Good corporate culture should have the ability to increase cohesion within the company, make executives and employees form the unified goal to promote development of the company. The case is begin with the events that lead to AIG’s downfall, stating the influence of AIG’s corporate culture. Then it illustrates AIG’s affairs happened before downfall, bringing out its ethical issues. And the end of the case, it states how the government help AIG to avoid bankruptcy. The company involved itself in bad mortgage lending by financial institutions that did not have sufficient capital to cover the loans, which in turn had bought this type of insurance from AIG that created an unstable financial environment.
Not only does culture help improve an organization's productivity, effectiveness and efficiency but it allows it to be set apart from its competition. Both the workers of the company and the customers play a significant role in the representation of the organization and the fulfillment attained when culture is properly perpetuated and reproduced. This study henceforth explores exactly how participants of an organization help with the co-creation of a previously established culture within an organization. It will further examine how experiences and socialization also play a huge factor during the process of cultural co-creation. Concrete analysis was done through the use of ethnographic interviews, keen observations, and the obtaining of corporate documents.
They may not have a massive influence such as other particular stakeholders but they play a key role. The manager would show influence as a stakeholder in the business only in a positive form. This will be beneficial for Asda as it will help them thrive as a PLC because it shows how much influence the managers of Asda can exert into the PLC. The managers of Asda will have to make decisive decisions to help the company grow and progress over a period of time, the company then can expand upon the performance of the business. They make these decisions with acquiring the detailed information which can help Asda flourish.
The corporation has a strong internal environment that makes it succeed in its business venture, which shuns away other players while maintaining both profitability and competitiveness. Its main competitors include Regis Slaons, Macy’s, and Sephora. In this regard, this paper seeks to analyse the company’s potential by scrutinising the internal environment, corporate resources, competence, and other attributes that depict its strength and weaknesses in under the SWOT analysis. Internal Environmental Analysis The company has adopted various measures that enhance its competitive nature embracing different procedures and policies. It has also improved the management department by providing suitable measures that define goals and objectives of the company for it to attain increased returns (Fukuoka et al., 2012).
d. What should be the primary objective of managers? The primary objective of a finance manager is to maximize the investors wealth. (1) Do firms have any responsibilities to society at large? Yes companies do have responsibilities (ie. Social responsibilities) and should be taken very seriously because some stakeholders invest in companies by how a company handles these responsibilities.
6As a facilitator the mangers from FedEx has to stimulate team members to takeassume responsibilities and to take charge for problem solving processes. In order toassure that mangers from FedEx had to empower the teams by giving them the power tomake changes needed to improve productivity and customer satisfaction. In this processof power transfer from managers to teams implied automatically a responsibilitiestransfer towards the team. In other words, if you take the decision you have theresponsibilities for the results derived from that decision. By doing this FedEx managerswere improving team effectiveness because teams were accountable for the results andalso the motivation among team members is improved due to this power andresponsibilities transfer.Another way used to facilitate team effectiveness is to have FedEx managersinvolved in the goal setting process, but compared with normal team in SMT the role of the manager is to set clear and attainable goals always using team members input andideas.
Shareholders have an ethical duty to step in and make demands if the company is acting unethically. Shareholders also have a legal responsibility to obey the law on the business of shareholder and business relations. Shareholders also have a legal responsibility to not misuse company assets. Last, shareholders have a economic responsibility to be profitable and earn returns on their investments. Actions: Shareholders are a mixed-blessing because it aids in the operations and success of the school and are highly cooperative, but also has the power to change any part of the business that it feels is not up to its standards.
Case1 The goals of this case is to Searching for Byte alternative solutions to feed the increasing demand of its products so can it enable the corporation to maintain a market share also the Ethical dilemma regarding the company vs. Plainville , in addition to highlighting the social responsibilities of corporations that are for the most part considering profit maximization as their primary goal. Additionally, illustrating how the outside directors of the board can play an active role by avoiding groupthink and raising genuine concerns over management decisions by using their unbiased judgment and thereby providing efficient leadership to the company. Suggestions for settling the corporation impasse they can to return to the white board, searching for other solutions that capable to soothe the situation and finding way out to this impasse such as buying a small competitor or extending the business , Maybe Bytes Products and the competitor can enter into strategic alliances and building a new plant in the area may not be needed also According to Carroll’s four responsibilities of Business, Byte is already following the first two responsibilities, Economic: producing electronic components to meet the demand so that Byte could repay its stakeholders; Legal: follow accordingly to the regulation of the state. Hence to compromise for the present impasse, Byte has to follow the last two responsibilities which are Ethic and Discretionary. Byte has to tell its potential employees and town administrator about this temporary operation so that they can plan for their set back when the plant closed in the future.
Beside that the PEST also easy to 99 Speedmart to make analysis for the business future such as in business and strategic planning, marketing planning, organizational change, business and product development. By analysis all that 99 Speedmart can maximize the opportunities and minimize the threats to the organization. Political The political is one factor that will affect the business. This is because the political is one component that dictates on success of the business. In term of politic that will affecting the 99 Speedmart is government policy.
The adaptations need to involve the results of the market and customer analysis executed by Sterling Partners 2. Fisher and Moral should maybe debate about appointing a highly competent national subsidiary located in a strategically important market as strategic leader for other subsidiaries c. A theoretical or structural solution is as much important as getting people involved and motivated to achieve the common goal d. It is important to form a corporate culture even across different businesses that have different performance