Critical Business Ethics In Global Workplace Human Relations Coursework - 1

Critical Business Ethics In Global Workplace Human Relations - Coursework Example d develop ethical principles and guidelines for their employees, where ethics involve the standards on what is right and what is wrong conduct (Renz 2010). However, in the global setting it is more complex to decide what is good or what bad conduct is. In actuality, it is a firm’s social responsibility that comes into debate at this juncture. Over the past decade, there have been numerous ideas presented about the appropriate mode of ethical conduct in global business firms in a global setting. Immense interest in topics such as improper treatment of workers, faulty products that lead to consumer endangerment or inconvenience damage to the environment, as well as ethical conduct issues among countries, organizations, and individuals. However, the heightened sensitivity in the matter and the increasing global competition has created quite the difficult management situation for firms all over the globe. On the other hand, globally active firms, now more than ever, must devise strategies that will ensure their organizations’ are not in the crossfire arising from the increasing focus on ethical conduct. Additionally, firms must develop strategies that carry out additional costs arising as a result of implementation of global ethical standards. The purpose of this paper is to discuss in detail the ethical behavior of firms, especially those that are active globally. The paper unfolds as three sections: First, introduction to the matter in hand. Later, a discussion of the various ethical frameworks in relation to the Credit Suisse case. In the third and final section, a conclusion and personal comments regarding the matters discussed. Ethics can be defined simply as the guiding principles that assist us determine what is right and what is wrong. These guiding principles are the parameters by which the business organizations operate. Ethical behavior implies that individuals behave in the manner acceptable by the organization and society as a whole (Bopp & Smith

Why does knowledge of different generic approaches to strategy matter Essay - 1

Why does knowledge of different generic approaches to strategy matter What implications does this have for our understanding of the shrm field - Essay Example e understood the strategic role that the human resources can undertake in equipping firms with competitive advantage and therefore contributing to the improvements in performance. As Lengnick – Hall et al. (2009) indicate, SHRM has been highly emphasized within the context of integrating strategic initiatives on the Human Resources with the strategic posture of firms. This paper focuses on two fundamental constructs; the first one is the establishment of the positive relationship between knowledge of generic strategies and understanding the strategic initiatives and the second one is the link between generic approaches to strategies and SHRM. Conceptualizing and evaluating business and organizational strategies is a common perspective that scholars and practitioners undertake in their attempt to understand the competitive position of the firms as well as the forces that interact in the strategy decision making and formulation (†¦..). Whittington (2001) argues that it is imperative to have certain knowledge on strategies as it enables the better understanding of the strategic choices that organizations often make. O’ Farrell et al. (2006) further claim that knowledge on strategies actually influences organizational performance for three reasons; first, understanding strategies implies understanding of the context in which strategizing can take place, second, understanding strategies suggests that management has a clear view of the different forces that can have an impact on the strategic level of firms and third, understanding strategies increases the capabilities and skills of management towards strategic dec ision making. The Generic approaches to strategy are viewed by Whittington (2001) as four fundamental ‘movements’ which reflect different schools of thought regarding the strategic design, implementation and execution on the part of firms. The author distinguishes the generic approaches to the following perspectives: the classical, the evolutionary,