Business Ethics Of Anglo American Company - 1149 Words

Anglo-American Company represents one of the companies that respect business ethics by treating employees fairly. This practice has not been previously employed in the enterprise. I have previously worked with this company as an attachà ©, and I did not like the experience of being coordinated by the previous manager. This manager mainly used to overwork and mistreat us. However, the company realized a new trend towards employees’ treatment after recruiting Mr. Long as the new company manager. During the first meeting as the manager, Mr. Long issued a long statement that seemed to touch on the importance of recognizing employees’ effort. Towards the end of his speech, Mr. Long announced his decision to reinstate three employees that had previously been sacked after getting involved in a road accident while going to work. â€Å"They are our brothers,† recounted the new manager after calling the names of three managers. Apparently, the accident did not occur when the employees were within the business premises. Therefore, a legal process that ensued concluded that the company was not liable for their accident insurance cover. Although the company catered for their medical expenses, no compensations were awarded because of involvement in an accident. To our surprise, what awaited them was another discouraging update. The previous manager had already signed their termination letters. According to the previous manager, retaining incompetent employees in the business was an easy way ofShow MoreRelatedEthical Business Behavior: Primark and Anglo-American Case Study1740 Words   |  7 PagesBehavior: Primark and Anglo-American Ethical business behavior and the costs and benefits for a company behaving ethically In recent times there has been an emphasis on following business ethics, as it is believed to have an impact on the way business is run and how its prospects turn out. In the past, business ethics were often ignored, as entrepreneurs had other priorities that took the front seat to ethics, such as, profit-making and stakeholder interests. However, business ethics are a tool to improveRead MoreEthical Theories920 Words   |  4 Pages2. Ethical Theories used to justify Anglo-American’s Obligation to the ethical issue in Chilean Mines 2.1 Virtue Ethics: In virtue ethical theory, an individual is judged by his character rather than by his actions that may deviate from his normal behavior (Fraedrich, Ferrel and Ferrel, 2009). In Chile’s case, application of virtue ethics justifies the following mishaps: Fairness: With Research gathered from the case study, contract workers are assigned much more dangerous tasks with greatRead MoreBusiness Ethics : More Important Than You Think1577 Words   |  7 PagesEnglish 3, Period 8 30 January 2015 Business Ethics: More Important Than You Think There is no debate that building a business from the ground up is a difficult thing to do. Then, take into account all of the nuts and bolts, the little things that go into running a business. You have employees, inventory, stock, finances and everything that might slip through the cracks to worry about. Most importantly businesses have public perceptions. This very thing defines a business and how successful it may or mayRead MoreWhat Are The Pros And Cons Of Anglo American Plc In South Africa1144 Words   |  5 PagesSubmission Case: Anglo American PLC in South Africa (from Lesson 5) 1. Who are the various stakeholders that Anglo American needs to consider as it adopts an effective HIV/AIDs strategy? o Anglo American’s stakeholders are its employees, the employee’s families, their communities that they reside in. Political officials, health organization, its shareholders, hospitals, drug companies and anyone else that may be affected or can help this health epidemic. This is not a problem just for Anglo, it’s alsoRead MoreAnglo American Corporate Social Responsibility1514 Words   |  7 PagesFriedman (1970) considered that: â€Å"†¦business as a whole cannot be said to have responsibility†¦Ã¢â‚¬ , the improvement of the notion of Anglo-American corporate social responsibility (CSR) has rapidly expanded. This essay will review the important concept around Anglo-American CSR, its development and provide a verdict on the extent whether liberalisation, globalisation, and developments in the markets for debts and equity are impacting the tradition view of an Anglo-American public corporation and the natureRead MoreBusiness Ethics And Corporate Social Responsibility Essay1382 Words   |  6 PagesSOLUTION Business Ethics Business ethics are moral principles that guide the way a business behaves. The same principles that determine an individual’s actions also apply to business. Acting in an ethical way involves distinguishing between â€Å"right† and â€Å"wrong† and then making the â€Å"right† choice. It is relatively easy to identify unethical business practices. For example, companies should not use child labor. They should not unlawfully use copyrighted materials and processes. They should not engageRead MoreAnglo American Corporate Social Responsibility1501 Words   |  7 PagesFriedman (1970) considered that: â€Å"†¦business as a whole cannot be said to have responsibility†¦Ã¢â‚¬ , the improvement of the notion of Anglo-American corporate social responsibility (CSR) has rapidly expanded. This essay will review the important concept around Anglo-American CSR, its development and provide a verdict on the extent whether liberalisation, globalisation, and developments in the markets for debts and equity are impacting the tradition view of an Anglo-American public corporation and the natureRead MoreThe Role Of Anglo Amer ican Acting As A Moral Agent Essay1876 Words   |  8 Pagesrole of Anglo American acting as a moral agent in its mining projects Ethical behaviour Anglo American workers were fired or resigned because of the default in the principles in 2009. The defaults were covered by conflicts of interest, dishonesty, harassment, violence and acts that were likely to result in the disrepute of the company. The company follows an uncompromised rule in maintaining the ethical conduct. Whistle-blowing Whistle-blowing is an independent way of letting the Anglo American stakeholdersRead MoreCase: Anglo American Plc in South Africa (from Lesson 5) Essay1822 Words   |  8 PagesCase: Anglo American PLC in South Africa (from Lesson 5) 1 Who are the various stakeholders that Anglo American needs to consider as it adopts an effective HIV/AIDs strategy? - Anglo American employees and their families - Government bodies - Non- Profit organizations (NGOs)/ World Health Organization (WHO) - Competitors/ Other large mining concerns or companies operating in South Africa - Pharmaceutical companies - National Union of Mine Workers - Financial Institutions - ShareholdersRead MoreBecoming Mexican American Essay1313 Words   |  6 PagesBecoming Mexican American George J. Sanchez Becoming Mexican American is George J. Sanchez’s document how Chicanos survived as a community in Los Angeles during the first part of the twentieth century. He goes into detail of how many thousands of Mexicans were pushed back in to Mexico during a formal repatriation. Those that survived in Los Angeles joined labor unions and became involved in New Deal politics. The experience of Mexican-Americans in the United States is both similar, yet different

My Mission Trip to Jamaica - 987 Words

In tenth grade I was enrolled in conformation class at my parish church. This was the first time I had really started getting involved with my Church parish. The big event everyone was talking about for the upcoming summer was the mission trip to Jamaica. My first thoughts about this trip were to stay away from it. I found myself not wanting to get involved with a huge event like this. Leaving the United States is something that I have never done before. A whole week away from home is something that scared me at the time. I kept it in the back of my head throughout the year and the time came to make my decision. The decision I made would, without me realizing it, change my life forever. My trip to Jamaica would teach me just how blessed I am. The anticipation before the trip got worse as time went by. The type of person who wanted to be the least involved was definitely me. I was always the type of person to get worried over the small things. Instead of seeing the big picture, I found myself analyzing all the tiny details. Approaching conformation class with this attitude was hard. I was never really giving these classes a chance. Conformation class was the last thing I wanted to be doing on my Sunday nights. The reason I went to these classes was because my parents forced me too. The only place I wanted to be was at home on my computer. The days went by and the summer drew closer. The time was finally here to register for the trip. I arrived in Kingston, Jamaica onlyShow MoreRelatedThe Anatomy Of Dead Insects And How Close I Was A Doctor835 Words   |  4 Pages Too young to remember when my parents moved back to Jamaica, the land of their birth, but old enough to know that there was something strikingly different between living in New York and living in Jamaica. Before entering primary school my dad gave me the Atlas of Human Anatomy, I never cared for the big words then but those pictures peeked my interest even more. 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We flew out from Tampa, Florida which is my hometown and the flight took about 2 hours, but for me it felt likeRead MoreAnalysis : Jamaica Mission Trip2138 Words   |  9 PagesCassie McWhirt Professor Traw English Comp 1 20 September 2017 Jamaica Mission Trip Americans are among the wealthiest people in the world. Most of us US citizens do not fully realize how much poverty is out there in the world. Traveling internationally is a privilege that is often dreamed about by many people worldwide. We see postcards and pictures of places wishing that we could see the palm trees, the turquoise water, and the sandy beaches. But what the postcards do not portray is the dark andRead MoreThe Students Of English 11201196 Words   |  5 Pagesthey would not adapt as well to new traditions. Traveling takes a student outside of their realm, literally and emotionally. They are forced to be flexible. 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Knowledge Management KM Council Samples †MyAssignmenthelp.com

Question: Discuss about the Knowledge Management KM Council. Answer: Introduction According to Saini (2012), knowledge plays a significant role in making organizations to meet their goals. Although some companies may wish to take various decisions which impact employees, retaining knowledge remains critical in all decisions. Downsizing without considering knowledge can make an organization to experience different challenges which may lead to its closure. Utilizing the right strategies while downsizing is fundamental. After realizing the company was experiencing challenges especially after the end of cold war, northern gate (NG) senior management took the decision of downsizing while retaining knowledge and expertise. The company understood that Knowledge management (KM) and expertise would play a significant role in preventing massive brain drain (McFarlane, 2012). The company under the leadership of smith utilized various strategies including coming up with KM council and conducting knowledge audit to ensure the goal of downsizing while maintaining knowledge and expertise was attained. Case Study Analysis and KM Objectives Identification and Justification Initially, the company did not analyse the employees to know whether they were sharing knowledge. The management took a creditable move to come up with a strategy of identifying if the employees were sharing knowledge. The decision to analyse if employees where aware about the value of sharing knowledge means the management had started realizing that something was wrong because the company was experiencing difficulties in meeting its goals. The end of cold war would make this company to experience various challenges because most of the products which the company produced were used during that time. Based on this factor, and bearing in mind that some of the employees had started quitting the organization, it meant the company was experiencing various problems which would be threat to the success of the organization. According to Huang (2014), failing to address some issues especially those which impact workforce can make an organization to close down. The great success which smith and his team attained will benefit the company in various ways, including coming up with innovative products. The company has different autonomous business units which include information and services, electronics, aerospace and ships. The fact that the company was trying to down size, maintaining knowledge and expertise was important for this units to remain in operation (Ologbo, 2015). After identifying that the organization was experiencing problems, the senior management to down size while retaining knowledge and expertise. The objective of undertaking this process was to ensure the company remains with few employees but with proper knowledge and skills. The company was aware that with the end of cold war and other factors that would provide it with market opportunities, the large number of employees would have no purpose. The company also wanted to retain knowledge because it wanted to have a team that would effectively contribute in production of products which the company was producing. One of NGs main object for knowledge management was to ensure skills and expertise were well utilized to make the company to continue performing better. Great number of employees who were leaving the organization after would significantly impact its performance, bearing in mind that some of them were those who had technical knowledge in some areas that were critical based of the products that the company was producing. Critical Success Factors The ACSs strategy of downsizing while maintaining knowledge succeeded because smith ensured the right procedures were used. Because it is fundamental for employees to understand that knowledge sharing is critical for good performance of an organization, smith considered surveys to find out if the staff members were aware about the importance of sharing know-how with their colleagues (Goel, 2010). The fact that the largest number of them reported to know the value of knowledge sharing means KM would be effective in this company. The fact that the employees understands the value of sharing knowledge will make them to work as teams and improve quality and quantity (Meharabani, 2012). When employees with good knowledge team up while undertaking task, they share ideas, skills and experiences which in turn makes the company to realize success. Understanding the importance of sharing knowledge with their counterparts will also make the employees to assist the company to come up with innovative products. Georgieff (2013) argues that downsizing without retaining knowledge can make a company to experience challenges which can lead to its closure. The fact that ACS succeeded in retaining knowledge and reducing the number of employees, it will remain in operation and save the money which would be used to pay salaries. According to Petter (2014), critical thinking assists organizations to overcome problems which can impact knowledge management. John smiths idea of requesting ACS to implement appropriate KM initiative was right because it would assist in preventing further loss of knowledge and expertise in the organization. Huang (2014) states that before addressing any problem which impact an organization, it is always advisable to first consider what triggers the problem. Before launching the KM initiative, Smith and his team considered to identify the best strategies to identify the barriers which prevented the staff members from sharing information with their colleagues. Alongside the end of cold war which provided the company with opportunities to sell their products, lack of sharing knowledge among the employees could be one of the factor that was making the company to experience challenges. Having identified that employees were aware that sharing information with their counterparts was important, it would be simple for the management to manage knowledge and expertise. NGs decision to analyse the level of knowledge sharing among the employees was fundamental because it assisted the company to understand whether the employees were aware about the importance of knowledge sharing or not (Malgeri, 2013). It was a surprise after the audit was conducted to realize that the employees were aware about the value of sharing knowledge with their counterparts. This means utilization of proper strategies to retain knowledge would make the company to realize great success. According to Goel (2010), organizations only succeed in knowledge management if employees understand the importance of knowledge in workplace. Appointing KM council which emphasized mostly emphasized on knowledge assisted smith to identify that the employees were aware about the value of sharing knowledge with their counterparts. The step by step analysis and good audit process were also significant contributors to the success of that process. Before thinking of the strategies which can effectively manage knowledge in an organization, it is advisable to first consider the factors which can make the staff members think of leaving the company (Omotayo, 2010). Smith was keen in incorporating this factor in the strategies for knowledge management because he advised the KM council to identify the subject matter. The good leadership of smith, assisted the process of downsizing while maintaining knowledge and expertise to be deemed successful. After conducting the whole process, the management managed to reduce workforce from 8000 to 6000 and adapted KM. this means the company will have the right number of employees based on the tasks available. In addition to that, it will also benefit by having employees who can utilize their skills effectively for the success of the organization Having successfully downsized while maintaining knowledge and expertise, this company will be able to realize less cost when it comes to salaries. It will also realize high quality work and great production. Maintaining knowledge will also make it to be more innovative. Having the right number of employees with good knowledge helps an organization to remain successful. Bibliography Georgieff, M., 2013. Who Owns Knowledge Management within Your Federal Agency?. The Public Manager, 42(3), pp. 65-75. Goel, G. R., 2010. Knowledge Management as a Process to Develop Sustainable Competitive Advantage. South Asian Journal of Management, 17(3), pp. 547-562. Huang, L.-S. C.-P., 2014. Knowledge Management Adoption and Diffusion Using Structural Equation Modeling. Global Journal of Business Research, 8(1), pp. 78-90. Malgeri, J., 2013. Enhancing the Knowledge Management Capabilities of Federal Agencies: Implementation of Effective Knowledge Management Can Improve Performance in Government Agencies. The Public Manager, 39(3), pp. 254-289. McFarlane, D., 2012. Personal Knowledge Management: Individual, Organizational and Social Perspectives. Journal of Applied Management and Entrepreneurship, 17(2), pp. 58-75. Mehrabani, S. M., 2012. Knowledge Management and Innovation Capacity. Journal of Management Research, 4(2), pp. 45-56. Ologbo, A. K., 2015. Knowledge Management Processes and Firm Innovation Capability: A Theoretical Model. Asian Social Science, 11(18), pp. 58-75. Omotayo, F. O., 2015. Knowledge Management as an Important Tool in Organisational Management: A Review of Literature. Library Philosophy and Practice, pp. 124-135. Petter, G., 2014. Knowledge Management Strategy in Professional Service Firms. Advances in Management, 7(3), pp. 12-24. Saini, R., 2012. Impact of Knowledge Management Practices on Selected Industries: A Structural Equation Modeling Approach. Management Marketing, 8(4), pp. 102-112.