The Ethics Of Corporate Ethics Programs - 1568 Words

Corporate Ethics programs are a tactic to promote ethical awareness amongst all employees within an organization at all ranks from entry level employees up to the executives. They provide great educational tools, providing employee knowledge on how to resolve ethical issues in any ethical dilemma they may encounter in their day to day activities or long term projects. They also assist organizations with increasing their performance therefore improving prosperity and making profits. Ethics programs help avoid scandals, by ensuring the organization abide by the laws in place, know how to respond when faced with a questionable situation, and how to report unethical actions they discover. Organizations must have a formal ethic plan in place to†¦show more content†¦Ã¯Æ'Ëœ An ethics program can also support the organization in dealing with regulation and technology changes. Organizations without ethical programs in place it will support management competing globally and set a new standard for organizations. The following elements are key to guarantee a strong ethics program and clearly state expectations for all individuals involved in the organizations doings no matter the ranking of the individual; employees, managers, or even members of the board of directors for the organization. All individuals being held to the same standard ensures no one can say they are being treated unfairly. Risk Assessments Every year the organization should complete a risk assessment to identify any high risk factors. Upon the completion of the risk assessment actions will be taken to alleviate any risks identified. A detailed report will then be provided to all members of the board of directors to ensure they are knowledgeable of what is happening. Internal and External Communication Communication must be clear and concise among all employees of the organization to prevent potential miscommunications and confusion. Managers should send personalized communication regularly. Senior managers should take initiative, if the need arises, to direct appropriate methods for employees to implement and follow. Consistent Appraisal and Enforcement The organization culture should beShow MoreRelatedEssay about Corporate Ethics Program3992 Words   |  16 Pagescontinued to grow. Consumers increasingly look to support and buy from companies that make ethical decisions. The government has also created new legislation that requires a certain level of ethics and creates encouragement for companies to go as far as to create ethics programs. The idea of â€Å"business ethics† is not new, but there is more pressure now than ever before on companies to prove they are making an honest effort to be ethical. 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Article Review of David Aakers Secrets of Social Media...

Businessweek article review Aaker, David. (2012). Secrets of social media revealed in 1966. Businessweek. Retrieved: http://www.businessweek.com/managing/content/jun2011/ca20110617_657629.htm According to the article Secrets of social media revealed in 1966 by David Aaker in Businessweek, many of the current principles embodied in Internet marketing were known amongst savvy persuaders even before the current technological age. A 1966 study by Ernest Dichter revealed that word-of-mouth persuasion was one of the most important motivational factors in brand choice. Internet marketers clearly understand this, given the degree to which they try to use online review websites such as Yelp and bloggers to convince people to buy products. This is often seen as more effective in reaching a cynical audience base than standard types of advertising. Dichter found that there were four motivations for a person to communicate about brands. The first (about 33% of the cases) is because of product-involvement. The experience is so novel and pleasurable that it must be shared. The second (about 24%) is self-involvement. Sharing knowledge or opinions is a way to gain attention, show connoisseurship, feel like a pioneer, have inside information, seek confirmation of a persons own judgment, or assert superiority. The third (around 20%) is other-involvement. The speaker wants to reach out and help to express neighborliness, caring, and friendship. The fourth (around 20%) is

The Challenges and Rewards of Managing a Diverse Work Force

Question: You have to research and prepare an academic essay on The challenges and rewards of managing a diverse work force.The essay task requires critically evaluatation of chosen topic statement, discussing the arguments for and against the statement. Answer: In spite of that the fact that there are certain challenges toput into practice and administer diverse work force, the advantages obtained from diversity are incredible and worth assigning purposeful endeavors to make sure a winningaccomplishment. In an organization HRis believed to be a source of competitive advantage thus, diversity improves this feature and strengthen the circumstances of worth, complexity, incapability to be emulated and complexity to relocate. Founded on the relationship to RBV, quite a few studies have categorized diversity into two categories, i.e., demographic and human capital. Demographic diversity indicates the set of unchallengeable andvisible characteristics, such as nationality, race, orientation, gender, physical ability or age. While, Human capital diversity are thethe less noticeable traits such asan individuals aptitudeto carry out definite tasks. (Pollitt, 2005) emphasized in his research that HumanResource Management diversity is not only about making sure a alternate workforce in terms of physical ability, religion, age gender or ethnicity. It is really about the worth to the organization that puts into practice equality and enclosure, its the worth of a diverse set of points of view, thoughts and practice (Andrea Marie, 2013). Organizing diversity in a workplace is said as the measures considered and carried out through human resourcemanagement to put into practice a diversitymodel in the organization and make sure make the most of the probable targeted benefits and reducing the anticipated difficulties. Diversity managementdoes not only differentiates but also ties together the disparities of workers and value them, such asindividual characteristics, diverse backgrounds, orientations and religious beliefs, so that individual capacities are fully engaged and objectives of the organization are meet.Despite the fact that Equal Employment Opportunities (EEO) strategies are determined by legislative, diversity management is determined by the precise business case of each and every organization. Drivers for Diversity Understanding how profit can be obtainedfrom applying diversity is better when appearing at the reasons behind the requirements for diversity. Itis the want for a new set of new capabilities in this swiftly altering world. In this day and age there arechief inclination drivers giving emphasizing to the role of variety andinsertion.These drivers are technological advancements globalization and immigration, amplified requirement for specific education and skills, and therising aging workforce around the world. Immigration Globalization Globalization is the most important factor which has impact onhuman resources. There are precise abilities that are required in order to guidebusinesses with customers and partners from around the world into accomplishment, as well as operating with team members and employees from diverse backgrounds. Divers categories of employees can give the necessary expert employees to deal with all types of customers and partners.In the same way, immigration has distorted the face of many workforces all over the world which also insist for greater than beforecultural capability, and animportance for making sure winning diversity strategy. Demographic Shifts In developing countries, high economic growth rates that are coupled with insufficient numbers of skilled workers result in high levels of turnover.The labor pool indeveloped countries like United States, Canada and European Union is aging, which triggers the demand for reassessing employee prospect, increase flexibility and needs. These coordinated tendencies call for altering conventional events of employing and keeping workforces. Technology Fast technological advancements hadto great degree amplified convenience to information andgives clearness in organizations. In todays era Global communication has become easy and faster than ever. The free accessibility of information improves the purpose of diversity by offering employees and managers the right of entry to resources and teaching andadds to prospects of employees concerning the directness of the culture and elasticity (Leigh, 2014). Socio-Political Environment Strong political, nationalist and religious splits are quickly growing in communities all over the world and managing these receptive clashes andbuilding a culture of diversity and enclosure within the business in spite of these types of splits is a most important and vital process nowadays. Advantagesof Diversit This is run into due to employeespleasure of being treated moderately, likewise valued and the organization is protecting their self-respect which generates betterproductivity, happiness and motivation. According to a research of (Ilmakunnas, P, 2011) a mixed worker comprise of both genders, , old and young,and people with varied work experiences is a enjoyable environment to work in. Italso conveys economic benefits to workers. Forexample, a diverse image workers is going to profit productivity and therefore it will be mirrored on individual salaries too (Sanchez,Vinces, Apellaniz, 2011). Productivity Financial Performance The right policies of diversity have an effect on productivity in production purpose, a mixed or diversified staff achieves better than anon-diversified staff. Different skills and practices are placed harmonizing to each other, such as that younger personnel can learn from the older and experienced employees, younger personnel canalso be more creative than older workers. In studies made by EthnoConnect,a most vital multicultural marketing consultant in the US- Soon (Lee, 2014) the chief specialist and advertising guru, declared that Overseas administrators are enormously winning in the American business world because ofinternationalization and globalization. People from India and China profit U.S.firms with their astral quantitative skills. And people from Swiss, Germany, Britain, and French- do wellin high-level jobs. A research done on Catalyst nonprofit organization on 354 of 500 Fortune companies discovered that the Financial Performance is Higher in the Companies which have more women at the Top which give emphasis on the fact that good corporate governance is connected with gender diversity (Lahiri, 2008). OrganizationalCulture Diversityhas a great consequence onorganizational culture as it extremely emphasizes on attaining ordinary organization objectives rather than individual ones, which wasestablished to be a causebehind enhanced quality management end result of a varied set of problem resolving aptitudes in aproject group. According to a research it was found that the amplification of number of women in the employees is taking thebusiness towards horizontal managerial structure. The horizontal structure by itself improves practices and policies to make the most of the positive influence of diversity. Employee obligation Group Dynamics When the human resourcemanagers put into practice the best practices of diversity and equal breaks, the promise of workers to the organization and their work groups is elevated. It reduces the likelihood of absenteeism and attrition, which practices workers normally follow to keep away from stress, unnecessary dissatisfaction or low morale. Hence,high pretention between the brilliant labor force and the organization has proved tohave a constructive effect on the capability to managing personal conflicts, and it also produces a greater level of contribution, agreement and accord while following solutions for the project which creates better decision making (Ilmakunnas, Ilmakunnas, 2011). New Products and Services Diversitystrains ideas in balanced development firing bigger imagination and novelty. It can stimulate deliberation of less blatant options.These outcomes are the result of thriving needs of new products and services that meets the customers expectations and demands, because each varied individual symbolizes a section in the market tobe beleaguered, and is more conscious of the needs of these segment consumers. LOREAL Diversity is Innovation The cosmetic giants modus operandi for diversity management is INCLUSION = INNOVATION SUCCESS+ INNOVATION = INCLUSION + DIVERSITY This simple formula controls many functions in LOREAL According to Sumita Banerjee, Vice President of Loreal, USA The staffing of varied aptitude for our organization is significant to our capability to construct ourbusiness and impel growth in future. Loreal links with skilled talent holders such as stupendouswomen in through references, inrecruitment fairs, through placement consultants etc. Better and Bigger Talent Pool An organization which has a good repute of supporting effectual diversity polices is more capable of attracting a diverse employeesset and finding the top quality employees becomes much easier for such organization. When employing the ideal set of varied talents, the competitive environment of organization is hoisted and therefore performance is raised. Also in a growth plan, the company will have all the neededskills to better converse with clients and companies from a range of parts and countries and this is the way it can keep upwith globalization and migration trends that were mentioned earlier in the essay (Edwards, Robinson, and Woodall, 1999). Economic Growth A study was made by TheCenter for American Progress, and it was found in that study that economic growth of the country is moving ahead and is joined with theincrease of minorities and women inflowing the personnel chiefly at the entrepreneurial level. The National Association of Women Business Owners stated that women possessed 1.8 million firms, engaged 1.3millionpeople and made $164 billion in profits annually, as of 2005, another report byNational Women's Business Council, Minority reported that Latins industry owners only have created $55.6 billion between 2003 and 2011 Exchangingawareness and Forming New Attitudes For example, in Western countries the culture is that the time is money and deadlines are vital inbusiness, while in Arab countries giving deadlines is considered to be rude and there is no time set for performing important tasks. Swap those insights and putting together those with presently adopted ones can turn out better and improved attitudes that can help in better performance to the company. A model projected by (Beena, 2004) shows how team performance will be have an effect on diverse awareness of time. Better Image Companies who supportdiversity havebetter image, reputation and status and might be positionedand honored for putting into practice diversity (Kirton and Greene, 2005).. Because of a better brand image and name it would be easier for the company to attract best talent in the market. While there are many advantages of diversity, there arealso some challenges in having a diverse workforce, these challenges are mostly a product of peoples resistance which canbe prevail over assured events and gradually get rid of negativeeffects of diversity. Some of themost common challenges in diversity are - Resistance to Change This is the chief challenge which comes into force whileputting into practice diversity in a workplace, forlong recognized corporate, the staff might be very opposed to change which is anobstruction to the varied workforce who wants to survive in the organization. Interpersonal Conflict Even though diversity can lead to more creativity and enhanced problem solving; it might also lead to conflict and disorder if thereis lack of admiration amongst groupmembers. As organizations raise into more varied, they might face superior peril that employees will not work togetherefficiently and conflicts may become the custom (Morgan, 2014). Stereotypes and Biases It happens if people allocate individuality to the whole grouprather than reviewing each individual on his own qualities, and if unconstructive attitude is formed, it might result topestering. Thismanner can in future lead to the employee leaving the company which can cost the company A diversity plan should be put into practice effectively to keep away from such issues. The best way to conquer these challenges is to increase knowledge of thediversityplan and the positive points of diversity to the employees, as well as to the whole business. Trainingprograms should start with managers and should also cover all the employees, which is advantageous in making sure that the awareness is not underestimated. It is vital for organizations to realize thatDiversity is about people and people needto be taught about acknowledging this change. Employees can oppose and haveunconstructive attitudes which can in future affect the whole environment off the company. It is needed for the workers to be conscious and be trained on agreeing to and even endorsing diversity. Another significant factor in conquering the challenges are the right HRs and policies to put into practice the diversity; this can best be done through top level management (Shen, Chandra, DNetto, Monga, 2013). Conclusion In a globally competitive business world, having avaried workforce is becoming a norm.It offers theorganization with a variety of competitive advantages in the market which differs from a happy, dedicated and imaginative and innovative work force to an improved production, presentation and strong status and name. These plus points surpass the challenges as diversity certainly have an effect on the entire company structure and nature of doing business, while challenges take place only because of people who arenot willing to agree to or are not able to handle the diversity requirements. These challenges can be conquered by making the workforce conscious and skilled on accommodating diversity. We can also conclude that the role of HR managers is vital in realizing diversity in a way that helps theorganizations strategic objectives. References Andrea B., Marie S., (2013). Reaping Beneà ¯Ã‚ ¬Ã‚ ts From Diversity , STRATEGICHR REVIEW VOL. Vol. 7 NO. 5 2008, Pp. 5-10, Emerald Group Publishing Limited Beena S., (2014). Workforce Diversity, Temporal Dimensions and Team Performance, Cross Cultural Management Journal, Volume 11 Number 4 2004, 40-59 Edwards, C., Robinson, O. and Woodall, J. (1999). Lost opportunities? Organizational restructuring and women managers. Human Resource Management Journal, 9 (1) Ilmakunnas, P., Ilmakunnas, S., (2011). Diversity atthe workplace: whom doesitbenefit? De Economist, 159, 223-255. Lahiri, I., (2008). Creating a Competency Model for Diversity andInclusion Practitioners,Council Perspectives, Insights from the Conference Board Council on WorkforceDiversity, US Lee, M.., (2014). Business Advantages of Diversity in the Workplace, Ethno Connect. Leigh G., (2014). Challenges of Diversity in the Workplace. Morgan, S, (2014). What Are the Benefits of Workplace Diversity?, Demand Media, GlobalPost - International News. Kirton, G., and Greene, A., (2005).The Dynamics of Managing Diversity: A Critical Approach, 2nd edition, Oxford: Elsevier Butterworth Heinemann Marinas, C., Bacaescu, M.,(2009). Cultural diversity andhuman resources management in Europe. Review of International Comparative Management, 10(1), 176-186. Sanchez, T.,Vinces, J., Apellaniz, M.,(2011). HRM is Spain its diversity and the role of organizational culture: an empiricalstudy. European Journal of Social Sciences, 26(3), 389-407 Shen, J., Chandra, A., DNetto, B. Monga, M. (2013).Managing diversity through human resource management: aninternational perspective and conceptual framework. The International Journal of Human Resource Management, 20(2), 235-251.