Modern Business Environment Assignment Essay

Business Management Assignment

Question 1

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In the modern concern environment, moralss every bit good as values play an built-in function in concern sustainability. Ethical motives may be defined as the written or unwritten moral rules that govern a person’s or persons actions within an administration while values, in a concern sense, may be seen as certain criterions or rules considered valuable or of import in life, such as attitudes towards subjects like truth, justness and honestness ( Nieuwenhuizen & A ; Oosthuizen 2014, p. 95 ) .

Ethical motives and values have become a overriding necessity to successful modern-day concern outfits. In recent year’s people, policy shapers, and concerns themselves have been focused on fabrication merchandises and utilizing services that are of a positive ethical nature ( Nieuwenhuizen & A ; Oosthuizen 2014, p. 92 ) . Further cogent evidence of an increased attending to ethical patterns may be seen in the growing in demand for ethical investing merchandises, organic green goods and just trade ( Nieuwenhuizen & A ; Oosthuizen 2014, p. 92 ) . Due to this elevated consciousness of ethical patterns in concern, administrations should guarantee that application of favorable moralss and values are ever upheld, else assorted effects which threaten the nutriment of the concern may originate as an administration which is perceived as being unethical to the public-eye will act upon the administration in a negative mode.

Once cognition of unethical behavior has been made public, credibleness of the concern may come under examination as clients and consumers of the administrations merchandises and/or services may take to boycott the concern entity. This will in bend diminish the image, trade name and repute of the concern and consequence in a deficiency of gross revenues in merchandises and services therefore ensuing in an inability to do net income. Once the repute of a concern has been damaged it is frequently hard to reconstruct a good name for the administration. Furthermore, due to its tarnished repute, the concern may happen it difficult to maintain clasp of its most valuable employees every bit good as enrolling new 1s due to the fact that no 1 would wish to work for a company with a hapless repute. Investors every bit good as providers will besides be given to overlook any association with concerns that have a hapless image as it may be damaging to their ain images and reputes. As a consequence, the procedure of prolonging the concern entity will go more ambitious.

A deficiency of moralss and values in an administration may besides take to unfavorable employee public presentation. In many instances employees tend to go greedy and about obsessed with fiscal addition to such an extent that criterion concern process and protocols are non followed in the correct mode which so consequences in extra work completion to rectify mistakes. As a consequence of employees unethically working merely for personal addition, public presentation of the administration and its ability to fulfill clients will worsen in concurrence with the ability to prolong the concern. On the other manus the ethical employees may experience that their attack to “life in the workplace” is non every bit good as those unethical employees and this may do a deficiency of motive and therefore a lessening in productiveness from the ethical employee.

Internal employee relationship is another factor that may be harmed by hapless ethical behavior and a hapless set of personal values. Whistle blowing whereby an employee or individual in association with a concern entity studies and/or raises concern about illegal activity and other unethical behavior to those in authorization is an illustration of an ethical issue that affects employee relationships ( Nieuwenhuizen & A ; Oosthuizen 2014, p. 97 ) . By making so other employees frequently tend to handle the whistle blower otherwise, normally in a more negative mode and this puts the whistle blower in a hard state of affairs. The whistle blower frequently becomes an castaway in the workplace and is seen as a treasonist by the administration ( Nieuwenhuizen & A ; Oosthuizen 2014, p. 98 ) . Sexual torment where a member and/or members from the work force make unwanted sexual progresss to other member/members of the work force, every bit good as, plagiarism where person else’s thoughts are used without appropriate recognition are illustrations of other modern ethical issues ( Nieuwenhuizen & A ; Oosthuizen 2014, p. 99 ) . Unethical behavior in general may besides do tenseness between the employees of the company. Leaderships such as directors in an administration should ever put an illustration of positive ethical pattern. Leaderships who do non put such an illustration may happen that employees of the company besides behave unethically and as a consequence there is a sense of misgiving and disunity amongst employees which is damaging to the company’s productiveness and therefore the concerns ability to prolong itself.

A more recent illustration of an ethically ambitious state of affairs may be seen with the administration Enron. This American concern had grown to be one of the largest administrations within the USA, using 21000 staff in more than 40 states ( BBC, 2002 ) . However due to hapless and unethical direction within the concern entity, the administration was forced into bankruptcy in the twelvemonth 2001. Directors and Leaderships within the company had become covetous and wanted to populate beyond their demands ( Nieuwenhuizen & A ; Oosthuizen 2014, p. 92 ) and as a consequence lied about net income and concealed debts so that they would non demo on the companies histories ( BBC, 2002 ) . In add-on to the unethical behavior of leaders within the concern, direction had sold their portions for tremendous sums of capital and advised employees to put their pension in portions of the concern entity. When the company had finally filed for bankruptcy 1000s of employees had lost their occupations and received merely a measly sum of financess from their portion investings ( Nieuwenhuizen & A ; Oosthuizen 2014, p. 92 ) .

Today Enron provides a perfect illustration of how unethical patterns and deficiency of values can act upon the sustainability of a concern in a negative mode. The Networking administration, Cisco on the other manus is a company which pride themselves on their positive ethical behavior. Over the past five back-to-back old ages Cisco has been recognised as one of the World’s most ethical companies ( Nieuwenhuizen & A ; Oosthuizen 2014, p. 92 ) . As a consequence Cisco is a good known trade name with an impressive repute in its field expertness. This company has the luxury of holding strong client and consumer relationships every bit good as employees who are motivated to work for the company and hence Cisco is an administration with a strong ability to prolong itself within the modern age of concern.

Sing both of the state of affairss within the administrations Enron and Cisco, it moreover becomes obvious that Ethical motives and values play an tremendous function in footings of concern sustainability. Unethical patterns every bit good as hapless sets of values may take to the hapless repute or eventual settlement of the company while positive ethical behavior and a good set of moral values may better the image, repute and trade name of the corporation.

As a consequence modern companies have used a figure of techniques in an effort to extinguish unethical behavior. Most modern concern outfits tend to utilize a Code of Conduct which acts as a guideline for how employees should act within the administration ( Nieuwenhuizen & A ; Oosthuizen 2014, p. 96 ) . Multiple states besides use the jurisprudence to guarantee ethical pattern within concerns. Corporations which fail to follow the ethical processs set out by the authorities may happen themselves having a all right or paying other punishments detrimental to the concerns.

Question 2

Leadership or the ability to steer and actuate groups of people in order to accomplish common ends ( Nieuwenhuizen & A ; Oosthuizen 2014, p. 232 ) is overriding to the success of any concern entity. On a day-to-day footing leaders will frequently strategise and organize the activities in the workplace in order to accomplish multiple organizational aims. The people who provide leading within the concern entity can hence be seen as the nexus between employees and the aims of the administration.

In order for an administration to be successful, the concern entity should run into its ends and aims. For the administration to run into these aims employees are needed to execute the work. As a consequence employees frequently need counsels on how to travel approximately in making their occupations. It is here where leaders and leading accomplishment play an built-in portion. A leader will frequently oversee and provide his/her employee’s with way and thoughts on how to undertake jobs. In making so non merely is the leader lending to the success of the concern in the present but besides developing the employees so that they become valuable members of the corporation and contribute to the future success of the concern outfit.

Another of import facet in concern success, of which leading is involved, is motive. Motivation may be described as any inducement which causes employees to work towards the aim at manus ( Nieuwenhuizen & A ; Oosthuizen 2014, p. 251 ) . Leaderships have the duty of guaranting that subsidiaries are good motivated and complete their tasks/jobs in an efficient mode. Just like in Maslow’s hierarchy of demands, different people have different degrees of demands. As a consequence concerns have multiple inducements that motivate employees to maximize their public presentation, such as, publicity, fillips, salary additions etc. In some instances employees may even be motivated to work for their leaders due to abundance in personal appeal and other exceeding leading traits such as adept communicating accomplishments and a strong emotional intelligence to manage the force per unit areas of the “work place” . These director leaders act as an inspiration for subsidiaries and hence acquire the optimal public presentation from the employees of the company to guarantee favorable concern public presentation and successful concern ventures.

A motivational leader in concurrence with an enthusiastic work force may besides be good to the success of the administration due to the fact that employees who are willing to work for their companies and its leaders frequently contribute to the administration much more than the employees who aren’t. As a consequence leaders who let employees show themselves in the work environment frequently have a greater inflow of thoughts and this give the administration the advantage of being more advanced and originative than rivals therefore bettering the concern and its opportunities of success.

Communication is a cardinal leading accomplishment which immensely contributes to the success of administrations worldwide. Business entities with an exceeding communications agreement or set-up are able to invariably interchange valuable information between the different sections of the administration. The latest tendencies in footings of demands and wants, information about assorted rivals and other types of of import information are illustrations of informations which leaders can effortlessly go through on to employees through the usage of different communicating mediums. A leader with consummate communicating accomplishments will besides be able to comfortably go through on his/her vision to employees so that the subsidiaries clearly understand the way that the concern and leader want to take every bit good as the employees single function within the concern entity. Efficient communicating besides positively contributes towards favorable productiveness degrees and besides restricts confusion and misunderstanding in the on the job environment. Modern communicating mediums include face-to-face conversations, phone calls, facsimiles, electronic mail and videos etc. ( Nieuwenhuizen & A ; Oosthuizen 2014, p. 252 ) .

A strong leader is able to lend to the success of an administration by right pull offing struggle within the concern outfit. Conflict is frequently recognised as natural behavior within the work environment. There are two types of struggle which may originate in the work topographic point. Functional struggle where the dissension supports the organizational aims and dysfunctional struggle where employees are disrupted and prevented from accomplishing organizational aims. Functional struggle therefore may be good to the administration as it may ensue in a wider scope of originative sentiments and better determination devising within the group of employees. On the other manus dysfunctional struggle frequently causes disunity and unrest amongst employees therefore diminishing their public presentation and ability to make organizational ends. It is hence the occupation of the leader to guarantee that struggle within the work force is managed right and is good to the concern entity.

A modern illustration of an complete leader is Sir Richard Branson. Richard Branson is the laminitis of the Virgin Group administration dwelling of more than 400 companies worldwide ( LiveYourLegend, 2012 ) . Bing dyslexic, Branson ever found school academically ambitious and found it hard to maintain up with his equals. However, in the twelvemonth 1972, at the stamp age of 16 Branson started to demo his extraordinary leading art and had started his Virgin trade name by opening a concatenation of record shops ( Entrepreneur, 2013 ) . Today Branson is one of the wealthiest people in the universe and he may be recognised as a gifted Transformational leader due to his vision based on alteration, originative mentality and uninterrupted engagement in entrepreneurial activity. Richard Branson is besides considered to be gifted leader due to his ability in taking deliberate hazards. As a immature concern proprietor Branson was frequently charged with revenue enhancement abnormalities and even had to set his mother’s house up as collateral ( Moneycation, 2013 ) . Branson besides steadfastly believes in the usage of functional struggle due to that fact that he employs an “open door” policy where his employees should experience free to give their input and sentiments on the affairs at manus ( Moneycation, 2013 ) .

Another illustration of a