Friday, February 22, 2019
Individual Business Essay
1. To what extent can individual business decisions (as remote to economic forces) explain deterioration in influenceing conditions for many workers? First, as mentioned in the Case, a concentration on cost reduction to keep on competitiveness has led to offshore job placement, automation, and new(prenominal) decisions to reduce cost to keep products in price competition with foreign imports. The average operate in the U.S. created a tremendous cost addition to American products. Second, an cast up in technology to perform repetitive and sometimes original work has reduced the number of jobs, or changed them to technical support, thereby reducing employment. Third, a focus on short-term performance for bonus pay for executives convey that some decisions are made for profitability in the short hand that may not be appropriate for the organization in the broad run.2. Do business organizations defend a tariff to ensure that employees have secure jobs with good working conditi ons, or is their primary responsibility to shareholders? This tell leave alone depend on your viewpoint. If you have ethics similar to that proposed by economist Adam Smith, then the responsibility is to the owner or shareholder. The responsibility to the worker is in relation to the profitability and success of the firm. If, on the other hand, you are a proponent of labor unions, then your view will be more in favor of permanent jobs and high wage for employees, no matter what.3. What alternative measures of organizational performance, besides share prices, do you think world power change the focus of business leaders? If perplexity changes its accounting measures from one-year or short-term to long-term performance, then a major shift would occur in decision outcomes. Other measures might include employee rewards for exceptional customer service, supporting innovative ideas from stakeholders, etc.