Finally, respect is an essential factor in this company. This means, “Treating all people with dignity, while respecting their differences and ideas” (“Hershey,” 2018). Hershey is a very diverse company and each team represents different ideas, backgrounds and experiences. Nevertheless, each member should have a chance to succeed in improving the company’s
The values that applied into it will encourage a worker to behave in the same exactly way.”(Snoeyenbos, Almeder, &Humber 2001 p146) First, set a good example. As a manager you are a role model for better or worse. Ethics are the most important and vulnerable set of principles that are valuable to companies, workers, and people. These sets can be applied or not depending on what people choose to do. The ethics teach people are to conduct lives or businesses and how to view or known it is a personal decision.
He argues that this is because restructuring an entire economy from the top down is almost always bound to fail. This is because these methods often lack feedback from the people of poor nations who are actually suffering. According to Easterly, one of the main reasons foreign aid does not efficiently reach those in need is because the organizations’ top down method does not get past the corrupt governments of these poor nations. To fix this, he argues that aid should be given by a more pragmatic, bottom up approach, going directly to those in need. Easterly also says that aid should be given in a more scientific way, using statistical testing to discern which forms of aid work best.
John Muir, a pioneer in naturalist, once quoted that “when you tug at a single thing in nature, you find it attached to the rest of the world.” This meaningful quote can be applied to business management, which is a subject that has interconnected relationships with different stakeholders. While people generally perceive the purpose of doing business is to maximize the return on investment for their shareholders, Professor R.E. Freeman believes on conscious business, which is also known as conscious capitalism. Conscious business emphasises on its ecosystem. It aims to create and optimise value for all stakeholders of the business, where this act is suggested to be able to lead a healthy, sustainable and resilient business, thereby to maximise the shareholders’ wealth.
Communication is the lifeblood of every business organization. Effectiveness and communication create the best relationship in the business environment. It is important to remember that communications involve both sending and receiving information. (Hutton Laura (2017) 6 Reasons Why Effective Communication Should Be a Focus in Your Business, Official Blog - Australian Institute of Business) Communication is important in a business to build and maintain strong working relationships at all levels of an organisation. It is easy to do it when an organization has only few members, but is important to have sustainable measures to ensure that as your company gets bigger, communication does not get lost all together.
The employee commitment comes from those employees who believe that their future is tied to the future of the organizations they are working for. Those who are quite committed sacrifice their willingness and effort for the sake of the company. The more the company is dedicated to taking care of employees, the more likely that the employee will take care of its organization just like their home. Ethical culture also contributes to customer satisfaction over the given products or services that the company are holding. The company really makes the difference from its competitive environment through being the best in everything they do, so is the employee encouragement.
Leaders need to know that genuine acts of caring uplift the spirits and when done with authenticity strong sense of collective identity is built. LEADERSHIP IN SOCIAL ENTERPRIZES: Understanding Leadership in social Enterprise is an important aspect as these Leaders face various challenges and are of great inspiration to the Society. M. R. Suresh (2016) examined several reasons on why Leadership dimensions of Social Enterprises needs to be studied. Leaders of social enterprises do not have a formal business education but are driven by the passion to solve a social cause. Their intrinsic motivation comes first and economic reasons rank low.
It is based on some values, norms and positive attitudes of an organization, usually set out by the leadership of the organization. Organizational environment becomes a culture if it is used for motivating people to avoid any friction and adopt the custom of the organization. It influences the people and at the same is also influenced by everybody’s thinking and action. No two companies are the same. Each company have its own unique identity that is recognised as its own.
Self-awareness and personal mastery are the most important aspects of being a good leader. Achieving these goals will lead to personal leadership which in return will trigger the aspects that will transform a manager into a leader and with time you will become a great leader. This will not only benefit you, but it will benefit everybody around you and ultimately benefit your company. The success of Organizations today are dependent on a lots of talents and skills that cannot be mastered by one person alone. The issues that arise these days with in these organizations has to do with technology, finances, human resources, leadership and legal issues.
In addition to this lack of orders is causing sickness in small scale manufacturing units. Two banks suggested other cause of sickness to be misuse of fund and credit sales by the units. Researcher could conclude that the internal factors as well as external factors are responsible for the industrial sickness at Ahmednagar MIDC. These internal factors are poor top management, Poor project management, Machinery breakdown, misuse of funds and sales on credit and the external factors include economic slowdown and lack of orders. External factors are beyond the control of these units but through proper care and right guidance, internal factors could be controlled in the small scale manufacturing units.