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…
Tag: Social Responsibility
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….
The Corporation Documentary – Summary – Analysis
The documentary film titled The Corporation (2003) 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…
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…
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,…