Tag: Social Responsibility


Supplier Relationships and Negotiations

Good relationships with suppliers are essential for running successful businesses.  Managing supplier relationships can be a challenging and resource intensive operation.  It would also require time and energy to be invested. Hence, it is important that the management identifies priorities in this area and focus their attention there.  Segmenting the vendor base is one practical way of accomplishing this task.  That is, instead of treating all vendors in equal footing, giving preferential treatment to key vendors is the right way to go.  This is especially valid when the business enterprise is fairly large.

The management needs to assess supplier relationships in terms of their complexity and criticality and then prioritize.  In order to ascertain how complex the relationship with a particular supplier is, the following factors should be considered: “1.Number of individual relationships (contracts) your organization has with the vendor. 2. Variety of information . . . Read More

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Business and Society: A Strategic Approach to Social Responsibility

1. Define technology and describe three characteristics that can be used to assess it.
Technology is the set of processes and techniques that are employed to improve efficiency and scale of operations of a business. At its core, technological innovation is intended to bring about higher quality standards and greater profit margins for the company. Some of the characteristics that can be used to assess it are: the competitive advantage it offers, its upgradability, and its impact on quality standards of the product or service.

2. What effects has technology had on US and global economies? Have these effects been positive or negative?
The history of capitalism is one of success based upon technological advancement. This is true in the United States as it is elsewhere in the world. Overall, their impact on national and global economies has been benign. Irrespective of the cyclical booms and busts of technology driven economies, they tend to improve . . . Read More

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Documentary Film Analysis: The Corporation

The documentary film titled The Corporation attempts to present to the viewer different facets of this institution.  The points of view presented in the mainstream media are quite different from the actual realities associated with business corporations.  The documentary is based on a book written by Joel Bakan titled The Corporation: The Pathological Pursuit of Profit and Power, and is made by the team comprising of Mark Achbar and Jennifer Abbott.  As the title of the book suggests, business corporations are all too often guilty of pursuing profits over the interests of people and the environment.  This thesis is suitably demonstrated in the documentary through a compilation of interviews, film clips and case studies from the past.  Divided in three one-hour episodes, the documentary succeeds in showing to the viewer the various negative aspects of a business corporation, which often gets little attention in the mainstream media and popular discourse.

One of the major . . . Read More

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Should company law serve the interests of only those who contribute capital to companies or should it also consider public interest?

How well a business corporation performs in financial terms is significant for a broad group of people that includes potential/existing investors, creditors, employees or managers. With differing information needs and purposes, each category of stakeholders should be provided with data that is comprehensive, relevant and reliable, so as to allow an informed opinion to be reached on the corporation’s financial performance. However, all too often, the general public is left out of this equation.  A corporation’s operations have direct and indirect effect on the general public, who don’t have a “stake” in the company in the conventional use of the term.  Yet, business corporations are purely economic structures, whose sole purpose is profits and whose foresight stops with the next quarter.  This essay tries to discuss the existing norms of accountability, its deficiencies and areas that need improvement.

The only document that a company in the UK . . . Read More

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Best Practices Manual for Supervisors

The term ‘supervisor’ refers to a person who assigns work to subordinates and oversees their activities and performance. In management the first line managers at operating level are called ‘supervisors’ because it is the primary duty of first line managers to supervise the employees engaged in the basic operations (also called operating workforce) (Ahuja, 2005, p.225).

Supervision

In management, the term ‘supervision’ means overseeing the subordinates at work by their superiors. It is the function of leading, co-coordinating and directing the work of others to accomplish designated objectives. It refers to the direct and immediate guidance and control of subordinates in the performance of their task (Sharma, 204, p.110).

ROLE OF SUPERVISOR IN AN ORGANIZATION

The role of a supervisor in an organization has been shown below: Fig. Role of Supervisor (Sharma, 204, p.111)

(a) As . . . Read More

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