Some of the very important factors are: Government stability effects businesses in a great range by competing with businesses to lower their costs, transparency is another important factor where anything the business does is revealed to the government and the government know exactly what they are up to. Economic policy of government on businesses is also a very essential factor that effects businesses for example, government sets up rules and frameworks according to which the businesses compete with one and another, so from time to time government changes these rules which forces the businesses to change the way of their set ups. There are also beneficial political factors that help businesses in various ways, these factors can be defined as apprenticeships and funding of schools and colleges which will enhance the skills of the population that will affect McDonalds in having more skilled workers to work for them which will
Ethical standards are the code of conduct required by the organization for workers to follow. The relationship between organizational culture and ethics is that the organizational culture guides workers when faced with ethical problems. If the organization culture counters what they are required to do ethically, workers may put the organization in jeopardy by not act ethically. When a worker is faced with a decision that others within the organization think as appropriate, though it is unethical, the worker may follow what is acceptable as per the culture. It is the relationship between organizational culture and ethics that can get businesses into significant trouble in the long term.
Staying within the budget is very important for a company to measure growth. Purchasing expensive programs or systems can become a waste of company resources. A company will need to look into their assets, vulnerabilities, and network features before purchasing anything to ensure that it will fit their needs. With the proper security program in place all security threats that could harm the company will be revealed and addressed to further protect the Bloom Design Group Corporation. The Bloom Design Group will need to apply their best practices to ensure IT systems not only reach a known and trusted state but that they also preserve that state of compliance.
Identify the main reasons for reviewing working methods, products and / or services in a business environment. The main reason why a business should review working methods, products and / or services are to ensure that they are keeping in line with other businesses. An example of not keeping up with the times is HMV. Change can cause added pressures to the business. However there are changes that would have a small affect on the business.
The ability to tap into the global labor market will make the company more competitive by being able to offer competitive prices on products due to lower overhead cost associated with the offset in the labor cost. Attracting employees to join the company is the better option unless there is a management position that requires exceptional talent to fill the position. Relocation of prospective employees can be costly to the company and there is no guarantee that they will be long term employees of the company. With the company's plans for expansion I would recommend overstaffing. This will allow the company to stock pile talent for future
Environment concerns are important for pressure groups so they try brought onto the business and also protest against the businesses. Trade unions have an interest because they represent the employees in a business. They attempt to secure the employees’ wages and also better working
As many companies who are international have had to do, Levi Strauss will need to find a method that all of their companies can agree with and keep it going while being ethical. This will help the company to prevent any, and in some cases all controversy. Conclusion With many companies in the international market, it is as important as ever to remain as ethically sound as possible. With the goal of increased earnings comes additional responsibility to accommodate all countries and their ethics. By modifying how the company does business outside of the United States, Levi Strauss and Company should be able to accommodate social factors as well as moral factor which will allow the company to be successful for years to come.
Business Research Ethics A.C. RES/351 November 11, 2013 Dr. Augusto Casas Business Research Ethics Researchers have confidentiality obligations to participants and research sponsors, alike. Another obligation researchers have is to follow policies and processes that are set in place to ensure that researchers provide accurate results, regardless of the end goal they may have in mind. When researchers fail to follow set procedures and skew, withhold, or create results to their benefit, research misconduct takes place. “Misconduct in research is a serious ethical and legal issue” (UC Davis.edu, 2013). Not only is misconduct in research an ethical issue, but there could be severe costly results to the researcher, the organization it represents,
3. Sales Quotas A “tried and true” strategy for motivating dealerships to increase sales of a product is through sales quotas. By setting a sales quota for the dealers to meet each month, Company S will encourage the dealerships to increase sales. This method has the distinct advantage of not costing the Company and funds. However, the disadvantage of this strategy is through the
It state that without effective education in the business environment in other counties, employees and business partners are more likely to make incorrect judgments by putting themselves as well as the company at risk of a infringement. The United States companies and their representative and subsidiaries offices must establish strong interior accounting control. The U.S. employers also must ask the tough questions of employees and must work with the persons to come out with a legal solution that still allows them to be competitive. This act cannot be a one time discussion or a few comments after a preparation sitting. It should be an ongoing exchange of ideas that helps the company expand a sound approach for meeting the market necessities within the limitations of the Foreign Corrupt Process