Wednesday, February 19, 2020

Debate Against (( Human resources manager are the guardians of ethics Essay

Debate Against (( Human resources manager are the guardians of ethics in business)) - Essay Example In short deontology theory of ethics never asks HRM managers to work for the protection of ethics in business. â€Å"For deontologists, the Right has priority over the Good. If an act is not in accord with the Right, it may not be undertaken, no matter the Good that it might produce† (Alexander, 2007). The above principle cannot by applied in an organizational set up always. In business, maximization of profit through efficient functioning of the organization is the major objective. It is impossible to analyze all the actions through the microscopes of morality in business. For example, there are certain instances in which the HRM managers forced to promote a junior employee over a senior employee because of the superior abilities of the junior employee compared to that of the senior employee. According to the deontological principles, only the senior employee could be promoted even if he might be useless. In that manner an organization cannot work.†Deontologists do not look at how much good might be caused by an action. They look at the action itself, deciding whether it is pro hibited or made obligatory by one of their rules† (Ethical Theory – Deontology, n. d). In other words, the arguments of deontologists are not applicable to the HRM managers. â€Å"Ethical egoism relies on the assumption that following one’s own self-interest will generally provide a maximum of benefit† (Koster, 2007, p.8). â€Å"It is the prescriptive doctrine that all persons ought to act from their own self-interest† (Philosophy 302: Ethics Ethical Egoism, 2009). In an organizational set up, the above principle cannot be applied. In an organization, the HRM manager should work for the interests of the organization rather than their self-interests. The interests of the employees and the interests of the organization may not go in the same direction. The organization always

Tuesday, February 4, 2020

Reflection Case Study Example | Topics and Well Written Essays - 1000 words

Reflection - Case Study Example In addition, the author has explored the roles of managers, CFO’s, and strategists in ensuring that the aspects of competitive advantage and shareholder value coexist well in their companies. The author of this article has also discussed the aspects of short-term and long-term measures of earnings in a company. According to the author, most managers believe in short-term measures and dismiss the long-term. However, the author proves that it is important for a manager to focus on long-term valuations of cash flow. A major reason is that long-term orientation takes into account various important aspects in the market; include the pricing mechanism of the market. This article has a considerable relationship with basic financial management. Overall, the article addresses an aspect that involves planning and directing the use of the financial resources of a company. This includes all cash acquired from lenders and investors, as well as the cash obtained through the operations of the company. The author has tied this role to the Chief Financial Officer and other managers responsible. The responsibility of financial management in a company belongs to senior financial officers and/or owner of the company. Therefore, the author has tied this role to the responsible and relevant parties. The content of this article also to a larger extent addresses the aspect of cash management, which is important in Financial Management. For instance, in the article, the focus on cash flows in a company and how it affects company productivity and competitive advantage sheds light on the important practices that financial managers should adopt in order to ensure increased productivity, competitive advantage, and shareholder value for the company. The content of the article also addresses an important aspect in financial management, planning and forecasting. For instance, in the long-term orientation, the author notes that in order to have an accurate view of market pricing,