... Topic 1: Business codes are the most effective instrument for preventing unethical behavior in the workplace. Business codes are widely used globally to prevent unethical means in the organization, an increasing number of companies have adopted business code ethics, 52.5% of Fortune Global 200 companies in 2004 (Kaptein, 2004) compared to 87% of Fortune Global 200 companies in 2008 (KPMG, 2008). Business codes are a set of official document disclosed by and for a business firm to guide the behavior of managers and employees (Kaptein and Schwartz, 2008). The business code prescribed are related to matters such as human rights, labor conditions, ecological environment, confidential information, conflict of interests, fraud, corruption, product quality, profits, sexual harassment and competitions (Kaptein, 2011). Business codes ethic (BCE) are the fundamentals for corporate social responsibility (CSR) which are used to appraise companies for ethical performances and citizenship. Organizations with excellent CSR are rewarded with fame and reputations (Patick M., 2011), thus leading to better sales and company’s stock price (Ron Robins, 2011). However, business code and CSR appraisal can only prevent unethical behavior in the organization to a certain extent. For example, 15% of Ernst & Young’s executives were prepared to commit unethical conducts to win businesses even though the company implemented business codes (Christopher M., 2012). In this context, business codes without...
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...: Topic 1: Business codes are the most effective instrument for preventing unethical behavior in the workplace. Business codes are widely used globally to prevent unethical means in the organization, an increasing number of companies have adopted business code ethics, 52.5% of Fortune Global 200 companies in 2004 (Kaptein, 2004) compared to 87% of Fortune Global 200 companies in 2008 (KPMG, 2008). Business codes are a set of official document disclosed by and for a business firm to guide the behavior of managers and employees (Kaptein and Schwartz, 2008). The business code prescribed are related to matters such as human rights, labor conditions, ecological environment, confidential information, conflict of interests, fraud, corruption, product quality, profits, sexual harassment and competitions (Kaptein, 2011). Business codes ethic (BCE) are the fundamentals for corporate social responsibility (CSR) which are used to appraise companies for ethical performances and citizenship. Organizations with excellent CSR are rewarded with fame and reputations (Patick M., 2011), thus leading to better sales and company’s stock price (Ron Robins, 2011). However, business code and CSR appraisal can only prevent unethical behavior in the organization to a certain extent. For example, 15% of Ernst & Young’s executives were prepared to commit unethical conducts to win businesses even though the company implemented business codes (Christopher M., 2012). In this context, business codes without...
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...Assignment 1 Essay Effectiveness in Business Introduction to Business BUS100 What does it mean to be effective? How is an individual considered to be effective? Some may say that the clothes you wear make you effective or the car you drive. Yes, these may be considered aspects of being effective but there is more to it than meets the eye. Having all the tangible assets in the world does not necessarily define an individual’s effectiveness or success. Rather, it is the process of setting and achieving goals that is the true measure of effective. Once goals are set, the destination where effective will be found is then determined. When an individual arrives at their destination, it is here they will find happiness, satisfaction and stability in their life. In order to arrive at the destination it is vital to set attainable goals, seize opportunities, to focus on positivity and to put forth all your effort in the pursuit. Effective business people such as Steve Jobs, CEO of Apple, have similar ideals in finding effective in life. He is one of the most effective entrepreneurs of our time and it did not happen by mistake. I believe that effective in all aspects of life, whether it is personal, academic or in business, is defined by achieving goals and in doing so, stability and happiness will be attained. The most important aspect of attaining any goal is to set one. Without setting...
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...Measuring the Effectiveness of Business Practice Laws Jennifer Torres Fuentes DeVry University Measuring the Effectiveness of Business Practice Laws In the world of business, laws that are intended to protect and ensure fairness amongst competitors and consumers have their ups and downs when it comes to how effective they really are. There are various policies and procedures that are put in place in an attempt to promote fair, balanced and competitive business practices, whose effectiveness suffers because of a lack of enforcement to their terms. Until society as a whole owns up to how badly we have reverted into unethical and demoralized behavior, the effectiveness of laws put into place to encourage us to practice socially responsible behavior will not be effective. When the needs of the many supersedes the needs of the few, only then will these laws, policies and procedures put in place to encourage socially responsible behavior being to have any real effect. The Federal Trade Commission (FTC) enforces federal consumer protection laws that prevent fraud, deception and unfair business practices. The Commission also enforces federal antitrust laws that prohibit anticompetitive mergers and other business practices that could lead to higher prices, fewer choices, or less innovation. The Commission has enforcement or administrative responsibilities under more than 70 laws. They are grouped in three categories: (a) Statutes relating to both the competition and consumer...
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...The Effectiveness of Business Ethics in Education and Today’s Workplace October 13th, 2012 Introduction What do Bernard Madoff, Kenneth Lay and Rob Blagojevich all have in common? They all operated with no apparent ethical behavior even though each had received educational backgrounds in which ethical business practices were taught. As L. Zingales states, “While every firm can have its bad apples, when these apples are at the top, it suggests that a company has either a corrupt culture or a defective selection process, or both.” (Zingales, Jul 16, 2012). In Madoffs case, the Ponzi scheme had been going on since the early 1990’s (Morrissey, Aug 11, 2009). Under the direction of Kenneth Lay, Enron- once one of the largest companies in America- collapsed in bankruptcy and ruined the lives of thousands of people (McLean & Elkind, May 18, 2006). The Chicago Tribune reported that the Illinois House of Representatives was sending to the Illinois Senate a “13 point article of impeachment-a political form of indictment-alleging Blagojevich has abused the power if his office” (Pearson & Long, Jan 9, 2009). The purpose of this paper is to gauge the Effectiveness of Business Ethics in Education and Today’s Workplace. As business students they graduate from the university setting and enter the business environment they study the ethics in their workplace culture and often find that educational ethics training does not have any value in the work world. “Studies...
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...Chapter 17: Managing Organizational Change and Innovation This chapter discusses what needs to be considered when changing an organization. Some of these changes would be the input and the technological aspect of the business. I retained the most information from this chapter in the section of change agents. There are three agents of change; external, internal and external-internal change agents. External agents of change are temporary. They are used in situations where an organization needs help individual and group behavior. External agents are usually professors or private consultants. Internal agents of change are already apart of the business. They already know how to change an organization. In most cases they are managers who have recently been brought into organization that needs help. External-Internal agents are the combination of both external and internal. An organization uses both approaches to change the problems that have arisen. Question My thought-provoking question is how effective are external and internal change agents? I want to know why because what would be the next step to take to get the company at a good performance level. I know this works in most cases because I have seen it happen. I am just curious. Personal Implication Internal change agents personally affect me the most. My dad is a general manager at Applebee’s and he usually gets sent to stores that have a poor performance. He knows how to run a restaurant successfully. My dad has to...
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...Prior to the lectures presented this last weekend, I did not realize that there was a difference between operational effectiveness. Operational effectiveness measures competency and how well a company outperforms its rivals, but a large part of strategy implements evolution and differentiating amongst competitors. As Michael E. Porter states, “A company can outperform rivals only if it can establish a difference that it can preserve” (Porter 2010, p. 3). In addition, a great deal of strategic positioning is to know the market and deliver the needs of demands. For example, Southwest provides a first come first serve seating and allows its customers to check in 2 bags for free, while Spirit Airlines have the lowest deals in most flights, but charges their customers a fee for any carry on bags or checked in luggage. American Airlines and affiliates offer wifi and complimentary drinks on flights and JetBlue has Direct TV for its customers. I use these examples because I travel back and forth from California and Oregon, and have observed these features on many airlines. I find it very applicable to the topic of strategy. Each and every airline has its distinguishable features as incentives for customers to choose them over their rivalries. My perception of strategy has evolved in that I have applied many of the previous discussions we have had in the past with strategy and effective implementation. I find it hard to successfully carry forth strategic planning and success within...
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...their stakeholders is get them on the same page. The stakeholders and leaders have the same goals and expectations. So has for the leaders are concern their strategy is to express to the stake holders how they are as much involved in the organization as the stakeholders. Stakeholders want to feel a sense of security where they are investing in. As a leader it’s their job to let them know that the organization appreciates them. Leaders can use to their advantage how the alignment correlates to effective communication. In return the stakeholders can expect a successful organization. By leaders showing enthusiasm and the get up go attitude this will further along gear up the stakeholders to fully communicate. . The ultimate test of the effectiveness of communication with stakeholders is getting feedback from the stakeholders themselves (Lang, 1999). Getting feedback from your stakeholders...
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...SEPTEmbER 2008 MISUSE OF INFORMATION TECHNOLOGY WHITE PAPER SEPTEmbER 2008 INTRODUCTION 10 years of an average working life spent on email with over three years wasted An EU-wide survey commissioned by Plantronics, Inc. from the Henley management College’s Centre for business in the Digital Economy provides new insight into how managers actually use information and communications technology (ICT) within their organisations and what impact the technology is having on the enterprise in general. The survey makes uncomfortable reading for anyone who believed new technology would automatically break down the barriers to communication, transforming organisations for the better. Rather, it suggests that close to half our ‘communications time’ at work is spent fielding and generating emails of which a full third are superfluous or irrelevant. The extensive use of e-mail for internal transactions is being questioned as a substitute for phone or face-to-face discussion particularly as the lapsed time for decisions is being elongated. The Henley findings also highlight the extent to which electronic work has intruded into home life, creating an expectation of being always connected. True, good use of ICT has benefited operational performance by speeding response times, allowing more effective information sharing, greater inclusivity among organisations, better processes and improved support for decision-making. At the same time, it is making working life increasingly faceless...
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...have been the owners since 1982. The current staff includes, James, Eunice, James sister, Virginia and two or three other full time employees. Each member of the family is involved in a different operational aspect of the business. Eunice is the Patriarch of both the business and the family and has a great deal of influence in the community and the culture of the organization. The values of Drexler’s come from the Patriarch Eunice. Eunice works at the restaurant every day and thus a lot of her own personal values have become shared by the business. Eunice values a strong worth ethic, as indicated by her presence at the restaurant everyday. She also values treating people fairly and with respect. These values permeate not only to the staff but also to the customers. Eunice is always seen walking through the restaurant asking the customers how they are doing and checking to see if there is anything she can do to give them a better experience at Drexler’s. Eunice also believes in giving back to the community, Drexler’s does this by sponsoring a softball team as well as a local Boy Scout troop. Drexler’s has become a respected pillar in the community because of the values that Eunice has created for the Restaurant. Etzioni states that Organizational effectiveness simply looks at how effective an organization is in achieving the outcomes that they intended to produce. (Etzioni,...
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...rivalry, outsourcing, joining forces, reengineering, that are utilized today, do improve and drastically enhance the operational effectiveness of an organization yet neglect to give the organization sustainable profitability. Subsequently, the main driver of the issue is by all accounts disappointment of administration to recognize operational effectiveness and technique: Management instruments have taken the place of strategy. 1) Operational effectiveness is performing similar exercises superior to anything opponents perform them. Operational effectiveness incorporates however is not constrained to effectiveness. It refers to numerous practices that permit an organization to better use its inputs. Porter expresses that an organization can beat opponents just in the event that it can set up a distinction it can protect. It must convey more prominent worth to customers or make comparable value at a lower cost, or do both. Nonetheless, Porter argues that most organizations today contend on the premise of operational effectiveness. The productivity frontier is the aggregate of all current best practices at any given time or the greatest quality that an organization can make at a given expense, utilizing the best accessible technologies, abilities, administration methods, and acquired inputs. Hence, when an organization enhances its operational effectiveness, it moves toward the frontier. The frontier is always moving outward as new advancements and administration methodologies are...
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...Organizational Effectiveness ORG/581 Organizational Effectiveness The survival of an organization must have the ability to change with the environment. New generations and advanced technology continue to challenge organizations. To completely gain an understanding on the effectiveness of an organization, it is important to identify the three key metrics and provide an example for each. Next, a company will be selected for ineffectiveness and a description of practices that have contributed to the organizations ineffectiveness. The last metric is recognized for the beneficial purpose toward the effectiveness on the organization. Key Metrics and Examples "Because managers are responsible for utilizing organizational resources in a way that maximizes an organization’s ability to create value, it is important to understand how they evaluate organizational performance" (Jones, 2010, p. 15). The three key metrics for an effective organization are control, innovation, and efficiency. The first key metric is control which is defined as focusing on the customers, stakeholders, and internal and external resources of the organization. The second key metric is innovation which means the recreation or discovery of a new product. During the innovation of a new product, the organization must then look into developing new skills and processes for the employees. The third key metric is efficiency which means to stay on top of competitive products, gaining knowledge of new...
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...Building an IT Business Case – BBC 0701 Submitted by: Paul Martin, 12 November, 2006 Summary of What Constitutes Strong Evidence of a Program’s Effectiveness? Two notions are initially introduced as approaches to answering the title question: 1) Effectiveness is understood to mean the impact of the program and 2) There are numerous methodologies used to demonstrate effectiveness or impact. Examples of these methodologies are provided: * Randomized Controlled Trials – An RCT is a study that measures interventions effect by randomly assigning a person or persons to intervene into a program environment where non-intervened groups can be observed as well. * Direct Controlled Trials – Environment factors can be directly controlled to test effectiveness of a weapon system or new technology expected to operate in the environments that are created and directly controlled. * Quasi-Experimental or Comparison Group Studies – those with compared to those without intervention. * Non-Experimental Direct Analysis – may be used to analyze why a program is so effective. More detailed descriptions of these basic assessment methodologies are provided by the author, who goes on to introduce one of the central challenges to developing strong evidence of a program’s effectiveness – VALID measurement of the outcome or impact of a program compared to VALID measurement of what outcomes would have been in the absence of the program. This probably leads to another supported white paper...
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...EFFICIENCY & EFFECTIVENESS I am trying to figure out how I missed this very important point in my business life. What is the difference between efficiency and effectiveness? I am thinking that maybe I didn’t miss it but perhaps it’s buried somewhere in the back of my brain. However, the required reading in Section 1.3 brought it back to the forefront in my mind, and made the distinguishing features of the two terms very clear, or did they? With efficiency being defined loosely as “doing things right” and effectiveness being defined as “doing the right things”, the question is being begged, “Is there really a difference and how do we measure it?” (Robbins & Coulter, 2012) The more I review the subtle play on words, the more apparent it seemed that there may a difference. However, one needs to add more verbiage to the definition to keep it clear. Efficiency involves getting the most output from the least amount of inputs. Effectiveness involves completing activities so that organizational goals are met. Although efficient activities help to meet the organizational goals, they are not effective until they are done in such a way until they become the standard. They are more or less measured in how well they are done so as to not expend valuable organizational resources unnecessarily. Effectiveness includes the repetitive nature of efficiency that so that the organization is constantly moving forward due to efficient activities. An analogy can be made between...
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... With the custom motivation program the manger can conduct his/her own research. With conducting the research the manager needs to look at the existing levels of motivation and see what enticements would need to be used to help the employees change to the desired motivation. The manager can look at information that has already been used. For instance a change in another part of the business could have an effect on the level of motivation that the employees have. If the enticements help increase the motivation of the employee then the custom motivation program will be good for the manger. If the custom motivation program fails then the consulting firm may be best. With the consulting firm the manger will have to think about investing before making an agreement with the firm. The manger need to invest in a firm that will fall into the business budget. Going over budget can make things difficult for the business and the employees which would decrease the motivation. The manger also needs research the consulting firm to make sure that they have all the credentials needed to produces his/her business with a successful motivational program. When deciding on either of the motivation programs there are things that manager should always consider: The amount of...
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