Efforts are made to hold on to its current product-market position. The stability strategy is followed by those businesses, which are satisfied with their present position. This strategy is suitable in a simple and stable environment. Stability strategy implies continuing the current activities of the firm without any significant change in direction. If the environment is unstable and the firm is doing well, then it may believe that it is better to make no changes.
A company must be committed to operating their businesses conforming to the highest moral and ethical standards. They do not tolerate bribery or corruption in any form. This commitment supports everything that they do. 2. They are committed to good corporate citizenship.
One of the key messages of business continuity is to convince the customers that the service will be delivered under any circumstances. It also says to your employees that they are safe in terms of their livelihoods and to the funders that their ability to invest finances in the organization should not be destabilized as a result of their concerns, should the disaster take place (Hiles, 2007). BCM is vital because a failure to develop this capability could have a demoralizing effect on your organization, but success in taking BCM into risk decision making can build more resilient and agile
Handling financial issues together as a team can work wonders for your relationship. You and your partner should make a financial plan and stick to it. Do not keep the desire to acquire more all the time and practice contentment. It will improve your relationship with your partner. 8) Be There in Adversity to Have a Long Term Relationship You should always be with your partner in the adverse situations because this is the testing phase of your relationship.
With the professional skills and attributes I will acquire from school and from future trainings and experience will assist to render competent professional service in my profession. This means that despite pressing deadlines I will act sensibly, by doing work right the first time, correct my own errors, regularly produces accurate and professional work. I will exercise sound judgement meaning that I will make sound decisions, bases decisions on fact rather than emotion, analyze problems skillfully and use facts to reach solutions. I will act diligently by following given professional standards and maintain high quality work. In my workplace, I will ensure that employees assigned under my authority receives professional training and development, supervision and coaching.
Avoiding some of the common problems experienced by businesses as they recruit and select employees improve chances of success. Thus it is necessary to establish the right recruitment strategy in order to create a better customer experience and positive internal culture. Poor hiring decisions can be reduced by investing recruitment process and in skilled recruiters. When recruiter chooses a candidate based upon the qualifications demonstrated in the resume, the interview, employment history and background check, they will land the best fit for the position. Based on the decisions about a specific candidate upon specific evidence rather than any gut instincts.
Liedka (1991) suggested that many managers find themselves forced to choose between preserving their relationship with the firm and following their own values. Tetlock (1992) showed that individuals confronted with complex problems view a justifiable decision as the most socially rational, demonstrating the power of perceived organizational norms. Beu and Buckley (2004) argued that organizations can affect the rules of the game in favour of ethical behaviour by implementing ethics programs. In this study two types of ethics programs are described, Codes of ethics and Values based organizations. In line with this paper, under Codes of ethics the employee is accountable for the organization.
Keeping my word contributes to my self-worth and integrity. A promise is only as credible as the person making it. My coworkers and clients are counting on me and my integrity when I say I will complete something or make something happen then it will be done, no excuses. Loyalty in the workplace is key to ethical business. Loyal connections benefit both parties in business.
IT manager of a credit card company is being involved into ethical dilemma. The ethical dilemmas which are raised by Paul who break the prohibition of company policy on using company resources for personal purpose. A proper discussion on two fundamental ethical theory – Utilitarianism and Kant deontology – is believed to provide a practical, systematic and structured assessment of the ethical judgements in this case (Barnett, et al., 1998). It is arguably that two different perspectives approach could offer a better insight towards ethical case in business context compared to single universal theory. Both utilitarianism and Kant framework will be presented in pleasure and pain table and Kant’s moral test respectively.
Professionalism also needs someone to be truthful, honesty and integrity. Your employer should be able to entrust you with duties assigned to you. Good relationship with our colleagues and being able to work as team player show professionalism. It is our duty as employees to show professionalism no matter where we