By regulating these prices they make sure that companies are not taking advantage of consumers. The regulations also protect companies by regulating the competition therefore it lessens the effects that competition has on other companies. (McConnell, 2008, p. 583) The entities affected by industrial regulation are oligopolies and natural monopolies. (McConnell, 2008, pp. 589-590) A natural monopoly is where one company produces a product at a lower cost to the consumer than any other company.
The inability to look past the right choice to the most beneficial one, the obligation to right versus wrong, and the idea of equality in the workplace may result in problems in the workplace for a person who holds these values within the obligation category. With this said, it is certainly valuable to know the individual ethical style and perspective held when entering a business atmosphere. This would allow for easier transition of ethical dilemmas into issues that can be accepted by everyone involved. This, in turn, would provide a better atmosphere for the company, the employees, and ultimately the
As the nature and type of work changes within an organisation, so do the skills requirements. An organisation must measure the skills levels of its workforce in order to plan for the future - appraisals, awards, certificates etc Workforce profiles - This means that a manager can view and monitor the types of employee working for the business. They usually include details such as age, gender, ethnicity and availability. Knowing ages can help you plan for the future and also ensures that you fulfill any legislation requirements. Large gaps in ages can cause problems so this allows you to combat this.
Human resources management is responsible for recruiting, hiring, firing, and training employees. It also develops and implements company policy. In many cases, developing the ideal human resources strategy requires assistance from outside the company. • The business world has experienced numerous changes as a result of technology and globalization. It is important for the field of HRM to be prepared for these changes.
ASSESSMENT 1: SHORT ANSWER QUESTIONS Introduction The implementation or sustainable practices in any business generate solutions opportunities could be in many different places or be part to many different external situations; when someone is looking for business opportunities can find that some environmental factors could give many opportunities, a clear example of this is the change of some law or a special economic situation, the demographic grow and the necessities of this population. The environment to find business opportunities could be cultural, political, technological, demographic, economic, political or natural; for this reason is important learn how to identify marketing opportunities in this aspects, and example of this marketing
The final category is equity. The decisions of a manager with an equity profile will change with the environment. The standards are not clear cut and the manager looks at the future impact of a decision not in the short run. Looking at the everyday values, a manager can see how they relate to the Williams Institute Ethics Awareness Inventory Assessment and their daily
Managing Change Part II MGT/426 Managing Change At times organizations tend to take on their own culture and in doing so, they face different challenges and changes. For Citigroup to compete, stay financially fit, and adapt, the organizations has to change. Citigroup’s employees must understand how change can be beneficial to the organizational and to them as well. By implementing change will allow the organization grow, meet customers’ needs, challenge the employees to improve his or her skills. Change is imperative for Citigroup to remain relevant.
In sociological terms, however, individual career development is also a product of the constraints on and barriers to choices that individuals might prefer to make. Such constraints can occur because of limitations on individual choice that arise from political conditions or from economic circumstances. Sociological effects on choice also can be seen in family and cultural influences. Families with differing educational and socioeconomic backgrounds tend to reinforce different educational and occupational goals and belief systems related to career choice. Nations and cultural groups also differ in how particular types of education, work, or family roles are valued, and these perceptions tend to be internalized by group members and reflected in their choices.
An example of a disadvantage includes attempting to keep technology current with the most effective methods. Another example is in not knowing what the cost structures are of the particular polluting firm. This information is necessary to ensure the regulation is effective (EconPort,
The independent was chosen based off my research and literature review in which the hypothesis states those who recycle are more concerned with the environment. Furthermore, I added other variables that could possibly affect the outcome of the independent variable, these included income level,