...Ethical Issues in Management Whilst society is essentially based upon performance and profit, it is not unusual to find that ethical issues abound in the process of the performance review. Social, moral, and economic pressures can also influence the ethical issues which are bound up in the performance review. To further complicate matters, there are often legal aspects that have to be considered, along with the ethical issues, that are influenced by the social, moral, and economic pressures, that are all bound up in the process of the performance review. It is hardly surprising that most managers and supervisors dread this part of their job. The following will describe a workplace example of the performance review process, including two ethical issues faced by the managers, the social, moral, and economic pressures that could influence the ethical issues, and some legal aspects faced during this process. Performance Review Process The Company, a successful retail corporation, has a policy of annual reviews for in store hourly employees on their anniversary dates. The reviews are on preprinted forms with number scores ranging from 1-poor to 4-excellent in twenty-five different categories. Annual raises are based on performance and the Company does not have an annual cost of living raise. Most in store hourly employees, in position for more than four years, will reach a raise cap for the position and then only receive a $0.05 an hour raise unless they have an excellent score...
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...Legal Issues of Performance Management Legal issues associated with a performance management system can vary, but as Herman Aguinis states “performance management systems that are fair and acceptable to the employees are also legally sound” (Aguinis, 2013). The following paper will review some of the most common mistakes found in performance management systems that allow for legal implications to take place. The primary focus will be directed towards procedural standardization and implementing them equally with all employees. The secondary focus will examine how improper documentation leads to legal implications because of a lack of showing reason for decisions of no pay raise or even termination of employment. Procedural Standardization Setting up a performance management system has many aspects, but one of the areas it could be detrimental for an organization is how they standardize procedures for all employees to follow when describing another employee within reviews. In this manner there cannot be what is referred to as a double standard. Double standards are defined by Dictionary.com as “any code or set of principles containing different provisions for one group of people than for another” (Dictionary.com, 2015). A great example of procedural standardization is best found in an article written by Kathleen Davis for the Fast Company website. Within Kathleen’s article she describes how words appear on men and women’s reviews and the manner of which they appear to present...
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...CASE ANALYSIS People Management – Singhania & Partners Group D1 Ankit Agarwal Kausik.R Meenu Rajpal Pramod Khandelwal Syed Reza Salis Naqvi Objective of the Analysis 1. How can Singhania and Partners sustain the effectiveness of people management policies with increasing competition? I think the CEO is worried about what they pay rather than the HR policies per se. Be more specific PESTC Analysis Political and Legal: Economic liberalization by the government of India. LPG (liberalization, privatization and globalization) by GOI gave a fillip to foreign investment and subsequently, legal services industry. Foreign law firms are not allowed to set shops in India or practice Indian law. Imminent liberalization of legal service industry which will increase competition. Law firms were prohibited to directly market their services. Legal system was very slow. Economic: High growth market for legal services. Availability of highly skilled capital at competitive prices. Growth of LPO (legal process outsourcing) industry providing a boost to legal services. Huge market for legal services in the US accounting for 49% of the global industry. Arbitration opportunities in India provided a market for legal services. Growth in the IT and infrastructure sector giving a fillip to legal services. Social: Lack of educational and vocational opportunities for the people to develop their career in legal services industry. Inclination of people...
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...) | | | ENVIRONMENTAL MANAGEMENT SYSTEM AND ISO 14000 SERIES | | | | | ENVIRONMENTAL MANAGEMENT SYSTEM AND ISO 14000 SERIES | INTRODUCTIONThe aim of sustainable development is to minimize resource depletion , social instability and environmental damage for the larger cause of society and its welfare . For the accomplishment of this aim, companies need to demonstrate their corporate social responsibility (CSR) that includes concern for environment. As a first step towards the goals for environment concerns is to establish an ENVIRONMENT MANAGEMENT SYSTEM (E.M.S.).WHAT IS ENVIRONMENTAL MANAGEMENT SYSTEM(E.M.S.)?E.M.S. is a formal system concerned with managing the aspects of company’s activities , products and services that have and could have an impact on the environment. So we can say Environmental management system (EMS) refers to the management of an organisation's environmental programs in a comprehensive, systematic, planned and documented manner. It includes the organisational structure, planning and resources for developing, implementing and maintaining policy for environmental protection.WHY E.M.S. ? / OBJECTIVES OF E.M.S. * Serves as a tool to improve environmental performance. * Provides a systematic way of managing an organization’s environmental affairs. * Is the aspect of the organization’s overall management structure that addresses immediate and long-term impacts of its products, services and processes on the environment. * Gives...
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...Assignment Assignment front sheet |Qualification |Unit number and title | |Pearson BTEC HND Diploma in Hospitality Management |Unit 6 Rooms Division Operations Management | |Student name |Assessor name | | | | |Date issued |Completion date |Submitted on | |05th January 2015 |08th March 2015 | | | | | |Assignment title |Rooms Division Operations Management | |Learning Outcome |Assessment |In this assessment you will have the opportunity to present evidence |Task no. | | | ...
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...OPERATIONS Role of operations management Strategic role of operations Operations management is an essential key business function that overlaps with the other business functions such as marketing, finance and human resources management. Strategic means ‘affecting all key business areas’; that is, the strategic role of operations management involves operations managers contributing to the strategic plan of the business. Some of the different costs in the operations function include; input costs, labour costs, processing costs, inventory costs and quality management costs. Cost leadership involves aiming to have the lowest costs or to be the most price-competitive in the market. A key aspect to cost leadership is that although trading with the lowest cost, the overall business should still be profitable. One aspect of cost leadership arises from a business creating economies of scale. Economies of scale refers to cost advantages that can be created as a result of an increase in scale of business operations. Typically the cost savings come from being able to purchase lower cost per unit and from efficiencies created through improved use of technology and machinery. Goods/services differentiation is a key strategy applied by operations managers. Product differentiation means distinguishing products in some way from its competitors. Ways a product could be differentiated include: varying the actual product features, varying product quality, varying any improved features, varying...
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...responsibilities of his or her employees, but he or she also has to be concerned with all the different functional areas of the business. These functional areas include: * Management * Law * Human Resources Management * Leadership * Accounting * Finance * Economics * Research & Statistics * Operations Management * Marketing * Strategic Planning Functional Areas Each functional area of a business is typically established as its own department and led by a manager who is an expert in that field, but all are very closely interrelated. Management/Leadership The management and leadership functions very much go hand in hand. Management is responsibility of directing the day-to-day actions of a company’s employees, while leadership is the process with which that direction is given. A manager can easily tell an employee what to do, but that hardly makes them a leader. A leader inspires their employees by having an adaptable management style, exhibiting behaviors which empower employees, function as a role model, organizing an employee’s work so they are exposed to new experiences and grow, and give employees the autonomy to take risks (Warhurst, 2013). A leader is able to inspire an employee to what to perform better by illustrating how an employee’s performance ties back to the company’s strategic plan or goals. Aside from its customers, employee are probably the second most important part of a business as they are typically the...
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...INTRODUCTION Global outsourcing of information technology is a phenomenal business strategy for most countries all over the world, especially the developed. Companies within these states have limited development areas and resources to erect facilities that will maintain all levels of products and services development within the state, hence the aspect of offshore mergers. Various reasons as (Carmel &Nicholson 2005) identifies are as a result of cost reduction strategies due to easy and cheap transit of information and other related products. Edgell, Meister and Stamp (2008, p. 174) argue that, rise of outsourcing is based on cost benefits since most business operations operate on cutting cost of production to realize mass turnover. More so, the technological advancements that are realized as time progresses enhances the move to collaborate with other companies to offer manpower and skills aligned with corporate policies and standard of quality expected. The approach implemented by management determines the effectiveness of its decisions such that planning the whole initiative inclusive of proper funding and monitoring the business results for success (Willcocks 2010). To realize cost reduction, relationships must be developed and maintained first, since a good business relationship is the root of success for any business client and the partner (Weeks & Feeny 2011); therefore cost instills the urge of outsourcing while relationship development offers a conducive environment...
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...of consumers and prove themselves to be the superior company. With most of the products and services being similar among competing companies, it can be a tough task for one company to differentiate themselves and become more successful than their peers. One of the most prominent ways that companies differentiate themselves is by the use of strategic human resources management. HRM plays an essential role in developing a company's strategy as well as handling the employeecentered activities of an organization. Progressive HR Departments are strategic in nature. In order for an organization to be strategic in their approach to Human Resources, the HR department must be closely aligned with the goals and objectives of its organization. Traditionally, companies used HR as a clerical entry level position that focused on items such as staffing and payroll among other things. Strategic Human Resource Management involves aligning initiatives involving how people...
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...NTRODUCTION Global outsourcing of information technology is a phenomenal business strategy for most countries all over the world, especially the developed. Companies within these states have limited development areas and resources to erect facilities that will maintain all levels of products and services development within the state, hence the aspect of offshore mergers. Various reasons as (Carmel &Nicholson 2005) identifies are as a result of cost reduction strategies due to easy and cheap transit of information and other related products. Edgell, Meister and Stamp (2008, p. 174) argue that, rise of outsourcing is based on cost benefits since most business operations operate on cutting cost of production to realize mass turnover. More so, the technological advancements that are realized as time progresses enhances the move to collaborate with other companies to offer manpower and skills aligned with corporate policies and standard of quality expected. The approach implemented by management determines the effectiveness of its decisions such that planning the whole initiative inclusive of proper funding and monitoring the business results for success (Willcocks 2010). To realize cost reduction, relationships must be developed and maintained first, since a good business relationship is the root of success for any business client and the partner (Weeks & Feeny 2011); therefore cost instills the urge of outsourcing while relationship development offers a conducive environment...
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...13 ------------------------------------------------- Batch: PGDM 2011 - 13 Term: IV ------------------------------------------------- ------------------------------------------------- Course: Commercial Bank Management (CBM) Credits: 3 ------------------------------------------------- ------------------------------------------------- Course Instructor: Prof. D N Panigrahi Objectives of the course: The course inputs are designed to accomplish the following objectives. * To help students to understand the role and functions of Commercial Banks, main strategic issues in retail and corporate banking and the risks faced by the Banking Industry in India. * To familiarise the students with the new Banking Practices and Processes including new banking technologies. * To familiarise the students with the legal and regulatory framework for banks in India. * To equip the students with the tools and techniques used in interpreting and evaluating the performance, profitability, productivity, and efficiency of the Commercial Banks. * To equip the students with the in-depth knowledge of Bank Financial Management Process including Treasury, Investment, Asset Liability Management & Risk Management. * To equip the students with the in-depth knowledge and skills in Credit Analysis & Appraisal Processes relating to the banks’ lending decisions like Working Capital Financing, Term Loan & Project Financing, Domestic & International...
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...MEMORANDUM: CONTRACT CREATION AND MANAGEMENT TO: John Sullivan FROM: Jon Sorrell DATE: October 27, 2006 SUBJECT: Legal Environment of Business: Contract Creation and Management The Issues In the case of Span Systems of California and Citizen-Schwarz AG of Germany, management is essential in forging the proper attitudes and remedies necessary to maintain the current contract. The facts of the case is that Span Systems are under a one-year contract worth $6 million to produce a Java-based transaction processing software for Citizen-Schwartz's $20 billion banking interests. Eight months into the contract, Span is currently running behind production schedule due to the many changes in C-S’s product demands and various “bugs” found in the software. C-S is asking for a rescission of the contract based on performance and has asked Span to transfer the remaining code so that they may proceed with another company. Damages could be substantial to C-S if the contract is not fulfilled within the given time frame. Assuming that C-S is guaranteed the contract with customer e-CRM, any product delay could spell possible consequential damages e-CRM could be due. “Consequential damages are damages that result because of the breach and generally involve such damages as lost business, lost profit, or late penalties” (Business, 568). C-S could seek compensatory damages from Span to cover their loss if affected by this delay. Remedies Contract ambiguity has left Span and...
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...Management Planning Lynette Gibson MGT/330 December 5, 2011 University of Phoenix Alvin Swanson Management planning consists of a systematic activity within an organization that determines who will and how to perform a specific job. Management planning is a detailed course of future actions the organization will engage into obtain successful organizational goals. The management planning process takes the perspective available individuals, and physical resources within the organization into consideration for the organization to achieve effective contribution, coordination, and perfect adjustments for organizational success. This paper will evaluate the planning functions of Boeing. Boeing is the largest manufacture of military planes and commercial jetliners and “One of the world’s” leading aerospace companies. Boeing specializes in manufacturing and designing of defense systems, communication systems, launch vehicles, and various other systems. Boeing operates the International Space Station and the Space Shuttle National Aeronautic Space Administration (NASA), Boeing functions of management is the important factor to the success of the company. Boeing Management Planning Functions Boeing has many departments therefore lack of planning would place the company in a vulnerable position for failure to motivate employees and meet deadlines. Boeing has developed a very unusual organizational structure, which assumes two business solutions tied together with nine levels...
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...Human Resource Management Human Resource Management Lecturer Name : Student Name : Andrei Baneoti Student ID : hndb11686 Lecturer Name : Student Name : Andrei Baneoti Student ID : hndb11686 Executive Summary Human resource management is supposed to be the most challenging part of management system of an organization. It is the management system which is concerned about all the aspects of human resource of an organization. As such personnel management, human resource planning, recruitment, motivation, reward system, performance evaluation, cessation of employment all this functions fall under the broad concept of human resource management. Here all these activities of human resource management are presented with the analysis of human resource management at Harrods. Harrods is a popular brand name in the world of business. Here human resource management is discussed in the context of Harrods for understanding the practical application of human resource management. Contents Introduction 5 Understand the Difference between Personnel Management and Human Resource Management 6 1.1 Differentiate between Personnel Management and Human Resource Management 6 1.2 Assess the Function of the Human Resource Management in Contributing to Harrods Purposes 8 1.3 Evaluate the Role and Responsibilities of Line Managers in Human Resource Management 9 1.4 Analyze the Impact of Legal and Regulatory Framework on Human Resource Management 10 Understand How to...
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...More than a legal problem, we have a lexical one. Corporate Social Responsibility is a generic word used all over the world, but as to use carefully in France because of Social. In a country where people are proud to have the best social system, we have to understand what is related to social and how to talk about it when it is linked to mores. France has adopted many legal frameworks and many companies have joined the United Nation Global Compact that makes France, one of the largest network. Moreover, CSR is related to history in France with the Human Right constitution. Nowadays, CSR is a key issue that has to be taking into consideration in a domestic that will impact an international scale. For France, CSR is not only related to ethnic issues bus can also have a good and a bad impact in social issues, economic in France and overseas and in the environment. France is perceived as one of the leader in CSR, more than 47% of French companies have an exemplary CSR management and system while only 40% in the OCDE and 15% in the BRICS. But France has a problem with the integration of ethical issues regarding risk management, recent conviction or rules policy. (Ecovadis, 2015). This good performance is linked to a good structured in their CSR approach that covers several aspects from the global key issues that has to be covered, but also through a good communication of the diverse actions and a constant innovation in the process to improve it. But this performance it’s also...
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