Monday, January 27, 2020
The Personality Traits In Ethical Leadership Management Essay
The Personality Traits In Ethical Leadership Management Essay Ethical leadership is mostly about leadership integrity. This statement has triggered much controversy and is widely discussed. According to Ciulla (2004), Philosophers views ethical leadership, as how the ethical leaders should behave like. Leadership integrity of a leader is shown through the consistency of values, aims and behavior (Bloskie 1995). Leadership is defined by (Wiess 2003) as a shared process, although the values and behaviors of company founders and CEOs often frame and set the cultural tone for organization. One way to recognize a leaders value is through the vision and mission statement of a company. The personality traits in ethical leadership include integrity, trustworthiness, honesty and forthrightness or candor (Trevino et al. 2000). (Trevino Brown 2004) argues that statement as a myth and argued that the coverage of ethical leadership was too vague as it only concentrated solely on individuals character and qualities such as integrity, honesty and fairness. Recent research shows the qualities of a person contributes to the establishment of ethical leadership but it is not substantial to establish an effective ethical leadership (Trevino Brown 2004). Therefore, in this essay I will touch on the ethical concepts and theories, and the occurrence of leadership and the dimensions that is related to ethical leadership and it will thus bring about a better understanding of whether is ethical leadership is mostly about leadership integrity. With much ethical scandals evidently existing in most organization, it is comes to show that ethical dimensions is crucial to explain what is ethical leadership. What is Ethical leadership? Studies were conducted by Brown, Trevino Harrison to understand the qualities that is linked to ethical leadership. Base on the interview that they held during 2002, they defined ethical leadership as a display of normatively appropriate conduct through individual activity and interpersonal relationships, and the promotion of such conduct to followers through two way interaction, reinforcement and decision-making ( Brown et al., 2005). Figure 1: The matrix of moral person and moral manager dimension (Trevino, Hartman Brown 200) Unethical leadership style Hypocritical leadership Leaders who passes down influential ethical messages across to the followers(who are ethical manager) but who is recognized to be ethical themselves (they are not ethical persons) are referred to as hypocritical leaders as shown in figure 1. Hypocritical management are about ethical pretense. The problem is that by giving much emphasiz to reliability only heighten objectives of ethical problem. If a leader talks about integrity and ethical values all time but doesnt adhere by it, followers cant place trust in the leader because he fail to do what do say. Ethically silent leadership The last combination is call the legally quiet authority. It relates to leader does not belong to either strong ethical nor strong ethical zone. They may be ethical person but their stand is not clear. They dont provide obvious leadership in terms of ethics. It may be due to the leader has no awareness on how important is ethical leadership relates to organization ethical culture, or they simply just do not care about ethical issues. Ethical leadership style To establish a reputable ethical leadership successfully, it requires the executive to display the qualities of a moral person as well as a moral manager. It is essential for a leader to possess characteristics of integrity and also to be able to inculcate this quality into others in the organization. As a leader, they portray images of a role model to others in the organization, so if they set guidelines for employee to adhere by but leaders themselves dont adhere to it; employees develop negative feelings and feel the reluctance to adhere to the guideline. (Trevino et al. 2000) states that an executive must first be a moral or ethical person or else their followers will come to regard them as hypocrites when their true nature shows. This traits, behavior and decision making characteristics should be transparently evident, or else they may be misinterpreted, and the executive may not be viewed as a moral or ethical person. A leader who is neither a moral person nor a moral manager is an unethical leader. Even if you are a moral person, but it does not make you a moral manager, to be able to able strike a balance between both moral person and manager, you will need show your followers how well you support and promote companys ethics and values to your followers. This shows that in order to develop ethical leadership, the executive need to be both a moral person and manager, it works two way (Brooks Dunn 2009). (Trevino et al. 2000) discovered out that these can be achieved by having transparency in the system, role model qualities must be portrayed openly, there should be interaction on a daily basis and persuasively about ethical requirements, principals and value, using the compensation system to keep all workers responsible to ethical standard. Lets relate this to real life scenario, take for example, civil servants who is working for the government should uphold integrity in them, Public has the perceived image that all civil servants are role models to look up so if they were commit crimes that is against integrity, public will naturally see them as hypocrites and will lose faith in them as a role model. (Bandura 1986) states that if leaders do not adhere by what they stated in the guidelines, there is no reason why the followers should adhere to it. It is the virtue of a leader will religiously stick to their principles, keeps promises, admits their mistakes and adhere to through on their commitments (Bass Bass sounds 2008). Ethical leadership and ethical culture Leaders can affect cultures in many ways. They can change culture by sending down new values to the followers. What leaders do, say or any actions affects how followers think of the leaders. Clearly, employees are very responsive towards messages send in by leaders. But they personally do not know who the senior management of the organisation is; they can only make sense of it from what they hear. Therefore, leaders has to build a reputation for ethical leadership through transparency on the ethical issue and thus communicating a strong ethic message Outcomes of ethical relationship Ethical relationships is believed to be important because of the results it is believed to impact. Constant with a social learning theory, followers replicate ethical leaders behavior because such management are eye-catching and reliable models who model normatively appropriate behavior. In addition, ethical management conveys the value of ethical requirements and use performance management systems to hold workers responsible for their performance. Employees dont have to know about the benefits and punitive measures straight but according to public social learning concept, they can learn about them by monitoring others result. Social learning theory and ethical leadership Following Brown et al. (2005), we rely on social learning theory ( Bandura, 1997, 1986) to explain outcomes of ethical leadership. Social learning theory serves as a guidance to understand why individual characteristics of ethical leadership and how external cultural factors influences followers perceived image of leader as ethical leader. According to social learning theory, for leaders to be seen as ethical leaders by their followers, they first lead an example that proves that they are dependable and trustworthy leaders to their followers. According to (Bandura, 1977,1986) social learning theory describes that based on the way individual learn by looking out for and attempting to work towards the same attitudes, values and behavior of the dependable leader. This is supported by (Kohlberg, 1969; Trevino, 1986) that most individual look up to others for ethical advice or assistance. If you are the CEO, the perceived image as seen by the followers is seen as someone who has what it on the surface you will be seen as a person who has qualities and credibility basically what it takes to be in that position, therefore the it is the status and power of a person will boost the attractiveness thus resulting in followers interest to look out for ethical leaders behavior (Bandura, 1986). Leaders have the power and authority because their position held is of a higher post as compared to the followers. Not only the status draws attention to the followers, leaders who displays acts of care and concern and giving fair treatments plays a part in the attention for followers and gives positive motivations. Studies have shown that encouragement plays an essential part in modelling effectiveness because followers focus on those who controls essential resources and to rewards and punishments. Employees can learn about what is acceptable or undesirable by focusing on how other business members are honoured or disciplined and control their own answer as a result Critical view on ethical leadership styles There are three leadership theories that overlap the ethical leadership domain, Transformational, spiritual and authentic theories of leadership all address the moral potential of leadership in some way. Transformational leadership Burns (1978) recommended that transformational leadership as moral leadership because the leaders inspire their followers to look beyond self-interest and perform and work towards goals together. Kaungo Mendonca (1996) recommended that transformational authority engaged ethical influence process, while transactional leadership did not. But bass(1985) recommended that transformational control could be ethical or unethical based on their inspiration. Authetic leadership Authetic leadership are leaders who are deeply aware of how they think and behave and are perceived by others a being aware of their own and others value/moral perspective, knowledge, and strengths; aware of the context in which they operate; and are confident, hopeful, optimistic, resilient, and high on moral character (Avolio, luthans walumbwa 2004). Self-awareness, openness transparency and consistency made up of authentic leadership. And also being motivated by good end concepts and issues for others is essential to authentic authority. Authetic leadership are capable of evaluating uncertain ethical issues, watching them from several viewpoints, and aiming choices with their own ethical concepts. Like transformational leadership, authentic leadership seems to overlap with ethical leadership in terms of personal features. Spiritual leadership Spiritual leadership comprised of the concepts, behaviours and habits that are necessary to motivate ones self and others so that they have a sense of spiritual survival l through contacting and membership: (Fry, 2003, p.711) Spiritual leadership has also been described as occurring when a person in a authority place symbolizes spiritual concepts such as reliabililty, loyalty, and humblness, developing the self as an example of someone who can be reliable, depended upon and admire. Spiritual leadership is also confirmed through actions, whether in personal indicative exercise or in ethical, sympathetic, and well-mannered treatment of others, (reave 2005) Thus, ethical leadership is clearly related to, but unique from these leadership concepts. I have described ethical leadership and articulated how it overlaps with, yet is unique from other related theories of authority. Conclusion: In conclusion, I disagree with the statement that ethical leadership is mainly about leadership integrity. Integrity only plays a part in establishment of a reputation leadership it is not sufficient enough as it requires more than just strong personal qualities or virtue. Not only should you have leadership integrity, followers must be led from the leaders on how to be ethical, it is not just enough to be a ethical person who makes good choices, a reputation for ethical leadership requires leaders to continually communicate ethical values to the followers and make sure they abide by it. Failure to develop a reputation for leadership, it will mostly likely end up as ethically neutral. Therefore, we can say that communication from the leaders is very crucial, they need to be aware of their actions, what they say, and what they do is constantly viewed from their followers. As mentioned in the social learning theory, in nature followers look up to leaders because they have status and po wer, if a leader do not abide by the guidelines they set the trust from the followers will be gone which thus result in followers losing trust and faith in their leaders. You need to be both a moral manager and a moral person in order to achieve a reputable ethical leadership
Sunday, January 19, 2020
Bank and Fidelity
In the ever changing banking industry, First Fidelity Bancorp had grown to be one of the largest holding companies of eight financial institutions and over 500 branches. Their growth has been through the acquisitions of other smaller institutions and internal growth generated by strong relationships with customers. This growth has come at a cost and First Fidelity has been left with a complicated mix of systems, operations, and organizational culture. First Fidelity allowed the eight financial institutions to operate totally independent of each other and the corporate office solely managed the integration of the financial reporting responsibilities. The non-integration of systems and operations has also left First Fidelity with higher costs and the need to make changes which will allow them to be competitive in the future. By the early 1990ââ¬â¢s First Fidelity had begun to integrate some of the operational functions, but had yet to connect them further. Due to changes in banking regulation, the US government had begun cracking down on new rules on financial reporting, asset quality, and capital requirements for the banks. The government wanted better controls from upper management and the only way First Fidelity could accomplish this was to integrate systems, management, and combine all eight financial institutions into a more consolidated with less autonomous feel. Management made this their highest priority and put a strict deadline of 18 months on this task. This deadline put two major decisions directly ahead of First Fidelity, organizational structure and method of achieving the full integration. In order to evaluate the full impact of their decision on organizational structure changes, First Fidelity looked at the following criteria: â⬠¢ Cost Effectiveness â⬠¢ Responsiveness to Business Needs â⬠¢ Responsiveness to Individual Needs â⬠¢ Ability to Standardize Products and Service Offerings â⬠¢ Ability to Support Outsourcing Options â⬠¢ Ability to Support Acquisitions â⬠¢ Service/Quality Orientation/Incentives While these criteria would decide what organizational structure First Fidelity would have, they also had to decide how the rationalization and consolidation plan should be conducted, internally, through the use of consultants, or through outsourcing. First Fidelity saw outsourcing as the most viable solution to their problem and felt it would best serve the company by achieving the goals in the desired time frame. First Fidelity has recognized several potential outsourcing vendors and determined the advantages and disadvantages of each vendor. Their decision now must be to select the proper vendor who will provide them not only with the services needed to move them through the rationalization and consolidation process, but one which will provide quality services and cost savings to First Fidelity for years to come. Changes to Organizational Elements The major change First Fidelity will be forced to deal with is the change to their organizational structure and hierarchical relationships within the firm. Prior to the rationalization plan, First Fidelity operated as eight separate financial institutions. Decisions were made independent from each other and there was no single person to oversee all operations from the holding company point of view. When Don Parcells was put in charge of all operations, and improvements were needed immediately, he put a plan in place to consolidate functions and make First Fidelity a more cost efficient organization. In order for this to become a success, First Fidelity was going to first have to restructure their separate cultures into a single unified culture. Parcells was planning on consolidating the separate operations and systems which the eight banks used. To make this a success, all parties need to be thinking in the same direction and accepting of the upcoming changes. Parcells task of unifying First Fidelity under these same systems would not be a success if the current management did not understand the reasoning behind the changes and understand the ââ¬Å"big pictureâ⬠of increased profits and long-term sustainability of First Fidelity. Current management would also be forced to deal with changes in management structure. This will give the First Fidelity corporate office more control over the eight banks and ensure the banks operate in a consolidated manner once the initial changes are implemented. Systems Integration The importance of systems integration goes well beyond the cost efficiencies First Fidelity hopes to experience. The system changes will put one face on the eight financial institutions and will provide them with the ability to accomplish many of the goals mentioned before under the criteria for organizational structure changes. First Fidelity should also take this opportunity to take advantage of the best practices which can be found through their analysis of their own internal operations and systems, external competitors, and the potential third parties they are analyzing for outsourcing opportunities. As the 25th largest bank holding company, First Fidelity has the potential to take advantage of improvements in technology. By decreasing their transaction costs through technology, First Fidelityââ¬â¢s high volume will allow them to take advantage of economies of scale. An integration of systems will also make First Fidelity a much more attractive candidate for merger activity. They will either be able to expand and make new acquisitions integrate more smoothly into the First Fidelity family, or make themselves more attractive as an acquisition target. Outsourcing at First Fidelity First Fidelity is in a very difficult situation. The short time period in which First Fidelity has to turn around its operations and systems does not ffer First Fidelity many options. They are seeking a simple solution to a problem which should have been addressed a decade earlier when they had begun merging the banks under one holding company. When considering the use of outsourcing, businesses should not rush this decision and should analyze what functions and how important these functions are to the business. As a general rule, core functions should not be outsourced to third party vendors. Only non-core functions should be considered, and only when significant cost savings will be made and the vendor offers a long-term, high quality service which will not have a negative impact on the customers of the outsourcing firm. First Fidelity needs to consider whether their systems and operations are part of their non-core functions and will truly add value through cost savings. Long Term Implications of First Fidelity Decision First Fidelityââ¬â¢s decision to outsource will have long term implications on the future of their banking operations. When First Fidelity began investigating the decision to outsource in 1990, one important variable would be the future of banking and which technologies would be the future of bank operations. The upcoming jump in the use of technology in banking will have a major impact on the systems necessary to be successful in banking. This offers even greater risk for outsourcing, since First Fidelity will be giving up much of their control of their technology. The Decision and Future of First Fidelity. First Fidelity did decide to use EDS as the company which will handle their software systems and data center operations. The contract was valued at $450 million over ten years and was considered the largest outsourcing contract for financial institutions at that point in time. In 1996, First Fidelity merged with First Union, in what was then considered one of the largest mergers in the banking industry, and made First Union an imposing force in banking along the east coast of the United States. One of the major factors for the merger was to add additional economies of scale to First Unionââ¬â¢s operations and to decrease the high costs of technology which banks were experiencing. First Fidelityââ¬â¢s decision to integrate their systems in 1990 came at an integral point in time for the bank holding company. It provided them with cost savings and made them a strong acquisition target by un-complicating their systems and making their operations more efficient.
Saturday, January 11, 2020
Business Buying Center Essay
A.Describe the different roles in a business buying center. Then identify each member of the buying group in a medium-sized company that purchases components and assembles small household appliances. A business buying center is described as all persons involved in any aspect of a companyââ¬â¢s buying activity (source: page 186, Contemporary Marketing). A business buying center is also known as a decision making unit or DMU and can be further defined as a group of employees, family members, or members of any type of organization responsible for finalizing major decisions, usually involving a purchase (source: Financial Times Lexicon: http://lexicon.ft.com/decision-making-unit). In a business setting, major purchases typically require input from various parts of the organization, including finance, accounting, purchasing, information technology management, and senior management. Highly technical purchases, such as information systems or production equipment, also require the expertise of technical specialists. In some cases the buying center is an informal ad hoc group, but in other cases, it is a formally sanctioned group with specific mandates, criteria, and procedures. The employees that constitute the buying center will vary depending on the item being purchased. There are typically five roles within any buying center. For purposes of this assignment, a buying center for a medium-sized company that purchases components and assembles small household appliances could be described as follows: 1.Influencers who try to affect the outcome decision with their opinions. An Influencer would also set specific buying specifications for the company. This group would guide evaluation as well. 2.Deciders who have the final decision. The Deciders also choose the good or service. They may need to involve another person with more formal authority 3.Buyers who are responsible for the contract. Buyers also secure the good or service. 4.Users of the item being purchased. Users are the people who will actually ââ¬Å"useâ⬠the good or service. 5.Gatekeepers who control the flow of information that all buying center members will review. (Sources: http://books.google.com/books?id=wAMsaLJoykYC&pg=PA130&lpg=PA130 and source: page 186 and 187, Contemporary Marketing)
Thursday, January 2, 2020
The Documentary Hypothesis Of The Bible - 1026 Words
The Documentary Hypothesis Throughout the decades the traditional belief of the author of the first five books in the Hebrew Bible is believed to be Moses. The Pentateuch is the first division of the Hebrew Bible which consists of Genesis, Exodus, Leviticus, Numbers, and Deuteronomy. Contrary to traditional belief, it is thought that the Pentateuch is a conglomeration of early written documents. The Documentary Hypothesis explains the issues of how and why the Pentateuch was written. The Documentary Hypothesis presents four source documents the Yahwist document, the Elohist document, the Deuteronomist document, and the Priestly document as the basis of the first five books in the Hebrew Bible that would later form the Pentateuch as the world knows it today. The oldest document is the Yahwist document or J document. The J document is believed to be written in 1,000 BCE. During this time the J document was in the midst of the rising monarchy. The author of J demonstrates several themes throughout their writing. For example, there is a theme of brothers in conflict with each other, wives who cannot conceive children, a cycle of sin and punishment, and psychological insight to the people in the document. The writing style of the Yahwist document is narrative. The author arranges the document as if he or she is telling a story. Another consistent theme the J author uses is the term Yahweh for God. Using Yahweh to describe God allows the reader of the document to believe GodShow MoreRelatedEssay on The Documentary Hypothesis: Past and Present1333 Words à |à 6 PagesThe subject of this paper has at least five names. Documentary Hypothesis and JEDP Theory are the most common. In this paper, this scholarly position will always be referred to as Documentary Hypothesis with a few exceptions. Documentary Hypothesis, or JEDP Theory, is the view held by various scholars that the five books of the Pentateuch were really written by four different authors, and not Moses. This theory claims that afterwards various editors (called Redactors) blended the five books togetherRead MoreAnalysis Of The Book Supporters Of The Documentary Hypothesis 1349 Words à |à 6 PagesSupporters of the Documentary Hypothesis draw on quite a few sources as evidence. Firstly, they argue that the use of divine names. The Elohist document refers to God as ââ¬Å"Elohimâ⬠, while Jahwist refers to God as ââ¬Å"Jehovahâ⬠. It is argued that this inconsistency signals that Genesis 1 and 2 were written at two different times by two different groups of people. The next argument is the proposed continuous narration in the J document and E document. The fact that these documents can stand alone as theirRead MoreThe Documentary Hypothesis : A Composite Of Four Separate, Complete, And Coherent Docu ments1278 Words à |à 6 PagesThe documentary hypothesis is a composite of four separate, complete, and coherent documents in the Torah. These four documents are the Yahwist, the Elohist, the Priestly, and the book of Deuteronomy. The documentary hypothesis was developed in the 18th and 19th century in hopes of being able to bring together some inconsistencies within biblical text. Each document deals with the same incidents and characters, but with different messages. The Yahwist source is said to be the oldest source out ofRead MoreEssay about Religion 111 Study Questions Week 1979 Words à |à 4 Pagescreation of animals and humans. Q2. What are the similarities and differences between the biblical and the Babylonian presentations of cosmic beginnings? The similarities between biblical and Babylonian beginnings are that there is a God of the bible and a god of the Enuma Elish known as Marduk. Both of these gods in each of their stories is the creator of the earth and everything that is known today. One of the differences is that below Marduk there were several other gods ruling over the watersRead MoreThe Hebrew Bible1371 Words à |à 6 PagesIn the course of human history, few books have fascinated scholars to the extent of the Hebrew Bible. This is not to say that biblical scholarship has been static. Instead, it has evolved over the course of many centuries of scrutiny, both of preceding scholarship and the Bible itself. Scholarship relating to the Hebrew Bible, then, is often grouped into two categories: the work of the ancient interpreters and that of modern scholarship. Operating from two very different sets of assumptions, thereRead MoreThe Origin Of The Torah1614 Words à |à 7 Pagescontemporary scholar to date, that deb ates the highly contested issue of the Documentary Hypothesis. This theory relates to the origins of the Torah, also known as the Pentateuch, meaning ââ¬Ëinstructionââ¬â¢, and is part of the Hebrew Bible, including the following five books: Genesis, Exodus, Leviticus, Numbers and Deuteronomy. The Documentary Hypothesis questions the authority of the author and source of the Torah. The Documentary Hypothesis is also known as the Julius Wellhausen proposition. This theory essentiallyRead MoreThe Bible Is No Different1898 Words à |à 8 PagesWonders of the world often collaborate to create timeless pieces of art; the Bible is no different. The Documentary Hypothesis proposes this same ideology of the Bible. Past scholars have devoted countless years determining the origin or sacred text. This particular source critique aims to understand the theory of multiple authors and publications to comprise the Pentateuch, Torah, or Old Testament. In Recent Scholarship on the Pentateuch, some scholars struggle with the methodological questionRead MoreStudy Questions Essay2492 Words à |à 10 Pagesscholars to arrive at the Documentary Hypothesis? How does the Documentary Hypothesis explain this data? The argument over the material that is comprised of the first five books of the Bible and that Moses was the author is speculated to be hypothetical. The data that led scholars to arrive at the Documentary Hypothesis points out that there is no evidentiary support or documentation to back up the information claimed in the first five books. The Documentary Hypothesis includes repetition, showsRead MoreThe Origin Of Mankind s Creation And History Of The World1955 Words à |à 8 Pagesinitial five books of the Bible referred to as the Pentateuch provides a description of the beginning of God s people. The five books are Genesis, Exodus, Leviticus, Numbers and Deuteronomy. According to G.I Davies (1996), Pentateuch relates to the work comprising five scrolls from Greek pente and teukhos , which can mean scroll. It has been used since the period of the early Christians as the first five books of the Old Testament. The first five books of the Bible focus on the creation andRead More authors who wrote first five books of the Bible Essay1759 Words à |à 8 Pages Documentary hypothesis says that there were several authors who wrote first five books of the Bible. In my essay I will try to discuss J, P, and E - authors of Genesis, Exodus and Numbers. I must admit that all these authors had lived after the division of the kingdom. AUTHOR J This author was identified as J for using word Yahweh or Jehovah for the name of God. Also there is an interesting theory that author J was a woman. Of course, there are statements that prove it. First of all I want pay
Wednesday, December 25, 2019
Marketing Analysis Cutting Edge Marketing - 924 Words
Cutting Edge Marketing The goal of this paper is to show how a consumer makes decisions to purchase products, how they may be vulnerable with their decision making and how ethics of marketing to the vulnerable be considered in allowing advertisement. This will also clearly reflect the issues in marketing the persistence in our society today and that is seen in the data showing social and economic inequality, stereotyping being perpetuated in the media and incident in profiling. Yes, the consumer does have the desire to buy the lowest price product ever create any ethical dilemmas for a consumer. Furthermore, if the consumer worries about the ethical dilemmas. For example, Walmart has lost of customer because they have a bad reputation of treating their employees poorly. Especially companies that has taken their businesses to abroad. These get products that are made by people who are fairly paid and treated. There are people that will only buy locally grown fruits and vegetables to send messages to companies that do not pay a living wage. The biggest effect on companies that are unethical is the power of the buyer and the media. It is a huge issue to a portion of the community. Now there are people that do not care because it does not create for them an ethical dilemma. But the concern is growing and the media really likes to use it to create a story (Lowest price product ever creates any ethical dilemmas for a consumer? 2011, para. 4). But to have the desire for aShow MoreRelatedTerminal 5 ( Ht5 ) Child Care1508 Words à |à 7 Pagesare necessary due to the learning development service offered solely to staff children and the transient nature of passengers children, hence isolating the dynamics at play, transient kids and permanent kids. Situation Analysis HT5 CC is a start up business. A detailed marketing effort and plan would be crucial in generating sales and aiding visibility. 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Tuesday, December 17, 2019
Ethical And Environmental Issues Of International Marketing
Place: As understanding the long term objective we are going to set up plant in Dubai. So we will be able to introduce our own outlet. But if finance and political environment is not well then we can go for some franchising. This distribution channel will cost us less and provide us with a lot of profit. We will introduce our outlets in Abu Dahbi, SharJah, Al Ain, Fujairah, Al Khaimah. We will introduce our at least 30 outlets in those cities . Other companies have their outlet here. . (AC 3.4) Ethical and environmental issues in international marketing within Dubai: The following issues are the ethical and environmental issue of international marketing ion Dubai: Product related: The Hilfiger have to consider the production process in terms of pollution, Hilfiger need to consider the recycling and waste management product honesty another factor to be considered whether we are Hilfiger provide the product as per the advertisement. (Doole and Lowe, 1997) Price related: Price related ethical issue includes Price fixing decision, Price collusion related decisions etc. (Doole and Lowe, 1997) Promotion related: Promotion related ethical issue include the advertisement whether it is misleading or not. Process related: Process related ethical and environmental issue include the moral obligation of the multinational companies, employment related issues. If the company employee only the people of native country or discrimination of payment then it is aShow MoreRelatedEnvironmental Factors1151 Words à |à 5 PagesEnvironmental factors can play a major part in a companys marketing plan. Environmental factors can include social, ecological, political, cultural, technological, and ethical issues. PepsiCo can face all these issues because they are a global company. Many of these issues can affect PepsiCos marketing plan even in different areas of the United States. 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Monday, December 9, 2019
Business Writing SPG
Question: Discuss about the Business Writingfor SPG. Answer: Introduction Improving business sustainability is a core objective which many companies try to achieve (Amber, 2016). Attaining this objective is not always easy because proper strategies must be used. To improve the sustainable practices of a company, the management must identify what is to be achieved, the appropriate strategies of achieving it, and the various people or departments that must work together to achieve it. Although Sunselect property group (SPG) has established a successful product in Sydney, it cannot meet its goals without reputation. The management must struggle to build sustainability to ensure its reputation is established in the market. To succeed in its Greenfields development project, the company must make sure proper strategies of attaining sustainability are used, and the purpose of the project is communicated to all employees. The major advantage associated with sustainable building is cost saving and environmental conservation (Christophe, 2010). The various areas which this company can consider to improve its sustainability include; energy efficiency, water consumption and management, and waste management. Energy Efficiency Minimizing the amount of energy that companies waste is among the top strategies for improving companys image (Rusmin, 2012). The commitment to energy efficiency goes a long way with the current eco-conscious economy. Ensuring a company is energy efficient assist in attracting the right customers, suppliers and other stakeholders. Eliminating energy wastage can also play a role in providing financial resources that can lead to a sustainable income growth in this company. This company should aim at doing the same tasks while using less energy. This may mean minimizing the amount of energy needed to perform an activity like lighting, heating cooling and so on. Establishing energy efficiency in this company will require commitment at levels of management. Financial analysists have identified a core relationship between energy efficiency management and healthy stock and financial performance (Rusmin, 2012). Although achieving this efficiency may depend on several factors like the available resources, the companys perceptions towards risks and opportunities, and other factors, the step of attaining energy saving is rewarding. SPG can attain energy efficiency through various strategies. Some of these strategies include the use of renewable sources of energy like solar and wind. Although the initial cost of installing solar panel wind turbines may be higher, the cost of paying electricity bills from time to time is much higher The company can also consider using energy saving machines and making use of daylight. The management should ensure it uses devices that have been certified to be energy saving and also switch off the bulbs during the day (Joyce, 2015). The management should also make sure the offices are well ventilated to minimize excessive use of cooling fans and other air regulating gadgets. Water Consumption andManagement Water is a fundamental resource for every company (Carlos, 2014). In the society where the demand for water is likely to exceed the supply, most of the companies are struggling to find the water that can sustain their business operations. This means for the companies that are lucky to have enough of it, must ensure it is conserved to avoid future problems. This company must ensure it aims at proper water consumption and management through establishing various strategies like installing meters on every production section. This will assist in finding out which section uses a lot of water and what can be done to minimize the usage. SPG can reduce its water consumption through various strategies. Some of these strategies include recycling, increasing internal reuse and modifying or replacing the existing equipment with water saving facilities to reduce the overall water consumption. Optimization of water in this company may be substantial because it will assist in reducing water withdrawals from the local water sources hence improving the resource availability and community relations (Petulia, 2016). It can also assist in minimizing the productivity per water input, wastewater discharge and its pollutant load, thermal energy consumption and potentially its processing cost. The company can also establish proper water management through educating its employees on how to optimize usage. This can include educating them about water scarcity issues and the effects of water conservation practices (Rusmin, 2012). Involving the employees in a problem-solving process to minimize usage can also assist them to understand the importance of using less to do more in the company. It can also attain its water management goals through setting up water conservation programs. WasteManagement Waste management involves all activities and actions needed to manage waste from its origin to its final disposal (Charmi, 2012). This includes various activities like collection, treatment, transportation, and its disposal together with monitoring and regulation. Proper management of waste in this organization can be one of the strategies that management can use to build reputation. Customers like associating themselves with companies that show environmental responsibility. This company can attract and improve customer loyalty through demonstrating its environmental responsibility through proper waste management. There are various ways that the company can use to manage its waste. Some of these ways include reducing the amount of waste generated during production (Rusmin, 2012). To achieve this, the company can focus on improving its efficiency through coming up with technology and practices that minimize the amount of waste released. Another strategy can be recycling. The company can attain waste management through processing products or components into changed form for a different application (Marianne, 2013). Recycling is the alternative to conventional waste disposal and assists in saving materials and minimizing greenhouse gas emissions. Other strategies of waste management that SPG can use are, reusing, recovering, and remanufacturing. Conclusion SPG can realize better performance through improving its business sustainability. Its management should ensure it comes with proper strategies of improving its energy efficiency, water conservation, and waste management. Through attaining sustainability, it will be able to improve its cost saving, conserve the environment, and achieve a reputation. To succeed in its Greenfield development project, the CEO must ensure all levels of management plays a role. The CEO must also ensure employees must be taught the importance of the project, the various strategies to be used and the role they are expected to play to make the project successful References Amber, L. V. 2016. Sustainability: A Cross-Industry Study*,.Journal of Applied Management and Entrepreneurship. 21(4), 78-90. Carlos. O. 2014. Corporate Water Strategies. Australian Journal of Environmental Education, 30(2), 567-600. Charmi. S. 2012. Biomedical Waste Management: A Move towards Green Environment. Asia Pacific Journal of Management Entrepreneurship Research, 1(3), 37-56. Christophe, G. S. 2010. Integrating Sustainability Measures into Strategic Performance Measurement Systems: An Empirical Study. Management Accounting Quarterly, 11(3), 456-510. Joyce, S. J. 2015. Integrating Sustainability into Sme Strategy. Journal of Small Business Strategy, 25(2), 200-220. Marianne. J. 2013. Sustainability and Integrated Reporting: Opportunities and Strategies for Small and Midsize Companies. Entrepreneurial Executive, 18(1), 45-67. Petulia. B. 2016. Management Behavior toward the Integration of Sustainability. SAM Advanced Management Journal, 81(3), 234-240. Rusmin, f. G. 2012. Legitimising Corporate Sustainability Reporting throughout the World. Australasian Accounting Business Finance Journal, 6(2), 23-56.
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