The people, the environment, and the company : an examination of the tripartite dimesions of priorities relating to business judgments in multinational business organisations
Kumpula, Olivia (2016)
Kumpula, Olivia
Lapin yliopisto
2016
openAccess
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:ula-201605231147
https://urn.fi/URN:NBN:fi:ula-201605231147
Tiivistelmä
The onset of Globalization has ushered in an era of growth and expansion in the areas of multinational business Agreements, international business investments and Global Trade. Profit making, is without doubt the objective in these business ventures. Nevertheless, there exists certain other concerns that cannot be set aside in the course of running an effective business venture. On a daily basis, many business owners, leaders and managers are faced with a dozen decisions that they have to make and these decisions influence the success of the company as well as the reputation of the company in the eyes of the society. This is mainly due to the fact that these decisions have an impact not only on the company in terms of profit-making, but also on the employees, the customers, and the environment.
All business organizations, as a matter of necessity, must comply with governmental laws and statutes regulating business ventures irrespective of whether it is a domestic or multinational corporation. Most times the nature and type of some business corporations may require special regulatory laws, monitoring agencies and various business permits and licenses. Therefore, business owners and managers need to be well informed as to what laws regulates their business venture, having regards to the nature of the business, who the target customer are, the jurisdiction or country in question, and finally the peculiarity of that marketplace.
Apart from knowing and understanding these laws and regulations, the business manager must also ensure that he is abreast of the recent developments and law amendments with respect to their business. It is in the wake of these that companies today engage in activities to promote Employee Retention, Customer Satisfaction, Corporate Social Responsibility (CSR) as well as eco-friendly decisions for sustainable development. However, the factors surrounding such decision making in the light of the above are not always easy to evaluate or prioritize to ensure a well informed and effective decision is arrived at. When it comes to decisions making, many business managers are influenced by their emotions, personal values, professional risks or rewards, stress, and lots more. These factors influence a manager’s decision, one way or the other.
Be that as it may, the focus remains the same, and this area stands out as the major area of Interest on the top priority list of the company. For most major corporations, this falls into three main categories; the people, the environment, and the company. This brings us to the purpose of this paperwork. In this paperwork, I will be examining the tripartite dimensions of Priorities in relation to Business Judgements in Multinational Business Organizations. The aim of this work is to discuss the extent to which these three interests or priorities have been accommodated in International business dealings.
Chapter one gives an Introduction of the paperwork explaining what this work is all about. It also sets the context of the paperwork and provides general information about the topic. This is achieved by explaining the background of this study to throw more light on its history and where or how it originated from. This is followed by stating and explaining the objective of this study. This is to spell out the reasons for the study and the desired outcome at the conclusion of the study. This chapter will be concluded by stating and explaining the research question with regards to this paperwork as this forms the very core of this study.
Chapters Two, Three and Four of this work gives a comparative analysis of the three dimensions of priorities in relation to Business Judgements in Multinational Business Organizations. For most of the business organizations, these three areas of interests form the main heading of priorities which houses the many other minimal areas of concern. In these chapters, I will be discussing each of the three major dimensions of priorities in details, that is to say; the people-based priority angle, the company-based priority angle, and finally the environment-based priority angle. This will also include looking at these priorities from all angles, and giving analogies to show how these priorities stand out as essential and paramount in their own respect.
Chapter Five of this work gives a detailed Result of the Survey I carried out in relation to this subject matter. Project ‘Priority Triangle’ was embarked upon to provide a practical angle to this subject matter in order to know how the public in general view these multinational companies especially the most popular ones in terms of the topic in question. The participation was from different individuals of different age groups and resident in different countries. Further, this chapter talks about the Vanishing point; a point at which these priorities converge and intertwine. Does one exist? If so, where? And how can a balance be achieved? This is followed by making some recommendations in the light of the issues and viewpoints discussed above together with the observations made from the survey and its findings. It is hoped that these recommendations will be taken into consideration especially by business owners, managers, and leaders in the course of making business judgements. Finally, this work is concluded by restating, as a reminder to the reader, the essence or aim of the study, the findings, and the viewpoints of the researcher based on the analysis and the implications of the findings addressed above.
In conclusion, it goes without much saying that these three areas of priority are the major focus points when it comes to businesses. Does the issue at stake call for a focus on the interests of the company? Or should the focus be directed towards the people who will be affected by this decision? How about the effect of the decision on the Environment in general? The fact remains that all of these three dimensions are of utmost importance at every point in time, rendering decision making a very difficult task. This is a dilemma that most business managers have to face before they make any major business judgement. This forms a 'Priority Triangle' since all of these priorities are important and can be ranked top on the list, depending on the angle one is viewing the issue at hand from. Certainly, there must be a vanishing point where these three priorities converge and intertwine; a point where a business judgement can accommodate all of these interests. The question here is: At what point do they all meet and how can this balance be achieved?
All business organizations, as a matter of necessity, must comply with governmental laws and statutes regulating business ventures irrespective of whether it is a domestic or multinational corporation. Most times the nature and type of some business corporations may require special regulatory laws, monitoring agencies and various business permits and licenses. Therefore, business owners and managers need to be well informed as to what laws regulates their business venture, having regards to the nature of the business, who the target customer are, the jurisdiction or country in question, and finally the peculiarity of that marketplace.
Apart from knowing and understanding these laws and regulations, the business manager must also ensure that he is abreast of the recent developments and law amendments with respect to their business. It is in the wake of these that companies today engage in activities to promote Employee Retention, Customer Satisfaction, Corporate Social Responsibility (CSR) as well as eco-friendly decisions for sustainable development. However, the factors surrounding such decision making in the light of the above are not always easy to evaluate or prioritize to ensure a well informed and effective decision is arrived at. When it comes to decisions making, many business managers are influenced by their emotions, personal values, professional risks or rewards, stress, and lots more. These factors influence a manager’s decision, one way or the other.
Be that as it may, the focus remains the same, and this area stands out as the major area of Interest on the top priority list of the company. For most major corporations, this falls into three main categories; the people, the environment, and the company. This brings us to the purpose of this paperwork. In this paperwork, I will be examining the tripartite dimensions of Priorities in relation to Business Judgements in Multinational Business Organizations. The aim of this work is to discuss the extent to which these three interests or priorities have been accommodated in International business dealings.
Chapter one gives an Introduction of the paperwork explaining what this work is all about. It also sets the context of the paperwork and provides general information about the topic. This is achieved by explaining the background of this study to throw more light on its history and where or how it originated from. This is followed by stating and explaining the objective of this study. This is to spell out the reasons for the study and the desired outcome at the conclusion of the study. This chapter will be concluded by stating and explaining the research question with regards to this paperwork as this forms the very core of this study.
Chapters Two, Three and Four of this work gives a comparative analysis of the three dimensions of priorities in relation to Business Judgements in Multinational Business Organizations. For most of the business organizations, these three areas of interests form the main heading of priorities which houses the many other minimal areas of concern. In these chapters, I will be discussing each of the three major dimensions of priorities in details, that is to say; the people-based priority angle, the company-based priority angle, and finally the environment-based priority angle. This will also include looking at these priorities from all angles, and giving analogies to show how these priorities stand out as essential and paramount in their own respect.
Chapter Five of this work gives a detailed Result of the Survey I carried out in relation to this subject matter. Project ‘Priority Triangle’ was embarked upon to provide a practical angle to this subject matter in order to know how the public in general view these multinational companies especially the most popular ones in terms of the topic in question. The participation was from different individuals of different age groups and resident in different countries. Further, this chapter talks about the Vanishing point; a point at which these priorities converge and intertwine. Does one exist? If so, where? And how can a balance be achieved? This is followed by making some recommendations in the light of the issues and viewpoints discussed above together with the observations made from the survey and its findings. It is hoped that these recommendations will be taken into consideration especially by business owners, managers, and leaders in the course of making business judgements. Finally, this work is concluded by restating, as a reminder to the reader, the essence or aim of the study, the findings, and the viewpoints of the researcher based on the analysis and the implications of the findings addressed above.
In conclusion, it goes without much saying that these three areas of priority are the major focus points when it comes to businesses. Does the issue at stake call for a focus on the interests of the company? Or should the focus be directed towards the people who will be affected by this decision? How about the effect of the decision on the Environment in general? The fact remains that all of these three dimensions are of utmost importance at every point in time, rendering decision making a very difficult task. This is a dilemma that most business managers have to face before they make any major business judgement. This forms a 'Priority Triangle' since all of these priorities are important and can be ranked top on the list, depending on the angle one is viewing the issue at hand from. Certainly, there must be a vanishing point where these three priorities converge and intertwine; a point where a business judgement can accommodate all of these interests. The question here is: At what point do they all meet and how can this balance be achieved?
Kokoelmat
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