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A manager is trying to see how business has been going. She wants to know if there is a need for any type of change in how they are doing business. What should she do?
conduct a business analysis
What is the difference between efficiency and effectiveness, and how can organizations strike a balance between the two to optimize their performance?
Efficiency refers to doing things in the most economical way possible, while effectiveness is about achieving desired outcomes. Organizations can strike a balance between the two by focusing on streamlining processes for efficiency and aligning goals with actions for effectiveness. This can be achieved through clear communication, setting measurable objectives, and regularly evaluating performance to make necessary adjustments. By optimizing both efficiency and effectiveness, organizations can improve their overall performance and achieve their goals more effectively.
What are the ethics of a manager?
Managers deliver projects that are defined, planned, monitored, controlled and delivered such that the agreed benefits are realised. During this process, the manager is responsible for conducting this business and ensuring it as done in an ethical manner. There are a lot of specific business issues that require an understanding of ethics such as winning new business (e.g. what are the limits the company places on individual employees especially when doing business in foreign countries that have different laws and ways of doing business), accounting practices (e.g. accounting fraud - ENRON), human resource management (e.g. fair recruitment practices), sales and marketing (e.g. price fixing, anti-competitive practices), production (e.g. not using dangerous products, sourcing materials from environmentally friendly and sustainable areas, product testing), property right (e.g. intellectual property rights, not taking company assets to rival companies), technology (e.g. making sure the products can't be used for war or destruction), and staying within the law (abiding by laws and customs). Companies normally provide managers an internal framework policy supported by examples, because it is so difficult to plan for every eventuality, Ethics Officers are sometimes appointed to help Managers resolve difficult ethical issues. Not all companies follow there own ethics policies. To make ethics work in the workplace, it needs executive support and monitoring, written down with consequences of not following it, doable and periodically reviewed, and be simple to understand in neutral language with references to where employees can get help and advice if they think they are running into an ethical problem. The real key is to get employees thinking about it, otherwise it will just be another process on the shelf that nobody reads.
Who sets the aims and objectives for a business?
The Directors of the company but, they do that in relation to what the surbodinates are doing...,
How do you plan to improve the performance of your team within 6 months?
To improve your team's performance you start by training them appropriately. Once you have them trained, you have to follow-up with them to ensure they are doing what they are supposed to be.
What are corporation doing to improve business Ethics?
In order to improve business ethics, those in charge must follow the same ethical guidelines as all every other employee. It is highly important to have a code of ethics and standard policies in place so that employees know what is expected of them.
What are corporations doing to improve business-ethics?
In order to improve business ethics, those in charge must follow the same ethical guidelines as all every other employee. It is highly important to have a code of ethics and standard policies in place so that employees know what is expected of them.
How do ethics and corporate social responsibility tie into doing business?
IT doesn't
What is meant by business ethics?
it means doing the right things in business in terms of morality example : being honest, not stealing from the business etc
Element of business ethics?
Some elements of business ethics include being trustworthy and following through on delivering items to customers. Businesses that have a history of doing this are deemed more ethical than others.
How does ethics affect society today?
In both good and bad ways. Good ethics are needed when doing business or interacting with a person cause it makes them easier to trust.
What is ethical and ethics?
Ethics means someone's principle which leads to good or bad future in the process of any operation, personal or professional. Business ethics means the scale where you measure the do's or don't for the purpose of the future of business.
How does international business contribute to a better standard of living for many people in various?
International business allows many companies to expand and grow their business beyond the country they are in. This will give them more profits and allows for more products and services to be offered from companies that get products by doing business with other countries. There are many products, which improve people's way of living, that they would not have if not for companies doing international business.Practicing business ethics can contribute to the growth of your company in many ways.
What is the view that says the goal of ethics is doing the right?
The view that says the goal of ethics is doing the right is called deontological ethics.
How does international business contribute to a better standard of living for many people in various country?
International business allows many companies to expand and grow their business beyond the country they are in. This will give them more profits and allows for more products and services to be offered from companies that get products by doing business with other countries. There are many products, which improve people's way of living, that they would not have if not for companies doing international business.Practicing business ethics can contribute to the growth of your company in many ways.
What is the difference between Ethics of Doing and Ethics of Being?
Ethics of doing is based on one's political thinking. Ethics of being is based on an individuals way of moral thinking.
What is the view that says the goal of ethics is doing the right thing?
The view that says the goal of ethics is doing the right thing is called deontological ethics.
