roles of employees and managers in an organization and how it affects training. Development, learning activities, and training influences the roles of employees and...
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...|BUSINESS ETHICAL BEHAVIOR & CORPORATE SOCIAL RESPONSIBILITY | | | |Student’s Name:Renee Giordani | | | |Course Title:Sales Management | | | |Professor:Gene Dichiara | | | |SUNY EMPIRE STATE COLLEGE | | | |Date: December 09, 2014 | Business Ethical Behavior & Corporate Social Responsibility: Why Organizations Must Have IT Corporate Social Responsibility has gradually developed into one of the greatest ethical aspects that have to be adhered to...
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...Although there is a special focus on issues relevant to the Asia-Pacific region, the Journal of Contemporary Accounting & Economics also encourage proposals from countries outside the Asia-Pacific region in the following major areas associated with accounting and auditing issues: financial contracts, corporate governance, capital markets, financial institutions and economics of organizations. The International Journal of Accounting The journal assists in the comprehension of the present and potential capability of accounting to support in the recording and understanding of international economic transactions. These transactions may be within a profit or nonprofit environment. The journal purposely encourages an extensive view of the origins and development of accounting with an emphasis on its functions in an increasingly interdependent global economy, and uses relevant documentation that helps explain current international accounting practices, with related theoretical justifications, and identify issues of current practice. Accounting, Organizations and Society Accounting, Organizations & Society is a major international journal that focuses on all aspects of the relationship between accounting and human behaviour, organizational structures and processes, and the changing social economy. Multiple topics such as, the social role of accounting, social audit and accounting for scarce resources; the provision of accounting information to employees and trade unions...
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...An Analysis of the Culture of an Organization Student’s Name University Contents 1.0 Background to the Organization...........................................................................................3 2.0 Theoretical Framework.........................................................................................................4 3.0 Discussion of Central Topic..................................................................................................6 4.0 Conclusions..........................................................................................................................13 References..................................................................................................................................15 An Analysis of the Culture of an Organization 1.0 Background to the Organization Every organization has a personality that is unique, that individual character in the society is its culture (Barker, 2010). My company of choice for analysis is The Hongkong and Shanghai Banking Corporation (HSBC). I have used this bank to discuss the central topic in my report.As I have found it to have a strong corporate culture that has continued to improve its efficiency, value, performance and ratings over the years. HSBBC is a privately based organization; it was incorporated in 1865 with a primary objective of increasing trade and commerce between Europe and China. The headquarters of HSBC are located in London...
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...Ethics KEY TERM and WHY YOU ARE INTERESTED IN IT Ethics is the key term chosen this week to research, secondary to the significant relevance ethics plays in all aspects of life. As a child, it was emphasized what was right and wrong, good and bad, to be the best one can be, and to make sure the decisions that are made are based on a common set of values and principles. As an adult, the adherence to these values has played a fundamental role in my own success as a business leader in my profession. EXPLANATION OF KEY TERM The general definition of ethics is ”the discipline dealing with what is good and bad and with moral duty and obligation” (Satterlee, 2009, p. 48). Every culture in the world will have some form of ethics and the society would have a set of values or moral duties and obligations. In some instances, these values may become law. Many of these moral values are based on a religion; for example, Christianity refers to the Ten Commandments, which forms a set of values. Some ethics are secular in nature. In business, ethics plays a major role on how companies act in relation to their core values. A world viewpoint would look at international business ethics as compared to domestic business ethics. The international business ethics would focus on the culture of that society along with their values and core beliefs. With our growing global economy, it is important to understand the ethical duties and obligations for businesses wishing to conduct business...
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...analysis will be carried out for all countries of attention. Some of the factors that might be considered in a PEST analysis include: - • Political Factors. The factors, which assist the organization to develop a strategic corporate strategy, include, Political constancy in the country, threat of military incursion, legal structure for agreement implementation, detailed business rules & tariffs and preferential trade associates. Anti reliance regulations, Pricing system taxation, wage structures, working hour’s instructions, obligatory employee benefits and Industrial safety regulations are also considered when analysis of the organization is made. • Economic Factors The analysis of the economic features of the country where the operations are being made is very essential. The economics factors required to be analyzed include, form of economic system in countries of operation, government interference in the market, proportional advantages of host country, exchange rates & stability of currency. The competence of financial markets, infrastructure quality, proficiency level of employees and labor costs are also to be considered while analyzing the economics. The economic growth rate, optional income, unemployment rate, price rises rate and interest rates play vital role in strategic analysis of a corporate plan. • Social and Technical Analysis While analysis of a...
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...and that values individual differences is a central part of building a positive workplace culture. Casson (2005) asserts that promoting respect is a managerial aspect that oversees workers as it creates a respectful and positive workplace and, consequently, increased employee productivity. Respect at the workplace inspires respectful relationships, courtesy, and decent manners. On another angle, it ensures that employees stay updated with workplace information and consider and value other people’s positions (Casson, 2005). Regan (2004) defines respect as the fair treatment of employees and other stakeholders, fair valuation of contributions of each employee and consistency in the management of the company’s values. However, respect is viewed broadly under the cultural values that every society or business platform foresees. Accordingly, cultural respect has gone further to embrace the protection of human rights, the core driver of the corporates’ social responsibilities and transparency initiatives. Businesses have in the past integrated their cultural values, respect among them, in their endeavors (Regan, 2004). Since diverse business cultures appreciate and recognize other cultures for efficient business transactions, a critical aspect of what respect accords them, the above aspects of culture are valued in organizations. Casson (2005) adds that, respect is a cornerstone of all business relationships as it ignites the thriving of such relationships. In this manner, the core relations...
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...finance plans financial management is one of the most important aspects. There are numerous financial decisions that are handled from day to day in reference to accounting records and the business transactions that occur within the organization. The organizations fiscal objectives tackle these decisions. A concern that may arise is the integrity of the health care organization’s financial management department and the accuracy of their records. GAAP Generally accepted accounting principles or GAAP are the set of regulations for financial accounting and the jurisdiction of all accounting standards. Along with these guidelines the GAAP includes other important aspects such as conventions, standards, and different rules the accountants within the organization must adhere to during a copy summarization of all the transactions and in doing the usual tasks such as preparing all the financial statements. Any third party involved with these reports need to rely information within the report to be without inconsistencies or flaws. These can help ensure that the GAAP standards are being maintained and adhered to. All business currently states that, "the generally accepted accounting principles serves as guidelines precisely, a group of objectives and verified conventions that were permanently set up over time to standardize how financial statements must be prepared or presented” (FASAB, 2010). Within any organization that deals with the different types of financial data must perform...
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...Corporate Compliance Report University of Phoenix Rite Aid Corporate Compliance Introduction The Rite Aid Corporation is one of the nation's leading drugstore chains with more than 5,000 stores in 31 states and the District of Columbia, with a strong presence on both the East and West coasts. The Company serves the healthcare needs of its customers through its Rite Aid stores and online pharmacy, riteaid.com. Due to the breadth and scope of its businesses, the Company faces a wide range of competitive challenges including, but not limited to, other retail drugstore chains, supermarkets, convenience stores, pharmacy benefit managers and other mail order prescription providers, Internet pharmacies and ambulatory care health providers. A primary component of the Company's human resources strategy to ensure high caliber leadership is the identification, recruitment, development and placement of key management and business talent. The Rite Aid Board of Directors (the "Board") and executive management team believe that a crucial aspect of executing this strategy is a comprehensive, integrated and straightforward executive compensation platform that provides competitive and differentiated levels of pay based on corporate and individual performance while reinforcing the alignment of executive interests with those of stockholders. When a company is facing issues dealing with corporate compliance, implementing a system to deal with the compliance and corporate governance...
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...financial aspects, but social and environmental aspects, as well. These requirements make a change about the way strategic management is being done, in order to include the triple bottom line. The triple bottom line is an accounting framework that incorporates three dimensions of performance: social, environmental and financial. These dimensions are called the three P´s: People, Planet and Profits. What is the challenge? In the past, each company had to show good financial results in order to be considered successful, no matter if that company used to not take care about the environment or, if it was affecting the society. According with the new world requirements, every single company has to have good results in the triple bottom line: financial, social and environmental. It is no longer permitted for a company having only good financial results; it has to show good results related with the social and environmental aspects, as well. Each company in the world must reveal what their commitments, effort and results related with the financial aspect (affect mainly to the shareholders), social and environmental (affect mainly to the stakeholders) are. The financial aspect is the economic value created by the organization after deducting the cost of all inputs, including the cost of the capital tied up. It therefore differs from traditional accounting definitions of profit. In the original concept, within a sustainability framework, the "profit" aspect needs to...
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...Corporate Social Responsibilities By Amber Horwood Corporate Social Responsibility is an organizations sense of responsibility for the impacts ethically, behaviorally and socially, on society, the environment, and the Community. It is an approach to managing business activities and decisions in a more ethical way that contributes not only to the business its self but the community, staff and the environment. The social aspects of Corporate Social Responsibilities relate to the economic and environmental responsibilities of a business or organization, in order to create and maintain higher living standards. Some of the other aspects include responding positively to emerging social and environmental problems and taking initiative to solve them to improve the business or help the wider community. Being able to balance both the interests of not only the people within the business/shareholders but also the interests of the wider community. There are four main parts to Corporate Social Responsibilities there are Economic: the responsibility to earn profit for the owners/shareholders, legal: The responsibility to comply with the law, Ethical: Not acting entirely for profit, but doing what is considered right, just and fair, and Voluntary and Philanthropic: Being a a business that promotes goodwill and human welfare by contributing to the community. The profitability of the organization and its integrity must be kept for people both within and outside the business when taking on...
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...Reflective Journal 2 1. Reflection: I agree were the unit was very important because it gives us a clear understanding of many aspects that managers or organizations face in relation to nature , society and environment as a whole showing also the correct way to adapt and control the organization to achieve sustainability. Most of the information gained through on the course were decent in the context of learning were it gives us a clear understanding of the theories such as leadership in the relation to the environment. The component or assignment of the course that I enjoyed the most was the literature review were I offer us the opportunity to have a clear understanding of the course content in a way that is called the enquiry based learning through on summarizing the article and giving the correct model of change that suits best the organizations to achieve sustainability, the least important part of the components of the course was the Business Expo part of group assignment were it is in my point of view a part for the marketing students but surely it was enjoyable but not that important for us , and in the future I hope to use the information I gained through this semester particularly in this unit to avoid most of the organizations mistakes were they neglect the environment in the order of benefit and money as I hope to have a successful company in the future. 2. Graduate Capabilities: Without a doubt most of the assignments of the unit were a benefit for me specially...
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...HARD BUT MANDATORY TO BE IN BATTLE –CORPORATE SUSTAINABLE DEVELOPMENT Dr PP Singh-Director, C.T Group of Institutions Maqsudan Campus Jalandhar. Arora Gaurav Singh-Management Faculty, Lovely Professional University Jalandhar. Rohit Kapoor-MBA-International Buisness,Lovely Professional University Jlandhar. Abstract In the current Business environment we often come across some facts where corporate enterprises form strategy to meet the second biggest challenge after transforming its business into corporate. The mainstream of the literature on corporate sustainability follows the win–win paradigm, according to which economic, environmental and social sustainability aspects can be achieved simultaneously. Where making profit is one primary objective and challenge for any corporate on the other front dynamism in the business environment lays corporate to plan down certain strategies to sustain in the battle irrespective of the crest and troughs in the business. This paper examines various strategies adopted by the companies to sustain ie- Corporate and social responsibility, stake holders management relations, environment management or it also the cost cutting part to be on the kitty to maintain the balance of revenues. The paper also highlights the manipulation of figures by the companies to be the arena. Introduction Corporate sustainable development means a formulation of Business strategy that puts the...
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...Corporate Culture By: Joanne Mowat, The Herridge Group {Insert Date} Corporate Culture Abstract As an executive, identifying, understanding, and influencing the organizational culture can ensure corporate agility and financial success. As a potential employee, catching a glimpse of the true culture of an organization will help one decide if the company is a place where one can contribute and flourish. In both cases, misunderstanding the culture can lead to disaster. Corporate cultures have both gross and subtle manifestations that provide clues to the underlying norms and beliefs. Paying attention to the work practices, environment, communication paths, and even the level of humour in a company, will give one a hint of the dominant organizational culture. Identification and understanding the culture is necessary to affect any minute or large scale changes in response to market imperatives. If one does not have a clear picture of the culture one cannot effectively modify it. This paper touches on four key questions in relation to corporate culture: • • • • What is corporate culture? Why is it important to understand the corporate culture? How can one identify the corporate culture? Can corporate cultures be changed? 09/03/2002 2 Corporate Culture What is Corporate Culture? Corporate culture is the personality of the organization: the shared beliefs, values and behaviours of the group. It is symbolic, holistic, and unifying, stable, and difficult to...
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