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
The legal forced cooperation is a direct way for an organisation to cooperate with its employees. If Tesco wanted to directly go ahead to cooperate with their employees then they will have to look at the employer and employee’s contract and agreements to come to a term. As being a market leading organisation Tesco have many employees working for them who are based on different contracts. The reason being is because Tesco usually focus on suiting their employee’s needs and so keeping them satisfied is one of their main goals. For this reason the turnover rate for Tesco is really good as not many staff gets fired or leaves the organisation.
1. What types of work behaviors did AIG intend to encourage through its retention bonus plan? Firstly, the retention bonus plan may have been devised by AIG to incentivize its employees to stay loyal to the firm and stick with it during the unwinding process. Many of the accounts were highly complex and bespoke in nature ,therefore, it was important for AIG to retain the best and brightest employees who had the knowledge and expertise to close those accounts. The company may have also expected to elicit behaviour in its employees exemplified by Douglas Poling through the retention bonus plan.
P6 - Describe how political, legal and social factors are impacting upon the business activities of the selected organisations and their stakeholders All businesses and corporations will face external factors that impact the business activities and stakeholders of a business. These factors of changes can be political, legal, and social within the business environment. Politics is a process by which groups of people make collective decisions. These decisions can affect businesses as well as the working economy. For example, a new legislation or a regulatory change of policies from the government will affect business activities.
This is communicated down to the employees to set the standard for what is expected. Together, these functions can set the success level of a company. Culture and Behavior An organization is consciously coordinated social unit, composed of two or more people that functions on a relatively continuous basis to achieve a common goal or set of goals (Robbins & Judge, 2009, p. 6). Organizations can have several different purposes. Some are for profit and are in business to make money while others are non-profit and their primary focus is to meet a need.
According to Investopedia, a stakeholder is a party that has an interest in an enterprise or project. The primary stakeholders in a typical corporation are its investors, employees, customers and suppliers. However, modern theory goes beyond this conventional notion to embrace additional stakeholders such as the community, government and trade associations. (Investopedia 2012) The familiar obstruction that develops with having several stakeholders in an organization is they have an assortment of self - motivating agenda’s that may not be congruent to each other. The fact is that they or more than likely in discord with the other faction.
Frank may be the leading salesperson who has to deal with the situation when it actually happens (customer dissatisfaction). Ricardo, on the other hand, coming from a different culture with a different work experience may be the one that feel hostile regarding to Frank’s response, or depending on the scenario. Louise has lost her leadership skills in handling the situation after sensing of what her team is likely to be thinking and feeling in the situation. 2. How does Louise's personality (according to her MBTI score) play a role in this scenario?
Owners put in their money to make a profit this is why it is important for them to track the sum of money they may have made in an accounting period. Usually a supervisor’s standing is related with the success of the company. When a business is making money the amount of money a manager makes will usually increase and they may also get a promotion. Income statements are also used to check the revenues and expenses of the company which allows managers to reduce their unnecessary expenses to make more profit. These income statements are also useful for outside users such as investors, creditors and the government.
The inspirations of workers can a large problem for managers in business. To maintain a level of performance in every department including production, this problem can sometimes take away from the inspiration of employee problem. Workers do not only require one type of motivation but various
This has a negative impact on the individual and on the company. If an employee is being discriminated against, he develops a negative attitude towards the company and the managers. It is even very likely for the employee to start being less productive and to develop a low self esteem meaning that he cuts himself of from any possible contributions he could have made. I handed out some questionnaires to a sample of employees to gain some insight on how they feel and to see what type of discrimination might be common in my workplace. I spent the time and effort on this topic to be able to put myself in the employee’s shoes, to feel what they feel and to see what they see and hopefully I can gain some understanding and