To follow the code of ethics are the basic duties of the employees. For those reasons, to adopt the code of ethics in the County of San Diego is important to keep the county’s public good and goals. G.M Financial Corporation The main purpose of ethics in the G.M Financial Corp. guide principle of business conduct rule for employees with customers, vendors. The G.M’s ethics are basically all G.M employees and they follow the ethics for their business, behavior and conduct. According to the G.M Financial Corp.’s of code of ethics, GM Financial’s mission is to create value for our stakeholders by constantly improving our services, investing in innovative solutions and information-based strategies, and promoting a culture of teamwork, excellence and integrity
For a company to retain talent it must offer more incentives for the employees than that of its competitors. Your company encourages the decisions and ideas of the employees but more programs could be put in place to help retain employees. Implementing a program that offers rewards for time and cost savings not only benefits the employee but also the company by projecting a positive image of employee worth to the company. Keeping the companies hiring practice on the national level is required for all employees that work in the retail stores but if there is a need for technology or manufacturing of a particular product I would recommend global labor. 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.
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
Economic value is a primary focus to determine infrastructure between the supply chains. No ordering and producing products without a demand will promote flexibility in terms of product mix and eliminate product waste and services. The organization will not go without stock, sales, and distribution of products in demand. Therefore, Home Depot’s supply chain value, management, vision or goals and development priorities should focus upon the following objectives in the next 24-month period. Home Depot’s key to success is the way the organization treat people well and encourage associates to speak up and take risk in leadership and development for growth.
Brainstorming and group problem solving will help a business succeed. Teamwork also brings into play diversity, working in teams is being able to communicate and work with others of different backgrounds. Another business trend that is big in the workplace is ethical concerns. Treating employees fairly, showing concern of the environment, treating the community with respect and telling the truth are all ethical concerns that play a big part in business trends and are probably one of the most important
Business Strategies Finding a Niche and fill it: A manufacturing company is an operation that produces product to meet customer demand. A successful manufacturing company feels a niche by choosing to make products that they can offer for a better price than its competitors or items that provide a superior experience for the customer. Build Competent Staff: A successful manufacturing company must have a trained and competent staff that understands the fundamentals of manufacturing in general as well as the particulars of manufacturing the particular company`s products. Your staff must understand how to prioritize manufacturing tasks by understanding which orders are most urgent, and which processes must be completed before others can begin. Staff members must be able to troubleshoot equipment, keep materials in stock and deal with idiosyncrasies such as the quirks of different machines and materials.
Riordan will pay higher salaries to employees with high-level skillset to attract and maintain employees with these skills. In addition, this strategy will help the organization keep production running smoothly. The company understands it would cost much more in time, resource, and money to keep retraining new employees. Research and development strategy is part of the pride of the company. Riordan regularly creates and uses some of the most innovative processes and procedures to provide customers with the best product possible.
This system that is founded on the job analysis has lead to a formal structure job descriptions which is how the pay scale the company uses is put in place. Employees will step up and help the company by doing other duties or help with the duties of new positions so the company can stay competitive in the market. Companies will ask employees to do this if they have had to cut staff or if they are adding certain jobs to the company but do not want to add any more staff. In order for the company to stay competitive with other companies each company will need to have policies in place that will help and maintain what they have already established. By having these policies it will show that the company is willing to be competitive and will do what it takes to recruit and retain employees.
It is now a melting pot of different ages, cultures and races. Because of this companies must now balance different types of diversities in order to keep employees happy and the company functioning. Firstly, people are now staying in the workforce longer. This now means that people of different generations now have to work alongside one another which can cause conflict. Age is not the only diversity within the workplace, but now cultural differences such as race, religion and personal beliefs also play a bigger part.
Ethics in business are not just a passing fad. Ethics are foundation of any business. Ethics are the values that you invest in a business. When your organisation is ethical the employees in the organisation feel motivated to work in the organisation. I visited a company in which the main motto of their company in their mission statement was "To deliver value products and services to customers NOT under any cost."