Business Paradigm Essay Example For Students

Business Paradigm Essay Key Point 1: How does Corporate Restructuring affect our Society?In the early 1990s, corporate restructuring was being reported in newspapers and magazines almost daily. In 1995 alone, domestic mergers totaled more than $450 Billion. In just the first week of the second quarter of 1996, merger activity totaled $28.3 Billion. To name a couple of corporations that were involved were Bell Telephone systems and AT T. Pros and cons come from such large mergers and acquisitions. A good aspect that came from the Bell merger was that they were able to provide service to 30 million residential and business customers in seven states west of the Mississippi. On the other hand, a negative aspect that arrived from mergers is that often times, after the merger had taken place, the companies decided to downsize to make their new corporations more efficient. Long-time employees are now being pushed out of the company. Investors and analysts alike, seemed to respect the companies that inflicted the deepest cuts and fired the greatest number of workers. Executive pay rose along with corporate profits and productivity. The compensation packages for those individuals laid-off were tied to job performance. This created a huge amount of hostility. Mergers also created fear amongst the employees. The fear of job loss eroded the loyalty between employees and their companies. Mergers, however, are sometimes inevitable. The corporations must find ways to stay competitive, not only internationally, but globally. Key Point 2: Social Responsiveness ManagementLarge corporations are responsible for providing the consumer with a safe and reliable product. They are also legally obligated to ensure what the company is offering the consumer is what the consumer gets. Take the in-class video on U-Haul for example. U-Haul stated that each vehicle is routinely inspected to ensure customer safety. The inspection log would have a recent date annotating the last inspection. A team of reporters visited several U-Haul subsidiaries throughout the United States. The findings were shocking. It was found after having professional mechanics inspect the vehicles, that most were unsafe to drive. This negligence on U-hauls behalf places the consumers life in jeopardy. It has become a huge issue after several fatalities that resulted from U-hauls vehicle negligence. Laws should become more stringent on companies that provides this type of service to consumers. Key Point 3: Code of Ethics and Business Conduct (Nuclear Energy)The debate over whether nuclear energy is a socially acceptable has gone on for years. Recently, it has become quite questionable from early perceptions. The chaos at Three Mile Island turned passive stakeholders into active opponents of the development of nuclear energy sources. In 1986, the disaster at the Chenobyl plant in former Soviet Union further strengthened the position of antinuclear energy forces, particularly here in the United States. Public interests groups went to court to prevent new plants from opening. They also ensured that antinuclear energy questions were placed on state and local ballots. Everyone is now aware of the damages that are caused by nuclear radiation. The thing is how to solve the problem. Where is a safe place to dispose of nuclear waste? There is no safe place. The only way to prevent radioactive disasters is to destroy its source. Key Point 4: Crisis ManagementEvery company or corporation faces some type of crisis during the existence of the company. These companies have to manage disasters precipitated by people, organizations, organizational structures, economics, and/or technology that can cause extensive damage to human life, and natural and social environments. One example of a company that experienced a crisis was Dow Corning (a breast implant company). Dow Corning had been in the implant business for 30 years and had received ample warning that a crisis could occur. Japanese researchers had even told them that the silicone implants may cause inflammatory immune diseases. Dow Corning contained the production and surgeries despite the warnings. The Cause And Effect Of Human Error In Air Safety EssayPeople need to learn to manage stress. Classes are now being given to reduce high stress levels. These classes have proven to be quite successful. People in the Military experience high levels of stress in the workplace. A lot of stress is placed on Military personnel that have been deployed and separated from their families for an excessive amount of time. I feel that all companies need good human resources and stress management programs to be productive. Key Point 8: Family and Child Care BenefitsFamily and child care are two of this decades most pressing workplace issues. In retrospect to when I was a child, my father was the sole provider for my family. My mother stayed at home with my sister and I until we were old enough to be home alone. Once we were old enough, my mother went searching for employment. Times have changed dramatically since then. Most families now have both the father and the mother employed due to rising cost. Since the divorce rate has climbed, many families are ran by a single parent. This can be very tough because the children need supervision. Several companies have teamed together to help provide their employers with child care and aging family members. The programs they created included new child care centers, in-home care for elderly family members, vacation programs for school-age children, and vocational training for at-home mothers. In my opinion, these types of benefits for the employees will make them more committed to the job. This relieves a huge burden off their shoulders. Employees will be more apt to stay in the business due to these important benefits. Key Point 9: sexual HarassmentSexual harassment has become an important issue over the past few years. Not only in corporations, but the military as well. In recent years, women have fared better than minorities in the courts in terms of access to jobs and promotions. There are two specific types of sexual harassment: (1) situations in which sexual harassment created a hostile work environment and (2) cases in which a supervisor demanded sexual favors in exchange for job benefits. Corporations have finally put their foot down on sexual harassment. They have implemented policies in which the employees will abide by or they will suffer the consequences. Sexual harassment can create tension that will give bad vibes in the company. It is finally time that corporations implement the zero tolerance level across the board. Key Point 10: Management Strategy for Workplace Safety IssuesManagers have a hard time establishing health and safety programs because it is taught in school. Many have no experience in assessing the cost and benefits of workplace safety. However, they have established three ways in which it will assist the managers in developing safety issues; planning, organizing, and controlling. Each category has questions that must be analyzed within each corporation to determine which ones will apply to their industry such as: How do other companies develop a corporate philosophy regarding safety and health matters? How do managers in high-hazard industries set occupational health and safety goals, and to what extent is the staff involved in the goals exercise?If something within the corporation is unsafe and someone is injured, this could result in high worker compensation costs, disrupt productivity, and add to hiring and training costs. Managers have to calculate dollar losses due to safety and health incidents. All companies should have a management strategy for workplace safety issues in order to keep good employees and keep compensation cost at a minimum. Category: Business