Perhaps they believe that the employees are contributing to the revenue losses and are stealing merchandise. These are all self destructive in nature and could impact their ability to remain in business and keep good employees. Making the decision to close two stores without adequate justification drastically reduces it footprint in the market place. It appears that either the store supervisor or manager is not engaged with the employees and consumers; do not have sufficient training on company ethics policies to enforce them; or they do not have a fully robust ethics program in place to address to ongoing issues. PART B Company Q can take some immediate steps which I believe would turn a downward trend in to positive results.
Ethics Paper MGT498 Ethics Paper One of the biggest things that big named organizations sometimes tend to forget is that when difficult decisions must be made, they affect everyone within that organization. Whether it be budget cuts leading to loss of hours or layoffs, lower stocks percentages for the shareholders or it can even change things positively, and require more production of hiring. Either way, when issues come up and things change, it is important to keep everyone involved well informed and made in the best interest of those directly affected. In the business world, corporations have a responsibility to the employees as well as the stakeholders to be ethical in their decision making by staying true to their beliefs and behavior to society. When unethical decisions are made, everyone involved in the corporation and its well being are affected in a negative way and will jeopardize the well being of the business.
Sweatshop Labor Practices. Angel A Montaz PHL/320 27 April 2015 Laura Lewis Sweatshop Labor Practices Sweatshop labor is something we hear a lot too often in the TV, social media, and at work on the Human Trafficking training. Sweatshop is defined by the United States ARMY and the Department of Labor as company that breaks several human and Federal laws. Sweatshops are inhumane, companies force people on false pretended promises to work in unsafe, unsanitary, and harsh conditions for low or not wages. They usually use children, woman, and old people as well.
1. Why is it important to focus on ethics in a global business management course? It is important because every multinational company and multinational managers face ethical challenges when operating in a foreign country. Multinationals engaging in questionable behavior receive bad publicity and can lose goodwill. Also multinationals can get sued and suffer losses.
Another risk that the firm faces is legal. Just like employees can file lawsuits against the company other stakeholder groups such as suppliers and customers can also take legal action against the company. The unionization of employees is a risk that can affect the employee relations of the company. A union can ask for exorbitant pay raises which could force Walmart to raise its payroll expenses which would lower the profitability of the firm. A union also has the power to shut down the operations of the firm if the employees go on
This response likely had the added effect of offending their employee base by suggesting that their employees would utilize the program to steal from the company. This offense has the significant potential for lowering employee engagement and retention. Clearly, Company Q is not educated in how ethical conduct and social responsibility by a company can actually boost its profits. Their current position only serves to perpetuate the long lived consumer mind-set that companies are inherently dishonest and only have eyes on profit. It is unrealistic to believe that Company Q can instantly jump from their current posture to one of deep and meaningful social responsibility and corporate ethics.
The purpose of the analysis is to lower the cost the company spends on new employees and to decrease the employee turnover rate. Some of the research questions that require an answer are: * Which departments within the company are experiencing the highest turnover rates? * What are the reasons for the employees to seek other
When companies use unfair processes and discriminate according to looks, it hurts the potential employees and the retailer; if someone doesn’t fit a “look”, it doesn’t mean that they are not qualified for the job. A company should not judge on looks, but whether the person is qualified for the job and
Describe how direct or indirect discrimination may occur in the work setting Direct discrimination is when someone is treated unfairly due to their circumstances; an example of this could be missing out on a promotion at work because your employer thinks you are capable but chooses someone younger instead because they will be working for longer. Indirect discrimination can sometimes go unnoticed by people, rules
The loss of production and or customers due to failure to deliver the employees or products you sell is also an indirect cost that affects the business in a negative way. One indirect cost many of us do not think of is the effect on the companies morale and that can take a toll on others employees especially the ones who are taking the brunt of the work that the separated employee was performing. Turnover and the indirect cost can even include more frequent accidents and higher injuries due to the inexperience of newcomers. If you take all of the cost, the indirect and direct cost into consideration, you can start to see the full scope and calculate the cost of the