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Wednesday, November 27, 2013 | 4:11 PM | 0 Talker(s)
Assalamualaikum to everyone.This week, there is no face-to-face lecture and tutorial. We were asked to read Chapter 9: Ethics, Corporate Social Responsibility, Environmental Sustainability, and Strategy by ourselves. This chapter basically emphasises on business ethical codes that need to be implemented in an organisation. There are basically three schools of thought about ethical standards for companies which is ethical univeralism, ethical relativism and integrated social contracts theory. Without the business ethics, it will result in three types of business cost failures; 1) visible cost, 2) internal administrative cost and 3) intangible cost. Apart from that, the term corporate social responsibility concerns a company's duty to operate in an honourable manner, provide good working conditions for employees, encourage workforce diversity, be a good steward of the environment, and support philanthropic endeavors in local communities where it operates and in society at large. On the other hand, for the tutorial lesson, we were required to answer an online forum. The question is, " Discuss how a corporate culture can assist in executing strategies in an organization. if you are one of the top managers, what kind od values that you would like to inculcate in your organization?" My answer is:
Corporate culture is defined as the ways a company’s owner
and employees think, feel and act. It is basically how a company will behave
and perform its task based on its mission and vision to be accomplished.
Corporate culture can assist in executing strategies in an organization by
pointing out what is supposed to be done what is not supposed to be done in an organization.
If employees know the ethical standard that they need to meet in an organization,
it is easier for a company to implement a strategy without having any corporate
scandals. Apart from that, corporate culture can assist in building good
relationship between employer and employees and good communication will exist
between the two parties. This will make meetings and discussion in the company more
meaningful.
If I were to be one of the top managers, I would like to
inculcate trustworthiness and responsibility in a company. Trustworthiness is
important in a company as it will build good relationship. When there’s a good relationship,
communication becomes easier and objectives can be achieved. Apart from that, responsibility
is equally important in an organization as when both employer and employees
know the job scope and responsibility, they will perform the task properly and
follow the ethical codes in the organization. Therefore it is very important
for a company to have ethical work standards and codes for the employee to
implement.
That's all for this week. I hope this post is beneficial to everyone reading it. :)
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