(Seow, 2009, p. 202). Being forced to comply with regulations is a useful motivating factor for senior managers when it comes to maintaining a continuity plan. The benefits of partaking in a continuity plan also appeal to management when examples of good management practice are established. A huge core motivator for business continuity is its ability to trigger an advantage over competitors by having the ability to become more reliable than other organizations in the event of an outage. “When disaster strikes, the organization that is better prepared to meet delivery deadlines and customer expectations through more resilient operations and that is better able to recover quickly clearly has the advantage.” (Seow, 2009, p. 204).
Benefits and Challenges of Multi-Agency Introduction Multi-agency can be defined as the involvement of different corporations which works together to eliminate vital issues or problems in the society. The involvement of ranges of professionals in an integrated way provides a strong platform which helps to attain a positive outcome for the young generation and the children. The working in partnership the key element of multi-agency, therefore the working of the multi-agency is faces variety of changes, however the perspectives and approach of the agency is supported by the government to enhance social condition, education and health facilities (Atkinson, 2005). The main objective of this research paper is to identify the working process and to recognize the challenges in the working mechanism. Therefore, the main aim is to analyse and investigate the working mechanism and different models of multi-agency.
Businesses responsibilities Corporate responsibility refers to business’ obvious ethical responsibility towards honesty and integrity regarding business dealings. But corporate responsibility can be defined as businesses obligation to protect and promote the welfare of all stakeholders. in reference to “the king code”, which emphasises triple bottom line reporting, whereby the business is not only concerned about the internal stakeholders such as owners, shareholders and management but also the external stakeholders effected by business ‘operations. Corporate responsibility basically deals with socio-economic problems that government normally has to look into, so instead of waiting for government to enforce certain matters with legislation, it is better for business to take a more proactive stance help in improving society. Although it is important for business to make a profit and tend to its financial performance, it is also regarded as equally important to tend to the interests of the external shareholders.
They have greater concern on stakeholder well –being. A firm that decided to ignore the social issues may results in a loss of strategic opportunities ('Shareholder value or social responsiblity? ', 2007). Involved in CSR activities are proven to create good image and reputation for a company. In the long run, it helps a company to increase shareholders’ value and achieve sustainable business
The adoption of CSR strategy is also another drive factor for companies as it is perceived a way to gain competitive advantage. Those two aspects are strongly connected and the role of the supply chain in CSR strategies is vital (Blowfield & Murray, 2010). Companies which have not only adopted CSR actions but have highlightened them as a core factor of their long-term strategic planning may find complexities to uphold their social and enviromental standards to the whole value chain.The key issues that must be solved in the supply chains to support the firm’s CSR strategy are: • The partnership companies have with their suppliers: Companies, likeTesco, must collaborate more closely with their tier suppliers without underestimating the controlling them to esnure that sustainable ethics and actions are applied. • Particularly, for the transportation/distribution sector, the reduction of fuel emissions can be achieved by achieving a successful perfomance of lean supply chains, with organized distribution plans which will minimize the
HR 's impact in meeting the goals has been evaluated through SWOT analysis which looks at the internal strengths and weakness and the outer opportunities and risks (Grichnik, et al., 2014). Figure 9: SWOT Analysis 2.4. Impact of Government and EU policies on Tesco Every country where Tesco operate has their own laws and regulations; there are regulations that directly or indirectly affect the business of the company (Kramar, 2014). Some of these regulations include, Employment policy Governments have real impact in attempting to invigorate business. For instance, the present government is more willing to support business productivity so that Tesco is more focused in global markets and hence make occupations.
AN INVESTIGATION ON THE RELATIONSHIP BETWEEN LEADER AND FOLLOWER PSYCHOLOGICAL CAPITAL, TRUST AND JOB PERFORMANCE IN FINANCE ORGANIZATIONS Background and Significance of the study Today, there is an intensifying complexity of businesses, competition and turbulent environment. During this turbulent time, academics (Seligman, 2002; Luthans and Avolio, 2003) have emphasized the importance of hope, optimism, self-efficacy and resiliency. As per the findings of Luthans and Avolio (2003) the investigation of leader’s influence mediating through the followers work will provide a better understanding to the dynamics of leadership process. Walumbwa, Hartnell and Oke (in press) states that followers’ behavior, performance and their states can be positively
386). When company earns positive impression for its practices, it is expected that it will not only gain more profit, but also regular and even loyal customers. Importance of Code of Ethics from an Employer’s Standpoint From the employer’s standpoint, code of ethics is vital because defines the relationship of employees to the organization itself, and it also affects the level of commitment of the employees as they perform their duties as a help in achieving the company's goals (Guber, 2011, p. 5). Importance of Code of Ethics from an Employee’s
By having proper human resource planning and organisational structure as the foundation, OB10 can proceed with its operation improvement plan. The process design is a vital operation management decisions to provide competitive advantages to OB10. 2.4 Financial aspects After deciding suitable improvement plans, the feasibility of the plan should be assessed on the financial perspective. Financial decisions are important to ensure OB10 does not run out of business due to operating losses and subsequently cash flow shortage. The management should ensure every cent spent on the improvements brings a greater benefit to the company.
A reward for ethical behavior The ethical behavior must be recognized and appreciated and at the time it must be awarded. So it can promote ethics in other employees. Conclusion Ethics in business and in corporate culture has become a critical issue for many companies. There is need to pay more attention to an analysis of unethical behavior in leadership and its relation to corporate culture. Ethical leadership is a growing concept and many large companies are promoting business ethics as their corporate social responsibility.