Analyse the notion that twenty-first century "managers" prioritise personal gain ahead of stakeholders interest .?
Answers
Business is the activity of exchanging goods or services for some other goods or services, or for money, like a book shop.
Ethics, code of conduct for businesses is important too along with profit. In the world of Business, there is a fierce competition, speed of activities, striving for growth and capturing of market share, spying on competitor's activities and so on. Business wold treats time like money and treats people often like machines. Let us also know that a business also has a social responsibility too.
hello.
first of all you have to know that the 21st century
manager is highly innovative technologically and other charactersitics which
they posess. This is an analysis question whereby we have to
analyse how the decisions for instance being implemented by the manager will
end up to his own benefit rather than those of the stakeholders thus you
have to know the types of stakeholders associated with the type of organisation
you will be referring to so you have to point out one decision which a manager
can take that will end up benefiting him instead of the stakeholders. i will
give an example lets say the manager will implement a decision of mechanising
the whole organisation that tea at break will be served by robot machines thus
it will be a big boost towards saving costs of employing ancillary staff
e.g the chefs in the organisaton thus profit maximising from less expenditure
of salaries and wages and the personal gain of the manager comes in when
he will have achieved his self-esteem needs of implementing useful tactics as
well as during the payment of salaries if the organisation makes huge profits
coz of the cut costs of paying the ancillary staff the manager tend to get more
bonus as they would record it it as bumper harvest year whereas going to the other side the workers amomg themselves wll be highly demotivated as
they will be retrenched and also the owners as the other stakeholder will also
fear that their company will gain a bad reputation of retrenching workers.
Hope it was a hint. good to be discussing with you! thats my thought
regards..colley mastermind!