Ethics And Strategy Essay
One area that organizations can lose consumer confidence is failing to honor guarantees or negatively deal with complaints.
This is why consistent policies and employee training is imperative.
The second area of financial liability exists with potential lawsuits.
No organization is exempt from a disgruntled employee or customer who claims discrimination.
Team member morale improves when employees feel protected against retaliation for personal beliefs.
These policies include anti-discriminatory rules, open door policies and equal opportunities for growth.
With more than 15 years of small business ownership including owning a State Farm agency in Southern California, Kimberlee understands the needs of business owners first hand.
Neoliberalism is not a clear-cut singular concept (Plehwe and Walpen, 2006, p.Neoliberalism is based on the idea that the government makes the world worse for society instead of promoting economic growth.Neoliberalism supports the generation of private companies and unhindered markets considering them the driving force of economic growth and social welfare.According to a South African manager, “The State is an entrepreneur of its own. The state must be minimalist, it must really do the least and the last.Civil society, empowered civil society is to do the most” (Sewpaul and Hölscher, 2004, pp. A number of studies investigate the large financial institutions with their “contemporary capitalist-managerial dual facets, whose privileges are finally expressed in the income and wealth of top fractiles” (Duménil and Lévy, 2015).“To allow the market mechanism to be the sole director of the fate of human beings and their natural environment would result in the demolition of society” (Polyani, 1957, p. However, the strategic management of commercial organisations influenced by neoliberalism does not support the interests of the wider society, including stakeholders.Losing respect for non-financial industries, neoliberalism propagates self-perpetuating elite culture of strategic management.Originated in the 1970s, neoliberalism is “a political rationality that tries to render the social domain economic and to link a reduction in (welfare) state services and security systems to the increasing call for ‘personal responsibility’ and ‘self-care’” (Lemke, 2002, p. While Neoliberalism, as a doctrine of political and economic liberalism and set of policies, it has specific positive aspects, the overall impact of neoliberalism on the strategic management of the social, institutional, business and cultural operations is negative.Neoliberalism, profit-driven and exceptionally focused on finance, has negative social impact on strategic management, as it fosters corporatisation of state companies, and other assets, the shift of welfare policy toward philanthropy and entrepreneurship, and individual ‘responsibilisation’ for health, welfare and education.Sexual discrimination in the workplace is costing CEOs, politicians and celebrities their livelihood because they are not appropriately dealing with accusations and harassment claims.Organizations must maintain policies and procedures addressing various types of harassment and discrimination.