Corporate need to engage with the stakeholders to develop a valuable Corporate Social Responsibility related actions. Stakeholders that are facing challenges and threats which are more likely with corporations on Corporate Social Responsibility related issues and corporations and stakeholders are most likely to succeed when a long term planning is embraced. Research has proved leadership’s main role in initiating and preparing Corporate Social Responsibility programs and initiatives within and across corporate. Leaders in global business are the first true responsible citizens, who have worldwide experience, capability and responsibility and hence their decisions affect economy and society. The main role of the leader in devolving corporation to sustainable social responsibility is complex, and it requires a different ways of leadership skills and competencies.
This is because the relationships with others also depend on effective communication in the workplace. An example that we can be take are from business fields. In business field, every day they need to communicate with their clients. The ways of they communicate are important to persuade their clients and make them believe to involve in the business together. If they fail in their communication means they can fail in their business too.
Why it might be problematic to transfer it to business / Why it might be a good idea to transfer it to business 1. Transfer Swarm Intelligence to Business (Martin) Companies in almost every industry operate in an increasingly dynamic and agile environment with volatile conditions. The global markets are progressively saturated and the competition regarding market share increases. This urges the need for a successful differentiation from competitors. Furthermore, the intensified competition and the changing consumer behavior, lead to additional pressure for companies.
Riches, A. (2015) Bali describes that almost all the businesses has now recognized the importance of information technology in the business environment. Organizational changes to introduce new technology will be very difficult to get used to for the employees. Bali, R. 1999 McHugh et al. shows that Public sector organizations goes upon unsettling strategic Changes.
Communication has to flow in all ways. But a company like Microsoft has a lot of stakeholders at hand. These stakeholders can be the shareholders, the management team including CEO, or it could even be the employment staff. But because organization has to be effected by management, they are the major stakeholders who need to be communicated to. The communication given to these stakeholders has to be vital and properly analyzed because it affects the overall change.
Ethical leadership is a growing concept and many large companies are promoting business ethics as their corporate social responsibility. The behavior and the individual values of the leader provide the direction to the business. Leader’s actions in term of ethical behavior and unethical behavior gives ideas to the employee and other stakeholders that what need to follow and what values are aspired in an organization. The position of the leader with moral and ethical values is most important to provide the solutions to ethical issues in a workplace. This also evident from above discussion that ethical leadership is also crucial in developing the ethical culture within an organization.
making sure the right information gets to the right people at the right time. Corporate governance is subdivide into elements known to be (board of directors, disclosure and transparency, executive compensation, governance structure, compliance and polices, relationship with shareholders and stakeholders). Boards and executive officers are held accountable for the role in ensuring that business acts in a responsible and accountable
The question would emerge immediately, which how we define the (meaningful) work, especially in this global and neo-liberal society, the forms of employment is changing, for example, for the economic reason and revenue maximization, more and more employ-ees hold the project or program based contact instead of the open-ended contract, even more and more out-sourcing jobs instead of the stable working positions. In this context, the meaning of the work is also in a transition. Thirdly, participation is considered as the first and foremost im-portant approach in conducting workplace learning, which learners (work-ers) would embody into the practice context. Fourthly, the role of technol-ogy becomes mediation, not only the tools that is functionalized by learners
As the modern world is becoming a big cluster of various businesses, it is necessary to understand basic principles on which such businesses are based. For better understanding, it is important to know that there are external as well as internal factors affecting each business, its structure and success. Some of the external factors are a structure of competition in the particular market, trade restrictions, consumers’ interest, and a company’s market strategy. On the other hand, basic internal rules that affect each business are internal hierarchy and recruitment strategy. In order to understand what each factor presents and how it affects a business, it is best to look at real life examples.
They have justified their findings with several type of assessment models and empirical evidence. Besides emphasizing on the assessment of the CEO and the relationship between CEO’s power and the board independence, the authors could also emphasize that the board of directors has a bigger role and responsibility and has fiduciary responsibility of putting the interest of the company first. They must always act to the best interest of the company and the stakeholders: the employees, the customers, the shareholders and the debtholders. The board must exercise accountability to shareholders and responsible to relevant stakeholders. They also must monitor the effectiveness of the company’s governance practice and making changes where