They proved that if social responsibility is managed effectively can create significant benefits, enhance the reputation, bring returns and motivate the employees. In the same framework, Husted and Allen (2001) stated that if corporate social responsibility used properly, it can create competitive advantages, as there is a positive relation between corporate social responsibility strategies and competitive
Corporate Finance: Corporate finance is concerned with the financing and investment decisions made by the management of companies in pursuit of corporate goals. As a subject, corporate finance has a theoretical base which has evolved over many years and which continues to evolve. It has a practical side too, concerned with the study of how companies actually make financing and investment decisions, and it is often the case that theory and practice disagree. The fundamental problem that faces financial managers is how to secure the greatest possible return in exchange for accepting the smallest amount of risk. This necessarily requires that financial managers have available to them (and are able to use) a range of appropriate tools and techniques.
According to Moir (2001) who quotes Wood (1991), the fundamental idea of corporate social responsibility is that business and society are not distinct entities but instead interwoven. Additionally, Bremner (1994) opines that the pressure for those who prosper financially to be socially “responsible” has deep historical roots in most cultures and religions. As such, business enterprises have been anchored not only in the desire to solely make profit but also in a broader aim to build “the good society” by attending to the welfare of employees and actively partaking in public life (Hall, 1997; Parkes, Scully & Anson, 2010). Conversely, Aaron (2011) attributes this to the recent ‘corporate enthusiasm’ for CSR which seems to give the impression that companies are genuinely interested in improving the lives of people in communities in which they operate. Arguing that while in some cases it may be true that CSR has proved beneficial to target communities, it also appears that CSR is driven not so much by philanthropic considerations as the profit-maximising calculations of business, implying that corporations are involved in altruistic gestures only if it makes sense business wise (Aaron, 2011).
In addition leadership that oriented to people and task is also effective in the organization to develop ethical leadership. because the leaders are more legitimate and open to their subordinates. Transformational leadership tyles have clear job role and
The work activities are distributed to various teams with one common goal. The unitarist perspective has a large focus on teams. The use of teams in an organisation will result in increased productivity. This gives the organisation a competitive advantage as they are operating more efficiently. As the teams become more productive, the organisation becomes more successful.
Greater opportunity for personal growth and self-satisfaction in life. - WIZZ is a responsible partner in regions where we operate. Greater opportunity for people who have less than we have. - WIZZ provides thought leadership to the industry and to region where we operate. Greater opportunity to impact the industry and realize corporate goals.
Discuss about Newell’s organization structure. How does Newell’s headquarters (corporate office) add value to the businesses? Newell maintained a centralized administration at the corporate level. Since Newell has chosen the strategy to expand through acquisitions, ensuring Newellization and corporate continuity across the division are the key responsibilities of the organization structure it adopted. The basic functions like legal and tax issues, benefits, EDI, credit and collection, and financial control systems were administrated from this centralized corporate office.
The concept of corporate culture is commonly defined as a set of values that characterize a company. The purpose of this written piece is to examine the influence that corporate culture has on personal ethics and whether or not, this type of influence is appropriate. The essay will also discuss the best possible steps to solving problems in an organisation. It has been said that a strong knowledge of the corporate stance on ethical values can lead to the creation of a strong ethical culture (Stanwick and Stanwick, 2009, p. 15). There exist many cases in which we can see that corporate culture has had a negative effect on personal ethics.
The theory also proves that there is a relationship between strong corporate culture and organization performance or profits. The observation is that if the organization and its employees share a common culture the environment makes it easier to share common goals and to follow suitable procedures in achieving them. A collective culture also has positive impact on motivation in an
This would improve productivity. Generation Y is dominating in the workforce and one of the important traits of this generation is “Recognition” more than money. Therefore, the organizations should consider these aspects in order to improve employee engagement. This is also the most digitally sophisticated generation who is constantly looking for sustainable environment therefore, workplace is important in attracting and retaining Gen Y. Other such factors can include, location of a company, technological provisions and the flexibility, adaptability which supports both formal and informal engagement and interaction.
This will create a higher moral among employees, thus making the work environment more healthy and positive. We at CEN Solutions suggest that you create an organization flow chart to improve your communication process. This chart will begin to close the communication gap; promote healthy chain of command that the employees can look up to; and provide higher accountability when
Boethius created a book called, “The Consolation of Philosophy” which was created in AD 523. This book is important because it had the most influence on Christanity in this era. Another great philosopher of this time was Pierre Abelard (1079-1142). Pierre Abelard created a book called, “The Logic of Practice” which was written before