The Implications Of Business Ethics For Human Resource...

Topic 1: What are the implications of business ethics for human resource management? Explain the potential role(s) of human resource managers in the ethical conduct of business. Provide examples where appropriate. Essay The concept of business ethics is gaining more and more attention from many different organisations. Business ethics relate to the ethical judgments of what is right and wrong in an organisation (Sparks et al. 2010, p.2). Human resource management in particular, demonstrates the implications of business ethics through the practices of its function. The manager from this area should be able to influence the behaviour of their employees by applying the concept of business ethics. This essay will discuss about the importance†¦show more content†¦Human resource management addresses concerns about strategy development, managing the talent and leading the cultural changes and some other important roles (Stone, 2014, p.12). Human resource manager should be able to have a good understanding of how to imply ethical conduct into their practices. By this, they will manage the human capital better, improving the employees’ wellbeing and therefore maximising the organisationâ€⠄¢s productivity and efficiency. It is important for the human resource management to take some approaches that regards to the issues of business ethics. The implications of ethical conducts and morality are essential to apply in the practices of this function. Some examples of these implications could be thing like building a good ethical framework in human resource management practices (Nadia et al. 2012, p.98). By doing this, there will be more ethical decisions made; managers will need to go through critical planning and activities that involves ethical practices. These will include considerations about what is best for the employees’ welfare and also for the businesses’ operation. Addressing problems about business ethics also implies that human resource management function must be aware of how crucial some legal components are (Martin et al. 2001, p.246). This helps to make sure that unethical business conducts will not occur in the organisation and the human

Essay on Reflections on Night, by Elie Weisel - 836 Words

Night, by Elie Wiesel, is an autobiographical novel which tells the story of Eliezer, a Jewish teenager from the small Transylvanian village of Sighet. He is 15 when transported to Auschwitz, Buna, and finally Buchenwald with his father during World War II. Eliezer loses his faith, argues with God, and is sustained only by the need to care for his father. As well as the appalling memory of the Holocaust resurrected in this novel, Night bears with it the unforgettable implication that this atrocity must by no means be permitted to occur again. However, what if it is possible that these horrors could be carried out again in present day? Furthermore, have we really learned enough from this tragedy to be sure nothing like the Holocaust could†¦show more content†¦Also, by choosing remote sections of the country even the people of Germany were oblivious to what was happening. Plus, many Germans were for the Nazi party and were essentially fine with using the Jewish people as a sca pegoat to rid Germany of debt left from World War I. Another thing I thought about while reading the novel was, â€Å"What would I do if I was ever forced to leave my home and move to a concentration camp?† This is terrifying thought, and I honestly don’t know what I would do. Elie’s number one priority when he was in the concentration camp was not to get separated from his father. This, I believe, saved his life by giving him something to live for even after he lost his faith. After the prisoners have had their names, humanity, and in most cases your family taken away from you it would be very hard to find a reason to endure the harsh conditions of the death camps. This is true in the story for Elie’s relative, Stein of Antwerp. Elie continuously made up stories about how his wife and kids back in Antwerp were doing to keep his hopes up. â€Å"†¦Reizel and the children are still alive. If it wasn’t for them I couldn’t keep going.â₠¬  Unfortunately, one day Stein received the real news of his family and Elie and his father never saw him again which is to be inferred that he died. One final issue that made me think during the book was â€Å"Who is really responsible for these crimes against humanity?† Most will say that Adolf Hitler is responsible for theShow MoreRelatedElie Wiesel as a Survivor of the Holocaust2000 Words   |  8 Pagespoint of view, they can see the good side of human nature, especially if someone looks at it from Elie Wiesel’s perspective. Elie Wiesel and his family were Romanian Jews who were, unfortunately, swept into the Holocaust’s horrors. Elie managed to escape the Holocaust using tools of survival, including love for family and impassivity. He did not let being a victim of the Holocaust define him, so Elie moved on to become an inspirational figure that represented and spoke out for all of those who constantlyRead MoreThe Christian View Of God1647 Words   |  7 Pagesneed to justify the pain and prejudice evident in the human world, deeming it either neutral or good. Many of those who have experienced tremendous injustices also fail to reconcile the existence of God and evil. Elie Wiesel, a holocaust survivor, writes in his autobiographical work Night that I did not deny God s existence, but I doubted His absolute justice, (Wiesel, Ch. 3). It is an abuse of power to justify the suffering of others based on an end-goal without their consent or acknowledgment

Impact Of Globalization On The Age Of Industrialization

Over the course of history, never has there been a more significant transition of societal organization than that from feudalism to capitalism. The monetization of trade completely changed people’s standard of living in that they were no longer tied to a social monarchy and could engage freely in commerce. As well, newly discovered technology allowed populations to achieve economies that could generate successful productivity. In recognizing and analyzing this distinct historical event, it then begs the question of what exactly made the greater impact on the age of industrialization. There were numerous contributing factors that propelled worldwide economic development. Britain, as the most advance economy of the time, showed leadership in its introduction of limited liability law which is arguably the primary force behind the movement towards industrial capitalism. With investors now able to freely enter business with one another while being shielded from substantial debt th at could otherwise deter them from participating in commerce, the opportunity for new advances in economic development emerged, as made apparent in the aftermath of these laws,. The following essay will verify how, in accepting this principle and integrating it into their economy, it is evident why Britain became an international forerunner for financial prosperity. To begin, an explanation of limited liability should be provided prior to deconstructing the reasoning behind what makes it such a keyShow MoreRelatedIndustrial Revolution1160 Words   |  5 Pagesï » ¿ Industrialization of the 19th Century in America Matt Capone FIN 419 Professor Moore May 3, 2014 Over the course of time, the country of America has changed in many ways. Towards the end of the 19th century, a significant change took place in the fundamental structure of the economy. That change was industrialization. During this time period, the United States of America changed from a large, agricultural country, to an urban industrial society. The process of industrializationRead MoreGlobalization : A Short History1720 Words   |  7 Pagesworld today are seen less superior and most likely to keep peace and order rather than starting violence. In Jujen Osterhammel and Niels P. Petersson’s book Globalization: A Short History, they investigate what led to globalization. They discuss events in history starting from the 1800s to the cold war era and what events led to globalization. Osterhammel and Petersson describe every event in details that have led to the world we live in today. From there discussion, it is seen that Europe was a dominatingRead MoreDiscussion Question s for Globalization Is Good Followed by Discussion Questions on Global Village or Pillage1154 Words   |  5 PagesDiscussion Questions for Globalization is good followed by discussion questions on Global Village or Pillage Taiwan: Discussion questions 1.How has ‘land reform’ contributed to the rapid industrialization of Taiwan? Land reform contributed greatly to industrialization of Taiwan because the people were able to own land due to their governments property ownership program. Since the citizens were allowed to own their own piece of land, this encouraged them to make their land better and moreRead MoreThe Global Economy Has Changed Over Time953 Words   |  4 Pagesglobal economy has changed and what contributed to those changes. During the 19th century the cost of transportation decreased as a result of innovation. Income per capita nearly doubled across all classes in America and in Europe during the gilded age (1870-1900). Advancements in technology radically changed trade; with the introduction of the railway system and the use of steamships, the cost of transportation decreased. The time required for goods to reach the market was reduced, and the cost ofRead MoreA Theoretical Review Of Global Stratification913 Words   |  4 Pagesto the age of five or sixty-five, living in life-threatening poverty, working for family income as a child, or being a slave. Global stratification is significant to society because it is the reason behind widespread poverty and extremely uneven spread of wealth throughout the world. The gap between the rich and the poor of the world continues to widen (Macionis 280-292). In November and December 2015, a United Nations climate convention was held in Paris. Global stratification impacts the environmentRead MoreGlobalization : The Globalization Story1361 Words   |  6 PagesThe Globalization Story Most portrayals of globalization emphasize a natural and progressive view of increased international integration as a result of developments in transport and communication. As this occurs, it is important to remember that such integration is part of the larger historical process of industrialization and, like industrialization, globalization is the product of choices made by powerful actors. As a result of these choices, life has changed all over the world, but these changesRead MoreEssay on Globalization Is Good1443 Words   |  6 PagesDiscussion Questions for Globalization is Good Taiwan: Discussion questions 1. How has ‘land reform’ contributed to the rapid industrialization of Taiwan? Back in the 1950s the government of Taiwan started to offer yields of land for families to own and operate off of. The land, which was supplied with food/crop, released man power for industry to prosper. As the government distributed the land, the owners took advantage. Taiwan’s rural beginnings lead to industrial wealth like Mr. WangRead MoreGlobalization And Its Impact On Culture And Identity1380 Words   |  6 Pagesworld, globalization, the process of interaction and integration among people, is spreading rapidly (What Is Globalization?†). Historically, people have often identified in a collective way in order to associate with a group, culture, or individual (Miladinovic). However, nowadays, this form of identification cannot be used as people are changing the way with they identify with others, due to the considerable influence of globalization. Though typically used as an economic term, globalization is characterizedRead MoreIndustrial Revolution Essay example1 295 Words   |  6 Pagesgreatest moments in human history, as it gave rise to industrialization and the switch from manpower to machine power. It completely revolutionized the world and forever changed the course of humanity. However, many scholars and historians believe that the Industrial Revolution’s benefits didn’t outweigh the negative impacts it brought upon the world. I for one believe that the benefits brought upon by the Industrial Revolution justify the negative impacts it had on the world. Without the Industrial RevolutionRead MoreLatin American Culture Essay examples1050 Words   |  5 Pages As the author of our book states; the catholic church is an important pillar of these societies. Other important factors of Latin American culture are values and attitudes. As our author states, Cultural attitudes toward such factors as time, age, education, and status reflect these values and in turn shape the behavior of and opportunities available to internation al businesses operating in a given culture. In Latin American culture time is seeing as space. As the video shows, punctuality is

Managerial Finance for Norwich Tool- MyAssignmenthelp.com

Question: Discuss about theManagerial Finance for Norwich Tool. Answer: Introduction: This case study deals with a particular organisation, Norwich Tool, which is a big lathe machine shop. The organisation has been thinking of replacing a machine with one of the two available machines, which are either lathe A and lathe B. Lathe A functions automatically and it is controlled with the help of computer. Due to the presence of such advanced technology, the organisation might be able to increase its overall production (Almarri Blackwell, 2014). On the contrary, lathe B is comparatively of lower cost, since it utilises standard technology. For assessing such two alternatives, the organisation has recruited a financial analyst to develop projections of initial investments and pertinent cash inflows associated with the two lathes. Thus, the different methods of capital budgeting like net present value, payback period and internal rate of return are utilised to ascertain the overall viability of the project. With the help of these techniques, Norwich Tool could determine the overall return and profitability of the two proposed machines. Based on the evaluation of these techniques, the financial analyst has provided suggestions to Norwich Tool through the assumption that it has capital rationing or unrestricted funds. Payback Period to assess the Acceptability and Relative Ranking of each Lathe: Figure 1: Payback periods of the two proposed lathes (Source: As created by author) From the provided case, it has been detected that the maximum payback period, which Norwich Tool could accept, is 4 years. In the words of Baum Crosby (2014), payback period denotes the time, in which the initial investment of a project could be regained from the possible project cash inflows. This technique of investment appraisal is a considerable indicator of determining whether to continue ahead with the project. This is because greater the payback period, the less feasible an option is for a specific investment. According to the above table, the payback period of lathe A is 4.05 years, while the same for lathe B is obtained as 3.65 years. Since the payback period for lathe A is greater in contrast to the accepted payback period of 3.65 years and reverse in case of lathe B, lathe B is a feasible alternative for investing in the context of the organisation. Capital Budgeting Technique to Assess the Acceptability and Relative Ranking of Each Lathe: Net Present Value (NPV): Based on the table above, it is inherent that lathe A has positive NPV, which is computed as $58,133, while that for lathe B is computed as $43,483. In this context, Gtze, Northcott Schuster (2015) stated that the greater the NPV, the more feasible the investment is for the organisation, as it would help in providing greater returns on investment. In this case, the NPV of lathe A is greater, which signifies the organisation in undertaking lathe A for increasing returns on investment. Therefore, according to the NPV value, lathe A needs to be accepted. However, it has been observed that the payback period of lathe A is above the desired limit and lathe B has positive NPV as well. Therefore, lathe B should be undertaken, as it fits the criteria of the organisation. With the help of NPV, an organisation often undertakes projects, since it has greater realistic assumptions and better profitability measure (Liesen, Figge Hahn, 2013). Internal Rate of Return (IRR): According to the above table, it could be stated that lathe A has positive IRR, which is found as 15.95% and that for lathe B is found as 17.34%. In this regard, King (2013) stated that internal rate of return helps in increasing the overall return on investment; thereby, increasing the overall organisational profitability. The more the value of IRR, the more is the ability of a firm to increase the overall return on investment. Therefore, based on the values of IRR, lathe B needs to be accepted. Recommendation to the Firm about the Selection of Lathe: Unlimited Funds: If the organisation has unlimited funds, the initial priority would be provided to lathe B, since both the NPV and IRR values are positive. Moreover, the payback period is within the desired range and lathe A has positive NPV and IRR, both the lathes could be purchased. Capital Rationing: For capital rationing, the organisation needs to select lathe B, as lathe A has payback period, which is above the accepted level. Moreover, the fund limitations of the organisation states that project B should be accepted for meeting all the basic criteria. Conclusion: The above evaluation clearly states that lathe B needs to be accepted, as it meets all the primary requirements of the organisation. This is because the payback period of lathe A is above the desired limit and lathe B has positive NPV as well. Therefore, lathe B should be undertaken, as it fits the criteria of the organisation. References: Almarri, K., Blackwell, P. (2014). Improving risk sharing and investment appraisal for PPP procurement success in large green projects.Procedia-Social and Behavioral Sciences,119, 847-856. Baum, A. E., Crosby, N. (2014).Property investment appraisal. John Wiley Sons. Gtze, U., Northcott, D., Schuster, P. (2015). Selected Further Applications of Investment Appraisal Methods. InInvestment Appraisal(pp. 105-159). Springer Berlin Heidelberg. King, N. (2013).U.S. Patent No. 8,433,591. Washington, DC: U.S. Patent and Trademark Office. Liesen, A., Figge, F., Hahn, T. (2013). Net present sustainable value: a new approach to sustainable investment appraisal.Strategic Change,22(3?4), 175-189