...SOCIAL PERFORMANCE OF ORGANIZATIONS Tatyana Newton Strayer University BUS 475 Professor Kimberly Williams August 2, 2015 SOCIAL PERFORMANCE OF ORGANIZATIONS The current world economy is increasingly becoming integrated and interdependent; because of this, the relationship between businesses and society is becoming more complex. Let us take a look at Apple Inc. and its social performance of the organization. What makes Apple Inc. so unique and standout from any other company? Let us look at Apple Inc. nature. As many of us know, Apple first become known for its Macintosh computers. Apple was always considered as a hardware company but over the years it has become more of a platform company that specializes in software and technology that many of us use on a daily bases. The structure of the company is corporate based. Being a corporate based company means that it is a large company, that is worldwide and owned by a group of stockholder. Being a corporate based company like Apple is means that the corporations has the ability to raise capital by selling its own stock to the public. Apple is such a large company that they had to have multiple structures for the company to insure a smooth operating company. This includes a national operating structure and an off shore global operating structure. The types products and services Apple provides includes computer designs, computer developments, and sells consumer electronics, computer software, online services and personal...
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...Social Performance of Organizations Apple Inc. is an American multinational corporation headquartered in Cupertino, California, that designs, develops, and sells consumer electronics, computer software, online services, and personal computers (www.apple.com). Apple Company was developed on the 1st of April, 1976 by the co-founders named Steve Jobs and Steve Wozniak. The first 30 years of the company was named Apple Computer Inc. but later on January 9, 2007, the word “Computer” has removed (Business Insider, 2013). Apple is a very established and diversified company that offers consumers several choices in electronics that has the capability to simply our daily lives. In my opinion, Apple’s most successful product consists of their mobile devices with internet capabilities that allow you to access your information from any location that offers a wireless firewall (wi-fi). Apple has a unique organizational structure that follows the top-down model which influences accountability within the individual departments that create Apple products. Identifying and evaluating alternative strategies should involve many of the managers and employees who earlier assembled the organizational vision and mission statements, performed the external audit, and conducted the internal audit (Strategic Management Concepts, pg 22). Additionally, all other key players should be invited to attend the meeting to provide additional input to facilitate and recommend steps to improve their...
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...Assignment 1: Social Performance of Organizations Janet Jackson Strayer University BUS475 May 1, 2014 Instructor: The De Beers Company is one of the wealthiest companies in the world. De Beers leads and dominates the diamond industry in diamond mining, diamond trading, and industrial diamond manufacturing. In 1871 a South African man named Cecil Rhodes created De Beers. Rhodes rented water pumps to miners then invested his profits by buying up small mining operations. In 2011 the De Beers Group sold their remaining stake to Anglo American for $5.1 billion in cash. (DeMarco, 2011). Before the sale the diamond company was owned by the Oppenheimer family. Now Anglo American own 85 percent of De Beers making them the primary stockholder while the Republic of Botswana owns the remaining 15 percent of the company. Mining diamonds involves a lot of factors that can effect a company’s external environment. In order for De Beers to operate it has to account for things such as: local and foreign governments, globalization and trade, the ethics of business and labor, the effect on the environment, the perception of society, and the importance of new technology. In the case of the De Beers Diamond Company the two most important factors to the organization’s external environment are globalization and trade, and the perception of society. Salient Stakeholders When producing a product as fragile such as diamonds, a company needs many factors to come in place. In actuality...
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...Assignment 1: Social Performance of Organizations National Football League (NFL) Diallo Jones Dr. Antoinette Bridges BUS 475 – Business and Society Nov 2, 2014 Corporate social responsibility in professional sports first emerged from the idea that charitable endeavors and community outreach programs could help boost fan support and increase revenues. Today, many professional leagues and franchises use their social responsibility efforts as a way to improve their public relations and marketing strategies ( “Sports Philanthropy”, 2009). Increasingly, teams see social responsibility as critical in bridging the gap between athletes and fans as a result of astronomical player salaries and continued occurrences of player misconduct both on and off the field (Knecht,2007).More than ever before, sports franchises are using their athletes‟ celebrity-like status appeal to generate impact in the community, while leveraging these efforts to promote the image of their league and its teams. The recent rise in CSR activities illustrate that professional sports franchises fully realize importance of image and reputation. According to Public Relations Quarterly, there is a positive and linear relationship between reputation and organizational success (Gibson,Gonzales&Castanon, 2006). Consequently, reputation is the single most valued asset of an organization (Gibson, Gonzales&Castanon, 2006). While positive reputations are beneficial to the success of individuals and organizations...
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...Assignment 1: Proposal Darek Priddy Professor Stephen Bartorillo BUS 315 October 23, 2015 The process of formation and implementation of a business is a difficult task, not its complexity but by the diligence of the processing to formalize this constitution. When you deciding to create a new company, we must take into account the following factors: The definition of the activity to develop the long-term and comprehensive planning, risk assessment, financial capacity, business viability and market research. All these aspects should pick in what is called “Business Plan”. The next step is choosing the legal form taking into account a number of key factors: the number of partners, the level of social capital and liability to third parties. Depending on the legal form chosen, we must carry out the procedures for the adoption of legal personality and related to the conduct of business. Finally, it is important to choose funding programs for my company, and the various forms of recruitment. * Describe the new start-up company that you have created. Include in your description the nature of your company, its mission and vision, your company’s product, an analysis of your staff, and your target clientele. The name of my company is "Final Solution Inc." this company will offer financial services to all types of customers, business, families or individual people. I create a document called "Business Plan", this document groups in a clear references and experience of the...
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...Business and Society Social Performance of Organizations: British Petroleum (BP) Professor Jeannette Wood Christopher Casselman Week 4 11/02/2014 Social Performance of Organizations My chosen organization is British Petroleum. Nature of the Entity British Petroleum is one of the world’s leading international oil and gas companies. The company offers customers with fuel for transportation, lubricants to keep their engines moving, energy for heat and light, and the petrochemicals used to make everyday items. The company uses highly developed technologies and tried-and-tested solutions to find oil and gas beneath the earth’s surface. Structure of the Entity British Petroleum is present everywhere on the globe. From Europe to Africa and Middle East Asia, the company’s branches are operating effectively. The company has approximately eighty thousand employees, a turnover of $297 billion and operating branches in 100 countries in six continents. (Cambridge University Press, 1982) Types of products The principal activities of British Petroleum are exploration and extraction of natural gas and crude oil; refining the crude oil, marketing the refined product, supply and logistics; as well as production and marketing of petrochemicals. It also has a growing activity in gas and power, and in solar power generation. The group is organised into two major business sectors: i.e. Exploration, production, and Refining & Marketing. Exploration and Production The...
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...POLYTECHNIC UNIVERSITY OF THE PHILIPPINES COLLEGE OF EDUCATION STA. MESA, MANILA THE EFFECT OF THE SOCIAL FACTORS ON THE ACADEMIC PERFORMANCE OF THE SELECTED STUDENTS IN THE BACHELOR IN BUSINESS TEACHER EDUCATION OF THE COLLEGE OF EDUCATION SBUMITTED BY: FLORENTINO, MARJORIE S. BENLOT, ZENNY T. FIESTADA, NATALIE JANE F. BBTE III-3D SUBMITTED TO: DR. CAROLINE SUMANDE I. INTRODUCTION College is a very big environment to be adopted by new students. In order for them to adjust in this kind of environment, they tend to socialize in the many activities inside the institution. But in socializing with the different people and communities inside the campus has also an effect on their academic performance. Those social factors include organizations, fraternities, sports activities, and romantic relationships. Students socialize more often in college because it is a big community that needs the culture and rules to be learned or else a student will be left behind on what to do inside the institution. These rules and culture cannot be found only in books. It can be also found and learned through interaction with the co-learners and the teachers because there are times that the rules are changing based on the time, place, and people. But there are still some students who tend to explore more on the campus by joining the said social activities. The negative side of their participation in these activities is that they have a tendency to give more time than to study...
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...Performance Review Takes a Page from Facebook HRM500 – HR Management Foundations May 12, 2013 Today’s workforce has evolved just as technology. The dynamics of the labor force consist of generational differences. These differences can support organizational success as well as cause its failure. What constitutes as a productive workforce are the tools provided by the employer. Performance management systems have become essential to the development, productivity and retention of top producers. It is imperative that employers understand the needs and listen to the concerns of their employees. The old way of conducting performance appraisals are no longer efficient because they are seen as outdated and cumbersome. Organizations should use technology especially the widespread acceptance of social networking as their new found way to communicate and provide feedback. This style of communication promotes comradery, supports inclusion and allows managers to perform better. It also supports the notion of 360 degree feedback but also provides the entire workforce an outlet to recognize accomplishment and seek guidance. I will attempt to explain and show how social media network performance systems are beneficial to the organization and their employees. Keywords: Social network, performance management, communication, generational workforce. Performance Review Takes a Page from Facebook Agree or disagree with this statement and provide reasons for your response....
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...determine if business ethics and corporate citizenship initiatives would increase employee efficiency within the workplace, the impact of these programs on the reputation of the organization and their effect on the organization’s relationship with employees, investors, and customers. A variety of relevant books and modern journal articles were used to research on this subject. The review of these articles and books revealed that corporate social responsibility initiatives play a fundamental role in building the image of the company as well as strengthening the organization’s relationship with its customers. Ethical programs on the other hand guide employee actions and in effect minimize any points of conflict that may arise within the workplace thereby increasing workplace efficiency and overall employee productivity. Ethical programs also ensure that financial reporting abides by the stipulated standards. This ensures that the information contained in financial reports is reliable and therefore increases investor confidence and strengthens the relationship between them (investors) and the organization. It is therefore critical that our organization develops ethical and corporate citizenship programs that can be implemented and monitored and necessary adjustments made. This would see our organization reap the benefits that come with having these programs in place. Introduction...
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...Developmental organizations embrace performance management processes that enable employees to become their greatest asset. When managers function as performance coaches, they become trainers, confronters, mentors, and counselors, providing positive feedback and reinforcement to improve skills and competencies that ultimately enhance overall employee performance. Performance management functions as an integral part of a comprehensive development strategy, although too few organizations subscribe to this philosophy (Gilley & Maycunich 2000). . Hence, the business world overflows with mediocre, stagnant, or failing organizations that stubbornly or ignorantly overlook their employees' potential. We believe that well-designed and well-executed performance management provides an excellent vehicle for promoting continuous employee and organizational growth and development (Gilley & Maycunich 2000). Developmental leaders rely on performance-oriented principles to help their organizations achieve the business results needed and to improve employee performance and productivity through continuous growth and development. These three principles performance partnership, organizational performance improvement, and effective communication provide a foundation for excellence by allowing leaders to communicate their expectations in a clear, motivating, and inspirational manner. Developmental leaders possess effective communication skills that enhance their ability to deliver performance feedback...
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...Chapter 1: A new framework for implementing corporate sustainability Key points: ▪ Sustainability performance is the effect of corporate activity on the social, environmental, and economic fabric of society. ▪ A balance between economic progress, social responsibility, and environmental protection, sometimes referred to as the triple bottom line, can lead to competitive advantage. ▪ The evaluation of social, economic, and environmental impacts of organizational actions is necessary to make effective operational and capital investment decisions that positively impact organizational objectives and satisfy the objectives of multiple stakeholders. ▪ The financial payoff of a proactive sustainability strategy can be substantial. ▪ To become a leader in sustainability, one needs to articulate what sustainability is, develop processes to promote sustainability throughout the corporation, measure performance on sustainability, and ultimately link this measurement to corporate financial performance. ▪ Corporate citizenship is an important driver for building trust, attracting and retaining employees, and obtaining a “license to operate” within a community. ▪ Corporate citizenship is much more than charitable donations and public relations—it’s the way the company integrates sustainability principles with everyday business operations and policies and then translates all of this into bottom-line results. ▪ For sustainability to be long lasting and useful...
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...Chapter 1: A new framework for implementing corporate sustainability Key points: ▪ Sustainability performance is the effect of corporate activity on the social, environmental, and economic fabric of society. ▪ A balance between economic progress, social responsibility, and environmental protection, sometimes referred to as the triple bottom line, can lead to competitive advantage. ▪ The evaluation of social, economic, and environmental impacts of organizational actions is necessary to make effective operational and capital investment decisions that positively impact organizational objectives and satisfy the objectives of multiple stakeholders. ▪ The financial payoff of a proactive sustainability strategy can be substantial. ▪ To become a leader in sustainability, one needs to articulate what sustainability is, develop processes to promote sustainability throughout the corporation, measure performance on sustainability, and ultimately link this measurement to corporate financial performance. ▪ Corporate citizenship is an important driver for building trust, attracting and retaining employees, and obtaining a “license to operate” within a community. ▪ Corporate citizenship is much more than charitable donations and public relations—it’s the way the company integrates sustainability principles with everyday business operations and policies and then translates all of this into bottom-line results. ▪ For sustainability to be long lasting and useful...
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...can be found: • Strategy and Analysis 1.1 – 1.2; • Organizational Profi le 2.1 – 2.10; • Report Parameters 3.1 – 3.13; • Governance, Commitments, and Engagement 4.1 – 4.17; • Disclosure of Management Approach, per category; • Core Performance Indicators; • Any GRI Additional Indicators that were included; and • Any GRI Sector Supplement Indicators included in the report. ASSURANCE 3.13 Policy and current practice with regard to seeking external assurance for the report. If not included in the assurance report accompanying the sustainability report, explain the scope and basis of any external assurance provided. Also explain the relationship between the reporting organization and the assurance provider(s). Governance, Commitments, and Engagement GOVERNANCE 4.1 Governance structure of the organization, including committees under the highest governance body responsible for specifi c tasks, such as setting strategy or organizational oversight. Describe the mandate and composition (including number of independent members and/or non executive members) of the highest governance body and its committees, and indicate each individual’s position and any direct responsibility for economic, social, and environmental performance. Report the percentage of individuals by gender within the organization’s highest governance body and its committees, broken down by age group and minority group membership and other indicators of diversity. Refer to defi nitions of...
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...Relations Challenge: Organizational Ethics Ethics is the moral standard of right and wrong behavior (Lussier, 2013, pg. 72). Organization as defined by Lussier is “a group of people working to achieve one or more objectives” (Lussier, 2013, pg. 457). Organizational ethics is code of conduct for businesses. In this paper, three different ethics studies, from the Business Journal of Ethics, are examined. They are “Boardroom Diversity and its Effect on Social Performance: Conceptualization and Empirical Evidence,” “The Corporate Ethical Virtues Scale: Factorial Invariance Across Organizational Samples,” and “When Organizations Don’t Walk Their Talk: A Cross-Level Examination of How Decoupling Formal Ethics Programs Affects Organizational Members.” Boardroom Diversity and its Effect on Social Performance: Conceptualization and Empirical Evidence” This article, written by Hafsi and Turgut, is a study of the relationship between boardroom diversity and corporate social performance. They compare diversity in boards (encompassing director’s gender, ethnicity, age, experience and tenure) and diversity of boards (consisting of board size, director independence, director stock ownership, and board leadership duality) and incorporate that into the effects of corporate social performance (CSP). They state that boardroom diversity affects organizational performance created the need for Sarbanes-Oxley act of 2002 (Hafsi et al, 2013). They collected 2005 data of 95 companies in the S &...
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...1. Introduction “There is one and only one social responsibility of business – to use it resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to stay, engages in open and free competition without deception or fraud” (Friedman, 1970). As one of the most influential economic scientist in the 20th century, Milton Friedman did this statement 41 years ago. In the last three decades the world economy went through a large change. Affected by the crisis of the industrial capitalism in the 1970s, the currency crisis in the 1980s or the financial crisis in 2007, business needed to readjust itself every time it reaches its limit. Especially concerning the collapse of the real estate and financial bubble in 2007, a re-orientation for organizations to concentrate on long-term performance instead of inconsiderately accumulating capital was and is required. “Adopting business strategies that meet the needs of the enterprise and its stakeholders today while sustaining the resources, both human and natural that will be needed in the future” (KPMG, 2011). Those strategies to fulfill sustainable criteria are the elements of Corporate Social Responsibility. But as Friedman mentioned, the goal of an organization is to increase its profits. Could this be a win-win-situation for organizations and the environment? Or is the assumption correct, that this obvious contrast could only satisfy one party? If so, wouldn’t be the...
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