Essay Example | Topics and Well Written Essays - 1500 words - 21

Essay Example It might not help in generating additional revenues in the short-run. But, it can enhance employee productivity in the long-run through maintaining a healthy relation with them and becoming responsible for their personal well-being. Again, through maintaining a good customer relation, the company can create a positive image in the society that will definitely help it in winning customer loyalty. Moreover, a good image can help a company in preventing implementations of government regulations on its activities that are sometimes known to be a consequence of popular public demands. This paper however, concentrates upon corporate social responsibilities, i.e., a corporate house’s concern towards environmental sustainability and climate changes and the strategies that a corporate should adopt to protect them (Social Responsibility and Organizational Ethics, 2001). Environmental sustainability implies the measures that an organisation can take for the purpose of environmental protection and thus social welfare. It becomes a very important aspect of corporate responsibility since the well-being of the entire population as well as the future generation depends on it. Some important terminology being used in this paper while discussing the strategies that a company should ideally undertake for environmental protection and making room for climate changes are – Natural Resources – these are resources that are found in nature and are not necessary to be created artificially. Natural Resources can be of two types – exhaustible and inexhaustible. The former ones are those that cannot be restored once they are spent and hence need to be used with much care and concern. On the other hand, inexhaustible resources are those that could be restored and thus do not have a diminishing stock. So, it becomes an important corporate responsibility to protect these exhaustible natural resources and make as little use as possible of them, since everything in our nature

Future management Essay Example | Topics and Well Written Essays - 3000 words

Future management - Essay Example The sole intention of a business is to satisfy the needs of the customers and generate profit for itself. However, one can question the apparent theoretical simplicity of the process. The answer is obvious ‘no’ in terms of simplicity because the simple process of providing goods and services to the customers for generating revenue passes through various complex stages to achieve the goals and fulfil its objectives. There are several business risks, but simultaneously, there are opportunities as well. Hence, to mitigate the risks and capitalize on the opportunities, a company need to have predefined strategies or plans (Gibson and Barsade, 2003). The notion of strategy has been borrowed from the military and adapted for the use in business. In business, as in the military activities, a strategy bridges the gap between objectives of the company and tactics. Hence, it can be stated that tactics and strategy together, closes the gap between the objectives of the firm and the means of achieving it. However, the question which arises in this context is: why does a business require a strategy to operate in the market place? There are several reasons, but one of them is the changing dynamics of the marketplace. The changes in market place occur due to shifts in the external business environment such as, consumer trends, political landscape, new government regulation or a technological change. According to eminent scholars and practitioners, the business environment is always dynamic in nature and undergoes radical shifts with time (Iivari, 2005). With the great global redistribution of social and economic power, it is expected to continue over the next few decades. Moreover, due to the changes in other business factors such as, the environmental factors, political factors, economical factors, legal factors, social factors and technological factors, companies are compelled to bring changes into their system of operation in order to comply with the external environment (Janicijevic, 2012). Despite several attempts to manage the business environment by devising strategies, the attempts have been futile and it also practically seems impossible for a company to manage the business environment (Jones, 2004). This is because a certain amount of change in one of the factors leads to a drastic amount of change in other factors, due to high interconnectivity. Figure 1 (Source: Newagepublishers, 2010) According to eminent scholars such as Schawalby (2005), companies will face a hard time in the future because of the involved uncertainties. The author had also mentioned that due to the increasing intensity of competition within the industries, a company is bound to face complexities. However, the level of complexities faced by the companies will depend upon their ability to adjust themselves in the changing marketplace. An organization has to deal with changes on a daily basis as people usually do with their lives. Change is therefore regarded a s inherent in the contemporary organizations and its management is not only critical, but also at the crux of organizational development (OD). A business always has two sets of objectives namely, short term objective and long term objective. The short term objectives generally deal with the achievement of short term goals. When it comes to the formulation and achievement of long term goals, the dependence on the external envi